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Replies: 20 / Views: 9,492 |
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Pillar of the Community
United States
2049 Posts |
I do both ordering and drop ins. I have told them on drop ins that I am collector or that I need them for poker night (usually I ask for like 20 rolls or so to keep it from being obvious). On one drop in the lady had nothing for me, but told me she was the head teller and asked if I wanted to place an order. I emailed her an order for boxes of pennies and nickels that should be here on Friday. At my main branch, I only stop in if it's not busy and one of the two people who can go into the vault are there.
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Pillar of the Community
 United States
1934 Posts |
Thanks you all...I have a rapport with the tellers. I appreciate your input. Jim
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Moderator
 United States
6563 Posts |
Ashame I couldn't have a rapport with one certain good lookin female teller She can order my coins anytime she wants 
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New Member
United States
42 Posts |
I tried ordering at one bank and got contradictory responses from two tellers, the ultimate consensus being that they did not order coins for customers. It seems like answers to that question vary as much as a roll of the dice. Anyway, they informed me that I could order coins from the Federal Reserve Bank. So, the next day I found and went to the local Federal Reserve Bank. At the entrance of this huge bank, there must have been 3 or 4 federal agents, all looking at me as if I were a little crazy talking about "ordering coins". Anyway, I wasn't let in, and was told I needed to call the head of the branch in some other state. They were nice enough to give me a phone number, but I didn't feel like going through so much trouble just to look through some coins. So, I went to another bank, where I have an account, and thankfully I found a sympathetic teller who also collects coins and she informed me that I could order boxes of halves in $500 units and that the newest Pres. dollar coins were coming soon. So, I ordered a box and I'll be at the bank on Friday to get my halves and some new Presidential dollars.
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Bedrock of the Community
United States
12437 Posts |
quote: the ultimate consensus being that they did not order coins for customers
The consensus is that they are lazy and do not want to do their job quote: Anyway, they informed me that I could order coins from the Federal Reserve Bank
Ah, the consensus has changed now to them being idiots that do not even know their own banking regulations. The general public cannot do any financial business directly with a FRB- that is why Treasury agents were giving you funny looks. The FRBs exist to service the banking system. If that is a secondary account bank, I would recommend complaining loudly to the manager and then promptly close your account because bank employees that are that completely clueless about their own industry are dangerous people to trust your money with 
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New Member
United States
42 Posts |
biokemist6, I'm none too happy with the incorrect information the tellers gave me either, but I don't want to get anyone fired or disciplined because of it, either. I think I will inform the bank of the incorrect info, just so they don't send another coin collector astray, but I'll be nice and not mention any names.
After having the bank close a few times on me even when there was a minute or more left till their frustratingly early closing time (with a telling waving at me that they were closed), I pulled out most of money from the bank and started an account in another bank. So it's not very surprising that they won't order coins for me while my "newer" bank will. But I keep both around anyway, just for the sake of having an alternative (for coins, rates, etc.).
Edited by Coinster 03/12/2008 8:22 pm
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Bedrock of the Community
United States
20753 Posts |
Lucky_13 if you ment you returned those coins back to the same bank, your one of the reasons so many banks tell their tellers and officers to tell people they don't carry halves, don't order coins for people, don't have, don't have, don't have, etc. Banks are a buisness and are there to appease customers and make money. Mostly make money, not play games that take up tellers time, officers time, counting machine time, handling, logging, documenting and all for someone that takes out coins and then returns them. As people continue to do play take coins out and return games, and may not even be a customer or a large amount of money customer, more and more officers are being instructed to tell people all kinds of stories. I have accounts in 5 different banks and unless a teller at any one of them knows me and I ask for halves, I'm told they don't have any and don't order them or carry them. Then I just go to another teller that knows me and PRESTO, I now have halves. I really sympathize with banks with this coin craze lately and so many people are just purchasing coins, looking through them, returning them to the same bank.
Edited by just carl 03/12/2008 8:40 pm
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Valued Member
United States
270 Posts |
Things vary from bank to bank.
It costs the bank too much to order just $1,000 in coin. Every time we get a drop off or have to have money picked up we get charged for it. Your best bet to find a bank that is willing to order you the coin is a bank that is more busy, because they will be ordering money anyway for the bank and adding a customers order along with the rest of the order isn't a big problem, and we are normally very willing to do that for a customer.
