[Merged] Change your coins using machine at TD Bank, FREE

[Qube]

http://dan.matan.ca/TD-Canada-Trust-Bank-Locations-With-Coin-Sorter-Counter

Very cool. Very free. No more stupid Coin-star machines with high fees...


Get Rid of that Spare Change!

Like many US banks have been doing for the past decade, TD Canada Trust is running a pilot project that puts automatic coin counting machines into branches. I'm not sure of any other banks in Canada that have the same system.

Now, since this is a pilot project of TD/Canada Trust Bank, it could be expanded, changed or ended at any time. I'm not sure if they're doing anything outside of Ontario.

These automatic coin sorter/counting machines let you bring in your unwrapped mixed coins, dump them in a machine, and then (I presume) you can deposit it into your TD account. I'd guess you must be an account-holder to do this (actually, read below for more details). At the moment, their service is fee-free.

Many grocery stores, like Dominion, and I think even the Canadian Tire in downtown Toronto on Bay street have these machines, but their fees can be pretty hefty (like 7-10%, ouch!).

Anyways, I managed to email TD and get a list of locations in which they are pilotting these things, which can save you a ton of time. Too bad they don't have one in downtown Toronto (which I can't quite figure out why, it's where TD bank's headquarters are located).

TD Canada Trust With Automatic Coin Sorter/Counters:

10908 Hurontario Street (at Wanless) Brampton, ON. L7A 3R9
1440 Royal York Road (at Eglington) Etobicoke, ON M9P 3B1
808 York Mills Road (at Leslie) Toronto, ON. M3B 1X8
5000 New Street (at Appleby Line) Burlington, ON. L7L 1V1
5887 Main Street (at West Lawn Cr) Stoufville, ON. L4A 1N2
1684 Danforth Ave (at Woodington) Toronto, ON. M4C 1H6
1119 Fennell Ave E. (at Upper Ottawa) Hamilton, ON. L8T 1S2
1260 Commissioners Rd W (at Boler) London, ON. N6K 1C7
1005 Ottawa Street N (at River Road) Kitchener, ON. N2A 1H2
1365 Fanshawe Pk Rd W (at Hyde Park) London, ON. N6G 0E3



Finally found a similar thread: http://www.redflagdeals.com/forums/showthread.php?t=624678

[kungpowchicken]

Enough with the pilot project - when are they going to start rolling these out nation wide? (Asks with 5 pounds of coins jingling in each pocket:lol:)

[bhuachua]

Nice find op. Time to clear the penny jar and start Christmas shopping with the help of RFD :D.

[HBTRLac]

Good idea, but why are there no locations out in the west?

[flito ray]

good stuff i guess i won't be paying with pennies in a sock anymore from now on!

[jane22]

wish there was a free one in Ottawa

[rogeryen]

hmm i just found out this from google 2 days ago lol

[Hugh Jass]

Any update since then?

Great idea.

Sucks to be the one that owns that coin counter business in grocery stores though. Game over for them.

[Qube]

hmm i just found out this from google 2 days ago lol

And you didn't post it... why? Shame on you! :lol:

[kuzi]

guess where I'll be tomorrow after work??? I've got a tonne of coins that I've been meaning to roll for 2 years now (probably over $500 worth...this will save me a lot of time and hassle...if this works, it will be the most useful post of the year for me...thanks a lot OP!

That one guy in the article said he banked $1900 worth but I think he mentioned he maxed out the machine...WOW!!!

[trellaine201]

http://dan.matan.ca/TD-Canada-Trust-Bank-Locations-With-Coin-Sorter-Counter

Very cool. Very free. No more stupid Coin-star machines with high fees...



Finally found a similar thread: http://www.redflagdeals.com/forums/showthread.php?t=624678

Hallelujah! It's about time. I would be willing to pay a small fee if need be. I have a bunch of coins hanging around as most people probably do.

Good find. Now I need these out west. :)

[user01]

Wow thanks OP! I had always spend my changes in one of those Home Depot self-serve machine as I had no other places to use it up. I will definetely take advantage of this!!!!! :lol::lol::lol:

[switchblade baby]

Ugh. I wish they had more of these at more convenient locations.

Btw I think these are Penny Arcade coin-counting machines. I heard that they could be less accurate than the Coinstar machins that -do- charge you something.

http://soundmoneytips.com/article/2715-tip-for-using-coin-counters

"In 2004, a Wall Street Journal reporter tested coin-counting machines at a couple of local banks. The reporter began with equal piles of $87.26 worth of
pennies, nickels, dimes, and quarters. After inserting the coins the reporter witnessed some astonishing results. The machines at both Commerce Bank and
Coinstar calculated less than the amounts the reporter had provided. Commerce Bank's Penny Arcade missed by $7.02, and Coinstar by $0.57. Go figure!"

I guess there are pros and cons for both. I think the Coinstart machines here only give you credit to use at the store you made the transaction at. That and they charge you about 10% to use their machines.
Do the TD Penny Arcade ones give you cash back?

[hungryfordeals]

Finally found a use for TD Bank, eh?

[andrewmp]

Getting your change counted for you for a fee is no deal!

[Kasakato]

Getting your change counted for you for a fee is no deal!

But getting them counted for free..is? I dont get your post.

[shawn99]

That's why I always count my coins by hand and put 'em in the paper roll and trade for cash. You can do this while you watch tv.


Ugh. I wish they had more of these at more convenient locations.

Btw I think these are Penny Arcade coin-counting machines. I heard that they could be less accurate than the Coinstar machins that -do- charge you something.

http://soundmoneytips.com/article/2715-tip-for-using-coin-counters

"In 2004, a Wall Street Journal reporter tested coin-counting machines at a couple of local banks. The reporter began with equal piles of $87.26 worth of
pennies, nickels, dimes, and quarters. After inserting the coins the reporter witnessed some astonishing results. The machines at both Commerce Bank and
Coinstar calculated less than the amounts the reporter had provided. Commerce Bank's Penny Arcade missed by $7.02, and Coinstar by $0.57. Go figure!"

