When we empty out our giant tip jar every week at work, we have it counted through a Coinstar (for free, luckily). And of course, it rejects tons of coins, mostly (current) Canadian coins. I've been collecting them out of sheer habit, and now I have a 10.00 roll of quarters and a 5.00 roll of dimes (both Canadian). Obviously, no coin store will want these, so aside from having them converted (which I don't think would be worth the fee), what can I do with these? I feel like they're worthless, but don't want to just throw them away. Any ideas?
I have less Canadian coins but I am shipping mine to a buyer in Maine. Don Olmstead PO Box 135 Calais, ME 04619
Haha, yeah, if I lived in Seattle, this wouldn't be a problem, but Boston is too far away. Maybe the wife and I will take a road trip to Montreal or Quebec this summer, and I'll spend them all there. It's too bad there was no silver in the bunch. Plenty of '68's, though... "A quarter is always worth a quarter...unless it's Canadian."
I save mine up (probably$15-$20) and I'm headed to Toronto in a couple weeks. I go about once a year or so. The Canadian dollar is up....highests its been in 30 years.
Canadian coins - what to do with them? My suggestion is to save them up and next time you are going to Canada, bring them over. Another alternative suggestion is to save them up, and when you are hear of someone you know going to Canada, sell the rolls to them for the exchange rate, or for face value (Note: The way the Canadian dollar is rising nowadays against the US dollar, we might be at par in a year or two with you guys). They can easily spend them over here no problem. Don't throw them away.
If you can wait and don't have a trip to Canada planned, just hold on to the coins. The loonie has been appreciating relative to the US dollar and may go to parity or even a premium within a year. A couple of years from now some merchants might even PREFER to take Canadian coins over US. Even if this doesn't happen, you may be able to sell what you have to a coin shop, acquaintances or coworkers at face value once the Canadian dollar becomes worth more than the US dollar. This is no sure thing, but more people will begin to collect Canadian coins once the discount disappears.
