You guys are right about finding banks with coin machines. Problems with Banks I have sometimes. I have 3 bank accounts with banks to buy and sell coins.
1. Bank of America dont have coin machines. I use that bank to pay bills and its linked to pay pal accounts for
ebay coins I buy . I sometimes buy fedboxs from them. Bank of america dont complain about me buying it but sometimes I need wait an week or so on boxs.
2. Wells Fargo is joint account with my father he uses to paybills. I use them as dump bank. They complain all the time since they dont like coins. I tryed ordering coins from them and its always trouble. They only want maybe 4 boxes in vault each week. We always keep serval thousand in bank to pay household bills or stuff since my father uses it to pay bills.
3. I opened an account with an New bank called wood forest that has coin machices and they have an bank in
Walmart thats open 24 hours and day. I like that since there vaults are full of coins . I can buy 5 boxs of coins at any given time and dont need wait for them ordor them from feds like bank of america. I go in there bank with
Walmart shoping cart to carry out boxs of coins no problem. I hate to start using there machices to dump coins to turn coins into new boxes to search. Buts its onley bank with machices that are free that dont charge money like coin star does.
4. I may open an bank account with another company that has machines becides dealing with Wood forest bank. I already use this bank to buy buy bu rolls of dollar coins and I like them in the kroger store. They told they have an coin machice in there other bank.
My main problem is these days an new market is forming on people hoarding pre 1959 Thur 1981 copper cents as copper bullion . Its like on
ebay they pay 50 dollars face on copper cents is like 100 to 125 on those bags. Its samething like in 1965 when they were removing silver coins from circulation for bullion. It takes maybe 250 dollars worth bank boxes to get an bag 50 dollar face worth worth 59 thru 81 copper cents to be saved as copper bullion.
So I am point where I can start removing those from circulation . I need to go Thur maybe 500 dollars worth cents each week to build two 50 dollars bags face on those each week. I may need to buy an the rydale machine to cull the copper from zinc pennies. I can run bags Thur the machine to cull the coins.
I not only guys doing this . One guy I know he shorts over 500 to 1000 dollars worth pennies each week. He invested in those machines to count and re-roll coins for this. I just want to do make money to buy silver coins or upgrade my collection since I am hobbie guy who loves coins.
My question is it worth all the time and trouble to start doing this to cater to copper bullion market . Its looks like an very hard thing to do. Those machines are expensive and its lot work on those.
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