I guess there are pros and cons for both. I think the Coinstart machines here only give you credit to use at the store you made the transaction at. That and they charge you about 10% to use their machines.
Do the TD Penny Arcade ones give you cash back?

[watching]

Uhhhh....before you all roll up those coins here's a site that might benefit you

http://www.stanford.edu/~clint/cp/

A 1921 Canadian nickel can be worth up to 30K.

[rad456]

Any one know if any casinos stil use coins? Used to take my nickels and quarters to them

[belowzeros]

anyone know how you get your converted money? do you need to have a TD account or does the machine dispense bills or go to the teller etc...I don't want to have to stand in line to get my bills.

[Hugh Jass]

Uhhhh....before you all roll up those coins here's a site that might benefit you

http://www.stanford.edu/~clint/cp/

A 1921 Canadian nickel can be worth up to 30K.

Wow. Great site.

[sportmiester]

Thanks for the info:)

[halflife150]

Uhhhh....before you all roll up those coins here's a site that might benefit you

http://www.stanford.edu/~clint/cp/

A 1921 Canadian nickel can be worth up to 30K.

And a 1911 loonie worth up to 750k. But according to the site, all those high prices are for mint condition coins, which basically means coins that haven't been in circulation. So even if you're lucky enough to snag a really old coin by accident, it is likely going to be in very bad condition and therefore worthless.

[Ramune]

A 1921 Canadian nickel can be worth up to 30K.

Strictly speaking those weren't nickels, they were five cent pieces, since they were made of silver. The nick-name "nickel" came to be used later when the metal was changed. Of course, we probably shouldn't call the current coins nickels either, since they're made of steel now...:)

[watching]

And a 1911 loonie worth up to 750k. But according to the site, all those high prices are for mint condition coins, which basically means coins that haven't been in circulation. So even if you're lucky enough to snag a really old coin by accident, it is likely going to be in very bad condition and therefore worthless.

There are higher gradings than MS65,

MS-70 Perfect Mintstate (Theoretical perfection - and therefore not used)

MS-69 Superb Mintstate

MS-68 Superb Mintstate

MS-67 Superb Mintstate

MS-66 Gem Mintstate

......which is more along the lines of what you're saying. However, if you have a 1921 nickel (or 5 cent piece to be picky), I'll buy it off you for $2. :)

[watching]

Wow. Great site.

Note that the site hasn't been updated in quite a few years. It's fine to use as a reference though, should you pick up some old coins. If you do have old coins, the most currently published Charlton Coin Guide is a good investment as it explains the grading system as well as the current value of coins.

[vorthex]

anyone able to explain what G4 VG8 F12 VF20 EF40 AU50 MS60 MS62 MS63

means?

[Dash]

sounds like a sweet idea. too bad none of those branches are close to me. Hopefully they expand.

[o_canada_a]

anyone able to explain what G4 VG8 F12 VF20 EF40 AU50 MS60 MS62 MS63

means?

good
very good
fine
very fine
extra fine
almost uncirculated
mint state.....

these are the grades that coins are classified and graded. Based upon circulation and the amount of rubbing/handling and the clearness of features. Hope that helps.

[Hugh Jass]

anyone able to explain what G4 VG8 F12 VF20 EF40 AU50 MS60 MS62 MS63

means?

I had the same question but rather than ask, I googled it and had the answer in 20 seconds. Amazing eh? You should try it. ;)

[myapple]

good
very good
fine
very fine
extra fine
almost uncirculated
mint state.....

these are the grades that coins are classified and graded. Based upon circulation and the amount of rubbing/handling and the clearness of features. Hope that helps.
in coin talk, "good" actually means pretty bad (aka most of the detail is rubbed off the face of the coin).

[watching]

anyone able to explain what G4 VG8 F12 VF20 EF40 AU50 MS60 MS62 MS63

means?

About Good aG-3 This is a very heavily worn coin with portions of the lettering, date and legends being worn smooth and the date may be barely readable.

Good G-4 This is a heavily worn piece with all major designs visible, though in little more than outline shapes with very little central detail. There may be faintness in some areas, but all lettering should be readable.

Very Good VG-8 This is a well worn piece with most of the larger details of the designs being worn nearly smooth.

Fine F-12 There is moderate to considerable even wear and although the original designs are recognizable and all lettering visible, they have some weaknesses and lack details.

Very Fine VF-20 There is moderate wear on all of the high parts of the coin and the designs and lettering have lost much of their sharpness. The original mint lustre is virtually gone.

Very Fine Plus VF-30 There is a light even wear on all but the most protected surfaces, and the details on the high points are worn, though there is still some sharpness to the major design features and lettering. Traces of original mint lustre remain in the most protected areas.

Extremely Fine EF-40 There is light wear on the high points of the designs, but there is still an excellent overall sharpness. Considerable mint lustre will still show in the protected areas.

Choice Extremely Fine EF-45 There is a very light overall wear on the coin’s higher points, though all of the design details are very sharp. Mint lustre is still prominent on many areas of the coin’s surface, though mainly in protected areas.

About Uncirculated AU-50 There are traces of wear on most of the higher areas of the designs and considerable disruption is seen in the larger fields. At least half of the original mint lustre is present.

Choice About Uncirculated AU-55 There are only small traces of wear visible on the highest points of the coin. Wear often occurs in different spots on different designs, and the larger fields will show some surface disruptions, however much of the original lustre is intact.

Very Choice About Uncirculated AU-58 There are only the slightest traces of wear visible on the highest points of the coin, frequently, they are little more than lustre breaks. A light halo of hairlining might be visible as the coin is rotated in the light, and there may be a few rubs in the larger fields.

Typical Mintstate MS-60 The surfaces of an MS-60 coin will often have what is often described as a "baggy" look, with a numerous "bag marks" or "hits" of varying sizes depending on the hardness of the metal. And, while it is usual to expect an MS-60 to look a bit beat-up, if any of the hits are abnormally large or deep, they need to be described separately. The strike may be soft or weak, and the lustre may be impaired by a dullness from over dipping and be much less than expected on a new coin of its type. There is, however, no wear on the surfaces of the coin.

