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Any Banks Giving Out Pennies?

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Pillar of the Community
5464 Posts
 Posted 12/11/2019  4:54 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list
I can see myself being stopped at the boarder with boxes of foreign coins. LoL!
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United States
8939 Posts
 Posted 12/11/2019  5:57 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list

Quote:
I'd love to move to the USA!


At the risk of causing a crap storm I'm gonna say it anyway. If anyone can and wants to immigrate to the US I'd highly recommend it. Without getting into the politics the US is the only constitutionally free nation in the world. I'm going to leave it at that.

As for how the penny hunting is? Awesome. Granted the varieties and stuff in general we look for is different but once you learn the ropes it's a blast!
New Member
Canada
48 Posts
 Posted 12/11/2019  6:11 pm  Show Profile   Bookmark this reply Add JBU to your friends list
I am guessing they have x-ray cameras at the boarder crossing and can see your boxes of coins in the trunk. There is probably a limit as to how much coinage you can carry across the boarder both ways. (Friend was asked to back up his car a bit at the boarder, then asked what was in the trunk - he had some auto parts that he thinks they saw with an x-ray camera)
New Member
Canada
48 Posts
 Posted 12/11/2019  6:14 pm  Show Profile   Bookmark this reply Add JBU to your friends list
I also think that boarder towns must have lots of mixed currency in their bank coin rolls, that's why I'd like to open an account in Buffalo as I'm from the Greater Toronto Area. I'd like to pick up both currency in coin roll hunting. I got a box of pennies from Buffalo a couple years ago and there was some nice Canadian copper in there...
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Canada
665 Posts
 Posted 12/11/2019  9:21 pm  Show Profile   Bookmark this reply Add vonigohcr to your friends list
@JBU

Strictly speaking there is no limit on cash crossing the border but there is a reporting requirement over $10,000 in local currency. So $10K CDN would be approx $7,500 US. That said, I would declare cash of any significance crossing the border with the actual reason... there is nothing illegal in roll hunting and that will provide a rationale for driving across with a large quantity of coins... If the custom's guys don't believe you which is possible if you provide an outlandish reason, they can seize the cash whereas if you are caught attempting to cross with a large quantity of coins undeclared, you will have the coins seized, and get a fine and possible charge for your troubles. There should be no tax or duty on face value circulating coins so there is no downside to declaring.

Don't forget weight though... $10K in pennies will weigh over 2 tons so make sure you take a truck and leave the smart car at home
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United States
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 Posted 12/11/2019  11:41 pm  Show Profile   Bookmark this reply Add merclover to your friends list
JBU, someone said elsewhere here on CCF (sorry I don't have a link) that banks in Canada WILL give you pennies if you ask them nicely and/or tell them you're a coin collector. Someone said that some banks will even call you when they get them in, so you should be ok with searching rolls of cents or a bit. Stop into whatever bank you have accounts with and talk with the branch manager. If you're nice with your request, I've found they are very willing to help.
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United States
10635 Posts
 Posted 12/11/2019  11:59 pm  Show Profile   Bookmark this reply Add merclover to your friends list
JBU, if you're interested in trading unsearched bank rolls of Canadian pennies for the same in US pennies, one for one (you win the exchange rate), send me an email.
Edited by merclover
12/12/2019 12:00 am
New Member
Canada
48 Posts
 Posted 12/13/2019  10:15 am  Show Profile   Bookmark this reply Add JBU to your friends list
(Hey merclover, the site won't let me send you an email... considers me a new member but I've been here since 2013.) Anyway, I collect both us and canadian pennies so if I get my hands on un-searched rolls i'd never be able to not search them...!
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5594 Posts
 Posted 12/13/2019  12:12 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list
I think that you need 50 posts to send email.
Bedrock of the Community
United States
10635 Posts
 Posted 12/13/2019  10:06 pm  Show Profile   Bookmark this reply Add merclover to your friends list
JBU, I'd post my email here, but I think that's against forum rules, I'm not sure
But, if you can't send me unsearched rolls, well, the point is moot I guess. If you change your mind, let me know.
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Canada
7 Posts
 Posted 12/16/2019  9:04 pm  Show Profile   Bookmark this reply Add robb4640 to your friends list
I have a great relationship with the RBC and CT and they let me buy back pennies all the time. I actually was lucky enough to get 8 boxes after they just came in one day! Most of the banks don't mind selling them back to you as they have to ship them all out to the mint so less hassle if you take them off their hands. If you buy them, you can't walk back in and take them back after going through them.
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Canada
48 Posts
 Posted 12/19/2019  12:14 pm  Show Profile   Bookmark this reply Add JBU to your friends list
Rob4640 = well, that is fantastic. Never heard of that one!
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Canada
5255 Posts
 Posted 12/19/2019  1:18 pm  Show Profile   Bookmark this reply Add oriole to your friends list
Officially banks in Canada are not supposed to sell one cent coins back to the customer. They have been instructed as such. I was told that by a bank employee a few years ago.
That being said, obviously they break those rules from time to time. By selling them to the customer they may be lucky and never see them again or have to pay the shipping costs.
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Canada
9173 Posts
 Posted 12/19/2019  2:37 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list
Agree with oriole I have been to all banks in town and none will sell them back,
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Canada
695 Posts
 Posted 12/19/2019  7:57 pm  Show Profile   Bookmark this reply Add middross to your friends list
I recently picked up 47 rolls from my local bank. They were happy to get rid of them as they cannot return until they have a full box. They've been 3 rolls short for months according to the supervisor.
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