May 09, 2012, 03:55 PM
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...
May 09, 2012, 04:29 PM
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.
May 09, 2012, 04:42 PM
Thanks, I appreciate it! I'll try going to different banks around town.
Originally Posted by sagittarius98
May 09, 2012, 04:48 PM
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!
May 09, 2012, 04:48 PM
Sounds like a bold faced lie. The associate probably did not want to deal with you.
May 09, 2012, 04:54 PM
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.
May 09, 2012, 07:16 PM
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!
May 09, 2012, 07:19 PM
this is why I ALWAYS fill the coin bag, see what goodies are in that reject tube!
Originally Posted by jonathanmilon
May 09, 2012, 07:20 PM
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!
Originally Posted by jonathanmilon
May 09, 2012, 08:20 PM
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!!
May 09, 2012, 08:29 PM
Usually I go in depositing my nickels, then reach in the reject tube for the rejects as if they were mine.
May 09, 2012, 09:49 PM
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.
May 10, 2012, 08:58 AM
Poet—Traveler—Soldier of Fortune
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.
Originally Posted by SilverMan86
'Cause I be kickin' the real while they be losin' the race tryin' to chase mass appeal.
May 10, 2012, 01:57 PM
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.
May 10, 2012, 05:12 PM
Hopefully my TD won't upgrade for a while...
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