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Replies: 25 / Views: 4,375 |
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Valued Member
Canada
386 Posts |
Short rolls is a common problem at all banks. It happens less with paper rolls, but is very common with plastic rolls.
There is a simple reason for this coin short problem. Take nickels for example:
Pre-1982 Cdn nickels are 1.70 mm thick Post-1981 Cdn nickels are 1.76 mm thick That extra 0.06 mm becomes 2.4 mm after 40 nickels are stacked or takes the room away from 1.5 nickels.
This explains why some plastic holders are always short one nickel, because there is not enough room. They were designed for older nickels.
It gets worse if any US nickels are present, they are 1.95 mm thick.
Same issue exists with dimes. It is not a problem with pennies because they became thinner after 1981.
This is why I prefer the cardboard tube holders with the fold-in end. They accomodate all thicknesses of coins.
Edited by 1945V 10/30/2009 08:22 am
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Valued Member
Canada
304 Posts |
Snowy,
A horrible experience...but I'm impressed you went right back to the branch and even more impressed they took this seriously AND found more in the vault AND admitted they were responsible! I would expect the manager of a chartered Cdn bank to come out, deny everything, treat the customer with suspicion and conduct a private investigation.
I'm sickened by what happened to you but glad you were treated this well by the bank...silver lining on every cloud!
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Valued Member
Canada
53 Posts |
I'm a bit surprised that those rolls actually came in a shipment from another bank. Most banks seem to pass off customer wrapped rolls to other customers without checking them, but I've never seen anything that bad. Dimes are pretty common in penny rolls though so it seems to even out in the long run.
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Valued Member
Canada
372 Posts |
I have a coinmaster made in Canada to sort out my pocket change.I always place my loose change in the appropriate slots and found out that when it is full(no more room to add another coin)the 25¢ slot is not large enough to accomodate 40 but only 39.Same for the dimes,49 instead of 50.
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Valued Member
Australia
138 Posts |
Whenever I was roll searching I would often come up short but I would just email the Royal Bank and complain and they would always credit my account. Sure the amounts were always small but at least they took the time to fix anything whenever I was short.
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Valued Member
United States
297 Posts |
they should start weighing the rolls at the bank to make sure its right and really are dimes or nicles
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Pillar of the Community
Canada
650 Posts |
They should require the depositors account number on the roll or clear.
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Valued Member
Canada
386 Posts |
Unknown95,
Weighing won't work, even excluding silver and American dimes, Post-1968 Canadian dimes have three different weights: 1968 to 1978 dimes weigh 2.08 grams 1979 to 2000 dimes weigh 2.07 grams 2000 to present dimes weigh 1.75 grams
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Valued Member
Canada
386 Posts |
Mr.Canada,
I am not too crazy about putting personal information like account numbers or telephone numbers on coin rolls.
My RBC branch has a good approach. I often deposit bundles of coins and they simply attached a copy of my deposit slip onto the bundle and the teller tosses out the deposit slip when all the rolls have been withdrawn from the bundle or someone requests the entire bundle of rolls.
Edited by 1945V 11/01/2009 10:37 pm
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Valued Member
United States
106 Posts |
When I ran coin operated equipment, I had to either sign each roll of quarters, (I had a stamp), or empty the rolls into $500 bags of loose coin.
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Valued Member
Canada
464 Posts |
Whenever I go to my bank to exchange rolls, the tellers open and count everything, I thought this was standard practice at all banks. I realize this is not practical for large deposits, I always assumed there were coin counters for that.
I didn't know the trust system still existed in the banking sector... Though I don't think it is unreasonable to open and count rolls, since many people are bad with numbers.
Edited by gawd0wns 11/04/2009 5:36 pm
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Pillar of the Community
Canada
4227 Posts |
I worked in a bank for years and started on cash (Bank of Montreal) and when I took rolls of quarters or dimes it was very simple ... you rake your fingernail over the them to check for the reeding. It only takes a second ... much faster and easier than removing them from the paper rolls and having to re-roll them later. Before I started, it was the honour system until they got burned with a bunch of quarter/washers. Then the policy was to open them and roll them back up later. Needless to say they liked my way of doing it better.
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Pillar of the Community
Canada
1248 Posts |
So, what can we fill a roll of absolutely Gem, "mint rolled and end sealed " from China 1925 nickels with? just kidding , but is it possible
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Pillar of the Community
Canada
1152 Posts |
Wow.... It's surprising to see the banks still get fooled!
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Pillar of the Community
United States
632 Posts |
No banks in my small town will take rolled coins. They made me crack'em open right there. Threw'em in the counter.
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Replies: 25 / Views: 4,375 |
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