Choice Mintstate MS-63 Generally speaking, this can be thought of as a nice example of Mintstate coin which does not meet the exacting quality requirements of a Gem Mintstate coin. An MS-63 coin will be an attractive and quite typical example of a "new" coin of its type with a strike that is typical for the series. There will be a number of surface marks, but not too many, too large nor too awkwardly placed so as to be a distraction. And, while the lustre is usually attractive, it may be somewhat subdued or there may be some dull areas. Frequently, an MS-63 coin is an MS-65 coin that has a slight deficiency such as one too many hits. Also very often, one of the grading factors will be of a high quality not normally seen at this grade and will compensate for a weaker factor, such as superb lustre balancing a weak strike, or diminished lustre being propped-up by near flawless surfaces.

Gem Mintstate MS-65 There is a definite look of quality to an MS-65 coin that easily distinguishes it from lower grades of Mintstate. On initial examination, with the naked eye, the piece will appear nearly perfect. A more detailed examination will uncover minor flaws. The strike will be no less than that typically seen for the series, and the surfaces will have only slight marks that will not distract from the overall appeal of the coin. The lustre will normally be better than that usually seen on Mintstate coins of its type. It is not unusual that one of these factors will be well above the required level and will compensate for another factor which is a bit below standard. Virtually flawless surfaces may, for example make up for subdued lustre or a slightly weak strike.

Superb Mintstate MS-67 Pieces of this quality will immediately catch the experienced eye and will appear as perfect coins to most other graders. They are distinguished by their full (or very nearly full) strike, superb, virtually flawless surfaces and superb lustre. If there are any shortcomings or detractions, they are not initially obvious, but will be discovered only after extensive study under magnification. These are exceptional pieces, rarely seen.

Perfect Specimen, Perfect Proof SP-70, PF-70Although rarely seen, these are attainable grades, since Specimens and Proofs are generally double struck on specially prepared, polished blanks using specially prepared dies on a slow, high pressure press, and the pieces are immediately hand picked off the press with gloved hands and carefully placed in protective holders.

Perfect Mintstate MS-70 is a theoretical perfection. To achieve such a grade, the planchet will have to have been perfectly formed, and have flawless, lint-free surfaces. The dies will have to have been in new condition and raised from unworn masters, and the dies will have had no lint, dust, oil or other contaminants on their surfaces. The coining press will have been perfectly adjusted to give a full strike to the coin, which will then have received no marks upon being ejected from the press, nor in its slide down the chutes and sorting tables/grids and into a receiving bin. Nor will it have been marred by all the other coins following it into the bin, nor from the dumping and counting into bags for distribution. Such a coin is not possible. We are dealing here with an automated process that manufactures "Business Strikes" intended for daily commerce.


See here for pics of coins graded per above

http://www.coinoisseur.com/GradingCoins.html#COIN%20GRADING%20SYSTEMS

[CCCC3333]

There are higher gradings than MS65,

MS-70 Perfect Mintstate (Theoretical perfection - and therefore not used)

MS-69 Superb Mintstate

MS-68 Superb Mintstate

MS-67 Superb Mintstate

MS-66 Gem Mintstate

......which is more along the lines of what you're saying. However, if you have a 1921 nickel (or 5 cent piece to be picky), I'll buy it off you for $2. :)
All of the major coin grading companies (PCGS, NGC, etc.) use MS70.

[Topher]

Strictly speaking those weren't nickels, they were five cent pieces, since they were made of silver. The nick-name "nickel" came to be used later when the metal was changed. Of course, we probably shouldn't call the current coins nickels either, since they're made of steel now...:)

Silver 5 cent coins were only minted up until 1920, so you're off by a year.

[Ramune]

Silver 5 cent coins were only minted up until 1920, so you're off by a year.

Nope - the last silver 5¢ pieces were minted in 1921 (.800 fine silver). They're rare - that's why they're worth so much. The mint melted most of them down after deciding that year to switch to nickel (see Coins of Canada, J.A Haxby). Only about 400 survived.

https://www.jandm.com/script/getitem.asp?CID=3&PID=84

[Nikita]

Uhhhh....before you all roll up those coins here's a site that might benefit you

http://www.stanford.edu/~clint/cp/

A 1921 Canadian nickel can be worth up to 30K.

Very helpful site, along with all the other info, thank you! Yes, watching, I'm actually thanking you for something, must be the season...;)...lol. Seriously though, my mom has been collecting coins all her life and has a whole whack of them that her mother had collected before her. I'm sure this site will be helpful, as well as the references to books. Looking in a bookstore is like bobbing for apples, I don't know which books are accurate and helpful and which ones aren't.

[Nikita]

Any one know if any casinos stil use coins? Used to take my nickels and quarters to them

Not at Caesars Windsor. I'm sure they'll still change them for you but no they're not used in the slots or any other gaming.


And a 1911 loonie worth up to 750k. But according to the site, all those high prices are for mint condition coins, which basically means coins that haven't been in circulation. So even if you're lucky enough to snag a really old coin by accident, it is likely going to be in very bad condition and therefore worthless.

They weren't making loonies in 1911...to be overly technical,they were making silver dollars.

Edit: actually I'm only assuming they were 'silver' dollars back then, just that those are the earliest dollar coins I can remember.

[Topher]

Nope - the last silver 5¢ pieces were minted in 1921 (.800 fine silver). They're rare - that's why they're worth so much. The mint melted most of them down after deciding that year to switch to nickel (see Coins of Canada, J.A Haxby). Only about 400 survived.

https://www.jandm.com/script/getitem.asp?CID=3&PID=84

You are correct. My mistake. I, however, being a mere mortal, will probably never even see one in my lifetime. :)

[twotterdhc6]

Coin-counting machines already exist in banks, for example, the BMO branch inside Square One, Mississauga. I don't own a BMO account, so I don't know the details (fees etc) but this TD pilot project is definitely not the first.

