The 1979 Canadian $20 bill, featuring the portrait of Queen Elizabeth II, holds a special place in numismatics and for collectors of Canadian currency. This particular bill, with its distinctive design and historical significance, remains a sought-after item among enthusiasts. This article delves into the details of this iconic bill, exploring its features, variations, and value in the current market. Understanding its key characteristics will help collectors identify authentic bills and determine their potential worth.
The 1979 Canadian $20 Bill: A Closer Look
The 1979 $20 bill was a significant piece of Canadian currency, marking a transition in design and material. It transitioned away from the traditional paper-based notes towards polymer bills, which were more durable and resistant to wear and tear. This specific bill features the portrait of Queen Elizabeth II on the front and a representation of Parliament Hill in Ottawa on the back. The design also incorporates the signature of the then-Minister of Finance, Jean Chrétien.
Design Elements of the 1979 $20 Bill
- Front: Queen Elizabeth II's portrait dominates the front of the bill. This is a key feature of the bill and is often the first point of reference for collectors. The portrait is placed within a circular border, with the denomination "Twenty Dollars" and "Vingt Dollars" printed at the top of the bill. The Bank of Canada symbol, a stylized maple leaf, is displayed on the left side.
- Back: The back of the bill showcases Parliament Hill in Ottawa, a symbol of Canadian democracy. The building is depicted in a detailed illustration, and the text "Parliament Hill" appears above the image. The word "Canada" is prominently displayed at the top of the bill, with the year "1979" featured at the bottom.
Variations in the 1979 Canadian $20 Bill
Collectors are particularly interested in identifying variations within the 1979 $20 bill. While the primary design remains consistent, some subtle variations can impact the value of a bill. These include:
- Serial Number Prefixes: The 1979 $20 bill features a serial number beginning with the letter "C" for bills printed in Canada. The serial number prefix "C" and the unique combination of numbers following the prefix can further distinguish the bill and potentially impact its value.
- Signature: Jean Chrétien's signature as Minister of Finance, while consistent in design, can have slight variations in ink colour and stroke thickness. These variations, though subtle, are observed by experienced collectors.
The Value of a 1979 Canadian $20 Bill
The value of a 1979 Canadian $20 bill can vary depending on its condition, serial number, and any unique characteristics it might possess.
- Condition: Bills in uncirculated condition, meaning they have not been used in circulation and show no signs of wear or tear, are generally more valuable.
- Serial Number: Bills with unique serial numbers, such as those with consecutive numbers, low numbers, or repeating numbers, tend to be sought after by collectors and therefore command a higher price.
- Other Factors: Any significant variations in the bill, such as a misprint or a rare combination of features, can substantially increase its value.
Where to Find and Sell a 1979 Canadian $20 Bill
Collectors can find the 1979 Canadian $20 bill at coin and currency shops, online marketplaces, and at auctions. It is important to note that when purchasing from online platforms, it's crucial to work with reputable sellers and authenticate the bills.
When selling a 1979 $20 bill, it's recommended to seek professional appraisal to determine its value accurately. You can contact reputable numismatic dealers or auction houses to get a fair assessment of its worth.
Tips for Collecting the 1979 Canadian $20 Bill
Here are a few tips for collecting the 1979 Canadian $20 bill:
- Start with Research: Educate yourself on the different variations and factors that contribute to the value of the bill. This will help you make informed decisions when purchasing or selling.
- Establish a Budget: Collecting can be a rewarding hobby, but it's important to set a budget and stick to it. Be aware of the potential costs and prioritize items within your financial constraints.
- Authenticity is Key: When purchasing, always seek authentication. If unsure, consult an expert or a trusted dealer. Authenticating the bill ensures you are acquiring a genuine item.
- Protect Your Collection: Store your collection properly to prevent damage. Use archival-quality materials to preserve the bills and maintain their value.
Conclusion
The 1979 Canadian $20 bill is a fascinating piece of numismatic history, reflecting a transition in Canadian currency. Understanding the design, variations, and factors affecting its value can be a rewarding experience for collectors. As a collectible item, it offers a glimpse into Canada's past and a potential investment for the future. Remember to stay informed, collect responsibly, and protect your investment. This approach will ensure that your collection of 1979 Canadian $20 bills remains a cherished part of your numismatic journey.
