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 Replies: 35 / Views: 5,882 |
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Pillar of the Community
United States
4333 Posts |
Dump the greedy banks. Go with credit unions, you are part owner. My best setup allowed me to direct-dump my coin loose in $500 bags. I got my cash immediately.
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
189222 Posts |
Credit unions are a good idea, whether you CRH or not.  |
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Valued Member
United States
213 Posts |
I re-roll my coins and bring them to Bank of America where I have an account.
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Moderator
United States
54282 Posts |
I roll them up and spend them.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Valued Member
United States
165 Posts |
I used to go the straightforward route by simply re-rolling each week's box of half dollars and then dropping it off at my bank. However, I was banned from bringing in any more boxes after just the 4th one (in as many weeks). Please bear in mind that this was/ is by no means a small local bank, but rather, one of the largest chain banks in town...
Now, I try to get rid of my excess half dollars by spending as many full rolls as possible. If I'm far enough away from my general "buying" area, I also cash out $100 at a time at more amenable banks. Needless to say, this general tactic limits my box purchases to about 1 a month now.
Edited by Earendil
01/04/2017 5:23 pm
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Valued Member
United States
177 Posts |
I am unsure if I have a consistent dump method yet for me because it is too early in the game. Right now I'm using a coin counter at a credit union to dump some and then rolling up the rest and taking them to other banks I have account at. There is 3 different branches of the same 2 banks in using now. So I'm taking turns going to each one. But I will probably end up opening two more accounts at different banks so maybe I will only have to use each branch only once a month.
Question:
Do banks send their half dollars out when they get them rolled or do they just keep them in the vault?
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Valued Member
United States
110 Posts |
For spruett001 or anyone else, I like the imported candy from Germany, France, Belgium and Switzerland. They use real sugar, not high fructose corn syrup and chocolate from Africa not South America. I need to visit my bank this week, I'll pick up $25 in pennies. I'm feeling lucky.
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Pillar of the Community
United States
4333 Posts |
"Question:
Do banks send their half dollars out when they get them rolled or do they just keep them in their vault?"
Both. If the bank has any number of roll hunting customers, they don't need to send them out, the halves get recirculated via customers. They can also sit in the vault. If the bank finds out they have a surplus of coin, they may send out to an armored service.
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
840 Posts |
Big7,
I have several different banks and bank branches with limited coin vault space in my CRHing areas. As a result, if I desire to deposit several boxes of bulk coin at a branch I know has limited coin vault space, then I call-ahead and check on the availability of space in their coin vault to save myself a trip. This is only a small inconvenience for me. If the coin vault at one branch is "full", then the head teller will simply tell me. If this is the case, then I call another branch.
Bottom line: Our relationships with our banks are very important. The less we inconvenience the banks we use for ordering and depositing, the more likely we'll maintain good relationships and be able to continue to CRH.
HH
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Valued Member
United States
177 Posts |
What happens when all of the branches are full of vault space?
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Moderator
United States
189222 Posts |
They ship coins back to their parent bank or their Federal Reserve bank. Shipping costs money, which is why banks will charge fees for ordering or depositing boxes or other large amounts of coin.
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Pillar of the Community
United States
998 Posts |
Like many others I use CoinStar and get Apple iTunes gift cards. If you use iTunes it is a way to buy apps and media without using a credit card. This helps prevent splurging.
When our iTunes balance gets low the wife lets me buy coins and we dump the chum to refill the account. Since she uses iTunes much more than I do it is a win-win for the both of us!
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Valued Member
United States
446 Posts |
Some coins are re-rolled and taken back to banks while others get spent. Half dollars are almost never taken back to the bank as that I like spending these. I sometimes dump these in the self-checkout at a Walmart Neighborhood Market that takes them, for purchases of $10 or so. |
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Valued Member
United States
123 Posts |
My Bank allows me to dump as many coins as I please for free... Maybe you could find a bank that will let you do that too?
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Bedrock of the Community
 United States
12477 Posts |
Quote:
"I like the imported candy from Germany, France, Belgium and Switzerland. They use real sugar, not high fructose corn syrup and chocolate from Africa not South America." The candy thing just caught me off guard, but now that you mention it, that's sounds pretty delicious!  Sorry, again. I just received my Jefferson album and am scouting out the best place to get my first box considering I don't have a bank account at all. I think it must be some sort of a trust thing, but if I present a $100 bill and ask for nickels, why would I be denied? There are approximately 10 banks in the towns I frequent and the only repeat is the bank at Wal-mart, which I decided is not the most appropriate place to get boxes. How important is it to CRH to have an account? Just curious... In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Replies: 35 / Views: 5,882 |
First Page
Posted 01/04/2017 2:16 pm
