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Gold Coins Sold At A Bank.

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 Posted 03/31/2009  11:50 am  Show Profile   Bookmark this reply Add steve199 to your friends list

Quote:
If the teller didn't know what they were, how did he know they were legitimate at all?


A teller does not have to know how valuable a coin is to accept it as a legitimate coin.

Let's say someone brings in some coins to a young teller, and mixed in the middle of it is a few Mercury dimes they've never seen before...they ask another employee (or manager) if they are real. "Yep, those are old dimes." Puts them in the till. Then thinks, hmmmm, those are cool, wonder what they are worth. Buys them, takes them to a coin dealer (because they *don't* know what they are worth, not because they *do*), and lo and behold, that 1916-D is quite valuable.

This scenario is not far fetched, we hear stories all the time of members getting silver from tellers at banks, and seeing silver and having the teller saying they are buying those pieces from the bank.

It's hard for me to throw stones at the teller, when I don't know the teller from the man on the moon. We do know the bank manager *does* know now how much they are worth, and is treating them like common cents (I'm so punny) in the video.

By the way, if I was the teller, I would have advised the customer that what she had was valuable and that she shouldn't cash them in. But I know what those are worth.

Will be interesting to see if a lawsuit arises out of this.

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 Posted 03/31/2009  12:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Will be interesting to see if a lawsuit arises out of this.
You know it will. In this economic climate, you know there has to be at least one lawyer watching the news, looking for clients.
Edited by jbuck
03/31/2009 12:18 pm
Locked
822 Posts
 Posted 03/31/2009  12:27 pm  Show Profile   Bookmark this reply Add scubu to your friends list

Quote:
Let's say someone brings in some coins to a young teller, and mixed in the middle of it is a few Mercury dimes they've never seen before...they ask another employee (or manager) if they are real. "Yep, those are old dimes." Puts them in the till. Then thinks, hmmmm, those are cool, wonder what they are worth. Buys them, takes them to a coin dealer (because they *don't* know what they are worth, not because they *do*), and lo and behold, that 1916-D is quite valuable.


Sorry, not buying it one iota. You can spin stories all day long but the only story that matters is the one in front of us. The teller is a bold face liar for saying he didn't know what they were. Took those puppies straight out of the till and straight to a coin shop. Don't be so naive. You don't have to know someone to see an obvious lie.

Someone at the bank either A. Had a conscience. B. Got nervous about the cover up and told, or C. Got greedy and wanted some of the redemption money and it didn't play out well or we'd have never heard about this at all.

The teller is now playing the dumb act because he got exposed and the manager is trying to save face.
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 Posted 03/31/2009  12:27 pm  Show Profile   Bookmark this reply Add steve199 to your friends list

Quote:
you know there has to be at least one lawyer watching the news, looking for clients.


Well, if the teller did follow bank rules, and if the manager did know about the coins, the teller might find a lawyer before a lawyer finds him.

Edited by steve199
03/31/2009 12:33 pm
Pillar of the Community
United States
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 Posted 03/31/2009  12:39 pm  Show Profile   Bookmark this reply Add steve199 to your friends list

Quote:
The teller is now playing the dumb act because he got exposed


I haven't seen any quotes or interviews directly from the teller, so I don't have any idea what act he's playing. If the bank manager is indeed trying to "save face", then why would you trust what he says about the teller?

I'm not saying your wrong, just that you *may* be wrong. We'll never know the whole story.
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 Posted 03/31/2009  12:53 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Well, if the teller did follow bank rules, and if the manager did know about the coins, the teller might find a lawyer before a lawyer finds him.
Touche!

Quote:
We'll never know the whole story.
I agree.
Pillar of the Community
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2589 Posts
 Posted 03/31/2009  6:30 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
I used to dream of finding a double eagle stuck in the coin machine when I worked for a bank, I never imagined it would be possible though. Just goes to show you that anything can be found in circulation.
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207 Posts
 Posted 04/02/2009  12:44 pm  Show Profile   Bookmark this reply Add markapsolon to your friends list
Its pretty obvious that the coins were stolen from someone. The person who exchanged them was in the late 20's? Someone stole the coins from a collector and did not think they were worth over face. Remember most thieves are idiots. The think a DVD player wouod be worth at lest a few dollars more.


Now if an elderly lady had come into the bank I might have believed it
Edited by markapsolon
04/02/2009 12:46 pm
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 Posted 04/02/2009  1:26 pm  Show Profile   Bookmark this reply Add Chump_Change to your friends list
Who knows maybe she stole them form an Elder Realative that had them stashed away. Just a thought. You woudl think that the coins being stolen woudl of made the news by now.
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 Posted 04/02/2009  10:49 pm  Show Profile   Bookmark this reply Add jayceeg to your friends list
Might be worth a trip to Utah. Maybe those aren't the only one's turned in Just kidding. Sorta. no really, just kidding.
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 Posted 04/03/2009  12:45 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Latest news on this case. The coins WERE stolen. The woman stole them from the family of a friend she was staying with. A few days later she accompanied her on an errand and they went back to the same bank branch where she had cashed in the coins and the tellers recognized her.
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 Posted 04/12/2009  12:47 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list
Man!! I think I would gladly trade that cruddy bank job for 14 of these incredible double eagles! EASILY!
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United States
95 Posts
 Posted 04/13/2009  3:34 pm  Show Profile   Bookmark this reply Add JohnnyDJersey to your friends list
Rest in Peace
United States
2668 Posts
 Posted 04/13/2009  4:28 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
All of the banking people involved were stupid or dishonest.

Best and brightest. Riiiiiight.
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