How to Roll Canadian Coins for Banks
A pile of Canadian coins may be worth a bundle, particularly if you have loonies, toonies and quarters. If you live in the United States, or another country outside Canada, find out which banks in your area will accept foreign coins. Casinos, foreign currency exchange booths and businesses close to the Canada-U.S. border may also accept rolls. You can always roll your stash and save it for your next Canadian trip. Once you have coin wrappers, it takes little time to roll your Canadian coins.
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Instructions
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Contact your local bank, preferably where you have an account set up, to find out if they will accept Canadian coins. If you are a Canadian, most banks will accept and exchange rolls of coins for free if you have an account. Ask your bank if they can give you coin wrappers to roll your coins. Dollar stores and department stores may also carry wrappers or you can order them online.
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Organize your Canadian coins into like piles. All coins have their value inscribed on the "tails" side of the coin. Starting from largest to smallest, toonies, the two-dollar coins, have a thick silver border with a gold center and a picture of a polar bear. Loonies, the one-dollar coins, are golden-colored and have a picture of a loon. Quarters, worth 25 cents, are silver-colored and many have a picture of a caribou on them, although several editions of various designs exist. Nickels, worth five cents, are silver and have a beaver on them. Pennies, worth one cent, are copper-colored and have a picture of the maple leaf. The smallest coin is the dime, worth 10 cents. Dimes are silver and have a picture of the bluenose ship on them.
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Place coins in their appropriate coin wrappers. The wrappers should be labeled and their diameter will be the same size to fit the coin. Place 25 toonies in a wrapper to make a $50.00 roll and 25 loonies in a wrapper to make a $25.00 roll. A quarter roll takes 40 coins ($10.00), a dime roll takes 50 coins ($5.00), a nickel roll takes 40 coins ($2.00) and a penny roll takes 50 coins (50 cent roll). You should not have to count the coins, however, as the rolls are designed to hold the appropriate amount of coins when full.
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Fold the ends of the paper wrappers as if wrapping a present and tape them shut; plastic wrappers come with buttons to fasten them shut.
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References
Resources
- Photo Credit canadian coins image by Sly from Fotolia.com
