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Got damaged coins?


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Have you asked your bank if they will take take/exchange damaged coin/currency for you? I deposit in bulk (plastic coin bags) so the bank gets all of my bent/damaged coins. I have never had an issue with them crediting the damaged coins so far.

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My bank will only take rolled coin or coin run thru their counter.  The counter is pretty good but still spits out 3 or 4 from each batch.  When I put them with the other cash the tellers vapor lock like they don't know how to handle it!!  Anyway, I thought this was interesting.  The program mostly get coins from big metal recyclers who get the out of the sorting process after old cars - or vending machines - have been shreaded...

 

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19 minutes ago, QuikVend said:

Interesting. I wonder if they'll restart the program. I get quite a bit of damaged coin from one of my other ventures. I've got them all sitting in a container right now. 

Yes, it has restarted, that is the link I posted.  The program had been on hold for a few years because they thought the Chinese scrappers were flooding them with counterfeit damaged coins... turns out the scrap industry finds MILLIONS of $$$ every year in coins.   Of course, like any good government program there is paperwork and rules... so many rules.... and a one pound minimum I think...

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