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 Replies: 8 / Views: 1,819 |
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Pillar of the Community
United States
589 Posts |
I need some opinions here because It kills me to see this particular bank I frequent does this.
I dump my coins I search every week at my local dump bank. Since there are 8 of them I go to different branches all the time. They have these coin counters that have a strong magnet under the slot where you place your coins in.
About 10 days ago my daughter goes with me and like usual we fill up the coin bag. So the teller opens the machine takes out the slot and places it on top. The slot is actually a square piece and while it sits there my daughter places her hand under the carriage where the magnet is and retrieves about 15 foreign coins. The teller quickly says you can't have them they belong to the bank. So being a lover of all coins I said ok but what do you do with them and he says when they get foriegn coins they just bag them and ship them out as junk coins. JUNK ! I said really.
Such a waste to get rid of them. But now that I know this I have to control myself when dumping not to lift the slot piece out quickly and take the foreign coins from under it. Oh the temptation......
Does anyone ever have this happen to you.
Edited by SilverTracker
08/30/2014 08:13 am
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Moderator
 United States
14463 Posts |
This gave me an idea: to ask my bank what they do with foreign coins, and could I get them.   |
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Valued Member
United States
330 Posts |
At my bank they know that I collect and just give them to me, and for free! They said, that they can't do anything with them.
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Pillar of the Community
United States
2661 Posts |
All the banks in my area will not let them go. They say they have to send them out to be destroyed.  |
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Pillar of the Community
United States
1116 Posts |
I think that this week I'll ask the banks that I deal with what they do with foreign coins. If its free its for me is my attitude, but most times you have to pay for things.
I never gave it a thought about what the local banks do with any foreign coins that they might receive (other that Canadian). I usually find Canadian coins all over the place and do save them.
The interesting thing about them is that I do find foreign coins in the penny rolls I get from the bank and do save them also by just placing them in a jar and letting them accumulate.
The most exotic coin that I found this way was some coins from Singapore with their wavy edges. I think it was a 25 cent coin that is almost the same size as a penny. Don't find them to much, but when I do it is a treat.
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Pillar of the Community
United States
2368 Posts |
Kind of related: I saw a guy dump a bunch of large jars of change into a coin counter machine at the bank. A huge handful of world coins and a few wheats got rejected. He just picked them up and threw them in the trash. Needless to say, I got a score that day!  |
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Pillar of the Community
1325 Posts |
Quote:
This gave me an idea: to ask my bank what they do with foreign coins, and could I get them. I asked my bank and they jsut don't accept them. No coin counting machines so no luck there, MY banks just don't get it. they always tell me that X I am ordering might be new, not old. I try to tell them, I don't care. I bought my owns rolls of hales the other day to try to stress the point I will take their unwanted things to help them not have to deal with them. Just tell me what you have, and what you gave for it. I will pay a nickel for each thing that was taken in as a nickel so the bank doesn't lose anything, likewise for other coins and denominations. We both win this way. I get some neat coin that I have never seen and they get rid of their "junk". But alas, no.... |
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Bedrock of the Community
United States
20753 Posts |
I asked about this at my bank. They said they take all of them, sort them out by country, then send an employee to each country to return their coins.   Now wouldn't that be a nice job if true? |
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Pillar of the Community
United States
1116 Posts |
JustCarl was the bank just funning with you to give you a quick answer to move you along. I don't think that actually send someone to each county but probably to a foreign exchange place to get $USD for them. If they were serious exactly where is this bank of your. If they paid the travel fare I'd be available. Just plane fare would be outrageous. But sometimes lightening does find a home and in this case - PICK ME PICK ME PICK ME PICK ME  Edited by ghostrider
08/30/2014 4:04 pm
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Replies: 8 / Views: 1,819 |
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Posted 08/30/2014 08:38 am