[Topher]

Coin-counting machines already exist in banks, for example, the BMO branch inside Square One, Mississauga. I don't own a BMO account, so I don't know the details (fees etc) but this TD pilot project is definitely not the first.

If there are other banks with the free coin counters, then they're not making it known. I use CIBC and RBC and both make me roll my own coins. CIBC even makes me write the account number on the side if it's not the clear plastic wrapper. I'll have to check out the BMO since I don't live too far from it. I always have lots of loose change to dump, this would just let me do it much faster.

[NFN_NLN]

I had the same question but rather than ask, I googled it and had the answer in 20 seconds. Amazing eh? You should try it. ;)

Since you didn't post the answer you're actually more useless than the guy that asked the question. What makes more sense: hundreds of people googling the same answer wasting a collective time measured in hours OR actually posting the answer.

You should try stuffing a wang in your mouth. I think you'll find it amazing.

[Cheapo-Findo]

ouch

[watching]

All of the major coin grading companies (PCGS, NGC, etc.) use MS70.

:confused: For what? Anyone can send a coin to be graded, and obviously they aren't all graded MS70. ?????????

[passthatversace]

Anyone know of any in Montreal?

[watching]

Anyone know of any in Montreal?

I think there are only 2 big ones in Canada, CCCS and ICCS. CCCS is in Saint-Basile-Le-Grand

Canadian Coin Certification Service is here: http://canadiancoincertification.com/


ICCS (International Coin Certification Service) is in Toronto.

[mrsmagoo2001]

If there are other banks with the free coin counters, then they're not making it known. I use CIBC and RBC and both make me roll my own coins. CIBC even makes me write the account number on the side if it's not the clear plastic wrapper. I'll have to check out the BMO since I don't live too far from it. I always have lots of loose change to dump, this would just let me do it much faster.

We use BOM for our Scouting group. IF you deposit large amounts of coin (rolled) they hit you with service fees. We just found out the magic number is to deposit under $500 at a time to avoid fees. We have large coin deposits a couple of times a year.

[beripari]

We use BOM for our Scouting group. IF you deposit large amounts of coin (rolled) they hit you with service fees. We just found out the magic number is to deposit under $500 at a time to avoid fees. We have large coin deposits a couple of times a year.

Is this BMO service fee new in the past 6 mos? We deposted almost $2,000 in rolled toonies in early fall & there was no service fee. And, it wasn't even at our own branch!

[mrsmagoo2001]

Is this BMO service fee new in the past 6 mos? We deposted almost $2,000 in rolled toonies in early fall & there was no service fee. And, it wasn't even at our own branch!


We got hit twice last year and managed to get them to reverse the fees. Same this fall. They said they would no longer reverse the fees, so we have to watch our deposits.

[beripari]

We got hit twice last year and managed to get them to reverse the fees. Same this fall. They said they would no longer reverse the fees, so we have to watch our deposits.

Sounds like it's branch specific then & WHO you're dealing with. I'll keep on eye on it but I don't expect any problems. I refuse to even pay for cheques & always ask for charge reversal! Get to know your branch manager!

[Topher]

We use BOM for our Scouting group. IF you deposit large amounts of coin (rolled) they hit you with service fees. We just found out the magic number is to deposit under $500 at a time to avoid fees. We have large coin deposits a couple of times a year.

Good to know. I usually have around $200 or so when I finally roll up my coins and take them back to the bank.

[belowzeros]

i know the big banks all pretty much do it for business accounts. that started at cibc about 3-4 years ago. It's sad that it has trickled down to personal accounts now booooo

[bug]

Anyone know of any in Montreal?

Check your local Maxi grocery store. The one in Greenfield Park has a TD change counting machine near the cashes.

[HowEver]

"How do they do it?"

"Volume."

[tkyoshi]

We use BOM for our Scouting group. IF you deposit large amounts of coin (rolled) they hit you with service fees. We just found out the magic number is to deposit under $500 at a time to avoid fees. We have large coin deposits a couple of times a year.

Are you using a Business type account? Most business bank accounts with any bank have limits on the amount of cash you can deposit "free". Anything above usually has a set fee or %.

For example RBC is $2.25 per $1000 deposited.

[superdsi]

Went to the TD in Kitchener with my bags of change.

Same machine as Coinstar uses (checked later that day).

I used the tray to make sure no U.S. coins went in.

Took me awhile to put my change through.

Once I was done the machine spit out a receipt and I turned around and one

of the tellers gave me my cash $457.11.

I hope all TD banks will have them soon.

[belowzeros]

I used the tray to make sure no U.S. coins went in.

do you have to watch for US coins or is there a mechanism on the machine?



Once I was done the machine spit out a receipt and I turned around and one of the tellers gave me my cash $457.11.

do you need an account?

[sunnyd71]

do you have to watch for US coins or is there a mechanism on the machine?




do you need an account?

I plan to go tomorrow... I have the same question, do you need a TD account?

[tng11]

do you have to watch for US coins or is there a mechanism on the machine?


There's a reject slot at the bottom. A lot of people fail to check it after they dump their coins in- I dug my hand in there and found $4 in US coins with some Euro coins before I dumped all my coins in. You don't need an account at TD to use the machine, you just hand them the receipt and they give you cash back in bills if you want.

[belowzeros]

There's a reject slot at the bottom. A lot of people fail to check it after they dump their coins in- I dug my hand in there and found $4 in US coins with some Euro coins before I dumped all my coins in. You don't need an account at TD to use the machine, you just hand them the receipt and they give you cash back in bills if you want.


very nice, thanks for the info

[blissfull811]

any TD Vancouver location or any no fee coin counting machines?

thanks!

[shiner]

surprised that the TD tower across from union station doesn't have it yet. I figured it would since it's downtown with all the other financial buisinesses

[HammerRFDer]

any TD Vancouver location or any no fee coin counting machines?

thanks!
According to TD, it's just a trial in London and Toronto for now (and if you're not from those two areas, I'll let you know that Kitchener and Hamilton are at least an hour away from those places!).

