While the majority of CTM is typically available in denominations of 5 cents, 10 cents, 25 cents, 50 cents and $1, this doesn't mean the currency is limited to minor purchases. In fact, shoppers previously told Narcity that they'd saved their bills over time to splurge on big-ticket items like trampolines, winter tires, lawnmowers, and even a chipper shredder valued at almost $800.
But while a giant stash of Canadian Tire notes could help you purchase something from your shopping list, the right bills could also be exchanged for a hefty lump of cash.
That's because, right now, individual Canadian Tire bills are being sold online for hundreds – and even sometimes thousands – of dollars.
So, if you, your parents, or even your grandparents have held onto years' worth of Canadian Tire bills, get ready to take notes because some of those crumpled old notes could fetch a hefty sum online.
So, which Canadian Tire bills are valuable?
Well, unsurprisingly, you're looking for notes that are rare, old or, even better, both. Canadian Tire money has been circulating since the 1950s, and bills from the early years have become increasingly scarce. As more and more of these vintage bills are lost, damaged, destroyed or forgotten, World Class Antiques says the ones that do make their way to the marketplace have become increasingly valuable to those who collect them.
Moreover, replacement notes (issued to replace bills damaged during printing) and faulty bills (those with mismatched serial numbers) hold a special appeal for collectors. And if you happen to stumble upon a bill where the appearance of Canadian Tire mascot Sandy McTire has been slightly altered, you also might have a big-ticket item. Introduced as the mascot on the coupons in 1961, any design variations predating this era indicate a pretty ancient (and valuable) relic.
Those listed for the highest sums on eBay right now are from dates between 1985 and 1997, although there are some listed for as much as $750 from as recently as 2011.
One seller has listed a 1985 10-cent bill for $4,000, a 1987 25-cent bill for $3,500, and a 1985 25-cent bill for $3,500, for a combined total of $11,000.
Another has listed two Canadian Tire 75th Anniversary 25-cent bills for a combined price of $3,000. A 25-cent bill from between 1963 and 1966 is up for $1,500 for a single note.
Somebody else has listed for auction a "large lot of Canadian Tire Money Bills" for $1,000, none of which are noted to be particularly rare or unusual.
One seller has even listed an unspecific lot of "all types of [Canadian Tire] bills" for a whopping $11,111. Yup, really.
Of course, it's worth keeping in mind that these items are only really worth what somebody will pay for them. So, a seller could list a single note for $4,000, but it's only really worth that if somebody is prepared to buy it.
There is evidence to suggest that collectors will genuinely pay the big bucks for the right notes, though. In 2017, Macleans reported that a $2 Canadian Tire bill from 1989 had sold for $3,000, while a 50-cent note from 1958 was valued at $1,500.
Other bills known to be popular among collectors include the special edition notes released for Canadian Tire's 100th anniversary in 2022. The notes are worth a hefty $100 at the retailer anyway, but their rarity can make them much more valuable than that.
Another easy set to look out for is the 2010 Winter Olympic set, particularly if you have uncirculated notes. If you happen to have a full set – even better. One seller previously sold this set for hundreds of dollars, per MTL Blog.
The Canadian Tire Coupon Collector's Club
Canadian Tire money.limecools | Flickr
Such is the fascination for these old bills, a Canadian Tire Coupon Collector's Club has been set up, where members catalog, preserve and trade Canadian Tire money. The group, which has regular meetings, has been active since 1990, and claims to have listed and logged every Canadian Tire coupon ever found.
In addition to a quarterly newsletter and mail-bid sales of members' items, the group also hosts regular live auctions of Canadian Tire notes. On the CTC Collectors Club Facebook page, Canadian Tire shoppers share photos of their old and unused bills and ask members for advice on how much they're worth and whether they're considered collectable. In many instances, experienced members advise newcomers that while their notes may not hold substantial monetary value, they have significant worth when it comes to kickstarting a new collection.
Canadian Tire money in 2024
Since 2014, Canadian Tire has been on a journey to modernize its loyalty program by transitioning it into a digital format and moving away from the traditional paper coupons. A decade on, Canadians can now accumulate Canadian Tire money as Triangle Rewards members through online platforms and the Canadian Tire Triangle app.
It's still possible to redeem the original paper Canadian Tire coupons, but they must be converted to digital first. To do this, take your CT cash to your local Canadian Tire store and a cashier will transfer the currency to your virtual wallet.
Of course, before you do head to your nearest store to exchange your 5 cents, 10 cents, 25 cents, 50 cents and $1 coupons for their digital alternative, don't forget to double-check their worth online – or head to the Canadian Tire Coupon Collectors Club Facebook page for a bit of friendly advice first.
After all, you never know – you could be sitting on a mini gold mine!
This article has been updated since it was originally published in July 2023.
This article's cover image was used for illustrative purposes only.
