US coins? | General financial discussion | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
September 22, 2015
4:57 pm
JustMe
Member
Banned
Forum Posts: 160
Member Since:
August 28, 2013
sp_UserOfflineSmall Offline

Question for folks in Toronto/GTA.

Is there any place I can exchange my US coins for US paper money so I could deposit them?
We are talking about few bucks. And no, I am not going to go to USA anytime soon... I was thinking to ask tourists but they might suspect that as beggars' trick and yell Robberyyyyyy

September 22, 2015
6:23 pm
Loonie
Member
Members
Forum Posts: 9396
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

I'd like to know the answer to that too. I just found a stash of them the other day while cleaning up. I don't think the banks will take them.
Perhaps make a trade with friends or relatives who are going to the US?

L.

September 22, 2015
8:12 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 3144
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline

They work in some vending machines, parking meters, etc.

FWIW, when I travel to the USA and am about to come back, for example, before boarding a flight, I go to a vendor in the airport and swap them for paper money to the extent I can. Or I buy a confection, and dump the remainder in a donation box of some sort at a cashier.

September 23, 2015
12:01 pm
Koogie
Member
Members
Forum Posts: 335
Member Since:
November 19, 2014
sp_UserOfflineSmall Offline

Per this, TD will take them off your hands.. HOWEVER, it is at par.. sf-wink

Probably best to doublecheck before you roll up to your local branch with a barrel full of them...

"""Dear TD,
I have the same question: I have USD coins and an USD chequing account. I want to know if I can deposit USD coins into the chequing account in branch.
This answer says "No" I cannot. But there is another answer that says "Yes". (from Elijah D, Dec 30, 2013).
Can you confirm what is the current policy regarding USD coins? (and if yes, do they have to be rolled? are there any min or max limits?)
259 Views | 0 people recommended this | Recommend
======
Reply / Expert / Andrew C / from TD London
Oct 20, 2014 at 02:10 PM EST
Thanks for joining the conversation, Josh.

I'm happy to clarify this. You can deposit US coins into your TD Canada Trust account, although they will be treated as Canadian currency. If you do not want to lose out on an advantageous exchange rate, you may want to consider visiting a Foreign Currency Exchange service in your city.

There is no maximum limit for coin deposits, but they will need to be rolled in order for us to be able to complete the deposit.

If you have any other questions, please let me know. Have a great day, Josh!
Information provided is current at the time posted. Please confirm with your local branch/EasyLine/EasyWeb at time of transaction.""

September 23, 2015
1:20 pm
Loonie
Member
Members
Forum Posts: 9396
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Thanks for the report, Koogie.
If it's just a matter of getting them off our hands, merchants are generally happy to accept them at par! Cashiers will often pick out the US currency and exchange it from their own wallets. So, TD would be doing us no favours - and I wouldn't be surprised if they have figured out a way to "cash in" on the profit. They have to do SOMETHING with it, as they can't hand it out to customers as Cdn.
I just heard on TV that TD has more branches in the US than in Canada!

Has anyone ever inquired at a currency exchange business, or perhaps a coin collector?

September 23, 2015
3:52 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

I'm going to Vegas on Sunday. Any one want my address to courier your coins to.

September 23, 2015
5:50 pm
Loonie
Member
Members
Forum Posts: 9396
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

kanaka said

I'm going to Vegas on Sunday. Any one want my address to courier your coins to.

Sure!

I'll be expecting my share of the proceeds, of course. I'm sure you wouldn't be playing if you weren't planning on winning!sf-wink

September 25, 2015
4:12 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

Lol. Here is how it works. Enjoy the sun by the pool, enjoy the sights and shows on the strip. Gamble my $5, loose it. And repeat to enjoy the sun by the pool, enjoy the sights and shows on the strip.

September 25, 2015
6:24 pm
JustMe
Member
Banned
Forum Posts: 160
Member Since:
August 28, 2013
sp_UserOfflineSmall Offline

I found exchange office at Yonge St. which exchanges coins, but only $1USD, for paper money. WOW. Now I can deposit $1...

September 25, 2015
8:25 pm
Loonie
Member
Members
Forum Posts: 9396
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

JustMe said

I found exchange office at Yonge St. which exchanges coins, but only $1USD, for paper money. WOW. Now I can deposit $1...

So, if you happen to live or work downtown, you can go in once a week until you've cashed in all your spare change? Definitely not worth the TTC fare!

Obviously they don't really want to be bothered.sf-frown

September 26, 2015
8:12 am
Yatti420
Canada
Member
Members
Forum Posts: 415
Member Since:
July 10, 2011
sp_UserOfflineSmall Offline

I've been looking for the answer to this question for along time.. Nobody I know will take USD coins at USD value.. Even exchange places don't want em :(.. There use to be a place I think locally where I live that would roll your coins for you but that was it..

September 26, 2015
3:20 pm
JustMe
Member
Banned
Forum Posts: 160
Member Since:
August 28, 2013
sp_UserOfflineSmall Offline

Loonie said

JustMe said

I found exchange office at Yonge St. which exchanges coins, but only $1USD, for paper money. WOW. Now I can deposit $1...

So, if you happen to live or work downtown, you can go in once a week until you've cashed in all your spare change? Definitely not worth the TTC fare!

Obviously they don't really want to be bothered.sf-frown

If you happen to have to be in downtown then you have to be there anyway so no extra fare is required.
They told me that it cost them more to ship US coins than it is worth. Probably it goes by weight???
Do not forget, ONLY $1 coins are accepted. 5, 10, 25 cents - no. I will start stalking US tourists to give me paper money...sf-surprised

Please write your comments in the forum.