[alaycia]

I wonder if this is due to the Currency Act that they can charge these fees? Technically speaking retailers don't have to accept payment in coin over a certain amount. I don't know if this stands for banks as well receiving mass deposits of coin? Seems kind of silly. Wikipedia (our ever so accurate source haha) states:

Legal tender of Canadian coinage is governed by the Currency Act which sets out limits of:

* 40 dollars if the denomination is 2 dollars or greater but does not exceed 10 dollars;
* 25 dollars if the denomination is 1 dollar;
* 10 dollars if the denomination is 10 cents or greater, but less than 1 dollar;
* 5 dollars if the denomination is 5 cents;
* 25 cents if the denomination is 1 cent.




We use BOM for our Scouting group. IF you deposit large amounts of coin (rolled) they hit you with service fees. We just found out the magic number is to deposit under $500 at a time to avoid fees. We have large coin deposits a couple of times a year.

[wysiwyg]

Bump to remind everyone about this great service. Used it today. No sweat! Cashed in $62 worth of pennies->quarters in minutes. Not a TD customer and this was not an issue (wasn't even asked). The TD branch I went to (York Mills) also has free use of a heavy duty shredder that does CDs as well.

[RiCHC3]

If I'm not mistaken, alternatively you can just take it to a casino (the coins) -- mainly for people outside of the participating TD bank locations.

[beripari]

If I'm not mistaken, alternatively you can just take it to a casino (the coins) -- mainly for people outside of the participating TD bank locations.

That "may or may not be true - may be a little more difficult nowadays than in the past when coins were actually USED in casinos! They may no longer have "coin" counters (?) since play nowadays is all with paper. But, I can assure you from past experience, even for those going to a bank, be very careful how much coinage you take -- it weighs a ton & you can easily strain a back or a shoulder! I like to use banks that basically have front door parking - and even then its difficult!

[lyrath]

thx!

[angryconsumer]

I hope this 'pilot project' doesn't get cancelled soon.

A few months ago I picked up an old ScotiaBank pamphlet I had of which the sole purpose was to advertise a ScotiaBank coin-counting machine on it which they installed in their local branch, which there was no fee to use if you had an account.

I had finally decided to do something about all my loose change, and so I called them up to see if the machine was still there. At first they said no, and had no idea what I was talking about. Then they put me on hold and told me it was a pilot project at 2 locations, that got cancelled.

The pamphlet even had a word that was a registered trademark for the ScotiaBank-specific machine. But now the machine no longer exists.

I ended up getting coin rolls for free from my local bank, and rolling all my coins myself. I thought it would take eons but actually it wasn't so bad, didn't really take that long. I advise anyone to do the same rather than being scammed with ludicrous fees from coin-counting machines in supermarkets. Or use the machines described in the OP, if/while they last.

[beripari]

Re rolling - not fee but the dollar store sells bags of the plastic "snap-type" coin rolls. Much easier & faster than the bank type, especially if you've got tons of coins to roll!

[YLSF]

If you aren't in the TD Bank area offering this I also posted a "coinsorter" deal on the hot deals section:

http://www.redflagdeals.com/forums/showthread.php?p=8414880#post8414880

[belowzeros]

I used the service at TD...recovered $388.47 woot.

such a great painfree service. they didn't even try to hardsell me on TD services or to open an account :)

[T3rry]

i just talked to a TD rep and he says that right now it's still just an ontario pilot and if the demand is there and warrants it, they'll be rolled out to more locations (hopefully outside of ontario) in q4 (so basically by the end of the year we might see them out west).


I hope they bring them here, i have well over $2000 in coin I'd like to take there :)

[speedyturtle]

Went to the TD bank on leslie, the machine is next to the teller on the far right. The staff who greeted me in was very friendly. I asked if I need to be a TD bank customer, and he said no, but would like be to become one. I told him I will think about it. Then he walked me to the machine and even helped me loading my 'collection' onto the machine. In and out with cash in less than 10 minutes.

Thanks OP.

[1jVu]

bump!
went to the one at royal york, $620!!!

i had some stubborn toonies that had nothing wrong with em kept coming out of the rejected coins slot though.

but anyhow the clerk was very nice to me and tried to sell me a td bank acc as well and i said no thanks and she gave me my 6x100 1x20 and i was off

recommended!

[HammerRFDer]

Here's my followup review from Coin Counters at TD Bank Followup Review (http://dan.matan.ca/TD-Canada-Trust-Coin-Counting-Machine-Review-Experience):


Well, I finally got the chance to use the machines myself.

It took me about 17 minutes to get $321 in change counted (which consisted of around ~2600 pennies).

There's a touchscreen on each unit that you need to use before you start. It has some helpful info and directions on using the machine, don't get too distracted about putting your change though, take a look at it before you start and every once in a while when you're sending your coins through.

The machines are made by Coinstar, or at least that's what is mentioned on the back of the vouchers.

The machines do have a little pinpad and card swipe, but that's for employees to work on the machine, not for you.

Basically, you just go in, dump your coins in, and then you manually slide them over. The thing is fast, but it's not completely automated. At the bottom of the machine, in a little port that I find a bit too small for my hands, is where you can pick up the rejected coins, I suggest running them through a couple times, as they'll sometimes go through the second or third time around.

American vs. Canadian Coins

One thing that I did find is that the machines WILL take american coins and count them as Canadian coins, so while you're sliding them along, look out for the big money (American quarters), though unless you have a lot in there, it may not be worth your time. You actually agree to this on the screen prompt before starting.

The machines do reject silver coins, so you can easily increase your own collection.

If you feed in coins too quickly, it'll actually close it off and mention it on the LCD screen. I thought the machine had been plugged up with my coins or badly jammed, but not so.

If you stop feeding coins for a little bit (eg: take a break, or spend a while opening up another set of coins), the machine will think you're finished and start printing out a voucher, feel free to start again though.

Vouchers need to be cashed the same day. Everyone that uses the machine gets a voucher that they then need to wait in line for in order to cash in or deposit.

