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Replies: 638 / Views: 114,714 |
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Pillar of the Community
Canada
1923 Posts |
Well if I went into a bank with a friend and I new his intentions was to hold up the bank would I not be part of the hold up knowing what's going on and saying nothing?
Besides its a criminal act to pass counterfeit coins have or sell them for profit, I think it might be you who needs to research what your saying and doing.
Just trying to be helpful not shooting you down its a criminal act
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Pillar of the Community
Canada
3328 Posts |
I apologize. Again I'm new to coins and I didn't meant to offend. Your taking my story and twisting it... I went into the bank because they would know more then me and I'm a in person kind of guy. I didn't know anyone working at the bank, and as I said in my post I said I think this is a fake going in. I didn't ask for a real toonie in replace it was just given. After which I said hey are you looking for the fakes. Because behind the screen and the teller there was a guy looking through rolls of toonies. From there we got talking and I simply made a friend(even during these covid times) I did not try to pass of fake money or lie in any way. I simply went into a financial institution, asking about facts and information. What I posted afterwords was only my experience and what I was told and researched. I did not mean to say using fake coins is ok or anything of the sort. To get a fake coin makes you a victim of the issue it self. But me posting about an experience when I'm just learning about coins and showing interest and I get this attack as if I'm being a racist or something... I don't need that and that's not why I joined here. If this is some super tight close community I am not trying to prove myself to anyone. I simply am displaying my interest in the subject.
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Valued Member
Canada
480 Posts |
I have been told by my bank that they will only act officially if the head office has been notified about the fakes, and ordered something to be done by the branch banks. Otherwise, they can put them aside for destruction, but not necessarily saying they are counterfeit. We know they are counterfeit,but we are not official. Here in Vancouver, I have heard from 2 of the shops, which I talked to about the counterfeits, have turned away a counterfeit each. One person made a great argument, and the other person turned away and left quickly. I have not seen any yet, but I look a lot more carefully now at both $1 and $2 coins.
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Pillar of the Community
Canada
706 Posts |
You're not being attacked. This is a discussion board where you have made wrong assertions that passing these coins is legal. You're being told that you are wrong repeatedly and you are not accepting this fact. How is that being attacked? It doesn't matter what the retail clerk told you. They are wrong and misinformed, they are humans who can also make mistakes. Above all, the law is the law. Owning and passing these coins is illegal. What the tellers likely meant to tell you, is that yea you could probably use these coins and it is likely you are not going to get in trouble. But according to the law, it is illegal. End of story, do not reply to this thread with "but...." Your assertion that until the Royal Canadian Mint deems something counterfeit, it is legal to use, is absolutely nonsensical hogwash. So if I bought myself a coin press right now, made $3 million in new-security style counterfeit toonies that have never been made before or acknowledged by the mint...that I can now legally go use them in the period until such a time that the Mint acknowledges its existence? BSOLUTELY NOT.
Edited by wilsonwu89 06/01/2021 05:04 am
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Pillar of the Community
Canada
3328 Posts |
The teller who I was talking to me explained to me that he had sent one in to head office in February and one to the mint I believe. Head office was the one who told the bank to continue to accept AND distribute them as normal for now. I talked to the guy for half an hour he showed me some of his coins he was saving as well. And everyone on this forum thinks they can call these coins fake, the mint has known about then for months and months and not declared them as fake. If they declare these all fake all banks and stores would have to remove them all and I doubt they would be compensated. The only ones causing this issue are the ones who made and released these. Maybe the mint is doing a sting lol, and want to keep it on the DL for now. Idk but this is what I was told by both tellers and what they said was that they were following what head office told them.
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Pillar of the Community
Canada
3328 Posts |
This news article from months ago even states, the mint is "looking into it" and has yet to receive one of these counterfeit coins and that the mint is the only one who can say that these coins are fakes. No one in Canada has the power to do that except the mint. There for they are still aloud to continue circulating. And banks continue to use them
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Pillar of the Community
Canada
3328 Posts |
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Valued Member
Canada
342 Posts |
The banks are the problem also. They are not going to set aside thousands of dollars in twoonies knowing that they are never going to get them replaced by the mint. It will cut into their profits.
