Can currency exchanges accept large amounts of coins?

Hello, I am wondering if any currency exchanges can accept large amounts of coins? I collect Canadian coins from pocket change and coin roll hunting. Are currency exchanges able to accept large amounts of coins? Maybe like $500 or more on Canadian coins?

Comments

  • 1960NYGiants1960NYGiants Posts: 2,940 ✭✭✭

    No, only a handful (less than $100) - you'll have to take it to a Coinstar type machine. Most banks don't have a coin counter anymore due to a recent scandal for skimming.

    Gene

    Life member #369 of the Royal Canadian Numismatic Association
    Member of Canadian Association of Token Collectors

    Collector of:
    Canadian coins and pre-confederation tokens
    Darkside proof/mint sets dated 1960
    My Ebay
  • ElmhurstElmhurst Posts: 330 ✭✭✭

    I assume you are in US, and no, banks in US don't take Canadian coins, and I doubt any exchange will either. You need to go to Canada to spend or exchange them. I'm in US south of Vancouver , so I buy up the CA change at coin shops, and bring to Van. I spend it there, and the hotel I stay at will take a lot of it (in rolls) if I put it towards the bill.

    Anschrift Ungenugend
  • Yes I am in the US, I'm in the Northeast so the nearest major city in Canada is Montreal for me.

  • bronco2078bronco2078 Posts: 5,391 ✭✭✭✭✭

    what was the name of the place that buys all sorts of foreign coin? I remember someone asking because they had a lot of pre euro german coin that is still redeemable and someone posted a link

  • ajaanajaan Posts: 15,006 ✭✭✭✭

    I will buy Canadian change. PM me.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • Thanks for your offer Ajaan, but I'm not intrested. I'd rather be going to Canada to turn them in and get Canadian money out.

  • ajaanajaan Posts: 15,006 ✭✭✭✭

    @Elmhurst said:
    I assume you are in US, and no, banks in US don't take Canadian coins, and I doubt any exchange will either. You need to go to Canada to spend or exchange them. I'm in US south of Vancouver , so I buy up the CA change at coin shops, and bring to Van. I spend it there, and the hotel I stay at will take a lot of it (in rolls) if I put it towards the bill.

    Do you need a Canadian bank account to exchange a large amount of Canadian change?


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • SaorAlbaSaorAlba Posts: 5,532 ✭✭✭✭

    I save mine up for awhile and then sell them on the BST - except the loonies and twoonies - those I'll spend next month on my long layover in Vancouver.

    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016
  • Timbuk3Timbuk3 Posts: 6,554 ✭✭✭✭✭

    Interesting discussion, thanks !!! :)

    Timbuk3
  • 1960NYGiants1960NYGiants Posts: 2,940 ✭✭✭

    @ajaan said:

    Do you need a Canadian bank account to exchange a large amount of Canadian change?

    No. In fact most Canadian banks no longer have a coin counting machine due to a scandal at TD Bank a few years ago regarding skimming. I bring them to one of the grocery stores - pay the 8% fee - and carry on.

    Gene

    Life member #369 of the Royal Canadian Numismatic Association
    Member of Canadian Association of Token Collectors

    Collector of:
    Canadian coins and pre-confederation tokens
    Darkside proof/mint sets dated 1960
    My Ebay
  • bronco2078bronco2078 Posts: 5,391 ✭✭✭✭✭

    There are TD banks down here in Mass . They are even worse than Santander .

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