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Counterfeit Toonies Are Going To Be A Significant Problem

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Pillar of the Community
Canada
3328 Posts
 Posted 06/30/2021  10:16 am  Show Profile   Bookmark this reply Add Wrekkdd to your friends list Get a Link to this Reply
Haven't seen any more fakes lately I wonder if banks are starting to put them aside
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Canadianpennyman's Avatar
Canada
55 Posts
 Posted 06/30/2021  1:45 pm  Show Profile   Bookmark this reply Add Canadianpennyman to your friends list Get a Link to this Reply
For anyone interested in my ongoing counterfeit toonie saga, here is what happened when I took them back to the bank.
Last Wednesday I took my $272 worth of counterfeit toonies back to the branch that gave them to me. The teller was amazed. We spent a bunch of time dropping to them and listening to the different sound they make and I showed him all the ways that you could identify a fake. He had never seen one and hadn't heard much about them. He brought the branch manager over. He also had never seen one but said they had received information on them but that it was a couple years ago. He couldn't believe that there were that many at once. Other tellers then came over to look at them as well. At first the branch manager was a bit confrontational because I had taken the rolls out about 2 months ago but never got around to going through them until recently. Once we spent time looking at them though, I think he realized I probably wasn't a counterfeiter (and if I was, I was either the dumbest counterfeiter ever, or the smartest - you could argue both ways). He didn't know what to do so he issued me a receipt for the $272 and said he would have to talk to the head office about what to do. He said he would call me back in a day or 2. A week passed and I hadn't heard anything so I called. He was on vacation. I left a message with the customer service manager and today she called me back. She said they were still trying to figure out what to do with head office but she was going to deposit the money in my account.

So it all worked out in the end.
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jbuck's Avatar
United States
188952 Posts
 Posted 06/30/2021  1:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So it all worked out in the end.
That is good news.
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coinman91's Avatar
Canada
668 Posts
 Posted 06/30/2021  3:31 pm  Show Profile   Bookmark this reply Add coinman91 to your friends list Get a Link to this Reply
Great to hear, cant wait to hear about any further action.
Pillar of the Community
Canada
3328 Posts
 Posted 06/30/2021  3:42 pm  Show Profile   Bookmark this reply Add Wrekkdd to your friends list Get a Link to this Reply
Great to here, keep us updated
Pillar of the Community
Canada
3328 Posts
 Posted 07/01/2021  6:14 pm  Show Profile   Bookmark this reply Add Wrekkdd to your friends list Get a Link to this Reply
Also I got reamed for just jokingly saying to take your fake toonies to the bank. And with me it was one single toonie and I didn't even go in asking for a real one. All I was saying in my posts was that if you get a fake toonie or (Alot) in your case that we shouldn't be the ones to have to loose money because we got a fake.
Pillar of the Community
Canada
706 Posts
 Posted 08/09/2021  11:02 pm  Show Profile   Bookmark this reply Add wilsonwu89 to your friends list Get a Link to this Reply
So we have a cash recycler (sort of like a coinstar machine for retail use) installed at our store. We were training to use it today. So we dumped bag after bag after bag of coins from all the cash registers into it today.

And it spat out US coins, I also found a 1968 Quarter today and it was quite alarming how many counterfeit toonies it spat back out. It spat out 100% of the counterfeits that were sitting in our tills and there were quite a lot.


This also answers the questions whether automation can cull these coins out of circulation. I thought automated machines would have trouble sorting these coins given that they have the same weight as post-2012 toonies, but they can and do catch them.

However, I have heard of coins coming from the Toronto Transit Commission bankboxes that are counterfeit so maybe not all machines are capable of doing this.
Edited by wilsonwu89
08/09/2021 11:02 pm
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Canada
5589 Posts
 Posted 08/10/2021  07:38 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
It probablky has to do with the magnetic properties of the coins as well as size & weight.
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ShareBear's Avatar
Canada
499 Posts
 Posted 08/10/2021  10:12 am  Show Profile   Bookmark this reply Add ShareBear to your friends list Get a Link to this Reply
wilsonwu89 could you post a photo of this coin machine. I have seen the Coinstar machines but nothing else.
Valued Member
Canada
284 Posts
 Posted 08/19/2021  3:43 pm  Show Profile   Bookmark this reply Add mysterious_dr_x to your friends list Get a Link to this Reply
When I saw how long ago this thread started, I feared I might be too late, but I grabbed a few rolls yesterday as I was in Toronto (Scarborough to be more exact) and I found a few, so I can confirm they're still around. For those keeping stats, it was 11 out of 20 rolls. I almost got every year too. They are now removed from circulation, and I'll be on the lookout for the years I'm missing here in Ottawa, but I get the sense they'll be scarcer here, based on previous posts.
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 08/19/2021  3:51 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Welcome back mysterious_dr_x,

It has been a couple of years since we have seen you.
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Valued Member
Canada
284 Posts
 Posted 08/19/2021  8:29 pm  Show Profile   Bookmark this reply Add mysterious_dr_x to your friends list Get a Link to this Reply
Thanks! I'm back from my "having 3 kids in 4 years then pandemic" hiatus. I'll have some catching up to do :)
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coinman91's Avatar
Canada
668 Posts
 Posted 08/20/2021  09:04 am  Show Profile   Bookmark this reply Add coinman91 to your friends list Get a Link to this Reply
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coinsnpaper's Avatar
Canada
480 Posts
 Posted 09/14/2021  6:55 pm  Show Profile   Bookmark this reply Add coinsnpaper to your friends list Get a Link to this Reply
The cameltoetoonie.ca site has been updated, with excellent photographs and authorative text, as well as some new varieties. I was impressed with the original site. It is now incredible! Well worth visiting again. Check out the value of these counterfeit coins-it is a big business!
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Canadianpennyman's Avatar
Canada
55 Posts
 Posted 09/14/2021  7:17 pm  Show Profile   Bookmark this reply Add Canadianpennyman to your friends list Get a Link to this Reply
Where did you see values for the counterfeit coins? Or do you mean the value that the counterfeiters are getting by making them?
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