If you’ve been holding onto old Canadian Tire Money (CTM), you might be sitting on a small fortune. Once just a fun loyalty reward at Canadian Tire, old CTM notes have become a hot commodity in the world of collectors, with some rare bills now fetching up to thousands of dollars. If you’ve stashed some away, it might be time to pull them out and assess their value. In this guide, we’ll explore what makes certain bills so valuable, how to spot rare notes, and how you can cash in on your collection.
What is Canadian Tire Money?
Canadian Tire Money (CTM) is a loyalty program that started in 1958, initiated by Muriel Billes, the wife of the company’s founder. Originally given to customers at Canadian Tire gas stations, these coupons were designed to encourage repeat purchases at Canadian Tire stores. Over the years, CTM expanded in both denominations and reach, and while newer versions have transitioned to a digital system under Triangle Rewards, the older paper notes are now treasured by collectors.
Printed by the same company responsible for Canada’s government currency, the Canadian Bank Note Company, CTM shares a similar aesthetic with real money. This historical connection, along with its unique design, is part of what has made it so valuable in recent years.
Why Is Old Canadian Tire Money Valuable?
The value of old Canadian Tire Money is based on various factors, including rarity, condition, printing errors, and special edition releases. Some bills are worth significantly more than others, especially if they are part of limited-edition runs or have printing anomalies. For instance, a 1989 $2 bill with a printing error—where the serial numbers were spaced oddly—was sold at auction for over $3,000.
Older notes, particularly those from the 1950s and 60s, are highly desirable among collectors due to their unique designs and limited availability. Special anniversary bills, like the $100 note issued for Canadian Tire’s 100th anniversary in 2022, can also command high prices due to their exclusivity.
What Makes Certain Canadian Tire Money Bills So Valuable?
Several features can make certain bills more valuable than others:
- Rarity: Older bills or those from special editions are less common and can be more valuable. Notable series include the 75th anniversary edition and the 1996 “last print” notes.
- Printing Errors: Misprints or errors, such as misaligned numbers or overprints, are highly sought after by collectors.
- Condition: The better the condition, the higher the value. Bills that are crisp, clean, and free from folds, tears, or discoloration are considered more valuable.
- Special Series: Bills from specific series, like the Gas Bar Series (1958-1985), can be worth much more, particularly if they have unusual serial numbers or printing quirks.
How to Identify Valuable Canadian Tire Money
Before you decide to sell your CTM collection, it’s essential to evaluate its worth. Here’s how to check if your bills might have a significant value:
- Examine the Condition: Bills in pristine condition are the most valuable. Look for no wear, crisp edges, and vibrant colours.
- Look for Rare Denominations: Older bills or those from limited-run series, such as the 1989 $2 bill or the original 50-cent bills from 1958, can be worth a lot.
- Check for Printing Errors: Some printing mistakes can add significant value. Misaligned serial numbers, double prints, or missing ink are all sought-after features.
- Do Some Research: Websites like eBay can provide a sense of what rare bills are selling for. Many rare CTM bills have sold for thousands of dollars at auction, so checking active listings will give you an idea of current market trends.
How to Sell Your Canadian Tire Money
If you’ve determined that your Canadian Tire Money might be worth a pretty penny, here’s how to sell it:
- Join a Collector’s Community
The Canadian Tire Coupon Collectors Club (CTCCC) is a great place to connect with knowledgeable collectors. By joining, you can tap into their expertise, learn more about the value of your collection, and potentially meet buyers directly. You can also attend conventions or trade shows to engage with collectors in person. - List It on Online Marketplaces
eBay and similar online auction sites are excellent platforms for selling rare CTM bills. Make sure to upload high-quality images and include detailed descriptions, especially highlighting any unique features or errors on the bill. - Consult a Professional Dealer
If you prefer to skip the online auction process, consider reaching out to a professional dealer specializing in collectibles. These dealers can appraise your bills and help you sell them to serious buyers, often providing a fair price.
Frequently Asked Questions (FAQs)
- How can I tell if my Canadian Tire Money is valuable?
The value of CTM depends on factors like rarity, condition, and any printing errors. Older bills, limited-edition releases, or bills with misprints are often the most valuable. - Can I still use my old Canadian Tire Money?
While Canadian Tire has transitioned to the Triangle Rewards digital system, some stores may still accept older paper CTM bills. However, it’s becoming less common. - Where can I sell my Canadian Tire Money?
You can sell your CTM on online auction sites like eBay, through the Canadian Tire Coupon Collectors Club, or to professional dealers who specialize in currency and collectibles. - Why is Canadian Tire Money collectible?
Collectors value CTM for its historical significance, unique designs, and the rarity of certain bills, especially those with printing errors or from limited runs.
By understanding how to identify rare and valuable Canadian Tire Money, and where to sell it, you can potentially turn those old bills into a substantial profit. Whether you’re a seasoned collector or just discovering the value of CTM, the market is thriving, and there’s no better time to cash in.
