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<p>[QUOTE=&quot;Orange_Crush, post: 9377, member: 988&quot;]I work for a major bank in something akin to a very VERY large vault.</p><p><br /></p><p>There&#039;s one burning question that&#039;s been bugging me for a while.</p><p><br /></p><p>At the bank, we have several washing-machine-sized coin sorters for processing incoming coin. If you&#039;ve ever been to a supermarket that has one of those &quot;CoinStar&quot; machines that you can dump large amounts of loose change in and it prints a receipt for you to go get cash from customer service (minus a fee, of course), it&#039;s like an industrial version of one of those.</p><p><br /></p><p>Now, when we dump coin into the machine, it passes under a magnet. Since U.S. coin is mostly zinc, it slides right by the magnet into the sorter. Most foreign coin (Canadian, British, Euros, several Latin American coins to name ones I&#039;ve specifically seen), however, is mostly steel and will stick to the magnet and not go into the sorter.</p><p><br /></p><p>What I&#039;m wondering is, 1.) how did the United States mint swing that little gem? How come we get to use non-magnetic coin, while so many other countries are using magnetic coin???</p><p><br /></p><p>and</p><p><br /></p><p>2.) I&#039;m all the way down in Florida, although we get a pretty remarkable amount of Canadian coin (yeah, tourists! ) . . . but c&#039;mon . . . There&#039;s *gotta* be more U.S. coin winding up in Canadian bank vaults than vice versa . . . so how do their coin sorters separate large quantities of U.S. and Canadian coin? Bear in mind, these machines are expensive as-is, so an elaborate system of electromagnets and conveyor belts is just not practical, and the other approach--saying &quot;heck with it&quot; and sorting the U.S. coin with the Canadian coin could have some seriously negative effects on banking and currency exchanges.</p><p><br /></p><p>Any thoughts would be greatly appreciated.</p><p><br /></p><p>Thanks!</p><p><br /></p><p>-OC[/QUOTE]</p><p><br /></p>

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