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 Replies: 13 / Views: 2,631 |
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Valued Member
United States
140 Posts |
I just have a some questions for anyone who has gotten nickel rolls in the past. How would one go about buying them? Do you just head to your local bank and request them? Will you lose any money from this? I'm considering doing it on my own now and would appreciate some insight.
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Pillar of the Community
United States
781 Posts |
I usually pick up a box from the teller. A box is $100 and I usually dont have a problem unless I'm trying at a very small branch and they dont always have a box to spare. But most of the time it's no big deal. When I'm done searching all the rolls I replace the coins I took and dump everything into a coin deposit bag that another branch (my designated dump bank) has given me. I deposit the bag like any other cash deposit and do it all over again. I used to pull a War Nickel about every two or three boxes, but lately it's been closer to every 7 or 8. I typically end up keeping about 15 coins or so. |
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Pillar of the Community
United States
1150 Posts |
I have US Bank and have never had a problem ordering boxes of nickels. Notice I said order, because when you walk in and ask for more than a few boxes they usually need to have them brought into the bank from an outside source. I've heard that a lot of banks charge a premium on buying boxes of coin now. US Bank doesn't do that (at least not my branch). Also, I keep every roll of nickels I search. I put aside all V/Buffalo/War nickels I find, too. However, I've recently had more luck finding silver dimes when I'm dime searching than finding '42-'45 silver nickels. I think the last ten boxes I searched gave up two or so War Nickels. |
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Pillar of the Community
United States
3276 Posts |
jedichef: does your bank charge you a fee for depositing bags of coins? wells fargo charges $2 for each bag of coin that you deposit.
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Pillar of the Community
United States
4212 Posts |
Other than banks, I hit up check cashing joints here, with decent luck. Lose money? No, but you really wont make any either, but you're sure to complete sets in various conditions. And the varieties & errors are common enough to keep you coming back.
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Pillar of the Community
United States
781 Posts |
I use wells fargo and have never been charged for depositing coin bags or ordering boxes. I think it depends on your location as I've heard of someone in minnesota who was getting charged for ordering boxes of coin. I live in so. Cal and it was actually a lady at my bank who first suggested I use bags...she gave them to me.
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Pillar of the Community
United States
594 Posts |
Nickels....Nickels....Nickels....Pennies?....Nickels....Nickels....Me needs more Nickels....Nickels....Nickels....
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Pillar of the Community
United States
2168 Posts |
Like others have said the bank. I go to where I have an account and have not had any problem getting a box or a few rolls which is usually $20 for me. Well, I was originally going to just get some nickels to put away for the intrinsic value of them. My first $20 was customer wrapped so I decided to prove them. Well, my 3rd coin was silver! I found some Buffalo nickels as well. So, now I search and rewrap anything prior 1960 pull out any really good coins and will fiLl some collector books. I think nickels are the last coin that really hasn't been searched out due to their composition basically remaining the same. Keep the nickels is my thought! |
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Pillar of the Community
United States
1599 Posts |
I get boxes from Wells Fargo without any problem. I also have an account with BBVA Compass; they give me big plastic deposit bags that I return my coins in (no rolling). Those bags are picket up once a week, counted and deposited in my account. I do not have to pay a fee at either bank.
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Valued Member
 United States
140 Posts |
Just wanted to say thanks for the advice everyone! Went to RCU today and picked up 10 $2 rolls. Got a 45 D and 2 Canadians (lol),. Also some good pre-1960 Jeffersons. Going back for more tomorrow! It's safe to say I've become addicted...
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Valued Member
United States
97 Posts |
I have an account with TD Bank but only buy 10 rolls at a time. Never a problem. TD has a free coin counting machine that gives me a slip and I deposit the amount directly into my account. Added bonus, if you guess within a dollar what your coins are valued, you get a free gift. Big whoop. A shoe polishing kit. I wear sneakers all the time.
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Pillar of the Community
United States
2168 Posts |
Good luck with the nickel searching. Keep them as well! Their intrinsic value is just over a nickel!
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Valued Member
United States
58 Posts |
I usually just walk in and ask for them. If I'm getting a lot to search through, like over $1000, I'll call a couple days in advance so they can order them in. I've had a bit of luck searching for silver quarters.
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Pillar of the Community
United States
2168 Posts |
$1000 in nickels? Or mixed coins
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Replies: 13 / Views: 2,631 |
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Posted 10/15/2011 04:38 am
