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Thread: TD Bank-----Coin Reject Question

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  1. #1
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting

    TD Bank-----Coin Reject Question

    I was off to my local TD bank today, when I saw the "Greeter" opening up the penny arcade machine. Out of curiosity, I went over and looked at the inside. She took out some bags, and one of them was obviously full of reject coins. Most were foreign, and I easily noticed there were 4 silver rosies in there. So I politely asked, "Can I have the rejects? I collect the foreigns and stuff." She said "No, we send those to our coin distributer." This instantly popped a lot of questions in my mind. What would BRINKS or whoever supplies TD, want to have a bunch of junk foreign? Also, I have heard stories where people have asked for the rejects and gotten them all from the machine. What's going on? How can Brinks have the time to sort out the foreign from silver when TD sends them these bags?
    No silver rosies today...

  2. #2
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,814
    632 times
    Coin Roll Hunting
    That's what they just say, like "We don't have any halves" when there are some. Try a different bank if you want rejects.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

  3. #3
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting
    Quote Originally Posted by sagittarius98 View Post
    That's what they just say, like "We don't have any halves" when there are some. Try a different bank if you want rejects.
    Thanks, I appreciate it! I'll try going to different banks around town.

  4. #4
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
    7,249
    1256 times
    All Types Of Treasure Hunting
    they dont have to give them to you, but they usually give them to me, it depends on the teller and bank policy. get to know the teller and they will give them to you every time you walk in!
    HH
    BuffaloBoy

  5. #5
    us
    Apr 2012
    East Coast
    728
    130 times
    US Coins
    Sounds like a bold faced lie. The associate probably did not want to deal with you.

  6. #6
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting
    Thanks for the responses guys! It really helped a lot. Next time I'll go to a new TD bank, and ask them what they do with their rejects.

  7. #7
    us
    Mar 2012
    The Constitution State
    Garrett Ace 350 Tesoro Sand Shark Bounty Hunter Fast Tracker
    286
    151 times
    All Types Of Treasure Hunting
    I spoke with a CSR at a TD Bank by me. They said they take all the foreign coin they get in general and stash it in a bucket in the vault. Periodically they send it in to be counted & the currency exchanged. Apparently some account of theirs is credited (probably the bag counts account). Not sure if it is with the coin carriers or their own corporate. They said the process takes a long time to be reconciled internally, like a month or two.

    I just reach a few fingers into that tube and scoop out whatever is in there. They are basically ripping off their customers by not properly returning their coins...not to mention if that tube isn't angled right, it eats up my rejects too! I just grab em out, and whatever else is in there. Usually the shortages from Penny equals the coins I get out of there. Haven't found any silver yet though!

  8. #8
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
    7,249
    1256 times
    All Types Of Treasure Hunting
    this is why I ALWAYS fill the coin bag, see what goodies are in that reject tube!
    Quote Originally Posted by jonathanmilon View Post
    I spoke with a CSR at a TD Bank by me. They said they take all the foreign coin they get in general and stash it in a bucket in the vault. Periodically they send it in to be counted & the currency exchanged. Apparently some account of theirs is credited (probably the bag counts account). Not sure if it is with the coin carriers or their own corporate. They said the process takes a long time to be reconciled internally, like a month or two.

    I just reach a few fingers into that tube and scoop out whatever is in there. They are basically ripping off their customers by not properly returning their coins...not to mention if that tube isn't angled right, it eats up my rejects too! I just grab em out, and whatever else is in there. Usually the shortages from Penny equals the coins I get out of there. Haven't found any silver yet though!
    HH
    BuffaloBoy

  9. #9
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting
    Quote Originally Posted by jonathanmilon View Post
    I spoke with a CSR at a TD Bank by me. They said they take all the foreign coin they get in general and stash it in a bucket in the vault. Periodically they send it in to be counted & the currency exchanged. Apparently some account of theirs is credited (probably the bag counts account). Not sure if it is with the coin carriers or their own corporate. They said the process takes a long time to be reconciled internally, like a month or two.

    I just reach a few fingers into that tube and scoop out whatever is in there. They are basically ripping off their customers by not properly returning their coins...not to mention if that tube isn't angled right, it eats up my rejects too! I just grab em out, and whatever else is in there. Usually the shortages from Penny equals the coins I get out of there. Haven't found any silver yet though!
    Thank you so much! That whole process at TD will help a lot of people searching for silver. I have found a few silvers in the rejects. A tip is to go to TD banks that are located in highly residential areas and avenues that are most frequently used (for example, I use a TD on broadway and it seems to be the biggest producer of good rejects). Anyway, thanks all for the info. Good luck to all!

  10. #10
    us
    Aug 2011
    1,871
    808 times
    All Types Of Treasure Hunting
    I have talked to ??50 td workers and they all say the same thing the funny money gets sent out! One bank teller told me not to take the funny money!! I allways take it. I got a hand full to day i only did i dump!!

  11. #11
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting
    Usually I go in depositing my nickels, then reach in the reject tube for the rejects as if they were mine.

  12. #12
    us
    Dec 2011
    one of the 13 colonies
    140
    10 times
    roll search
    The story about collecting foreign coins and sending them out for credit is probably accurate. After all, TD is a canadian bank and a lot of the coins that get sorted out either through the magnets or reject shoot is canadian and Euros. Each branch is different , though. I have had one branch manager tell me I was stealing from them by taking the coins (She did not have any problem with the bank "stealing" the coins from their customers). I have had others that have pulled out a pile of rejects stuck in the shoot and hand them to me.

  13. #13
    us
    Poet—Traveler—Soldier of Fortune

    Mar 2012
    Pennsy
    1,000
    441 times
    All Types Of Treasure Hunting
    Quote Originally Posted by SilverMan86 View Post
    Usually I go in depositing my nickels, then reach in the reject tube for the rejects as if they were mine.
    Same here. The pitch of that tube is so shallow tons of coins gets stuck in there. Half the time, that's why I do so good with reject tray finds -- I get my hand as far up that reject tube as I can.
    Coffee's for closers only.

  14. #14
    us
    Dec 2011
    one of the 13 colonies
    140
    10 times
    roll search
    The newer generation of machines at TD are not as generous. Coins drop directly into the reject bin from the hopper. No more low angle tube to get caught in.

  15. #15
    us
    May 2012
    NYC
    Garrett Ace 250
    20
    Metal Detecting
    Quote Originally Posted by midntmn View Post
    The newer generation of machines at TD are not as generous. Coins drop directly into the reject bin from the hopper. No more low angle tube to get caught in.
    Hopefully my TD won't upgrade for a while...

 

 
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