It's a VERY good idea to call the branch in advance and ask them if the machine is operational, I wouldn't be surprised if they go down and then sit for a few days waiting to be fixed.

I had all of my coins in some kind of double-bag, and then put them all in a corrugated box, so in case one of the bags started leaking coins, I wouldn't be worrying. Don't pack each bag too much, because the hopper on the machine can only hold so many coins and you could end up spilling coins.

[lizardlips]

Thanks for the info HammerRFDer :) Very helpful!

[way2quik]

Nice.
Now if only this was available in Vancouver.
I had a whole carton of pennies and a jar of dimes and nickels and quarters. =p

[junnemam]

AWSOME! I hate those fees at Dominion.
Plus Bonus I'm with TD!:razz:

[McLaren]

Great machine, used the one at leslie on the weekend, spit out 110 dollars, however the machine did say it needed servicing afterwards, i guess it got jammed.

[NoCadName]

I once read that TD was offering it. Is the coin counting still going on? if so where on their website does it list locations (in canada--all I found was in the US).
thnaks

[lizardlips]

Here's the thread. Don't know if it's still available.

http://www.redflagdeals.com/forums/showthread.php?t=672990&highlight=coin+sorting

[DJ_Peanuts22]

Will this work with US coins?

I have a huge pile sitting at home from a recent shopping trip.

[hagbard]

Nothing like this here, so thank god for car washes.

[belowzeros]

4 buckets of coins and 2 paperclips....don't give the machine paperclips it doesn't like them AT ALL >< hehe

[Hard_Taco]

Screw you pennies!

[convoluted]

4 buckets of coins and 2 paperclips....don't give the machine paperclips it doesn't like them AT ALL >< hehe

I'm curious as to what happens?

[Bookpreviews]

wish there was a free one in Ottawa

St laurent mall just sent me an email saying they have one of these machines that is free but it gives you a mall GC instead.

you can use the mall GC in any store though and shoppers i know sells other store GC's and restaurant,gas ect....

not exactly same as "saving" but if you need stuff at the mall or GC's

[Mirx]

phone the TD location closest to you, ask.

[win-star]

TD Canada Trust With Automatic Coin Sorter/Counters:

10908 Hurontario Street (at Wanless) Brampton, ON. L7A 3R9
1440 Royal York Road (at Eglington) Etobicoke, ON M9P 3B1
808 York Mills Road (at Leslie) Toronto, ON. M3B 1X8
5000 New Street (at Appleby Line) Burlington, ON. L7L 1V1
5887 Main Street (at West Lawn Cr) Stoufville, ON. L4A 1N2
1684 Danforth Ave (at Woodington) Toronto, ON. M4C 1H6
1119 Fennell Ave E. (at Upper Ottawa) Hamilton, ON. L8T 1S2
1260 Commissioners Rd W (at Boler) London, ON. N6K 1C7
1005 Ottawa Street N (at River Road) Kitchener, ON. N2A 1H2
1365 Fanshawe Pk Rd W (at Hyde Park) London, ON. N6G 0E3




They still going on. I recently visit the royal york one

[Raddo]

sorry Newb, no freebie here! Next time try asking your question in the discussion forums or the the finance section! IBTL! :D

[DarkReaper]

sorry Newb, no freebie here! Next time try asking your question in the discussion forums or the the finance section! IBTL! :D

Considering other places charge 10% of what you bring in, I think it still is a freebie.

[toronto2015]

Get Rid of that Spare Change!

Like many US banks have been doing for the past decade, TD Canada Trust is running a pilot project that puts automatic coin counting machines into branches. I'm not sure of any other banks in Canada that have the same system.

Now, since this is a pilot project of TD/Canada Trust Bank, it could be expanded, changed or ended at any time. I'm not sure if they're doing anything outside of Ontario.

These automatic coin sorter/counting machines let you bring in your unwrapped mixed coins, dump them in a machine, and then (I presume) you can deposit it into your TD account. I'd guess you must be an account-holder to do this (actually, read below for more details). At the moment, their service is fee-free.

Many grocery stores, like Dominion, and I think even the Canadian Tire in downtown Toronto on Bay street have these machines, but their fees can be pretty hefty (like 7-10%, ouch!).

Anyways, I managed to email TD and get a list of locations in which they are pilotting these things, which can save you a ton of time. Too bad they don't have one in downtown Toronto (which I can't quite figure out why, it's where TD bank's headquarters are located).

TD Canada Trust With Automatic Coin Sorter/Counters:

10908 Hurontario Street (at Wanless) Brampton, ON. L7A 3R9
1440 Royal York Road (at Eglington) Etobicoke, ON M9P 3B1
808 York Mills Road (at Leslie) Toronto, ON. M3B 1X8
5000 New Street (at Appleby Line) Burlington, ON. L7L 1V1
5887 Main Street (at West Lawn Cr) Stoufville, ON. L4A 1N2
1684 Danforth Ave (at Woodington) Toronto, ON. M4C 1H6
1119 Fennell Ave E. (at Upper Ottawa) Hamilton, ON. L8T 1S2
1260 Commissioners Rd W (at Boler) London, ON. N6K 1C7
1005 Ottawa Street N (at River Road) Kitchener, ON. N2A 1H2
1365 Fanshawe Pk Rd W (at Hyde Park) London, ON. N6G 0E3

[custy]

Sounds great! Thanks for the heads up!

I have some "change" I want to exchange into!

[LonesomeDove]

Safeway used to have them in Vancouver but got rid of them because they kept breaking down. People throw all sort of junk in them, including washers and slugs. So I don't how long they will stay at TD.

[AoiSora7]

Sounds good, heard they had these penny arcades in the states, hopefully they'll put them in nation-wide so we don't have people bringing up boxes worth of coin anymore.


Safeway used to have them in Vancouver but got rid of them because they kept breaking down. People throw all sort of junk in them, including washers and slugs. So I don't how long they will stay at TD.

The states has had them for a while, and since it's in a bank I don't think it'll be as much of a problem...hopefully.

[Shamrock]

They have been there for months although alot of people probably didn't know. Nice service for TD customers.

