Billions In Stored Coins? Should Mint Make Major Production Cuts?

Hey shark.

Wells fargo was the first to do it.

They either started this year or last year.

I was told by a teller that they will not count the rolls until the end of the day and that if the roll is off they will take the amount out of your account.

I know this thead is/was about excess coins in production, but...

Anyone remember checks and all the man-hours involved there? I worked behind the scenes at a bank clearinghouse and let me tell you that was way more work than counting pennies! All the branches would send in bags of checks at the end of each shift - then we'd bundle them into crates and ship them by courier van to a central clearinghouse a hundred miles away. I remember those days: every morning 20 or 30 midde-aged guys (like me) would show up at the loading dock at 4AM and each one would drive a van two hours, drop off his crates, and turn around. But talk about labor-intensive! Then the clearing-house fed the checks into a sorting machine, and a clerk would transcribe each check into the computer! They would do like 200 checks an hour (I forget the actual numbe). That's one instance where technology shaved millions off costs, but also put thousands of people out of work.