IM SO MADDDD!!!!!

[D1MES_101]

i love you TD Bank - but i also hate you so much!!! i had a dime bag change and the guy pulled out the tray - well what do ya know, TD Bank culls out the magnetic foreign coins that enters the machine. I ask the guy what he does with them and he says "we send them back to our supplier TO BE MELTED" I asked if i can have em' because i collect em' and starts going on giving me some bull.

Why do they do this? those are our foreign coins and we are entitled to them going in the reject tube - they don't even credit it!

 

[D1MES_101]

Opps! sorry for "shouting" in the title. How do i change the title so that it dosent show up like that.

 

[ArkieBassMan]

i love you TD Bank - but i also hate you so much!!! i had a dime bag change and the guy pulled out the tray - well what do ya know, TD Bank culls out the magnetic foreign coins that enters the machine. I ask the guy what he does with them and he says "we send them back to our supplier TO BE MELTED" I asked if i can have em' because i collect em' and starts going on giving me some bull.

Why do they do this? those are our foreign coins and we are entitled to them going in the reject tube - they don't even credit it!

Sorry, but no. If you put foreign coins into the counter, then you tried to commit fraud. They are not legal currency here in the U.S. and by trying to "fool" the machine, you attempted to steal from the bank. It would be no different than putting a slug, car wash token, guitar pick or anything else in there hoping to get cash for it. While you might have some claim to your own rejected foreign coins, since you tried to steal from the bank I don't believe that I would push the issue.

If you didn't put the foreign coins into the machine, then they were never yours in the first place.

Some banks do indeed send them to a central location to be sold. (I believe I have read that ~$3 per pound is the going rate) Some banks will give them to you if you ask. Some banks will not give them out only to just throw them in the garbage for fear of showing favoritism to certain customers over others. All you can do is ask. If they give them to you, then great. If not, then thats fine too. You certainly aren't entitled to them.

 

[D1MES_101]

Sorry, but no. If you put foreign coins into the counter, then you tried to commit fraud. They are not legal currency here in the U.S. and by trying to "fool" the machine, you attempted to steal from the bank. It would be no different than putting a slug, car wash token, guitar pick or anything else in there hoping to get cash for it. While you might have some claim to your own rejected foreign coins, since you tried to steal from the bank I don't believe that I would push the issue.

If you didn't put the foreign coins into the machine, then they were never yours in the first place.

Some banks do indeed send them to a central location to be sold. (I believe I have read that ~$3 per pound is the going rate) Some banks will give them to you if you ask. Some banks will not give them out only to just throw them in the garbage for fear of showing favoritism to certain customers over others. All you can do is ask. If they give them to you, then great. If not, then thats fine too. You certainly aren't entitled to them.

but why do they have to take it? why dosent it go in the return slot like it is suppose to?

 

[FormerTeller]

Sorry, but no. If you put foreign coins into the counter, then you tried to commit fraud. They are not legal currency here in the U.S. and by trying to "fool" the machine, you attempted to steal from the bank. It would be no different than putting a slug, car wash token, guitar pick or anything else in there hoping to get cash for it. While you might have some claim to your own rejected foreign coins, since you tried to steal from the bank I don't believe that I would push the issue.

Arkie, I value your knowledge and opinions, and I rarely disagree with you, but you are dead wrong on this. Fraud can only be committed by intent. In criminal law it is defined as an intentional deception made for personal gain. If you dump a jar of coins in to be counted, and there were foreign coins in the jar, if they are not credited as US coinage the bank is legally obligated to return them to you. It would be no different if you made a deposit with the teller and gave her a wad of currency; she would allow you to deposit the US bills, and would return the foreign bills - not keep them, not send them off to be sold or destroyed.

If you are intentionally attempting to pass off foreign as US coins, that is another story...

 

[mercury1]

Sorry, but no. If you put foreign coins into the counter, then you tried to commit fraud. They are not legal currency here in the U.S. and by trying to "fool" the machine, you attempted to steal from the bank. It would be no different than putting a slug, car wash token, guitar pick or anything else in there hoping to get cash for it. While you might have some claim to your own rejected foreign coins, since you tried to steal from the bank I don't believe that I would push the issue.

If you didn't put the foreign coins into the machine, then they were never yours in the first place.

Some banks do indeed send them to a central location to be sold. (I believe I have read that ~$3 per pound is the going rate) Some banks will give them to you if you ask. Some banks will not give them out only to just throw them in the garbage for fear of showing favoritism to certain customers over others. All you can do is ask. If they give them to you, then great. If not, then thats fine too. You certainly aren't entitled to them.

