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5 Cents - Canadian Tire 'Money'

Issuer Canadian Tire Corporation, Limited
Year 1987-1989
Type Vouchers
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Obverse description Intaglio-style vignette of "Sandy McTire", the kilted Scottish mascot of Canadian Tire, at left, rendered in fine engraved linework. The Canadian Tire triangular logo appears at centre, flanked by denomination numerals in each corner within guilloche rosettes. Two facsimile signatures of the Treasurer and President appear at lower centre.
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Reverse description Printed in green on cream paper with an intricate guilloche underprint throughout. The Canadian Tire triangular logo is centred, flanked by bold 5¢ denomination figures within lathe-work rosettes. Serial number printed in red at upper left and upper right. Bilingual redemption conditions appear in two columns at lower centre.
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Canadian Tire "money" occupies a legal grey area that has fascinated notaphilists for decades — it is not currency in any statutory sense, but Canadian Tire Corporation has consistently designed and produced it as though it were, commissioning the Canadian Bank Note Company, the same firm responsible for genuine Dominion and Bank of Canada issues. That choice was deliberate: the security printing pedigree made counterfeiting the coupons economically irrational relative to their face value.

The 1987–1989 series introduced machine-readable features and tightened the redemption terms, partly in response to a secondary market that had grown well beyond the company's original intent — by the 1980s, some small independent retailers were accepting the coupons as de facto tender.

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