I am sure, like me, a lot of you guys/gals have Canadian money in your collection. After several years of accumulating, I am wondering if there is a way to exchange what I have and if any of you have used an avenue for exchange. I have everything from cents to currency. I assume the paper is not that hard to exchange, but what about the small change. I looked at prices for shipping to Canada, that being dependent on if I found a place to ship it, and that was prohibitively expensive.
Do you live near an airport that has international flights? If so, there's most likely a currency exchange office in the terminal. That would be an easy way to do it.
Well, having family near the Canadian border helps. I plan to just spend all the excess next time I visit and drive a little north. You could list it in Canada's eBay. You'd likely get close to actual value minus shipping and fees.
A US dollar is now worth about $1.33 Canadian, so $300 US would be $400 Canadian and, inverting that, a Canada dollar is worth about 75 cents US . Federal Reserve Banks in the US will exchange the paper money, but not the coinage. The coins you would have to get to Canada to cash or spend. The coin machines up here take a 15-18% cut to convert to paper money. It is WAY too expensive to ship to Canada and Canada EBay would cost an arm and a leg ... postage PLUS their huge cut.
Is it truly that expensive to ship to Canada? Also, if you have $400 Canadian, I'd rather have $250 US than a bunch of coins I can't use... I guess one must decide where to draw the line.
The closer you are to the border the more likely it's just part of the standard money supply. I can get and give canadian coin money as payment. Canadian Paper money though needs to go through a conversion at airports, bridges, etc.
I never liked these cheap sleazy bums in Maine bars and restaurants, who would give you Canadian change when you paid your tab in US dollars, (in order to save a few cents) and then not accept them as currency. I guess they just assumed since the money was virtually worthless, it would just keep getting recycled as "tips". Tips you can't spend anywhere. There needs to be Coin Star on the border states that accept Canadian coins, and return US Dollars. (Minus their usurious fee.)
Here in Canada I have never had a problem with exchanging currency. As long as the coin is rolled in rolls the Royal Bank has exchanged it without issue. Not worth going through rolls looking for them but I do put them on the side.
Members of my coin club pool their coins and notes and send them north with a person who frequently visits Canada. I've seen a currency exchange at the Indianapolis airport. They were closed and I didn't check to see if they exchange coins. When he gets there he rolls and converts them to paper money then visits Canada coin dealers to purchase older u s coins that we use for door prizes at the coin club meetings. Eventually he will find a dealer with a coin counter who doesn't mind cashing them as sales credit. I give the scratched and damaged coins. The others I use to make Canada sets and starter sets that I sell at my coin club auctions. I use Canada folders for the complete sets. For the partial stripped or starter sets I use blank Whitman folders. Since the Whitman Canada folders were last printed in the early 1960s I don't waste them on partial sets.
Ahem...not sure if this is within the rules, but any of our northern friends here on CT could exchange a message with the OP and let the OP ship the coins to them for exchange rate or close to...
Hi,Mr.Breeze, I have some Canadian coin of different forms nothing about them,I have a silver and red like stick to a magnet do that worth anything money yes or no also have a 1927 nickel and old penny.
Back in the pre-9/11 days off jumping the border with a state ID, I was in Canada frequently. I'd play the exchange game - the rates were usually different at the border than they were further in, and there was money to be made. I haven't been to Maple Land since though.
Many years ago in a tourist town in southern New Jersy, when I was a kid, I had the bright idea of buying $300 of Canadian coins from a bank. You see a lot of these Canadians had no idea that their coins had silver and would spend them. I was very happy to find 10% of the whole bag was silver. Then the problem was "how to get rid of the rest of them". I tried everything. Eventually my parents came to the rescue and were able to spend all $270 of them for face value in the US.