The other thing that might get in the way is when we order halves we have to order them $1,000 at a time and if you are only willing to take one or two hundred of them then the bank is stuck with the rest of them. The bank gets charged for the extra money thats just laying around in the vault so the banks really try to keep only what is needed. Also the banks can not just sell the extra coin back that you don't want, because when we have to buy them $1,000 at a time we also have to sell $1,000 at a time.
If you are willing to buy the whole required amount that the bank has to buy they are much more likely to go ahead and order them for you. Some banks will charge you for this service. They also want to make sure if you say you will pick them up that you actually will buy what you said you would, which is why getting to know the tellers well is a huge help.
Oh, and we don't always have a choice in what type of coin we get. When we do a coin order most of the time we just get what ever they bring us, which is normally a mixture of all different years.
And yes it is completely crazy with all the coin stuff going on lately. We aren't so lucky to be able to have a coin counter so when people dump all that coin on us we have to go back and count every roll by hand to make sure the rolls have the full amount in them. It can get to be very crazy.
Edited by imanangel0686 03/12/2008 9:48 pm
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New Member
United States
42 Posts |
The bank had the presidential coins on Friday, but not the halves, which I picked up on Monday. I'm going through the half coins now. imanangel0686, I realize it's an inconvenience for the bank, but what would you have someone do? Personally, I'm just looking to keep a few of the coins, depending on what's available, but I can't really afford to have hundreds of dollars just sitting around to be used little by little. If I did, I would. With the Presidential dollar coins, this is what I do, because I can order them in rolls of $25, and there is no sense in looking through hundreds of dollars of them. But, that's not the case with the half dollars, so I have to return most of them eventually. What else would you have me do? Sure, I could dump the coins in another bank, but that would just be shifting the burden unto another bank. The teller I spoke with is a coin collector, too, and she told me it was alright to return it all, BTW.
Edited by Coinster 03/19/2008 04:19 am
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Bedrock of the Community
United States
20753 Posts |
imanange10686, I'm glad you said all that. Dealing with banks for a long time and having accounts in 5 now, I appreciate their problems. I know people that work in banks also and hear their complaints about such irritating situations of stopping everything to count a pile of change that is being returned over and over and over. Naturally they are not allowed to tell customers that they are a super irritant, but they sure wish they could. It is many things like this that makes a bank a low paying place to work since so much is money is wasted on this coin craze. Most banks around me tell people that if they bring in rolls of coins, nothing can be paid out until they are all opened and counted. If deposited in an acount, that too will not be posted until they are opened and counted. Way, way to many scams on short rolls brought to a bank. Funny story about halves is I always get from 2 to 20 rolls from one bank about every two weeks. Instead of taking them back to a bank, I spend them in the area. Lately I found that most places I spend them at take them to the same bank I get them from. A check of that bank reveiled I usually get back the same ones I just spent. I sure wonder how many times I've looked at the same half over and over and over and........
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New Member
United States
42 Posts |
carl (is it "just carl" as in "honorable, fair carl" or "simply carl"?), you just highlighted the issue. Even when you spend the coins they often wind up in the same bank, having to be counted and rolled. I don't like to be an inconvenience to anyone, but I don't see that there's much of a choice if one wants to check coins. And we can't order direct from the fed.
Edited by Coinster 03/19/2008 1:48 pm
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New Member
United States
42 Posts |
I found no silver JFK halves in the $500 box. :-/
And, no other coins, either. How can I find out if there are any silver proofs from later years, though? I saw some really shiny halves, but none before 1971.
