Your Old Canadian $1 Bills May Now Be Worth $7,000 - MTL Blog

Your Old Canadian $1 Bills May Now Be Worth $7,000

Hopefully, you held on to them.

In Canada, when the old $1 bills were discontinued in 1989, some people held onto them hoping they would be worth a lot of money some day.

Well the good news is that those people may not have been so crazy, old $1 bills CAN be worth a lot of money. You just have to hope you have one of the good ones.

READ ALSO: The Craziest Laws Canadians Break Every Day Without Realizing It

2 things affect the price of a bill, rarity and quality. And if you're lucky enough to have a bill that is both rare and high quality you could be looking at quite the payday.

 

@chiqueanduniqueembedded via  

According to coinsandcanada.com, the rarest $1 bills are the ones in perfect or near perfect condition. Bill can be categorized as: Good, Very Good, Fine, Very Fine, Extremely Fine, About Uncirculated and Uncirculated. The higher quality ones can be worth up to $350.

But here's where it gets interesting, there is rare series of bills from 1954 called "Devil's Face" notes. These bills were taken out of circulation because some people thought that the Queen's hair looked sort of like a devil's face.

img-bank-notes-devil-face

Photo cred - coinsandcanada

These bills are very rare but if you're lucky enough to have one in perfect condition, it may be worth up to $7,000. 

So if you have any old $1 bills lying around go check them, because you never know ...

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