Has A Bank Every Told You Not To Bring Any More Half Dollars Back?

I will chime in from the bank's perspective. Each box of coin that comes in from the armored service costs the bank money, and every bag of coin from the machine or boxes of rolled coin that are shipped out also costs the bank money. Other stuff like dimes and nickels can be circulated back out easily. But halves, as others have said, are an obsolete denomination that will not be circulated out except to a roll hunter. So they will either sit in the vault and take up valuable space or will be shipped out at expense to the bank. Now, mind you, this hobby is being supported with no financial benefit to the bank; nickels and dimes and such go out to business customers (typically retail) from which the bank will derive revenue. CRH does not generate revenue for the bank, only expenses.

In my own situation, I have very limited spare vault space, and have pretty much put the brakes on anyone ordering halves. For the time being I will still oblige on smaller denoms if I have enough stock, but we are also working on taking steps to discourage even that, and under no circumstances will I special order coin for customers unless they have a business account that it will be charged to. We have an ongoing problem with some CRH buying from us and dumping it right back in our machine which is costing the branch money on both ends.

The best thing I can liken it to would be to buying a pair of shoes, wearing them for a week, and then returning them to the store. The store cannot resell them, so they have to be sent back to the manufacturer or distributor where they will most likely be destroyed and written off. Now imagine the store having to deal with this from the same person every week or two. Multiply this by several people doing it regularly, and it's only a matter of time before the "all sales final" signs go up. Not a great comparison but it's the best I can come up with. Don't get me wrong, I know CRH is a fun and rewarding hobby. But, and sorry to be blunt, to the banks it is nothing but an expense and a hassle.

I've got one main dumping bank with a coin machine. I will only dump cents, nickels, dimes and quarters there. I keep my max dumping limit to $150 a week but I usually only do around $75 and split up my change as to not impose a burden on the bank. I will not dump halves and dollar coins, in fact, I buy any halves and dollar coins out of their tills as well as a few rolls here and there. I spent them easily at stores elsewhere. The head teller there knows me well and is always happy to get rid of the extra halves and dollar coins and even two dollar bills when they stack up.

Hcmusicguy...

Thank you for an insider's perspective to this issue.

Hopefully, the OP can now realize his "problem" was created by him and must be solved by him. The bank/CU must look out in their best interests, not his!

I've been roll hunting the banks since 1977 and not much has changed.

The world is changing. Banks don't want to deal with cash or coin or employees or customers. All those things cost money. Funny thing is - banks used to give away toasters, etc. just to entice customers to open accounts, but now they won't touch cash or coin and they call that progress. Meanwhile, the Capital One Bank branch near my office has a coffee shop inside. People lounge around on sofas drinking coffee and checking their facebook messages all day long. I've never seen anyone approach a teller.

https://www.capitalone.com/local/lo...-santamonica

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WOW! That statement kinda blew my mind. Banks don't want to deal with cash. Kinda affirms part of the reason I collect. I want my granddaughter to have the history of american money as I foresee a time, maybe in her lifetime, when currency is no longer used. Plastic 'money' will replace it. I even see now you don't need the plastic as paying with your cellphone is gaining popularity.

Some ideas for you for moving that loose change:

My local pizza shop guy loves getting quarters so I make an effort to always pay for my meal with quarters -- usually $7. Saves him a trip to the bank for quarter rolls. And I have a box of misc coins on my table with pennies, nickels, and dimes, where each time I leave the house I grab a handful to use for exact change at the places I shop. For my pennies in bulk, I take the zincs several hundred at a time to the local coinstar. My copper pennies get tossed into a small hole in the wall in my house which currently has several thousand in there. Somebody will find them 100 years from now.

On last Friday I did take another box of 1964D Nickels to the bank (50 rolls) for deposit so I still need to hit the bank once in a while. Only odd item this time was the teller took my driver's license number which was a first. It could have been that I also gave them 50 Susan B Anthony's which maybe flagged me.