Radiocarbon (14C) is a key tracer for detecting the mobilization of previously stored terrestrial organic carbon (C) into aquatic systems. Old C (>1,000 years BP) may be "masked" by postbomb C (fixed from the atmosphere post-1950 CE), potentially rendering bulk aquatic dissolved organic C (DOC) 14C measurements insensitive to old C. We collected DOC with a modern 14C signature from a temperate Scottish peatland stream and decomposed it to produce CO2 under simulated natural conditions over 140 days. We measured the 14C of both DOC and CO2 at seven time points and found that while DOC remained close to modern in age, the resultant CO2 progressively increased in age up to 2,356 ± 767 years BP. The results of this experiment demonstrate that the bulk DO14C pool can hide the presence of old C within peatland stream DOC export, demonstrating that bulk DO14C measurements can be an insensitive indicator of peatland disturbance. Our experiment also demonstrates that this old C component is biologically and photochemically available for conversion to the greenhouse gas CO2, and as such, bulk DO14C measurements do not reflect the 14C signature of the labile organic C pool exported by inland water systems more broadly. Moreover, our experiment suggests that old C may be an important component of CO2 emissions to the atmosphere from peatland aquatic systems, with implications for tracing and modeling interactions between the hydrological and terrestrial C cycles.