Canadian Coins- How Can I Cash Them In?

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Author	Replies: 5 / Views: 1,433
Coins1989 Valued Member United States 136 Posts	Posted 09/05/2013 4:37 pm We returned from a Canada trip a couple months ago with over $50 in Canadian funds, assumed we could just take to a bank and exchange them- apparently not. Our bank sent us to a currency exchange office at their main office and while they did take the currency they refused the coins. They had no suggestion other than 'maybe you can give them to kids, or something" (!) We have several $2 coins and while this is not a huge issue it is very annoying. Any suggestions? Report this Post to the Staff

1PPCLI Valued Member Canada 61 Posts	Posted 09/05/2013 4:44 pm Call into your bank and ask what the policy is for depositing money from another country. See what they say and if they have not rule on how much you can deposit, deposit the coins into one of your accounts. in other words try to use their own policies against them! you could also try to pay for something on ebay with the 2 dollar coins. I would take them! Chuck Report this Post to the Staff
kena Pillar of the Community United Kingdom 1682 Posts	Posted 09/05/2013 5:02 pm You could hold onto them and offer them up on here for trade when you have enough posts to trade. Or find out of there is a local Scout troop who could use them since there is a Coin Collecting merit badge. Report this Post to the Staff
Sap Moderator Australia 16837 Posts	Posted 09/05/2013 7:49 pm As a general rule, nobody ever exchanges foreign coins for face value - not the banks, not the currency exchange booths. It's just too much effort for them to handle and store "fiddly small change" - even when the change isn't really all that small, such as Canadian $2, British Â£1 and Â£2 and Eurozone 2 euro coins. If you need the cash quickly, your best bet is probably to try to find a coin dealer that handles world coins. Either that, or put them somewhere findable for the next time you or your family or friends travel to Canada. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/05/2013 10:43 pm This sort of depends on where you live. For example in the Chicago area there are banks that do foreign money exchanging all the time. I've seen places that actually advertise taking coins or currency from almost anywhere. Again, depends on where you live. I know it may be a pain but best thing to do is use your phone and call as many banks or similar establishments in your area. If you check the left side of the posts you would see many members are from Canada. You might want to try contacting them to see if you could just send the Canadian money to them in exchange for REAL money. Other solutions would be to just save it all and go back to Canada some day and you'll already have their money. Then too there is an area in these forums for foreign moneys so you could try there too. Report this Post to the Staff
nalaberong Pillar of the Community Canada 2805 Posts	Posted 09/05/2013 11:02 pm Hello! Canada Post prohibits the sending of multiple coins via lettermail, but who's watching anyway? (Not Canada Post) I don't know what USPS thinks about all of this, but it never hurts to make sure your envelope doesn't jingle. I take a snack bag and staple all the coins in it together, like so many 2x2s. Now they won't rattle, so it's on to step two of "coin obfuscation": take some sturdy cardstock, fold it in half, and put the bag inside. You should now have a fairly floppy (but sturdy) flat-pack, ready for mailing. It should barely fit in a normal envelope - just over $2 gets up to 100 grams over the border for me (just over $1 for under 50). Unfortunately, I don't have very much American money to offer in exchange... but you can have the packaging tip for free. Report this Post to the Staff
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