How Much Are Old 2 Dollar Canadian Bills Worth in Canada

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Unrecognizable elegant female in sweater counting dollar bills while sitting at wooden table with planner and pen
Credit: pexels.com, Unrecognizable elegant female in sweater counting dollar bills while sitting at wooden table with planner and pen

If you're wondering how much old 2 dollar Canadian bills are worth in Canada, the answer can vary depending on the condition and rarity of the bill.

Some 2 dollar Canadian bills from the 1930s are highly sought after by collectors and can be worth thousands of dollars.

In Canada, the Royal Canadian Mint and the Bank of Canada issue 2 dollar bills, but older versions are more valuable due to their rarity.

Older 2 dollar Canadian bills can be found in circulation or in estate sales, and it's worth keeping an eye out for them if you're looking to collect or sell.

The Value of Old Bills

Most $2 Canadian bills are worth their face value, but there are some exceptions. A 1986 $2 note with the AUG, AUH, and AUJ serial numbers can be worth up to $10,000 if it has the wrong signatures.

If you have a regular $2 bill, it's unlikely to be worth much more than its face value. On eBay, most $2 bills sell for just a little over their face value, and many don't get any bids.

Credit: youtube.com, Most Valuable Canadian Bills Price Guide (Rarest Sold For $322,000)

If you're looking to determine the value of your old Canadian bills, there are a few factors to consider. The value of old Canadian money depends on factors like the banknote's condition, rarity, and age.

Here are some examples of old Canadian bills that are worth more than their face value:

  • Bank of Canada notes issued in print runs from 1954, 1937, or 1935
  • All Dominion of Canada notes
  • All Royal Bank notes
  • All Bank of Montreal notes
  • All Bank of Toronto notes
  • All Bank of Nova Scotia notes
  • All Imperial Bank of Canada notes
  • All Union Bank of Canada notes
  • All Canadian Bank of Commerce notes
  • All Molson Bank of Canada notes
  • United States Silver Certificates
  • United States Banknotes
  • World notes dated 1950 and earlier

Keep in mind that the value of these bills can vary greatly depending on their condition and rarity. It's always a good idea to get a professional appraisal before trying to sell your old bills.

The $2 Bill

The $2 bill was issued by the Bank of Canada from 1935 to 1996, and it was withdrawn from circulation in 1996, replaced by the $2 coin.

The 1986 $2 notes with the AUG, AUH, and AUJ serial numbers are the ones worth any money, due to misprinted signatures of Bank of Canada officials.

You can find the Canadian 2 dollar bill being sold online, with prices ranging from CA$4 for a 1986 two-dollar banknote to CA$2,500 for a rare 1974 special edition.

When Was the $2 Bill Discontinued?

Credit: youtube.com, If you have a $2 Bill - Watch This Now

The Canadian $2 bill was discontinued in February 1996. This marked the end of an era for the paper note, which had been a staple in Canadian currency for a long time.

The government replaced the $2 bill with a coin as a cost-saving measure. This decision was made to take advantage of the longer lifespan of coins.

The toonie, as it's called, debuted on September 21, 1995, five months before its circulation started. This gave the Royal Canadian Mint time to prepare for the switch.

The $2 note was eventually phased out when the toonie entered circulation on February 19, 1996. This was the final nail in the coffin for the paper note.

According to the Royal Canadian Mint, the toonie lasts about 20 times longer than paper notes. This is a significant difference in durability and lifespan.

Intriguing read: Five Dollars Canadian

The $2 Bill

The $2 bill has a fascinating history in Canada. It was issued by the Bank of Canada from 1935 to 1996.

Credit: youtube.com, 1976 Bicentennial $2 Dollar Bill Complete Guide - How Much Is It Worth And Why?

Most $2 bills are essentially worthless, selling for just a little over their face value on eBay. This is because they're not rare or unique in any way.

However, some $2 bills are worth more due to misprinted signatures. Specifically, the 1986 $2 notes with the AUG, AUH, and AUJ serial numbers are worth something because they have the wrong signatures.

The Canadian $2 bill features various members of the British Royal family. It was replaced by the $2 coin in 1996.

You can find the Canadian $2 dollar bill being sold online, with prices ranging from CA$4 for a 1986 two-dollar banknote to CA$2,500 for a rare 1974 special edition.

The $2 bills being sold on eBay are often uncirculated or ungraded, have consecutive serial numbers, or are in uncut sheets.

Frequently Asked Questions

How much are $2 bills worth now?

Newer $2 bills are typically worth their face value, $2, unless they have a unique feature. Check for low serial numbers, misprints, or other special characteristics to potentially increase their value

Krystal Bogisich

Lead Writer

Krystal Bogisich is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for storytelling, she has established herself as a versatile writer capable of tackling a wide range of topics. Her expertise spans multiple industries, including finance, where she has developed a particular interest in actuarial careers.

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