If you have some old Canadian Tire Money (CTM) stashed away in a drawer or your glove compartment, now might be the perfect time to take a closer look. What was once a fun discount coupon is now a highly sought-after collectible, with certain rare bills fetching thousands of dollars. This article will guide you through why Canadian Tire Money is so valuable, how to identify high-worth bills, and the process of selling them for a handsome profit.
What is Canadian Tire Money?
Canadian Tire Money, also known as CTM, originated in 1958 as part of a customer loyalty initiative developed by Muriel Billes, the wife of Canadian Tire’s founder. Initially, these coupons were given at gas stations to encourage repeat customers at Canadian Tire stores. Over time, the program expanded, offering various denominations ranging from 5 cents to several dollars, resembling actual currency.
Produced by the Canadian Bank Note Company (the same printer behind Canadian government bills), Canadian Tire Money gradually became a beloved feature of Canadian retail. While the program has since transitioned to a digital format under the Triangle Rewards system, the older paper bills are now gaining attention as valuable collectibles.
Why is Old Canadian Tire Money So Valuable?
The worth of Canadian Tire Money is driven by several factors, including rarity, condition, printing errors, and limited-edition runs. Some bills, especially those produced in small quantities or featuring unique serial numbers, can command substantial sums. For example, a 1989 $2 note with a printing error (misaligned serial numbers) was sold for over $3,000.
Older bills from the 1950s and 60s, particularly from the gas bar series, are particularly desirable among collectors. These bills feature distinctive designs and color schemes that are visually striking and harder to find today.
In addition to errors, special edition releases, such as the 100th-anniversary $100 bill from 2022, are also highly collectible. This limited-run bill was released as part of a treasure hunt event, where Canadians could participate in finding these exclusive notes.
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What Makes Some Bills So Valuable?
Certain factors determine the value of Canadian Tire Money, including:
- Rarity: Older bills, especially those from limited-edition runs like the 75th-anniversary series or the final print set from 1996, are rarer and therefore more valuable.
- Printing Errors: Misprints, like misaligned numbers, double prints, or other anomalies, can greatly increase a bill’s appeal.
- Condition: Bills in excellent condition, free from folds, tears, or significant wear, are more desirable to collectors.
- Series: Collectibles from the Gas Bar Series (1958-1985) or the Store Series (1961-2009) are among the most valuable. Variations in serial numbers, such as missing digits or ink smears, can also contribute to a bill’s value.
How to Determine If Your Canadian Tire Money is Worth Something
Before you rush to sell your old CTM, it’s important to assess its potential worth. Here’s how you can evaluate your collection:
- Check the Condition: Bills in pristine condition, with no creases, tears, or fading, are the most valuable. Look for vibrant colors and sharp edges.
- Look for Rare Denominations: Certain notes, like the 1989 $2 bill or the 50-cent note from 1958, are particularly rare and valuable.
- Search for Printing Errors: Unique misprints or anomalies, such as shifted serial numbers or misaligned text, can significantly increase a bill’s value.
- Research Online Prices: Platforms like eBay are excellent places to get a sense of how much collectors are willing to pay for rare CTM bills. Some listings have even reached up to $4,000!
How to Sell Your Old Canadian Tire Money
Once you’ve determined that your CTM might be valuable, you can move on to selling it. Here’s a step-by-step guide to help you:
- Join a Collector’s Club: One of the best ways to connect with potential buyers is by joining the Canadian Tire Coupon Collectors Club (CTCCC). This community is full of collectors who can help you identify valuable bills. You can also attend trade shows and events to network with other collectors.
- List on Online Marketplaces: For a quicker sale, consider listing your bills on online auction sites like eBay or collectible platforms. Be sure to include high-quality photos and a detailed description, highlighting any unique features, errors, or wear.
- Consult Professional Dealers: If you prefer to avoid online auctions, you can reach out to professional dealers who specialize in currency and collectibles. They can provide fair appraisals and sell your bills through their networks.
Frequently Asked Questions (FAQs)
- How do I know if my Canadian Tire Money is valuable?
Look for older bills, rare denominations, printing errors, and bills in excellent condition. These factors can significantly increase their value. - Can I still use my old Canadian Tire Money?
Although the Triangle Rewards digital system has replaced the paper bills, some stores may still accept older CTM, but this is becoming less common. - Where can I sell my Canadian Tire Money?
You can sell your bills through online platforms like eBay, the Canadian Tire Coupon Collectors Club, or to professional dealers specializing in collectibles. - What makes Canadian Tire Money collectible?
The primary factors include rarity, condition, printing errors, and unique features such as special edition releases or limited runs.
Old Canadian Tire Money isn’t just a relic of the past—it’s now a valuable collectible. If you think you have a rare piece, take the time to assess its worth and consider selling it through the right channels to get the most value.