![]() ![]() However, you don’t need to throw the banknote out, frame it as “worthless” currency, or go bank to bank like the Ontario man did. The Canadian 1000 bill is NOT legal tender, but It still holds valueĭid you know that no Canadian 1000 bill in circulation is legal tender? If you didn’t know this, you’re not alone, as an Ontario man found out in 2020.Īlthough Canadian 1000 dollar bills were printed up to the year 2000, you cannot exchange a Canadian 1000 dollar bill for goods or at a bank, regardless of the series or when it was printed. If you possessed a Canadian 1000 dollar bill in 1935, security was something you possessed that many Canadians, then and now, only dream of. What was the value of one Canadian 1000 dollar bill in 1935 compared to 2022? After adjusting for inflation, $1000 in 1935 is worth $21,068.49 in 2022. The unemployment rate was over 12% nationally and remained above that number until World War II began.ĭid you know that if you possessed a Canadian 1000 dollar bill in 1935, you had THE definition of security? According to, the average annual salary in 1935 was $471, while high-earners made $1,070 annually. ![]() In 1935, much of North America struggled through the Great Depression, including Prairie farmers, who suffered through “The Dust Bowl” like their American counterparts. Security Indeed: the value of a Canadian 1000 dollar bill in 1935 Laurier will finish his time as a portrait on Canadian banknotes, as he will soon be replaced on the Canadian 5-dollar bill by another extraordinary Canadian nominated by Canadian citizens.Īn allegorical engraving of “security” was the engraving image chosen for the obverse of the “First Series” Canadian 1000 dollar bill. While Sir Wilfred Laurier started his banknote journey as the portrait on the Canadian 1000 dollar bill before eventually finding his way onto the Canadian 5 dollar bill. MacDonald’s portrait was initially used on the Canadian 500 dollar bill. But if you were fortunate enough to actually possess one of the largest denominations of banknotes in 1935, you were greeted by one of two non-royal family portraits of famous Canadians.Ĭanada’s problematic first Prime Minster, Sir John A. The Bank of Canada’s “First Series” was only issued for two years, 1935-37. ![]() Did you know that there was a Canadian 500 dollar bill?Īs you are likely well aware from reading our Canadian bank note series, Canadian currency and banknotes are constantly in flux and not solely through exchange rates. The Bank of Canada’s “First Series” features a cast of Royal faces for the portraits on the Victorian-era inspired banknotes on all but two of the banknotes: the Canadian 1000 dollar bill and the short-lived Canadian 500 dollar bill.
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