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Pillar of the Community
 Canada
2754 Posts |
I just copied this, VERBATIM, from the RCM website under FAQ's. Quote: I suspect that I have a counterfeit coin in my possession. Who can I contact?lt While the Royal Canadian Mint produces all circulation coins in Canada, as well as numismatic coins for purchase, any investigation into counterfeit currency must be initiated by the police. If you suspect you have a counterfeit coin in your possession, you should report it to your local police. The Royal Canadian Mounted Police (RCMP) have Regional Counterfeit Coordinators stationed across the country to assist the investigating agency. For more information on counterfeit coin detection, please visit the RCMP's website: http://counterfeitcoins.bc.rcmp.ca
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Pillar of the Community
Canada
3328 Posts |
There is an investigation going on believe the mint is working with the RCMP atm to find out more about this. But as I stated several times, the mint has knows about the suspected fakes for months now and has not declared these coins to be fakes. Only that they are aware of suspected fakes. The mint allows these coins to continue circulating so why wouldn't the banks. Untill the mint deems these coins fake then only someone with all the right equipment can find fakes and test them. I don't have the equipment. Also I'm not "part of the problem" all I did was went in looking for information and I shared that information with the forum. After which I was attacked as if I had done something wrong by letting my financial institution take the coin(after I told them I believed it was a suspected fake) but you have all been coming at me like I made these fake coins and continue to allow them to circulatate. If I get a fake coin from a corner store I can tell them it's fake and request a new toonie, then the coin goes back in there till for some one else to get and circulation continues. If I give it to the RCMP then I loose any money I get that's fake and there is clearly alot of them because iv come across two of them out of mayb 8-10$ iv gotten in toonie since posting about then. (I don't use cash much atm due to covid) so to me the most responsible thing I can do is report them to my financial institution and have them advise me on what to do if I come across them. At least if the bank has them they may be put aside. Also what if you got a bunch of rolls of toonies at the bank and they were all fakes? Do you just accept the loss of hundreds of dollars because the ones responsible for your financial security gave you a bunch of fakes? I'm a citizen and working class. But this forum is scrutinizing me for turning in a fake to my bank(telling them it's a fake)
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Pillar of the Community
Canada
3328 Posts |
So as far as I can tell you are saying all financial institutions, and businesses are the issue, all working class educated or not are the issue, but I'm saying that the mint is the issue with these fakes and whoever made these coins. Because banks and businesses are aloud to and will continue to circulatate these coins untill there is a full scale investigation and the mint comes out and confirmed that "yes all the claw foot bear toonies are fakes" but calling me the problem someone who went to his bank asking what to do with these fakes then they take the fake and hand me a real toonie without me asking for an exchange is offensive. The second teller I talked to and became sorta friends with because he shared an interest in coins and collects coins. That was a whole separate situation. He was not the teller who swapped out my fake, he just aloud me to swap out my circulated toonie that they gave for any one I wanted that he had in his drawer. That was just him being nice and sharing ANA interest. So why am I being made to be the problem when all I did was listen to my financial institution and then share the story with you guys. Having a friend at the bank as a starting collector is a big thing to me so I though I would share that with you. I can take my coins to the bank and trade them for circulating collector coins and sets. That part of the conversation had nothing to do with the fake coins any more just posted it in the same post because I was told not to post in smaller posts but in paragraph form.
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Pillar of the Community
Canada
3328 Posts |
Also I'm not sure if he was just a bank teller or not. Because when I say drawer I don't mean at the front of the counter. After we started talked he asked me to come into the back into his office where he had some coins he had put aside for his own possible collection. But it was an office so I doubt he was just a teller. Sorry for the book of a post by the way, after posting these I was like wow that's alot to read lol.
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Pillar of the Community
Canada
3328 Posts |
So if you think it's up to all small business and working class to take a loss when the mint calls these fakes for sure and does a full investigation all banks will have to remove these fakes. And anyone who has any will have to take a loss. Banks and businesses and the forgers are the ones responsible for these fakes becoming so circulated but they are also victims. But I don't think any working class low to mid income citizens should have to loose a dime due to this. When I went into the bank I didn't expect to be given a real toonie. I was unsure what they would do. I made no requests just asked what do I do with a suspected fake. The rest just happened. If someone has hundreds of dollars of these coins that they got from the bank I think it would be right to take them back to the bank and if the bank is willing to take them knowing they are fakes then good for you. Rather the banks have them and have to loose a little profit then everyone else imo. At least if most of the fakes are at the banks when and investigation is launched it will be alot easier for the mint and the RCMP to locate all the fakes and have them destroyed. With less chance that a large number continue circulating through small business and citizens
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Pillar of the Community
Canada
2301 Posts |
The banks here are inspecting all toonies that are deposited and confiscating all counterfeits. Small business and people are losing!!!! Your concepts and comments are not thought through. Any counterfeiting destabilizes our monetary system. The authorities have mishandled this as you are. You get defensive when your asinine comments are challenged. The police are the issue here. If it had been a $5 or $10 dollar note warning would have been all over the press. Do not ever tell an individual to sell or offer a counterfeit coin knowing it is counterfeit. That is against the Law.
Edited by nickelsguy 06/01/2021 5:02 pm
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Pillar of the Community
Canada
632 Posts |
I cannot express how much I support Nickelsguy.
Ditto, ditto and ditto
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Replies: 638 / Views: 114,714 |