| Author |
 Replies: 30 / Views: 4,717 |
|
|
|
Pillar of the Community
 Canada
2845 Posts |
From RCM's website: Coin Recycling Recycling makes cents! The Royal Canadian Mint is committed to recycling coins. Every coin put back into circulation is one less to produce, which makes recycling an efficient, cost-effective and environmentally friendly way to provide change to the marketplace. Turn small change into found money and help the environment! Pennies, nickels, dimes. quarters, loonies, toonies. Coins add up fast, yet often lie around in jars and drawers. Instead of leaving your hidden treasure to collect dust, why not recycle your spare change? Every coin recycled is one that doesn't have to be produced - which helps to preserve the environment and reduces emissions caused by smelting and mining. <snipped> More than 67% of recycled coins are pennies Coin counting machines turn your coins into cash, faster! Take a look in your pockets, your piggy bank and your purse - and turn this small change into found money. Coin recycling is catching on throughout Canada. Keep your eyes open and change ready for a coin recycling kiosk near you! http://www.mint.ca/store/mint/learn....Vz-ef5DOerV****** Anyone ever heard of "a coin recycling kiosk"? It's certainly not "near me"! |
|
Pillar of the Community
Canada
3733 Posts |
yes they are called coin star machines, they are in every grocery store, and a lot of banks.
|
|
Pillar of the Community
Canada
2845 Posts |
Okay, thanks very much silverwolf. I hadn't realized that coin star was connected to RCM "recycling". |
|
Pillar of the Community
Canada
1046 Posts |
i visited my cent collection
looking for 2006`s & found a few
thought i`d found a 1976
minor clip will advise
|
|
Pillar of the Community
Canada
2632 Posts |
|
|
Pillar of the Community
Canada
519 Posts |
|
|
Pillar of the Community
Canada
2845 Posts |
A snip from RCM's website: Quote:
Instead of leaving your hidden treasure to collect dust, why not recycle your spare change? Every coin recycled is one that doesn't have to be produced - which helps to preserve the environment and reduces emissions caused by smelting and mining.
I have to admit as I read this, from an Alberta perspective where the topic of Carbon Tax is high profile amongst speculation that the Federal Govt will sooner or later implement something of the same. Considering pennies have been out of circulation for over three years, how many more might get immediately "recycled" if plans for a grace period prior to a future Carbon Tax being levied when cashing them in was announced? I'm not suggesting for a moment that I'm in favour of this, just that it distinctly appears we're entering a new era of taxation that on the surface is supposed to be right and noble through motivating "green" behaviour. |
|
Pillar of the Community
Canada
2632 Posts |
O-train could you please elaborate?
|
|
Pillar of the Community
Canada
519 Posts |
Quote:
O-train could you please elaborate? I exclusively use the TD coinstar machines to return my small cents after searching. So for me, the article you posted a link to is a big deal. |
|
Pillar of the Community
Canada
1984 Posts |
I have been surprised that TD does offers the machines. With the use of coins diminishing, having a machine in a branch is not saving that much teller work. Also, whatever maketing benefit they receved from it is no doubt declining as the number of cents being returned diminishes.
Get those junky cents in soon because soon they will be about as interesting to people as pre Euro (1970s/1980s) German, French and Italian coins or non-silver pre decmial British coins (which is not that interesting!!)
Try getting metal value out of 1948 to 1967 UK florins......good luck.
Edited by Smallcentguy
05/21/2016 6:25 pm
|
|
Pillar of the Community
Canada
2632 Posts |
O-train I only tried a coinstar one time and it short changed me on top of the fee. Your right there are quite a few people on this forum that I have read who use them...hindsight maybe I should have started a new thread. If you just need a machine for counting then there are these. But wont do you any good for cashing in.  http://www.cumminsallison.ca/ca/en/...jetsort-1000 |
|
Pillar of the Community
710 Posts |
There are Coinstar machines sprinkled about at other retailers and malls. The ones that I have seen deduct a percentage of the total amount as the fee. Personally it makes more sense to deposit at the bank.  |
|
Pillar of the Community
Canada
519 Posts |
I appreciate you posting the link because it saves me from lugging my unrolled bag(s) of pennies to the bank. I wonder if they have already removed the machine in my branch. To avoid the fee I opened a free TD savings account. I'm sure it short changed me a bit but I was dumping only pennies so the variance was minimal. (Oh and I was upset about the content of the article, not that you posted it.)
|
|
Pillar of the Community
Canada
3049 Posts |
I have used the coin counter at my local TD knowing exactly how much I put in and so far I haven't been off.. not once...
|
|
Pillar of the Community
Canada
3692 Posts |
The thing about recycling is that the refiners profit from your free labor, and your initial response is that you're "helping" your environment (natural environment, urban environment, financial environment, political environment, what have you). You give your metals at face value rather than anywhere near close to their melt value, which would be a fair way to compensate the public given that their ultimate stated goal is to refine the metals. They're stealing from you, actually, but the public is just to ill-informed that they conceive it as being a public service since no retailers accept them anymore. They distribute it initially with negotiable metal, debase it, inflate it, then say it's worthless altogether so they can steal it back from you. Old news, I know, but it's worth repeating.
|
| |
Replies: 30 / Views: 4,717 |
First Page
Posted 05/20/2016 8:42 pm
