If you’ve got some old Canadian Tire Money (CTM) tucked away in a drawer or stashed in your car’s glove compartment, it might be time to take a closer look. What was once considered a fun, small discount coupon is now a highly sought-after collectible, with some rare bills fetching thousands of dollars. In this article, we’ll explore why old Canadian Tire Money could be worth a fortune, how to identify valuable notes, and the step-by-step process to sell and claim that money.
What is Canadian Tire Money?
Canadian Tire Money, often referred to as CTM, started as a customer loyalty program in 1958, developed by Muriel Billes, wife of the Canadian Tire co-founder. These coupons were initially distributed at gas bars and were meant to encourage repeat business at Canadian Tire stores. Over the years, the program expanded, and CTM became available in various denominations, from 5 cents to several dollars, and resembled real currency.
Canadian Tire money is printed by the Canadian Bank Note Company, the same printer responsible for Canadian government bills. While newer versions are digitalized under the Triangle Rewards program, older paper bills are gaining significant attention in the collectors’ world today.
Old Canadian Tire Money Could Be Worth Thousands
| Key Information | Details |
|---|---|
| Origin | Launched in 1958 as part of a loyalty program at Canadian Tire gas stations. |
| Most Valuable Bills | Rare bills, such as the 1989 $2 note, have fetched up to $3,000 at auctions. |
| What to Look For | Printing errors, misprints, and limited-edition series like the 100th anniversary bills can be worth thousands. |
| Where to Sell | Online platforms like eBay, or through collector clubs like the Canadian Tire Coupon Collectors Club. |
| Current Market Value | Some old bills are worth up to 3,000 times their face value, depending on their condition, rarity, and uniqueness. |
| Official Resources | Canadian Tire Money Guide, Canadian Tire Collectors Club |
Old Canadian Tire Money is no longer just a quirky form of currency for picking up a new hammer or garden hose—it has become a valuable collectible. Some bills, especially those with printing errors or limited editions, can fetch thousands of dollars in today’s market. If you think you have a hidden treasure in your old stash of CTM, take the time to assess its value and consider joining a collectors’ community to help guide you through the selling process.
Why Old Canadian Tire Money is Valuable
The value of Canadian Tire Money is driven by several factors, such as rarity, condition, and the presence of printing errors or misprints. Some bills, especially those produced in limited runs or with unique serial numbers, can fetch significant sums. For example, a 1989 $2 bill sold for over $3,000 due to a serial number printing error where the digits were unusually spaced.
Older notes from the 1950s and 60s, particularly those from the gas bar series, are highly prized among collectors. These bills often feature distinct designs and colour schemes that make them stand out.
In addition to errors, limited-edition releases like the 100th anniversary $100 bill from 2022 can also reach high values. This special edition was part of a promotional event where Canadians had to participate in a treasure hunt to find these exclusive bills.
What Makes Certain Bills So Valuable?
The value of old Canadian Tire Money is primarily tied to:
- Rarity: Older bills or limited editions are less common, making them more valuable. For instance, the 75th-anniversary series or the 1996 last print set are highly collectible.
- Printing Errors: Misprints or anomalies, such as misaligned numbers or double prints, make certain notes particularly sought after.
- Condition: Bills in pristine, uncirculated condition hold more value than those that are worn or damaged.
Collectibles from series like the Gas Bar Series (1958-1985) or Store Series (1961-2009) are some of the most valuable. Serial number variations and varieties (e.g., missing numbers, ink smears) can add significant value to the bills.
How to Check If Your Canadian Tire Money Is Valuable
Before you rush to sell your old Canadian Tire bills, it’s important to assess their potential worth. Here are the steps to evaluate your collection:
- Inspect the Bill’s Condition: A bill in mint condition is more valuable. Look for crisp edges, no folds or tears, and vibrant colours.
- Look for Rare Denominations: Check if the bill belongs to any special series, such as the 1989 $2 note or the 50-cent bill from 1958. These can be worth hundreds or even thousands.
- Check for Printing Errors: Unique errors or misprints can add tremendous value. Common errors include shifted serial numbers, misaligned text, and missing colours.
- Research Online Listings: Platforms like eBay are great places to get a sense of what collectors are willing to pay. Some sellers list their rare CTM bills for as much as $4,000.
How to Sell Your Old Canadian Tire Money
Once you’ve determined that your Canadian Tire Money might be valuable, the next step is selling it. Here’s a simple guide to get started:
1. Join a Collector’s Club
One of the best ways to connect with serious buyers is through the Canadian Tire Coupon Collectors Club (CTCCC). This community of collectors has a wealth of knowledge and can help you determine the value of your bills. You can also attend trade shows and events to meet collectors in person.
2. List on Online Auction Sites
If you’re looking for a quick sale, online marketplaces such as eBay or specialized collectible platforms are excellent options. Be sure to provide high-quality photos and a detailed description of the bill, including any unique features, errors, or signs of wear.
3. Consult with Professional Dealers
For those who want to avoid the hassle of online auctions, you can seek out professional dealers who specialize in collectibles. They can give you a fair appraisal and help sell your items to their network of collectors.
Frequently Asked Questions (FAQs)
1. How do I know if my Canadian Tire Money is valuable?
Look for older bills, rare denominations, and printing errors. Bills in excellent condition with unique features are often the most valuable.
2. Can I still use my old Canadian Tire Money at stores?
While Canadian Tire has moved to the Triangle Rewards digital system, some locations may still accept older paper bills, though their usage is becoming less common.
3. Where can I sell my old Canadian Tire Money?
You can sell it online through sites like eBay, collector clubs like CTCCC, or to professional dealers who specialize in currency and collectibles.
4. What makes Canadian Tire Money collectible?
Its value is determined by factors such as rarity, condition, serial number errors, and unique design features.