[sgmtl]

Please tell me if this in montreal?

[vsaint]

still in pilot stage, when are they going to expand?

[Addict]

Thanks for this!

May have to check it out today.

addict

[slowtyper]

I'm been using these machines for a while now, for over a year now I think.

[Sgt_Strider]

Does anyone know if TD will charge a fee to use the machine? I wouldn't mind dumping all of my spare change in there if it's free to use!

[Azxster]

Does anyone know if TD will charge a fee to use the machine? I wouldn't mind dumping all of my spare change in there if it's free to use!

Do you not read?

[hseeng]

thank op

[Sgt_Strider]

Do you not read?

My apologies for ****ing up. It's 3:52 AM here in Vancouver. Give me a break man.

[bellboy26]

Does anyone know if TD will charge a fee to use the machine? I wouldn't mind dumping all of my spare change in there if it's free to use!

read the OP lol,

Question is will people use these machines without being customers of TD.
Be like me walking into a Royal bank(who I dont deal with) just to get their free coffee.

[mavrik13]

As mentioned before, this has been going on for a while. I dumped some change that I've been collecting, turned out to be $50. While I am a TD card holder, what happened was the machine printed out a ticket, which I brought to the customer service counter. I was offered the option of taking cash, or putting it into my TD account. I took the cash, they never looked at my card. YMMV if they will offer you the same thing, but I can't imagine they would allow you to dump your change, but not get cash for your money at the counter.

Awesome machines, wish they had them in more locations.

[Trini100]

dyam ...why can't they put one in sauga???? my familys got a goooooood bit of change to change

[Wrocky]

I can't wait for them to come to Ottawa. They have the machines here in Ottawa at Loblaws (Coinstar) that charge 10% to use and spit out a coupon for that store.

I have trouble with the concept of paying someone to count my money! Perhaps if we ever get rid of the penny, this will ease the problem.

[insanity]

Thanks OP the timing of this is perfect!

[ADRiiAN`]

Awesome. I have about $150 in change to deposit!

[insanity]

Actually I just noticed that this was posted back in 2008 on RFD as well:

http://www.redflagdeals.com/forums/td-bank-change-counter-624678/2/

[net_cord]

My apologies for ****ing up. It's 3:52 AM here in Vancouver. Give me a break man.

That's OK. It's not the first mistake from Vancouver in the past week.:razz:

[DIODIO]

Is there a chance that these machines MIGHT make an error? Since I hate it if they short change me say 1 penny! :lol:

[OracerO]

That's OK. It's not the first mistake from Vancouver in the past week.:razz:

i lol'd.


Seen them around for almost 8 months now.

[MJB]

Thanks OP this is HOT.

I agree the charges/fees they apply in the machine in my local grocery store are crazy. Totally non RFD :D

I did see someone putting 'bags' of coins in the grocery store machine. The cashier said he does this weeky. I suspect he has a business dealing in lots of coin and I couldn't help but thinking he was avoiding the tax man.

[ojibwe]

I remember reading an older thread on RFD where members were pissed about US currency not being counted, but being kept by the machine, also inaccurate counting in general.

[Kurtz7834]

Scotiabank used to have these machines at select locations, and terminated the program, for reasons unknown.

The machines were useful and I often used them to get rid of change in my pocket and put it into my account.

Hopefully this TD Bank initiative lasts and these machines become common.

[Kurtz7834]

Thanks OP this is HOT.

I agree the charges/fees they apply in the machine in my local grocery store are crazy. Totally non RFD :D

I did see someone putting 'bags' of coins in the grocery store machine. The cashier said he does this weeky. I suspect he has a business dealing in lots of coin and I couldn't help but thinking he was avoiding the tax man.

I only used the grocery store machines for pennies. :cheesygri I once got rid of a LARGE amount of pennies that way and paying the small fee was way easier than rolling them.

[evoviii]

I think it's a great convenience. I'm pretty good at using my change and trying to pay exact but this helps avoid counting change. Too bad locations are fairly sparse

[wolverineTO]

They have been there for months although alot of people probably didn't know. Nice service for TD customers.

You don't need to be a TD customer to use these machines. At the end you get a ticket with your total, you can take it to the counter and redeem it for cash. Just did it this week and I'm not a TD customer.

[james3210]

Awesome !! Very handy !!
Thanks OP !!

[Bunyak]

I did see someone putting 'bags' of coins in the grocery store machine. The cashier said he does this weeky. I suspect he has a business dealing in lots of coin and I couldn't help but thinking he was avoiding the tax man.An Ottawa newspaper article on downtown drug dealers noted that they get paid in loonies and toonies, which they dump in the Coinstar machines...

[lorax1284]

Hi; does anyone know if more branches are participating? Specifically, any branches walkable in Downtown Toronto?

[Psenical]

St laurent mall just sent me an email saying they have one of these machines that is free but it gives you a mall GC instead.

you can use the mall GC in any store though and shoppers i know sells other store GC's and restaurant,gas ect....

not exactly same as "saving" but if you need stuff at the mall or GC's

Awesome. Better than Loblaws Coinstar 10% BS.

[junnemam]

Used the Machine @ Leslie and Yorkmills Area
Very Happy with the convience of it :D

[afireinside27]

Anyone know when/if they will be expanding this? There's no coin machines at all in Manitoba.

[mediaarts]

I've just successfully cashed in >$200 of coins (including nearly $20 in pennies) at the branch on the Danforth in Toronto. No hassles, convenient.

Thanks OP

[beripari]

I've just successfully cashed in >$200 of coins (including nearly $20 in pennies) at the branch on the Danforth in Toronto. No hassles, convenient.

Thanks OP

Danforth's a pretty long street - what intersection? Rd. or Ave?

[Huginho]

So can anyone use it or do you have to have a TD account?

[stupidducky]

anyone know if they expanded on this and have more locations?

[akide]

went to the location at york mills and leslie today and the machine had a sign that it was broken =(

[vsaint]

Let's keep this up incase new TD Banks offer the sorter machines.

