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 Replies: 14 / Views: 3,307 |
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Valued Member
United States
121 Posts |
I live in Whitefish, Mt. about 90 miles from the Canadian border. The sad part is banks here in the U.S. will not take Canadian coin. Businesses here sort through pick out coin and throw it in the trash!
I work in the restraunt industry and have been saving them from there doomed fate. My question to you is, what is a good to save in the mordern era?
I fuigure I will make a trip to Canada one day to spend the rest. I just cannot see any coin wind up in the trash.
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Pillar of the Community
 United States
2448 Posts |
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Valued Member
Canada
108 Posts |
Save it all and put in into a jar. Once you have a substantial amount put it up for sale, say on ebay, where it'll sell quickly. Tossing cold hard cash into the trash, who would have thought? |
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Valued Member
 United States
121 Posts |
The banks say its too expesive to ship, some banks were buying at 30% but no longer.
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Valued Member
Canada
276 Posts |
HAHahah, funny, considering the US dollar is depreciating in relation to gold and the canadian dollar is not (as much)
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Valued Member
Canada
62 Posts |
I remember a US retailer telling me years ago (when the exchange rate was about 1.5) that he would sooner take French francs than Canadian currency! lol.
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Pillar of the Community
Canada
598 Posts |
... but, but the Canadian dollar is almost at par with the U.S. dollar. I sense opportunity? Why not offer to buy that Canadian (lotsa words in my head here) "junk" somewhat akin to the "Cash4Gold" scam uhm, enterprise. Then when you amass just under 10 grand in face(so no declaration at customs is required?), drop by my place and we'll have a rolling operation set up... and laugh all the way to the bank!  I'm sure we could work out some sorta arrangement.  |
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Valued Member
Canada
183 Posts |
The idea of throwing canadian money in the trash is like burning money to keep warm.I hope we have a warm winter and leave our canadian money in circulation.
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Valued Member
United States
335 Posts |
I save all my Canadian change (I'm in Michigan). I just roll up the pennies with my American change, as they are not an issue. The larger coins I set aside. When friends visit from Canada, I let them know how much change I have, and they stop at their bank and bring me that much in cents, which I search for my collection. Even if I didn't collect Canadian cents, this would give me change that I could trade in at the bank.
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Valued Member
Canada
51 Posts |
When it comes to Americans and Canadian money, nothing has changed since the 50's. A bus full of us went to Ohio one year in the early 60's and we couldn't buy food or drinks and the US banks wanted an outrageous amount of money to exchange it. This was when the Cdn dollar was actually worth more then the US. Fortunately we found a restaurant owner who's family lived in Ontario and he bought our Canadian cash at .95 on the buck.
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Valued Member
Canada
322 Posts |
Canada must be much more liberal about money than our neighbours to the south...my cash register at work has lots of American decimal coinage in it from the bank...we hand it out like any other change to the customer...no one thinks or cares anything about it...surprising
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Valued Member
Australia
138 Posts |
We have a similar situation in Australia where New Zealand coins often appear in your change. You can offload them pretty easily considering they are worth about 30% less at the moment.
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Pillar of the Community
Canada
864 Posts |
My bank just counts and rolls all US coins in with the Canadians and they don't tend to bother with exchange rates on small change coins. Stores and restuarants treat US coins as no different than Canadians and getting US coins in change not unusual at all. We're so close to the border that US people come over and spend frequently and people up here visit and shop across the border often. Most of Canada's population lives concentrated close to US borders so lots of coming and going, and spending all the time. I remember many years ago being in San Fransicso and needing to get money exchanged or something and it was hard to find any bank or store to deal with Canadian funds. That was in the 1980's some time. I was shocked as here you just go in to any bank to get funds exchanged easily. Edited by Dottir
10/23/2010 9:07 pm
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Pillar of the Community
Canada
1581 Posts |
Because the long standing state has been that the Canadian dollar was worth less than the US dollar, Canadians (individuals and businesses) had no reason not to accept US coinage at par. The problem in the US would be both psychological and practical. Accepting a lower valued coinage at par could be exploited. At one point the CAD was worth 1/3 less, and that would have been a major discount for transit, tolls, vending machines, etc, if people began importing coins. With the CAD looking like it could go beyond par in the future, will the situation turn around? Will we see Canadians stop accepting US coinage for the exact same reasons as the Americans up to now? |
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Valued Member
Canada
276 Posts |
Sounds like good old amerocentrism at work. Americans who believe the world revolves around them will frequently reject the works of other cultures as inferior. Hell, I'm canadian and feel the same way about american "stuff"...
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Replies: 14 / Views: 3,307 |
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Posted 10/08/2010 10:23 am
