The 1979 Canadian $20 bill, featuring the portrait of Queen Elizabeth II, is a sought-after piece of Canadian numismatics, particularly among collectors. Its value can fluctuate depending on its condition, rarity, and specific design variations. Understanding the factors that influence its worth can help you determine the value of your own 1979 $20 bill and whether it's a valuable addition to your collection.
Determining the Value of a 1979 Canadian $20 Bill
The value of a 1979 Canadian $20 bill is primarily determined by its condition, with uncirculated bills fetching significantly higher prices than those that have been heavily used.
Condition
The most crucial factor in determining the value of your 1979 Canadian $20 bill is its condition. Here's a breakdown of the grading system used by professional numismatists:
- Uncirculated (UNC): A bill in uncirculated condition is considered to be in perfect condition, with no signs of wear or tear. These bills are typically found in sealed packages from the bank and are highly prized by collectors.
- Excellent (EX): This grade indicates a bill that shows minimal signs of wear and tear. It may have a few minor folds or creases, but no significant damage.
- Very Fine (VF): A bill in very fine condition shows signs of moderate wear and tear. It may have more folds and creases than an excellent bill, but no major tears or stains.
- Fine (F): Bills in fine condition are moderately worn and may have significant folds, creases, and even minor tears or stains.
- Good (G): Bills in good condition are heavily worn and may have significant tears, stains, and other damage.
Rarity
While the 1979 Canadian $20 bill was printed in large quantities, certain variations and specific serial numbers can significantly increase its value.
- Serial Numbers: Specific serial numbers, like those with repeating digits or low numbers, can be highly sought after by collectors and therefore increase the bill's value.
- Design Variations: The 1979 $20 bill features several design variations, including different color combinations and subtle changes in the portrait of Queen Elizabeth II. These variations can be rare and therefore more valuable.
Specific Design Variations
Here are a few common design variations that can increase the value of a 1979 Canadian $20 bill:
- "Large Head" Portrait: Some bills feature a slightly larger portrait of Queen Elizabeth II.
- "Small Head" Portrait: Bills with a smaller portrait of Queen Elizabeth II are also considered a variation.
- Color Variations: The colors used in the bill's design can also vary slightly, leading to distinct variations.
Finding the Value of Your 1979 $20 Bill
To determine the value of your 1979 Canadian $20 bill, you can use several resources:
- Online Resources: Websites like eBay and specialized numismatic websites offer information about the value of various bills, including the 1979 Canadian $20. However, keep in mind that prices on these websites can fluctuate based on supply and demand.
- Professional Numismatists: Consult with a professional numismatist or coin dealer. They have the expertise to assess the condition and rarity of your bill and provide an accurate valuation.
Tips for Preserving Your 1979 $20 Bill
If you have a 1979 Canadian $20 bill that you would like to preserve, follow these tips:
- Handle with Care: Avoid touching the bill with bare hands, as oils from your skin can damage the paper.
- Store Properly: Store the bill in a protective sleeve or album to prevent it from getting damaged.
- Avoid Exposure: Protect the bill from excessive light and moisture, which can cause fading and damage.
Conclusion: 1979 Canadian $20 Bill Value
The value of a 1979 Canadian $20 bill can range significantly depending on its condition, rarity, and design variations. A bill in uncirculated condition with a rare serial number or design variation could be worth hundreds or even thousands of dollars. By understanding the factors that influence its worth, you can determine the value of your own 1979 $20 bill and decide whether it's a valuable addition to your collection.
