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 Replies: 18 / Views: 6,110 |
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Pillar of the Community
Canada
1005 Posts |
I used a coin machine once.
I open rolls and re roll the coins and trade for cash or deposit.
The only hassle with taking rolled coins to the bank is they are heavy.
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Pillar of the Community
United States
4333 Posts |
Quote:
As a matter of courtesy, I'd roll the extra-large dumps of half dollars by hand before bringing them in... you should be able to roll them by hand in no more than 20 minutes if you're good at counting. Some people have worn out their welcome at certain banks by abusing the coin counters. Finn, I've read this over several times, and I don't understand why you would re-roll your halves only to have to unwrap them before dumping into the counter. What does that have to do with courtesy? 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
United States
621 Posts |
I think he(finn) means just turn them in rolled and not use the machine at all for the larger dumps.
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Pillar of the Community
Canada
1005 Posts |
I am in Canada. The bank takes rolled coins at the counter at my bank.
No machine required. Never worry about hassles or etiquette.
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Pillar of the Community
United States
6130 Posts |
None of the banks in my area have free counters, and will only take rolled coins in bulk. Maybe it's different elsewhere, but the bank tellers around me have little metallic trays that they use to count the rolls and ensure that they weren't shorted.
Tellers in my area get quite irritated if you attempt to dump anything except neatly wrapped rolls.
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Pillar of the Community
 United States
509 Posts |
I dumped yesterday with no issue.. I thought I had seen in previous posts that the machines have $500 bag limits and when they fill up that they send a signal that they need to be emptied. I didn't want to be that guy that goes and fills up the entire bag each time.
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Valued Member
United States
160 Posts |
There are many different machines out there. The machine at my bank just has one big container that it drops everything in. I've used another one at different bank that could hold like $2000, I think, in halves. I doubt many would hold only $500 just because with halves you can get to $500 quickly.
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Pillar of the Community
United States
6130 Posts |
You guys are lucky if your bank lets you come in every so often and just dump $500 in loose coins for free! My only two options are to roll them by hand or take them to a CoinStar for gift cards!
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Pillar of the Community
United States
898 Posts |
I work at a credit union an am the one who gets to switch the bags when people fill them up. It's not my favorite but it's not the worst. The machine we use has 9 bags.
1&2 are Dimes. Each bag holds $500 in dimes, or 100 rolls.
3,4,5 are Pennies. Each holds $50 in pennies, or 100 rolls.
6&7 are Nickels. Each holds $100 in nickels, or 50 rolls.
8&9 are Quarters. Each holds $500 in quarters, or 50 rolls.
Then most people don't dump halves at our branch, but if they have halves (tongue twister)we exchange them. So I get to pick any silver from that at face. Anyways that's just what our machine does. I'd say I have to change 2-3 bags on the average day (we're a small branch).
Most I've ever seen is one man dump 800 in quarters from his vending machine business.
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Pillar of the Community
United States
4333 Posts |
Thanks Finn, now I understand.
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
United States
4333 Posts |
I need a good machine, as I usually dump $500-$1,500 at a time.
I know crh'ers that dump $5k to $10k or more a week, in that case, it's best to spread them out between several locations/machines.
I dont feel bad dumping quantities, as the tellers are there to service my transaction. A large bank balance shouldn't make a difference. Just treat them nicely.
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
United States
1599 Posts |
I use BBVA COMPASS as my dump bank. They give me large plastic security bags for free. Dump the loose coins and a deposit slip in the bags, seal them and drop them off. Their servicer pickes up once a week (Wednesday) and my dump is usually deposited by Friday.
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Pillar of the Community
Canada
2805 Posts |
I do these banks a favour - I have gotten coins wrapped in taped-up printer paper, old newspaper, whatever! So when I return the coins, I make sure they are all in nice, new rolls (ask at the desk for these). This is good way to keep your welcome from wearing out.
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New Member
United States
10 Posts |
@CLS12
After several years of unwrapping, searching, and rewrapping cents, nickels, dimes, etc., I finally found a much simpler solution. The local credit union uses a counting machine that usually charges a 4% fee. Last year they began advertising that children who opened credit union accounts could use the coin counter with no fee. I opened an account for my 2-yr old. He legitimately enjoys helping me look for special coins. (I've also had an account with the credit union for nearly 20 yrs). I dump several thousand nickels at the four branches several times a week; no complaints from the tellers. You should have no problem dumping your halves.
@jprine
I love that you use the security bags to directly deposit your coins. Sounds like it bypasses the local bank's coin machine and puts the responsibility on the servicer. I'll have to ask the various branches about trying this!!
Edited by schreiber
01/29/2014 3:32 pm
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Pillar of the Community
United States
1157 Posts |
when I dump, I have to consider the weight, because I haul my coins in and out the old fashioned way... in my backpack. I also consider if its pennies, nickels, or dimes, and I try to blend them.
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Replies: 18 / Views: 6,110 |
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First Page
Posted 01/29/2014 05:00 am