Arkie, I have to disagree, at least to a point, about the op wanting to commit fraud on the bank. I go to my pick up bank and get boxes of coin. It's supposed to be us coin but it's common to get the funny money. We accept this as the cost of crh but it just bothers me that banks don't want the funny money but have no problem with their customers receiving it in boxes and rolls. I also have a problem with bank coin counters that steal funny money from people by trapping it inside the machine on the magnet. If a coin is not accepted by a machine as us currency, said coin should be spit out. As a coin hunter, I know what I'm dumping, but someone who just throws their change in a jar and cashes out periodically doesn't necessarily know they have a few Canadian mixed in and could spend them at a store if the machine gave them back. Jmho. HH

 

[fistfulladirt]

LOL, I never get just a few Canadians in my boxes, I'm talking about 50-100 Canadians per box, almost every box.

 

[ArkieBassMan]

Arkie, I value your knowledge and opinions, and I rarely disagree with you, but you are dead wrong on this. Fraud can only be committed by intent. In criminal law it is defined as an intentional deception made for personal gain. If you dump a jar of coins in to be counted, and there were foreign coins in the jar, if they are not credited as US coinage the bank is legally obligated to return them to you. It would be no different if you made a deposit with the teller and gave her a wad of currency; she would allow you to deposit the US bills, and would return the foreign bills - not keep them, not send them off to be sold or destroyed.

If you are intentionally attempting to pass off foreign as US coins, that is another story...

I agree that there is a huge difference between intentionally and unintentionally trying to run foreign coins/objects through the coin counter. However, we are CRHers and this is the CRH forum. We know what we're putting into the machine. If the original poster tried to run foreign coins through the machine, then he tried to steal from the bank. If he didn't, then none of the foreign coins were ever his to begin with and he has no claim to them whatsoever.

 

[mercury1]

LOL, I never get just a few Canadians in my boxes, I'm talking about 50-100 Canadians per box, almost every box.

What are you searching? I get a lot of Canadian cents but dimes it's usually between 0 and 6 per box. And nickels it's only the new steel ones that are a pain and I don't see too many of those.

 

[mercury1]

I agree that there is a huge difference between intentionally and unintentionally trying to run foreign coins/objects through the coin counter. However, we are CRHers and this is the CRH forum. We know what we're putting into the machine. If the original poster tried to run foreign coins through the machine, then he tried to steal from the bank. If he didn't, then none of the foreign coins were ever his to begin with and he has no claim to them whatsoever.

But Arkie, what about the bank providing boxes and rolls to crh and business customers, which contain foreign coin? I don't like the double standard. I search nickels and find Canadian from 1982 till they switched to steel. They are same composition as us nickels and coin machines love them. I think it's perfectly fine that they go in the coin machine.

 

[ArkieBassMan]

But Arkie, what about the bank providing boxes and rolls to crh and business customers, which contain foreign coin? I don't like the double standard. I search nickels and find Canadian from 1982 till they switched to steel. They are same composition as us nickels and coin machines love them. I think it's perfectly fine that they go in the coin machine.

Its not right that we sometimes get foreign coins in our rolls, (unless its silver of course lol) but its unavoidable. I get very few, especially in MWRs here in Arkansas. Maybe if I got several like some of our more Northern contributors do, I would possibly feel differently. I look at it like this: if some lowlife steals my car, even though I have been wronged it does not give me the right to go and steal someone else's car to make up for it.


As for the bank "cheating" customers by selling rolls with a few foreign coins in them that is technically true. But, the bank was cheated by the courier. The courier was cheated by whatever bank the coins came from. That bank was cheated by whatever customer cashed them in for U.S. currency. Unless that customer brought them over from the foreign country his/herself, then they were cheated by whomever gave them the coins. It never ends. I personally choose to end the cycle by getting the foreign junk out of circulation. In the grand scheme of things it won't make a lick of difference, but I feel its just the right thing to do.

 

[ArkieBassMan]

but why do they have to take it? why dosent it go in the return slot like it is suppose to?

I dunno. One probable reason is that a magnet is likely the easiest (and maybe least expensive) way to build a coin counting machine that will "reject" a majority of non-U.S. coins. If the coin is stuck to a magnet, there is no way for it to fall into a reject chute. Most of the coin counters in my area do not even have an external reject slot.

