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Canadian Vs. US Coinstar Operations

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n9jig's Avatar
United States
997 Posts
 Posted 01/15/2017  09:58 am Show Profile   Bookmark this topic Add n9jig to your friends list Get a Link to this Message Number of Subscribers
I often wondered how Canadian CoinStar machines operate versus US ones. I never put Canadian coins in my US CoinStar machines since I save them all but wonder how they work up north.

I assume that US machines have magnetic rejection devices as well as other weight, alloy and sized based devices.

With Canadian coins being mostly magnetic these days, do Canadian CoinStar (or bank machines etc.) detect and/or reject non-magnetic coins? Would older pennies for example be rejected?

While asking about pennies; do Canadian machines still accept them, and if so do they turn them in for destruction?

Do Canadian CoinStar machines segregate out coins for the Alloy Recovery Program?

And lastly, do they reject or segregate US coins?
Edited by n9jig
01/15/2017 09:59 am
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oriole's Avatar
Canada
5239 Posts
 Posted 01/15/2017  1:48 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
I do know this:

Anything that is accepted by the Coinstar is processed to take out the nickel because of the Alloy Recovery program.
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ace_ftw's Avatar
Canada
1747 Posts
 Posted 01/15/2017  10:13 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
I have not seen many coinstar machines around here. I do know that the TD banks up here were using them but are now taken out.

When you started the machine, you had to agree that all USA coinage would be taken as Canadian, so these were just counted along with our coins.

When they were around, silver was rejected, odd metals odd sized coins were rejected.

For pennies anything that was the right size and near enough the weight would have been counted.

As for how these were dealt with after, I have no clue, I was told by TD employees that the coin company came and emptied it out. I would imagine that the pennies were sent straight on to the Mint for the ARP.

I dont know how they would sort through the dimes nickels and quarters to pull out the older coins (i know that silver is non magnetic) but all other coins would be magnetic the pre 2000 quarters and dimes are 100% nickel and are magnetic, just like our current ones.

Using a magnet would remove some nickels which were cupronickel from 81 - 2000 so this process seems not very effective.

I dont see any other method other than by hand, or some precise weight measurement.

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Canada
9863 Posts
 Posted 01/16/2017  01:53 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Never saw a Coinstar, I think there appearance here in Canada will be like Target, there was one at a local TD branch but it was removed after a great number of TD customers were shortchanged before I ever had a chance to try it out.

Plated steel 5, 10, and 25 cent coins each have a different plating composition, each of these denominations has a unique electromagnetic "signature" and can thus be differentiated from each other and from their nickel,cupronickel and silver counterparts, as well as from counterfeits, slugs and foreign coins.
"Dipping" is not considered cleaning...
-from PCGS website
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n9jig's Avatar
United States
997 Posts
 Posted 01/16/2017  04:35 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
At one time the CoinStar machines I used in the USA were smart enough to tell between "Old Style" (copper alloy) and "New Style" (Plated zinc) pennies and indicated the numbers separately on the tabulations. I don't know if they segregated them in the collection tubs but if they didn't, why bother counting them separately? I assume the change to not reporting them differently was due to the US laws against melting pennies.

I wonder if the Canadian machines do the same somehow with pre-steel and steel coinage.
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