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Valued Member
United States
270 Posts |
just carl has the perfect idea of how to get rid of those coins. Have fun spending them like normal money and seeing the look on cashiers faces. It is fun to do. Tip: If your bank knows that you keep buying halves and turning them back in and then buying more again later, chances are you are getting the exact same halves back that you turned in before. When someone brings me coins like that (well halves I buy when they come in, hehe poor coin collectors dont have a chance when the main teller collects coins too and has gone threw everything and taken all the good stuff.  ) anyway when someone brings me coins, they go straight to my drawer. When they come back later and want that same type of coin again I go to my drawer and get them right back out. We have to have so many rolls to put back in the vault, so if we dont have enough to put in the vault they stay in the drawer. so they never get circulated out of the drawer with the ones in the vault. Oh and when I said before we dont get to choose what type of coin we get I ment what years. We dont really get that many coins from our business customers. Companies tend to just hand those coins back out to other customers or they buy them and keep them themselves. So we dont really ever get coin in deposits from businesses. And even when they do turn in coin, there are so many banks in the area chances are they wont go back to the same bank. What we do at my bank is we go ahead and give them the money for the rolls or credit their accounts right away for the full amount. But banks are trying to help out their customers by not making that coin available right away. I touched on this on another board, but when we do count the rolls and if one is off (over or short) we will go and credit or debit the customer's account. So if it is a customer who might end up cutting them selves close on their account and we have to debit their account for a roll being short, it would really hurt to get that $30 NSF fee for a few halves or what ever type of coin it was. What we have found is that people who use coin counters their rolls tend to be off by one or two coins a roll. We first thought that a certain customer was doing it on purpose trying to get money out of it, but we have had more and more customers come in and have the same problem. The other thing that happens a lot with the coin counters is the dimes really love to hide in other rolls and they are so thin that you really cant tell if its got a dime in the quarter rolls or in the penny roll. So thats why banks have to go and count the rolls cause if the teller doesn't count the roll then when they open the roll later and its off it goes on the tellers shortages and overages. If you really want halves I would suggest that you might want to see if you can find people in our area who might wanna go and split a box with you, or if you can assure your bank that you in the end will buy them all and not bring the extras back they might do it for you. Spend the extras when your shopping and things like that. Also make sure to make good with the tellers. Talk to them, get to know them and let them get to know you. We tend to do special things and are more willing to go out of our way to do something nice for a customer that we like and get along with and is nice to us. Joke around with the tellers (make sure you kinda know the personalities of the tellers so they dont take it offensively) but joke around with them about the coins. The biggest thing is make friends with the tellers or a teller. We can always order the coin, it can be a problem at times and they might not always be able to do it, but just in a casual conversation with the teller ask them if there is any way if sometime you wanted to buy a large amount of coin if that would be a possibility. See what they say. They might just do it for ya free of charge. Biggest thing to remember, make friends with the tellers, it will pay off in the end.
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New Member
United States
42 Posts |
imanangel0686, thanks for the advice. I am friendly with people as a rule, and the tellers at my bank have always been friendly with me. The teller who ordered the box for me is a coin collector also (hopefully not as wicked as you!) and though she told me it was a bit of an inconvenience for them to order coins, she also told me it was alright if I dump them in their coin counting machine.
The problem is, I don't know another bank with a coin counting machine (certainly not one I have account in) and I actually cannot afford to have $500 (the minimum amount I had to order) in halves. I need to deposit them into my account soon, so spending them little by little is not an option for me.
Incidentally, I do kep and use dollar coins, but that's because I can order amounts as small as $25, in $25 increments. I don't want to be an inconvenience, but I can't hold on to the halves indefinitely, either. I could dump them at different branches of the bank, but I don't know if that would be any better.
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Valued Member
United States
270 Posts |
Well thats good that your bank is willing to work with you. Its really nice that your looking at other options in dumping the coin. I would try looking at other banks in your area. Most banks now have free checking accounts, just keep a dollar in there to make sure it stays active. You can actually do that at a few different banks if you want. It gives you a few more dumping places that way. Then after you dump the coin you can go and write a check from that account to your regular account at your main bank to put the funds back in your main bank.
I would suggest going and calling the banks in your area and first asking them if they have a free coin counter. When you call them rather than going in to the branch you avoid the are you a customer question.
Be aware that with the dollar coins (Presidential), yes you can order $25 at a time, but that might not aways last. As the main excitement and non coin collectors get bored with them banks wont be ordering them at the same quantity as they are now. Hopfully your bank will be sure to still get some in since they know you will buy them. At my bank I have alreay noticed the numbers dropping. We were only given $200 worth (our main branch orders them and splits the box up and only hands them out to a few branches of ours) last year the $200 would go right away, but since this year we still have like $75 worth left.
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Replies: 20 / Views: 9,492 |
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