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One of the local CIBC branches just cut off my nickel roll pickups ($40 to $100 worth per week)

Reason: They just installed a coin machine and they fully expect not as many people to roll up and deposit the "standard way".

I can still use them (and will greatly appreciate) nickel roll dumps after I'm done, but the pickups at that branch are done.

No pennies at all, and branches starting to limit nickel pickups... This hobby is going to be disappearing for me soon.

That has happened to most of us at one time or another.

yea i have had a few banks tell me they cant give me any....but i manage to get atleast 10 rolls

ZenOps wrote:One of the local CIBC branches just cut off my nickel roll pickups ($40 to $100 worth per week)

Reason: They just installed a coin machine and they fully expect not as many people to roll up and deposit the "standard way".

I can still use them (and will greatly appreciate) nickel roll dumps after I'm done, but the pickups at that branch are done.

No pennies at all, and branches starting to limit nickel pickups... This hobby is going to be disappearing for me soon.

tell them you are moving your accounts to a competitor.

Did you ask to buy the bags as they fill up?

Engineer wrote:Did you ask to buy the bags as they fill up?

I was thinking about asking, but it gets really expensive in Canada with all the toonie and loonies out there.

ZenOps wrote:

Engineer wrote:Did you ask to buy the bags as they fill up?

I was thinking about asking, but it gets really expensive in Canada with all the toonie and loonies out there.

Do they have one bag for everything? That is surprising if they do after installing an automatic machine, but Canada is different

Just ask if they have nickels separate and if so, if you can buy them. That shouldn't be too expensive. And if it is, you can probably profit from the .999 you find

I'm not too sure if they keep them seperated or re-integrate them into bags as deposited.

I think for the first little while, they re-integrate them to make sure the machine is working properly for each transaction (IE: no coin scammers putting in Ghana cedis as a toonie) and keep track of each individual deposit.

I'm also thinking that the machine is in solely to facilitate ARP.

Eighteen months ago my local bank branch informed me that they would no longer order boxes of coins for customers unless it was a business account. I said OK, and then asked for and received ten rolls of nickels from the same teller that told me I would need a business account. Then I visited the other six branches of the bank and got ten rolls at each stop. Have been doing this ever since, and the CWRs I have picked up have had numerous .999 Canadians and an occasional Buffalo, probably more so than what I used to get from the $100 boxes. On the downside, I am also getting some junk foreign coins and get shorted on some rolls. I go to my hometown bank once a week, and they are happy to get boxes for me, I get four boxes of cents and one box of nickels each trip. Not sure how long that window will remain open. They began a service charge last summer if you turn in more than $5 of coins at a time. I never dump any there.

When a bank cuts me off I use them as a dump bank. Its best to find the banks that are exporters of coin and the ones that are importers. But now that you found a bank with a coin machine you have found your dump bank. Those are hard to come by where I am. I found one, opened up an account and I am only dumping $30 max in pennies per visit so I don't get cut off.

The banks that are exporters of coin have had better percentages as well.

Good Luck

I dump too at banks where I'm cut off. But sometimes try asking nicely. One of the local TD branch managers recently sold me some pennies, even though they aren't supposed to.