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 Replies: 304 / Views: 29,089 |
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Pillar of the Community
Canada
1312 Posts |
Great to here, keep us updated
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Pillar of the Community
Canada
1312 Posts |
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.
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Pillar of the Community
Canada
644 Posts |
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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Pillar of the Community
Canada
3848 Posts |
It probablky has to do with the magnetic properties of the coins as well as size & weight.
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Valued Member
Canada
432 Posts |
wilsonwu89 could you post a photo of this coin machine. I have seen the Coinstar machines but nothing else.
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Valued Member
Canada
280 Posts |
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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Moderator
Canada
9858 Posts |
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 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
280 Posts |
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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Valued Member
Canada
222 Posts |
There's always two sides to the coin if you have the patience to see. -Kathryn Budig
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Valued Member
Canada
472 Posts |
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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Valued Member
Canada
54 Posts |
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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Valued Member
Canada
472 Posts |
The cameltoetoonies site estimates there are $5 Million dollars worth of the counterfeits in circulation. To me, that is a big profit, and big business.
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Pillar of the Community
Canada
1312 Posts |
I would have thought there was more then 5million$ worth of these toonies, though it seems a large bulk of them hit Ontario, especially in the GTA.
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Valued Member
United States
79 Posts |
Still wishing a couple examples of the different varieties of these would accidentally end up in my change :)
Edited by smuglr
09/16/2021 6:41 pm
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Valued Member
Canada
432 Posts |
Been very actively searching and so far 2 out of 6 varieties a CT05 and CT02 with hit rate of 0.006% They have been easy to pick out since they still have a lot of luster.
I was in Peru a few years ago. All of the Scotia Bank ATMs that I went to gave me brand new bills. If you exchange USD to Soles and the USD was not in AU or better they will refuse it. At the stores the cashiers check each and every coin and banknote. They flip, tilt and feel it. That's what happens when a country is flooded with counterfeits.
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Replies: 304 / Views: 29,089 |
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Posted 06/30/2021 3:42 pm
