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 Replies: 11 / Views: 2,468 |
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New Member
United States
1 Posts |
I've been roll searching for many years, until 3-4 years ago when the halves dried up completely. Usually just bought what the tellers had, which was ALMOST always CWRs. This week I went through 2 $500 boxes and found 2 90% , 3 40% and 2 2007 halves. (I don't open the machine wrapped rolls, I just weigh them.)
My tellers are nice enough, but I'm sure they get tired of handling my dump coins. Would I have less trouble if I ordered $500 boxes of halves and returned them to the lobby coin counter for deposit?
ED
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Moderator
 United States
14463 Posts |
IIRC searchers use a few different techniques for dumping their searched coins: many have bank(s) to buy and different bank(s) for their dump; some coin machines at grocery stores accept coins then give a credit slip to take to a cashier for money or as payment of a purchase, and there are other methods
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Valued Member
United States
99 Posts |
Try looking for credit unions or banks that offer a coin counting machine with no fee for its use. No lost money =)
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Pillar of the Community
United States
526 Posts |
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Pillar of the Community
United States
1796 Posts |
Aye, pennycollector93 nailed it. Credit Union counting machines are free, and if it's a Coinstar there's a good chance that they won't mingle with the Union's coin orders (as Coinstar hauls their own coins independently).
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Valued Member
United States
55 Posts |
I have a string of "buy" banks and a couple "dump" banks. The "dump" banks have coin counting machines which print out a list that I take to the teller for reimbursement. We opened a small savings account with the "dump" bank so we don't have any fees to contend with. They seem happy, so I'm happy with this arrangement.
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Valued Member
United States
63 Posts |
I used to use a credit union to dump all my coins. They had a coin machine that you could punch in your account number and the money would be deposited directly into your account with no fee. But I have recently moved and I can't find any credit union aroun here with a machine that doesn't charge. So I guess that won't always work.
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New Member
United States
46 Posts |
All in all with my two accounts at two different places(one is a personal use account but I can still dump some there from time to time) I have around 10 different branches I can go to. I pick up at one specific branch because the girl is more than happy to get me all the coins I want on a weekly basis. After I search them throughout the week I divide everything up into about 4-5 containers and dump at 4-5 separate places. The next week I swap out and dump at the other 5 places so that no place sees me more than once every two weeks. Reason I divide everything up and dump at separate branches is that it seems acceptable to bring in $100ish every other week but bringing $600+ in change would make any teller mad.
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Valued Member
United States
78 Posts |
I have 2 banks...each with 2 local branches. I buy from on banks branches and dump at the other banks branches. But I have been looking for another to dump at because I don't like bringing in so much to dump at once, even alternating between the two. I don't know of any banks that have a coin counter in the lobby I can use myself and then get a deposit slip. That would be perfect, IMO. Anyone know of any in or near Portland, Oregon? I have read that TD banks have them, but we don't have that bank here...
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Pillar of the Community
United States
4333 Posts |
Been doing this for years. The all-time easiest way to dump is to order COIN-LOK bags, or get them from your bank or CU. I bring in my loose coin bag, hand to teller, and immediately get my cash. The only other easier way would be if a courier pulled up to your house and loaded up the coin for you there.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
United States
15 Posts |
Fistfulladirt - I actually just got some Coinlok bags from a bank. Do you count everything before you bring to the bank? How does that work. I can't see banks just accepting the bag. I'm just trying to find the easiest way to get rid of the pennies. Luckily, there are quite a few TD banks around here so I can use the machines, but this bag option seems much easier.
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Pillar of the Community
United States
4333 Posts |
Mikem, for example, I have searched about $100,000 in dimes in the last 3 years or so. I go through a lot of cust wrapped dimes, and it's very rare that I count individual coin. I just toss $500 worth of loose coin from rolls into the bag, and turn over to the vault teller. I must stress that it's important to establish a good relationship with the vault teller. You must do your footwork to find these banks that will accept your coin in this manner. Most banks ship out the coin to be counted and later deposit to your account. In my case, the courier has never reported a shortage in the bags, although I believe per contract the bank is allowed plus or minus a percentage in the count.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 11 / Views: 2,468 |
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Posted 01/23/2012 09:18 am
