Recent Posts

Pages: 1 ... 7 8 [9] 10

81   The Trading Post / Re: WTS: Bank of Canada (duplicates)

on March 07, 2024, 10:07:31 am

Started by walktothewater - Last post by walktothewater

Bump: still lots of Bank of Canada + World banknotes for sale.

Mention you saw my site through this forum & I will pay CDN shipping for CDN addresses ($20 minimum order).

I still charge exact postage for US or International orders.

82   Show and Tell / Re: King Charles nickels

on March 07, 2024, 10:03:09 am

Started by Breanna72 - Last post by walktothewater

I got my first nickel in change yesterday!  :D

83   Show and Tell / Re: Dean’s finds

on March 06, 2024, 08:31:39 pm

Started by Dean - Last post by Mike67

 ??? Simply amazing, all that for face value !  8)

84   Show and Tell / Re: Dean’s finds

on March 06, 2024, 07:37:24 pm

Started by Dean - Last post by Dean

March 6th finds:

I stopped by a branch today to pick up some coin rolls.  I asked if they had any old coins and the teller said that they had some 50 cent coins.  Of course, I said that I would take them all.

Imagine my surprise when the teller counted out $27.50 in coins with $26.50 being silver!

Originally, the head teller said there was $34 in 50 cent coins, but I think he might have kept a few aside for himself.  😀

You just never know what is hiding at the bank…

Enjoy!
Dean

85   Show and Tell / Re: King Charles nickels

on March 06, 2024, 02:14:15 am

Started by Breanna72 - Last post by Redlock

Also, wondering what will happen with King Charles coins and notes already produced IF Charles dies before they are issued???


They will still be issued because it's the ''sustainable'' way to do...

Remember, KCIII said in the UK that the Bank of England shall still issue the already printed banknotes featuring his mother and not destroy them.

Started by AJG - Last post by Breanna72

I noticed at my branch today that tellers were able to obtain US currency in all denominations from the cash dispensing machines behind the counter, the same ones that dispense Canadian.  I mentioned it to the teller and she confirmed that this was a 'new feature' that saves tons of time instead of them having to retrieve US currency from a time lock safe.

As for US from an ATM, I wonder how the transaction amount is calculated? what exchange rate they use at ATMs?  I'd rather deal with a teller for US. 

Started by AJG - Last post by AJG

I noticed today, when I went to the Scotiabank today, one of the ATMs had supposedly replaced $10 notes with US $20 notes.  If memory serves correctly, by August last year the ATMs had replaced $5 notes with $10 notes, and it makes me wonder that, with this latest development, all ATMs at Scotiabank will replace the smallest denomination with US $20 notes, and the $10s replacing the $5s was nothing more of a stopgap measure and the corporation had no intention to make the $10 notes in ATMs a permanent thing?  Could this be the beginning of a phase-in period for US $20s replacing $10s in Scotiabank ATMs?

I have a feeling that all Scotiabank ATMs will be ten-less by summer.

Started by Breanna72 - Last post by Breanna72

Dean,

Thanks for reminding me how jealous I am about your ability to get paper from your banks. But as someone who doesn't even though I try, (and I started with coin hunting but couldn't deal with the weight and all the rolling), for me it is polymer in quantities that run anywhere between 200-500 notes per transaction.  But regardless of my quantities, the tellers are even more inclined to 'count by hand' if it is a lesser amount -- like 100 - 200 notes as it doesn't take as much time.  This has to be a problem for the bottom line of the banks.
 IMHO the more they try to put polymer through counter counting machines and it fails, the more notes are being damaged adding to the problem.  What's the fix -- better counting machines?  Banks buy newer notes from the mint?  Or, perhaps they are trying but not succeeding and if so, why?

I wonder if, as collectors that move from branch to branch within our own banks, or even those note hunters that have bank accounts at all the major banks, we are in a better position to recognize and discuss this type of thing.

So jealous!  :'(
Breanna

Started by Breanna72 - Last post by Dean

For weeks now anytime I visit branches of my bank the tellers have been counting notes by hand.  Today, they didn't even try to use the counting machines.  I know they issued polymer because it was supposed to last longer, but the folded corners no matter how small are catching on other notes in the counting machines rendering them useless for aging 5, 10 and 20 dollar notes which causes me to ask ... are the polymer notes lasting as long as the BOC expected?
Cheers,
Breanna

As someone who has access to piles of mutilated banknotes from multiple banks, I have observed that paper money is still being handed in in large volumes; mainly journey $50s and $100s.

As for the longevity of polymer notes, of the mutilated piles that I have searched through, 80% or so is composed of polymer notes and this is notmal, considering that paper notes were withdrawn so long ago.

What is interesting is that of the mutilated polymer notes, the majority of them are $5s $20s and $50s. Again, not at all surprising since $20s and $5s are heavily used.

I expect to see more mutilated $50s as time goes by.  As inflation continues, I expect for the $50s to become the new "workhorse" denomination.

Dean

90   General Forum Comments / Bank no longer using counting machines

on March 05, 2024, 02:31:51 pm

Started by Breanna72 - Last post by Breanna72

For weeks now anytime I visit branches of my bank the tellers have been counting notes by hand.  Today, they didn't even try to use the counting machines.  I know they issued polymer because it was supposed to last longer, but the folded corners no matter how small are catching on other notes in the counting machines rendering them useless for aging 5, 10 and 20 dollar notes which causes me to ask ... are the polymer notes lasting as long as the BOC expected?
Cheers,
Breanna
Pages: 1 ... 7 8 [9] 10

Login with username, password and session length