Canadian coins??

[chager]

We just found a small container of Canadian coins. Looks like mostly quarters from a quick look. I know alot places around here won't accept them for whatever reasons. Any ideas on how to get them exchanged that does not involve travelling to Canada?? If I had to guess I would say there is at least $20 maybe more (I am not the best estimator sometimes) in the container. My FIL used to travel up there often so I guess that is where they are from and he probably couldn't get anyone to take them here.

 

[jsmith]

To the best of my knowledge-and i travel a good bit-they are nice suveniours-you can exchange paper currency-but not coinage

 

[justjulie]

If there's enough to roll into an equivalent bill amount is there a reason the bank won't take them - they just have to do the cash conversion - seems odd if they won't ...

 

[MainStMandy]

Sneak them in with your regular change?? That's how I find mine!

 

[MELISAZACK]

make sure some of those "coins" are not loonies or toonies... they are worth $1 and $2 each.. smallest bill is a 5.00 up there... so you might have more than you think.

 

[chager]

make sure some of those "coins" are not loonies or toonies... they are worth $1 and $2 each.. smallest bill is a 5.00 up there... so you might have more than you think.

what are those? sounds like cartoon money!!

 

[Mr. & Mrs. Smith]

A looney is a coin worth $1. A toonie is a coin worth $2.

Just take them to any bank to exchange them. I could see them not wanting to exchange a bunch of pennies and nickels but you should have no problem with coins.

 

[merryweather20]

A looney is a coin worth $1. A toonie is a coin worth $2.

Just take them to any bank to exchange them. I could see them not wanting to exchange a bunch of pennies and nickels but you should have no problem with coins.

I've never heard of a bank exchanging foreign currency coins

I know we were always getting rid of pounds before we came home from the U.K. We have a family friend that runs a car wash just over the border. About 10% of my change is American so other people in the area likely end up with as much as me and people just throw it into his car wash machines. Since he doesn't have a bank account across the border, he takes it and pays his hotel bill with it in Michigan once a year at a conference.

 

[pr surfer]

The only banks I've ever been able to exchange CDN coins at are those close to the border, and ONLY Loonies and Toonies.

 

[Lintasare]

Most banks here in the states do not convert coinage, only paper bills. This is because when a bank converts paper money they don't keep it at the branch but have to send it off for credit to the branch funds. It's kinda hard to ship coins out.

I know Wells Fargo and Bank of America do not convert coins. And they are the two largest banks in the country. I would be surprised if a bank that is not near the Canadian border would exchange coins.

 

[Mr. & Mrs. Smith]

I know Wells Fargo and Bank of America do not convert coins. And they are the two largest banks in the country. I would be surprised if a bank that is not near the Canadian border would exchange coins.

They won't exchange coins that are worth a dollar or more? So when you are going on a trip to Canada and want to exchange your money, does it have to be in $5 denominations or higher?

I do live in a border town so maybe that's why I have never had trouble using loonies and toonies to buy American currency.

I can see why they wouldn't get into anything worth less than a dollar, though.

 

[CdnDisneyNut]

All but the 50 cent piece are in regular circulation

 

[Northstar]

Maybe try a casino, if you like gambling... bet they'll exchange coins!

 

[Lintasare]

They won't exchange coins that are worth a dollar or more? So when you are going on a trip to Canada and want to exchange your money, does it have to be in $5 denominations or higher?

I do live in a border town so maybe that's why I have never had trouble using loonies and toonies to buy American currency.

I can see why they wouldn't get into anything worth less than a dollar, though.

Most banks only exchange for paper currency due to the high cost of shipping out said currency. Even if the coin is worth a dollar or more.

Again I will say unless you do live in a border town like you said you did, you will have trouble exchanging coins unless you go to an airport that offers the services. And as far as I know the majority of American's do NOT live in border towns.

Would it be nice if banks did exchange coins? Yes it would but what you think they should do and what they actually do are two completely different things.

 

[Mr. & Mrs. Smith]

Would it be nice if banks did exchange coins? Yes it would but what you think they should do and what they actually do are two completely different things.

I really don't care one way or the other what US banks decide to do. I was saying I was surprised that they didn't deal with Canadian dollars.

 

[Lintasare]

I really don't care one way or the other what US banks decide to do. I was saying I was surprised that they didn't deal with Canadian dollars.

Why would a bank in New Mexico or California or Florida or anywhere in the midwest, mid-Atlantic or any state not on the border deal with Canadian dollars? They have no reason too.

 

[ROIE01581]

take it to Disney World and they will take it. We did it with some Uro's

 

[Mr. & Mrs. Smith]

Why would a bank in New Mexico or California or Florida or anywhere in the midwest, mid-Atlantic or any state not on the border deal with Canadian dollars? They have no reason too.

I guess for the same reason that a bank in the middle of Canada, not on the border clearly, would deal with British Pounds. Because they are a bank and they are in the money business. When I travelled to Europe, I was able to go to my local bank and get my money exchanged to any European currency my little heart desired. This isn't as strange as you might think.