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 Replies: 35 / Views: 6,390 |
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Rest in Peace
United States
1943 Posts |
I have been CRH for many many years now. I usually don't have a problem. When I do it is because there are some banks around me who have a policy of only giving boxes out to account holding customers. Since, at least here in the US, the banks pay a fee over the face value to get the boxes I can understand they want you to be a customer to get them.
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Pillar of the Community
United States
898 Posts |
As a college student I work summers as the front desk at our bank and I frequently do teller jobs. Really we're a smaller branch and we don't order coin or have that much. We do have a machine that counts it so I don't see many CWR or coin come in, most people don't CRH around here so I don't know that. I went through all the nickels, all of them, in the entire vault  |
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Pillar of the Community
United States
858 Posts |
I've been denied but mostly because it's a smaller branch and they simply don't have the volume .
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Pillar of the Community
United States
656 Posts |
I've struck out a couple of times before, one branch was out of cents and in the other the teller wanted to give me a hard time. Needless to say the branch with the rude teller was promoted to dump bank.  Edited by AlbumAccumulator
03/01/2014 9:53 pm
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Moderator
 United States
16679 Posts |
I had my local branch (which I have an account with) ask me why I need a $500 box of halves. I felt like telling the manager, "who cares?!". I bit my tongue though and made up something they could not make A or Z about. She wasn't fast enough intellectually to figure it out so...I walked out with 2 boxes. 49 silvers out of it  I think the banks are on to something. swcoin.ecrater.com
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Pillar of the Community
Canada
519 Posts |
I'm still laughing DBM!
I have had to use considerable cunning and charm at times to continue getting pennies north of the border. It doesn't always work.
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Pillar of the Community
United States
4333 Posts |
Once I went into McDonalds...they wanted to charge me for a cup of ice water!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
Australia
21788 Posts |
No bank teller in Australia will help you, if they find that you are into CRH'ing. I suspect that all of the staff have been instructed by management.
I guess that the management do not see any profit in it for the shareholders of the bank.
I was CRH'ing as a kid 40 years ago, and after a few successful attempts at different banks, was universally refused.
There ARE other ways of coin hunting however; just save every circulation coin you get as a form of an affordable savings scheme. With $500 in small denomination coins, you can still have a lot of fun. You take a few prizes from the $500, and put the rest in your account, or change for large notes, and spend them.
I currently have about 2 litres (about $300) in specialist commemorative circulation coins, and will search these soon.
I will take a few out, and spend the NON prize 50c, $1 and $2 on gas for my car. Like a lot of Americans, I put all of the smaller denominations in a cookie barrel. The smaller denomination coins will be returned to the bank, where they are automatically sorted and weighed, the value returned to me in notes, with a smile from the teller.
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Moderator
United States
189340 Posts |
Quote:
I think the banks are on to something. I think they have been on to it for a while. They only act when the cost of doing so is less than the cost of not. This is why I feel it is good to pace yourself, try to fly under the radar. |
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Valued Member
Canada
54 Posts |
If my bank refused to give them to me (unless they say they are short and cant spare any right now), I'd open an account at another bank and get them to transfer my money over then close my account.
I have a good chunk of money in my account that I'm sure they'd do everything they can to keep me.
Edited by soulchief
03/03/2014 10:07 am
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Valued Member
United States
66 Posts |
At a high level banks prefer that their customers never walk in the door. Any transaction that involves a teller is a cost far exceeding the cost of an electronic deposit, ATM withdrawal, etc. Where else do you go that you expect the merchant to carry an inventory and then sell it at the same price he paid for it (face value)?
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Valued Member
 United States
51 Posts |
H1cks makes a good point, but it should be handled in the same manner as if you were taking in a bucket of change to have it exchanged for bills. You shouldn't be charged a premium for exchanging one type of currency for another. However, everything comes at a price these days. Employers have to factor cost into everything and optimize the daily transactions to get more out of their employees for the same cost. That's the world we live in. I'm gonna continue to hit up the banks until I'm told to stop asking.
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Valued Member
United States
51 Posts |
I think I realize now why I had such a hard time at my bank on my first visit. I decided to go to another branch of my bank and try my luck. I ask for a box of pennies and he promptly asks for my member number. I rattle it off and he checks the system and asks again exactly how many pennies I wanted. I said $25 and he headed to the vault. He returns with $25 of rolls that the bank had rolled themselves. He was kind enough to put them into a large envelope for me so I didn't have to hold my shirt out to carry them all back to my truck. This is the first time I've received coins this way out of all the banks I've been to. I assume they don't order fed rolls? Is it different for credit unions? Anyone have any insight?
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Pillar of the Community
Canada
2124 Posts |
What's your member number?
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Pillar of the Community
United States
4333 Posts |
Quote:
I assume they don't order fed rolls? Is it different for credit unions? Anyone have any insight? Been 'rolling for over 35 years, never have found a "fed" roll. That's where most tellers think the rolls are coming from, the fed. I don't believe I've ever seen a "bank" rolled roll either...In most cases what you are receiving are customer-rolled coin, or courier-wrapped by facilities such as Brinks, Loomis, etc. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
03/08/2014 05:01 am
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Replies: 35 / Views: 6,390 |
First Page
Posted 02/28/2014 10:47 pm
