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 Replies: 41 / Views: 6,688 |
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Valued Member
United States
429 Posts |
1. The funny part is that we get a box of coins (cents for this example) for even money.
2. We then look at every coin to find the ones worth more than face value.
3. We then repackage, dump, etc at another place to get our original money back (plus the profit on the great finds)...
4. So, after it is all done we do not spent a cent to make a personal gain.....
I don't care how you look at it, a few extra bucks is nothing for what we are doing with it. And if you want to complain about the surcharge, then quit roll searching and go buy the coin at full price. Besides, if you can find a coin store where I can buy coins for face value and return the rest of them I did not want, I would be the first in line.
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Pillar of the Community
United States
4333 Posts |
I understand what yer sayin Pennypincher, but with $4 gas nowadays, even without bank fees the cost of roll hunting can be expensive. If I break even while silver mining, I'm happy!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Australia
7096 Posts |
Why not pay for the service provided by the bank.
After all roll searchers and Noodler's aren't really doing any real business with the bank we are just looking through their change and giving it back to them.
The banks have to pay their tellers and pay the rent,electricity etc.
There is no profit in handing out vast amounts of coinage and then putting it all back again.
So I would have to agree with a handling fee, after all it would only be a few bucks and you wouldn't have to feel guilty when you constantly ask for coins.
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Moderator
 United States
189767 Posts |
Quote:
Why not pay for the service provided by the bank... after all it would only be a few bucks and you wouldn't have to feel guilty when you constantly ask for coins. Well said.  Considering the finds posted here in numerous threads, I think most will still come out ahead. |
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Valued Member
United States
123 Posts |
I get most of my coins in bags from the coin counter at my local bank. The bags are always short $1 - $3 regardless of whether they are pennies or nickels - I can't afford the $1,000 bags. I can tell when I add up my deposit slips because I know how mcuh I kept out. I don't mind the shortage. Now, if I were to tell my wife the bags are always short, she would threaten to cut me off.
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Pillar of the Community
United States
4333 Posts |
Bank fees? No way! They are messing with me on interest rates. They are sitting on taxpayer bailouts. THey are evil greedy entities and are a major reason why this country is going under economically.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
189767 Posts |
Then stop patronizing them and go to a credit union.
I have been very happy with mine for over 25 years now. Lower interest on loans, higher interest on deposits, and no bailouts. Plus, you get to vote for the board.
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Rest in Peace
United States
2668 Posts |
I have been with a CU for over 20 years, works great.
My home loan with BofA was nothing but trouble.
I didn't start out with BofA. When they bought our loan holder I was pretty sure what was coming. And I'm not even psychic.
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Pillar of the Community
United States
4333 Posts |
Yeah, I know... I have accounts at 2 different CU's but they will not order coin. Do any of them? So, I use them for dumping. I'm stuck ordering at banks. I hold accounts at 6 banks and CU's.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
189767 Posts |
I see you have a list of your finds in your signature. Match those finds against any fees you have at the banks. When those fees start to outweigh the finds, then you know it is time to retire from roll hunting. Keep in mind that bank costs will only worsen; the golden era is coming to a close. It is sad to think about, but at that point it is inevitable.  |
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Pillar of the Community
United States
4333 Posts |
Quote:
I see you have a list of your finds in your signature.
Match those finds against any fees you have at the banks. When those fees start to outweigh the finds, then you know it is time to retire from roll hunting.
Keep in mind that bank costs will only worsen; the golden era is coming to a close. It is sad to think about, but at that point it is inevitable. I incur fees and fuel costs. I usually break even. Any profit is a plus, I love the hobby and can't shake the roll-hunting monkey. Thanks for the advice Jbuck. ffd When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
189767 Posts |
Quote:
Any profit is a plus, I love the hobby and can't shake the roll-hunting monkey. This is the right attitude! I have been wanting to start up roll hunting again, but I do not think it will ever be like it was for me fifteen years ago. For now, I live vicariously through you guys, enjoying every find. I do hope that the inevitable end comes much, much later, rather than sooner.  |
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Valued Member
United States
78 Posts |
I use US Bank for supply, but haven't heard about the fee yet...I usually don't have them order specifically for me, but call the day before and ask for the amounts I want ($25 pennies, 100 nickels, 250 dimes) and they pull them together for me. I usually see the same bank only once every 2 weeks, and this has worked so far...hope to NOT hear about that surcharge any time soon!
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Pillar of the Community
United States
8521 Posts |
I live in Oregon and US Bank charges me 3.50 for a 50 dollar bag. Cheap entertainment.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
950 Posts |
Has anyone looked into buying wrapped coins directly from Brinks or some other supplier? I would be curious to find out really how much they charge for that service.
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Replies: 41 / Views: 6,688 |
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Posted 03/25/2012 07:20 am