 

[mercury1]

Its not right that we sometimes get foreign coins in our rolls, (unless its silver of course lol) but its unavoidable. I get very few, especially in MWRs here in Arkansas. Maybe if I got several like some of our more Northern contributors do, I would feel differently. I look at it like this: if some lowlife steals my car, even though I have been wronged it does not give me the right to go and steal someone else's car to make up for it.

As for the bank "cheating" customers by selling rolls with a few foreign coins in them that is technically true. But, the bank was cheated by the courier. The courier was cheated by whatever bank the coins came from. That bank was cheated by whatever customer cashed them in for U.S. currency. Unless that customer brought them over from the foreign country his/herself, then they were cheated by whomever gave them the coins. It never ends. I personally choose to end the cycle by getting the foreign junk out of circulation. In the grand scheme of things it won't make a lick of difference, but I feel its just the right thing to do.

Arkie, I guess I see where you're coming from, living far from Canada. Up here in upstate ny, Canadian coin circulates. Just a consequence of being so close and all the cross boarder traffic. For myself, I look at the Canadian coin differently then other foreign coin as there is way more Canadian then any other country. I can throw the non Canadian in a jar and it builds up so slowly it's not a problem. If I saved all the Canadian I would accumulate a lot, so I release back into the wild. The way our government is so irresponsible about debt and printing money though makes me think that soon Canadian coin will become increasingly more valuable then us coin and worth keeping. Come fall, I'm hoping for change.
HH

 

[ArkieBassMan]

Arkie, I guess I see where you're coming from, living far from Canada. Up here in upstate ny, Canadian coin circulates. Just a consequence of being so close and all the cross boarder traffic. For myself, I look at the Canadian coin differently then other foreign coin as there is way more Canadian then any other country. I can throw the non Canadian in a jar and it builds up so slowly it's not a problem. If I saved all the Canadian I would accumulate a lot, so I release back into the wild. The way our government is so irresponsible about debt and printing money though makes me think that soon Canadian coin will become increasingly more valuable then us coin and worth keeping. Come fall, I'm hoping for change.
HH

I had no intentions of hijacking this post. I just merely wanted to state that in my opinion the original poster had no claim to the foreign coins trapped inside the coin counter he was using. I do enjoy the discussion though.

If Canadian coin is widely accepted where you are, then that would change my viewpoint entirely. By widely accepted, I mean that merchants knowingly accept the Canadian coinage just as though it was from the U.S.. For example, if my bill was $5 and I plopped 20 Canadian quarters on the counter then it would be accepted as payment. If I had to "hide" a few Canadians in amongst some U.S. coins to try and "sneak" them through, then I would personally feel as though I'm cheating them.

 

[mercury1]

Well 20 Canadian quarters would most likely not be accepted but to give or receive one in a transaction would be a common occurrence. I guess they circulate within reason. I don't have any problem dealing with the Canadian and some of it is worth keeping. I've got 7 silver dimes, 1 silver dollar, couple rolls of pure nickel nickels and lots of copper cents. Also didn't mean to be a hijacker but it has been an interesting thread for me.

 

[ArkieBassMan]

Again, I fully admit my viewpoint would possibly be much different if I lived where you do. For reference, I haven't received any type of foreign coin in my own pocket change in so many years I couldn't tell you how long its been. I would guess over 20. I've searched about 45 boxes of dimes lifetime and found maybe 5 Canadian (no silver unfortunately). About 25 boxes of cents and the same number of nickels has produced maybe 20 foreign each. MANY thousands of dollars worth of halves has produced maybe 40 foreign coins (1 silver 1960 Canadian half). If those numbers represented hundreds of dollars out of my pocket I very well might see things a lot differently.

 

[D1MES_101]

What are you searching? I get a lot of Canadian cents but dimes it's usually between 0 and 6 per box. And nickels it's only the new steel ones that are a pain and I don't see too many of those.

I very rarely find canadian dimes!!!!! i think the more the banks cull, the harder they are to find! i only found about maybe, 2 or 4 canadian dimes and one of them was a 62' 80% silver!

 

[Wickaboag]

I very rarely find canadian dimes!!!!! i think the more the banks cull, the harder they are to find! i only found about maybe, 2 or 4 canadian dimes and one of them was a 62' 80% silver!

Ive done two boxes of dimes, and one had a 80% canadian, and a MWR had a 50% canadian. :l Use this information at your own risk
Wicka