[lithiumli]

i was there around 4 yesterday and played with it and it was working but as soon as i was done, there was this guy who came in with a HUGE tin of coins, dumping it in there so maybe he broke it...lol


went to the location at york mills and leslie today and the machine had a sign that it was broken =(

[Blaisdell]

went to the location at york mills and leslie today and the machine had a sign that it was broken =(

Has this machine been fixed yet?

I took a peek at a coinstar machine and I believe the fee is now 11.8 cents per dollar.

[Bulwark]

Anyone know if this "pilot project" is still running or if it has expanded to other locations?

[QBert]

Wanted to try the machine, but I'm always afraid it will "accidentally" miscount the coins in the bank's favour. :D

[Smiley09]

Wanted to try the machine, but I'm always afraid it will "accidentally" miscount the coins in the bank's favour. :D

They do miscount. I'm not entirely sure which machines the TD banks in Canada use, but the Commerce Banks in New york that were replaced, and are now TD banks just use the old Commerce Bank coin machines. The one that is aimed at kids saving up money in their piggy bank or something...

There was a test, and I believe they did the worst, in that they missed a lot... Let me look it up...

http://online.wsj.com/article/SB108362887615600954.html

Now, with that being typed, in my 5 minutes of trying to find that site, I did come across some other people testing the coin machines and said they were 100% accurate.

At the end of the day, for me, I had a few hundred dollars in bills, rather than a pile of coins that I was never going to use...

[guy312]

Anyone know if this "pilot project" is still running or if it has expanded to other locations?

I'd like to know too...need a branch in the west end.

[iwantjasper]

Are these still around guys? What's the closest one to downtown?

[themanofsilver]

As mentioned before, this has been going on for a while. I dumped some change that I've been collecting, turned out to be $50. While I am a TD card holder, what happened was the machine printed out a ticket, which I brought to the customer service counter. I was offered the option of taking cash, or putting it into my TD account. I took the cash, they never looked at my card. YMMV if they will offer you the same thing, but I can't imagine they would allow you to dump your change, but not get cash for your money at the counter.

Awesome machines, wish they had them in more locations.

Quick question - which branch in Halifax has the machine? I'm burdened with a huge container of change I'd love to exchange for bills!

[iconicrocket]

Good find and good move on TD's part.

I don't see branch that's near me. :cry:

[cdndsi]

finally found a use for td bank, eh?

+1

[thelefteyeguy]

coming from a BMO customer...thanks TD :cheesygri

$275

[jovunik]

^ Cool, I'm with BMO too.
So you don't need a TD account to take advantage of this?

[belowzeros]

^ Cool, I'm with BMO too.
So you don't need a TD account to take advantage of this?

nope but they usually try to upsell you to one when you redeem your ticket

[Awjvail]

I wish they had one of these machines in New Brunswick... my brother has bags and jars and everything full of his tip money from Tim Hortons... I'm sure he has quite a bit sitting in that drawer.

[jovunik]

nope but they usually try to upsell you to one when you redeem your ticket

Thanks you were right non-TD customers are good. And for the record they didn't try to sell me jack :lol:
(TD Location Yorkmills and Leslie)

I got a whopping $127! wowzers and unexpected

[redkid]

yeah, no more buying $1 paper or plastic rolls to put coins in either !
just bring my jar and dump it in the machine, looking fwd 2 see if i hit $100 again this time, hehe

[Jungle]

Looking to do this at the York Mills and Leslie location!!

[hagbard]

Looking forward to the day these show up in Hooterville.

[ThrilloftheHunt!]

Snippet from the posted Toronto Star Article (Full Story: http://www.moneyville.ca/blog/post/874555--save-your-pennies-td-bank-has-free-coin-counters)

Here is a list of TD locations that offer free coin counters:

135 Father Tobin Rd. Brampton, ON L6R 0W9

10908 Hurontario Street (at Wanless) Brampton, ON L7A 3R9

5000 New Street (at Appleby Line) Burlington, ON L7L 1V1

1440 Royal York Road (at Eglington) Etobicoke, ON M9P 3B1

1119 Fennell Ave E. (at Upper Ottawa) Hamilton, ON L8T 1S2

1005 Ottawa Street N (at River Road) Kitchener, ON N2A 1H2

1260 Commissioners Rd W (at Boler) London, ON N6K 1C7

1365 Fanshawe Park Road West, (at Hyde Park) London, ON N6G 0E3

5887 Main Street (at West Lawn Cr) Stouffville, ON L4A 1N2

1684 Danforth Ave (at Woodington) Toronto, ON M4C 1H6

1966 Young Street (at Imperial) Toronto, ON M4S1Z4

808 York Mills Road (at Leslie) Toronto, ON M3B 1X8

156 Ouellette Ave Windsor, ON N9A 1A4

[softballguy]

I think in order to get machines at other branches you should probably enter your postal code when you begin

[rapsrealm]

Used the machine today. Got a $135 and didn't have any hassle from the CSR.

[Mikus007]

I just went to the machine in the bank on Royal York just north of Eglinton (1440 Royal York Rd.)
Put in my money, it came up to about $75. I grabbed the handful of change that was in the coin return and counted it at $1.44 then put it back in.
It came up as $1.19. Brought it up to the teller but she didn't seem to care or do anything about it. I should have been pissed but at least I've got some money in my hands instead of a pile of pennies and nickels.

If you used the coin star at the grocery store you'd probably get miscounted, and then they deduct an extra 12% on top.

[jacobe]

I just went to the machine in the bank on Royal York just north of Eglinton (1440 Royal York Rd.)


I went to this location yesterday to redeem 4364 pennies :lol:

I was in there around noon and nobody was using the penny arcade. It took me about 15 minutes because I had the pennies rolled up so I had to unroll each roll. Luckily, my amount was never miscounted. I enjoyed the whole experience thoroughly. I like to drop small coins into vending machines so hearing the coins clinking inside the machine made me happy. When I was done and in line to redeem my money a man came in with two medium sized jars filled with pennies lol

I hope this service stays free for good.