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 Replies: 24 / Views: 5,116 |
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Bedrock of the Community
United States
94367 Posts |
You may need a new approach. Have you tried an old lady disguise?
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Valued Member
 United States
107 Posts |
Pretty sure Rockland uses Loomis, they have a center in Taunton 18 miles from me and one in Wakefield 25 miles from me.
Most of the branches with counters are closer to Taunton, the one I dumped at on Saturday is halfway between the two centers so could go either way. There are 4 branches that are closer to Wakefield so less likely to show up in my pickup banks they are 5-10 miles from Wakefield and 25-30 miles from Taunton so on a pure business platform they would most likely be serviced by Wakefield, while my banks being closer to Taunton, would hopefully be serviced by Taunton, of course there are a couple branches much closer to Tauton I might be able to order half boxes from
BUT is it worth driving 35-40 minutes each way to get to the branches close to the Wakefield location, that adds about 6 gallons of gas ($15) and 2 hours of time, for that cost I could buy 2 90% junk halves!
Or am I overthinking this whole thing?
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Pillar of the Community
United States
1695 Posts |
I was at a bank last year and I asked the teller what company handled their coin rolls. Just as she was saying "This is confidential information," a large Brinks truck with a huge logo on the side appeared in the plate-glass window behind and parked near the drive-though lane, and I watched the Brinks man make a delivery. My question was answered, but not by the teller!
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Valued Member
United States
107 Posts |
Yeah they all think we are Bonnie and Clyde.
I wonder if I asked the head teller by saying I am a collector searching rolls and I don't want to dump at their bank or a bank with the same armored car company?
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Pillar of the Community
967 Posts |
The bankers at that bank trust me and showed no surprise when I took the $800 to them. Sometimes when I go in they are out of rolled coins and want to send me to pick up money from a different bank. They always want me to take their money to get the change. I always go and get the money they need from another bank but I always use my own money. I am afraid if I take their money and have car problems then I can not get back to the bank and their vault would be off. With my own money then the vault stays in balance.
The main thing with banks is that the vault needs to stay in balanced. I never question the amount of money that may be in a bag or a box. The bank has paid a certain amount for either a bag or a box depending on the denomination. The bank pays out 50 dollars for a bag of cents. They need to get back $50 to stay in balance. If the bag actually has $47.97 then it is actually short. However the bank still has to account for $50.00. If a person goes in and request the missing money from the bank then it would actually cause the vault to be short. Many roll hunters cause problems by going back in and indicating that the box or bag was short. They may give the difference back out but they will also stop selling to roll searchers. I never even count the money with in the bags. Just remember to not cause problems for the bank.
My bank signs a contract for deliveries on monies. That contract calls for the carrier to carry up to a certain weight of coins. If the bank goes over on the combination of incoming or outgoing change then they are charged for the extra weight. So why would they not want me to take the extra weight for free?
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Pillar of the Community
United States
2917 Posts |
Quote:
My bank signs a contract for deliveries on monies. That contract calls for the carrier to carry up to a certain weight of coins. If the bank goes over on the combination of incoming or outgoing change then they are charged for the extra weight. This explains a lot! Some banks probably won't want to order halves, for example, out of fear that they will go over their weight quota. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Valued Member
United States
107 Posts |
Yes that could explain it.
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Valued Member
United States
107 Posts |
I wanted to edit my previous post but can't figure out how to,
As banks hate fees worse that I do I wouldn't be surprised to see the banks that will order halves slowly dry up, it is sort of happening now, TD Bank won't order halves at all, corporate policy, and now Eastern Bank in Sharon says no...
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Pillar of the Community
967 Posts |
The branch that I use has safe deposit boxes in their only vault and only a smaller locked space for operational cash. They do not have enough room for many extra boxes of change. This keeps them from ordering much extra change. Here one teller is the "vault manager". She makes the decision on what to order. The other tellers really don't have a dog in the fight. So if you are on good ground with her you are more likely to have success.
