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This was the last series to feature a $1 banknote, with the banknote replaced by a dollar coin – known as a loonie for its design of a loon on the obverse – in 1987; printing of the $1 banknote ceased in 1989. However, there was a 21-month period where both the $1 bill and coin were produced concurrently, from June 1987 to April 1989. [17]
[13] [15] At the time, 2,827,702 of the $1000 bills were in circulation, representing 0.3% of all circulating currency; in 2001, 520,000 banknotes were withdrawn from circulation and destroyed. [34] By 2011, fewer than 1 million were in circulation, most of which were held by organized crime and used for money laundering. [13] [2] [15]
A Big Maple Leaf measures 2.8 centimetres (1.1 in) thick and 50 centimetres (20 in) in diameter and is 999.99/1000 pure. The obverse of the BML shows Queen Elizabeth II as she has appeared on Canadian coinage since 2003, [5] when Susanna Blunt's design became the third iteration of the queen's effigy to appear on coinage (the others were 1965 and 1990).
The lower the serial number, the more valuable the currency is considered to be; a bill with the serial number 00000001 could be worth $15,000, according to SavingAdvice.com. 2. High Number
Value: $1 million or more. Grading: 50 (about uncirculated) Read More: These 11 Rare Coins Sold for Over $1 Million. Ten Dollar 1882 Brown Back Territorial National Bank Note. Value: $200 to ...
The Bank of Canada stated that withdrawing most of the 300 million $1 banknotes from circulation would take about three months. [30] The Royal Canadian Mint also increased the number of loonies released into circulation from 1 million in January 1989 to 9.8 million during one week in June. [31]
Canadian Currency. Canada’s current paper currency is the Canadian dollar, which is available in 5-, 10-, 20-, 50- and 100-dollar notes, according to the EduCanada website. Canadian coins ...
A commemorative 10 dollar banknote, with a circulation of 50 million, was issued for Canada's 150th anniversary on 1 June 2017. It is of the same polymer material and purple colour of the standard Frontier series $10 banknote, but contains a unique design that includes four portraits of important historical Canadian figures.