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 Replies: 18 / Views: 5,078 |
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Pillar of the Community
Canada
4227 Posts |
What's everyone's experience depositing nickel dollars at a bank? I just deposited 50 without an issue. I had asked at this branch previously and they told me they didn't want them rolled, so I had them in a baggie. She said to me, "Some of these may be worth something, you know?" I said, "Not these ones." And she replied, "Oh, we have a guy that we phone and he comes and gets them." I left it at that since I know as long as they have an easy outlet, they won't care about me depositing many, many more. This is a branch of RBC.
My LCS told me the RBC near them takes them rolled, but their bank, a CIBC, won't accept them at all on deposit.
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Bedrock of the Community
Canada
10743 Posts |
Hey chequer, when I get them I usually keep them and give them to waitresses for tips....they go crazy when they see them...lol one waitress asked me if they were real...I told her yes, she said I will keep it forever!...  |
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Pillar of the Community
United States
898 Posts |
Poor soul who's going to pick them up thinking they're special. Sounds like you have a good place to dump them.
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Pillar of the Community
 Canada
5397 Posts |
No problem with getting rid of these at our TD branch. However our Credit Union will not take them or fifty cent coins and do not have to.
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Pillar of the Community
Canada
818 Posts |
I've see full dollar sets online going for 50$+. Also my LCS gives them out in change to get rid of them.
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Pillar of the Community
Canada
2845 Posts |
I deposited a bunch of ''70s and '80s nickel dollars and 50c not long ago at a CIBC. No problem whatsoever. I probably would have hung on to them but they suffered significant PCV damage from the plastic bag they'd been stored in for quite a long time. If the branch has a friendly collector they notify that person got a big disappointment.
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New Member
Canada
24 Posts |
Fine here as well in my small rural town. I think they are legal tender and so banks are obliged to accept. With such nice big fields and pure nickel I was thinking of starting a hobo Voyager series.
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Pillar of the Community
 Canada
5589 Posts |
As above, they are great for tips to waitresses and barkeeps.
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Pillar of the Community
 Canada
4227 Posts |
The tip idea is fun, but I'd have to do an awful lot of eating out! Once I'm done going through the dollars, I'll see how the banks react to my 50 cent pieces.
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Pillar of the Community
Canada
849 Posts |
My bank takes them but the last time I went in with them rolled and they unrolled and counted them so next time I will just take them in loose.
My nickel 50 cent collection is based on circulated ones (except for where they were mint issue only where I had to purchase them). Because of that I will pick a few circulated ones up from a bank from time to time to upgrade the quality of my circulated ones. I know they are only worth face value but it is worth a look through and see if I can get better quality used ones.
Edited by punman
12/24/2015 10:03 am
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Pillar of the Community
Canada
5589 Posts |
You don't need to eat out in restaurants to tip. The beer cart girls at the golf course absolutely love them and it gaurantees that they'll get to you 2-3 times each 9.
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Moderator
Canada
10458 Posts |
I deposit nickel 50c and nickel dollars in bags of $200 face value at my BMO.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
158 Posts |
No problems for me to drop off at any RBC. The smaller branches prefer if you take them to the larger branches though... They also always ask for them to be loose, not rolled, and do a full count on them. To make it easier for the tellers, I usually bag them at 50$ per bag.
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Valued Member
Canada
402 Posts |
I'm a little surprised at the comment from one poster that credit unions won't and don't have to accept them. My understanding is that halves and voyageur (as opposed to loonies are legal tender and as such have to be accepted by banks (and near banks up to $20 per transaction.
Can anyone be definitive on this?
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Valued Member
Canada
158 Posts |
No bank or credit union "has" to accept them, most do for the convenience of the client. Many locations simply don't want to deal with the hassle of uncommon coin and will ask that you take them to one of their other busier locations. Depending on the branch they typically do one of three things, call another client that's interested in them, put them in "sundries" and wait for someone to ask if they have any, or fill out the paperwork to return the coins to BoC (which people generally dislike doing).
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Pillar of the Community
Canada
4227 Posts |
Quote:
No bank or credit union "has" to accept them, most do for the convenience of the client. Many locations simply don't want to deal with the hassle of uncommon coin and will ask that you take them to one of their other busier locations. Depending on the branch they typically do one of three things, call another client that's interested in them, put them in "sundries" and wait for someone to ask if they have any, or fill out the paperwork to return the coins to BoC (which people generally dislike doing). Exactly. When I worked at the Bank of Montreal items such as this were just held (because there really weren't many of them at that time) by the tellers and eventually a customer would ask for them. There really wasn't time in anyone's day to be filling out paper work. Even when the loonie was introduced and paper ones pulled, we still had a couple thousand in crisp one dollar bills when I left the branch. |
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Replies: 18 / Views: 5,078 |
Posted 12/23/2015 6:35 pm