If I was the OP on this thread then I would not really worry so much about the dump bank unless the banks reroll their own change and send it back out from the bank. One of the banks I use did that at one time. I guess it depends on what you are searching for and how much you intend to search. If you go through huge amounts of half dollars then it might come into play.
There are 3 or 4 carriers that service the banks around here. I used to search boxes only at one time. Now I search mainly bags. When I was getting just boxes I noticed that one carrier just supplied new coins that were 90% first time rolls. If I wanted rolls of freshly minted coins I would go to the banks that they serviced. If I wanted circulated coins then I went to a different bank that was serviced by a different carrier. I just opened up account at banks that have multiple branches so that I would have more options. Just talk to the banks and make mental notes when you see the carriers making deliveries. I would NOT try to talk to the armored car personnel. Every time I have tried they have been less than friendly and probably rightfully so.
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Valued Member
United States
107 Posts |
I do mainly halves and some dimes. Like boxes but ask for CWR all the time. Around here I have only found one bank, a small branch that will sell bags and I don't expect that to last, we will see, they also took over a year to half fill the half bag and almost a year for the dimes, they don't get much action, but the halves were a silver mine 9 halves and 22 40%ers. ALL the other says they are required to send them to the "fed"
I will ask for CWR or loose coins at banks I dump at but never to order boxes there. I usually as I am cashing in the dump ask "do you or the vualt have any halves, large dollars or customer wrapped rolls" then I don't hit that bank for another month to dump
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Moderator
 United States
189340 Posts |
Quote:
I wanted to edit my previous post but can't figure out how to, Click on this button above your post  But you have to do it within 24 hours. After that, edits are locked. |
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Pillar of the Community
United States
840 Posts |
To answer the original question I think using two different banks, one for orders, and one for deposits, is the best you can do to avoid searching your deposited coins without asking a bank probing questions like, "Which delivery service (Loomis, Garda, Brinks, etc.) do you contract with?", and without overthinking it.
We eventually search our deposited coins because the US coin/currency system recycles. This is especially true on a regional basis.
I think the delivery service varies bank to bank depending on which delivery service the bank has contracted with. One bank may have more than one contract, so they may receive deliveries from more than one delivery service.
If the bank has a contract with more than one delivery service, then I believe the delivery service that actually fills the order is determined by the cash/coin order at the time the order is placed. If the nearest contracted delivery service can completely fill the order, then they fill the order. If they cannot, then the order is sent to the other contracted delivery service. The order may require both services to deliver coin/currency. This sometimes occurs with halves because the halves supply may be limited in an area.
Edited by berto
01/08/2018 12:08 pm
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Pillar of the Community
United States
2917 Posts |
Quote:
If the bank has a contract with more than one company, then I believe the delivery company is determined by the cash/coin order at the time the order is placed. If the nearest contracted delivery company can completely fill the order, then they fill the order. If they cannot, then the order is sent to the other contracted delivery company. The order may require both companies to deliver coin/currency. This sometimes occurs with halves because the halves supply can be limited in each area. This explains a lot too. I know where I am at, Brinks is the primary vendor for Wells Fargo, while Garda is the primary one for Bank of America. This would explain why, every once in a while, they get each others' boxes of coins, so to speak. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
4333 Posts |
Slightly OT, but be aware of what banks call structuring, or 'smurfing'. It's the practice of making bank deposits or withdrawals in specific patterns, to avoid triggering suspicious activity. Yes, the bank can file a SARS report on you for making legitimate deposits or withdrawals of your own money. These amounts can be for as little as two or three thousand dollars. Any teller can file a SARS report. It's for the bank's own safety.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
107 Posts |
I usually try to keep my coin cashin's, only deposit if the bank insists, such as Middlesex Savings that counts the coins for you and deposits to your account, to around $350 as that fits in the coffee cans. I don't think that would trigger a Sars report.
But I don't do that to avoid the report it is to not get the bank upset as handling large amounts of coins and never dump at a pickup bank.
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Replies: 24 / Views: 5,116 |
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Posted 01/07/2018 7:12 pm
