| Author |
 Replies: 41 / Views: 6,671 |
|
|
|
Bedrock of the Community
United States
12437 Posts |
Just like with the airline mile junkies ordering tens of thousands of Sacky and Prez dollars through the Direct Shipment program, greedy roll hunters going through dozens of boxes per week are going to cause the extinction of rollhunting for everyone else who does not abuse the services of their bank  Edited by biokemist6
03/19/2012 2:50 pm
|
|
Rest in Peace
United States
2668 Posts |
Quote:
Roll hunters are their own worst enemy. Banks are their own worst enemies. They exist solely to fleece their customers |
|
Moderator
 United States
189340 Posts |
Quote:
Roll hunters are their own worst enemy. Quote:
Banks are their own worst enemies. If we are going to wager which will be around longer, my money is on the banks; probably because they make the rules. Hunters need to play within those rules. When the rules change, we need to either adapt or move along. Eventually the "sport" will die. Until then, spend more time hunting and less time complaining.  |
|
Valued Member
United States
196 Posts |
@ jbuck- unless you become a teller supervisor which is what I'm working towards  then I will hopefully never run out! sorry I dont know how to quote reply  |
|
Rest in Peace
United States
9104 Posts |
 , wildspinx! Quote:
sorry I dont know how to quote reply On reply to topic, white page with red arrow. On quick reply, [ quote][ /quote] without the spaces after the brackets. |
|
Rest in Peace
United States
9104 Posts |
No matter what the situation, when enough ppl find a loophole, the offer will eventually get pulled so no one can use it. Discover card used to charge 25¢ per transaction at Sam's Club, until ppl would charge $50-100,000 a year, pay during their grace period and get 1% cash back. $25 in fees doesn't cover $1000 cash back. Mal-Wart quit doing lay-away when ppl would put all of a hot toy away, then pick them up as they sold on ebay or Amazon. |
|
Valued Member
United States
139 Posts |
Quote:
Banks are their own worst enemies. They exist solely to fleece their customers As a bank manager I don't go to work everyday to fleece my clients... My employer's goal isn't to fleece anyone either. Banks are here to make a profit and provide a service and a valuable one at that. Its valuable and yet commonplace so most people take it for granted and treat banks as though they are charities or government entities (same thing). There is much dispute about how much it costs banks to have coin brought in but it is a fairly irrelevant argument. Banks pay to have a building with electricity and computers and most importantly...people. All these things cost a lot of money and the goal of all involved is to be profitable with the business you have and try to bring new business in. Coin searching has nothing to do with this... so as jbuck says we must adapt or move on |
|
Pillar of the Community
United States
1150 Posts |
I'm in full agreeance with SCUBU and JBUCK and everyone else that says banks don't HAVE to order coin for customers. It does cost them money to get the stuff and they are trying to make a profit. No arguments about that here.
And yes, CRHs CAN BE their own worst enemy, as in my recent experience with the dude searching coin at my bank and bringing them right back into the same branch...30 or so boxes at a time!
I'll gladly pay the fee from now on, since I enjoy searching rolls. Its worth it for me since it is part of my hobby. Heck, I pay for fishing gear and sometimes don't catch fish so I'll pay for boxes of coin and sometimes not find anything good. No big deal.
I did have one odd experience today though. I went to my Credit Union (not my bank) and used their free coin counting machine to dump my nickels into. I figured they would be glad to sell me the filled bags of coin from other customers from the machine but they said they won't do that because it goes "straight to the reserve." I would have assumed they would save money by selling me the coin, but maybe not? Anyone who knows about this have any idea on why they wouldn't want to? Maybe they roll the coins right there and they go back out to customers? This is Navy Federal Credit Union, by the way.
|
|
Valued Member
United States
139 Posts |
Mitch, I buy from a coin counter at a grocery store and there is only one employee there who knows how to work the machine and run the transaction for me to buy the coins. The machine is otherwise handled by brinks. I imagine your credit union either doesn't know how to sell from the machine or doesn't have a procedure in place for doing so.
|
|
Moderator
United States
189340 Posts |
Quote:
@ jbuck- unless you become a teller supervisor which is what I'm working towards then I will hopefully never run out! No worry there, I rather enjoy my current job. Quote:
Heck, I pay for fishing gear and sometimes don't catch fish so I'll pay for boxes of coin and sometimes not find anything good. No big deal. Great analogy! There is no shame is paying for our hobby. I think the long term benefits outweigh the costs. |
|
Valued Member
United States
196 Posts |
@mitch- I currently buy the bags at my bank, but I must have them back and deposited by their send day on thursday. You may want to ask if you bring them back that week before they ship out if that is possible. They probably just dont want to sell it to you, they ship their stuff, and then the next day you come in and they have to hold it another week (or however often they sell to fed)
|
|
Valued Member
United States
429 Posts |
1. The funny part is that we get a box of coins (cents for this example) for even money.
2. We then look at every coin to find the ones worth more than face value.
3. We then repackage, dump, etc at another place to get our original money back (plus the profit on the great finds)...
4. So, after it is all done we do not spent a cent to make a personal gain.....
I don't care how you look at it, a few extra bucks is nothing for what we are doing with it. And if you want to complain about the surcharge, then quit roll searching and go buy the coin at full price. Besides, if you can find a coin store where I can buy coins for face value and return the rest of them I did not want, I would be the first in line.
|
|
Pillar of the Community
United States
4333 Posts |
I understand what yer sayin Pennypincher, but with $4 gas nowadays, even without bank fees the cost of roll hunting can be expensive. If I break even while silver mining, I'm happy!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
Australia
7096 Posts |
Why not pay for the service provided by the bank.
After all roll searchers and Noodler's aren't really doing any real business with the bank we are just looking through their change and giving it back to them.
The banks have to pay their tellers and pay the rent,electricity etc.
There is no profit in handing out vast amounts of coinage and then putting it all back again.
So I would have to agree with a handling fee, after all it would only be a few bucks and you wouldn't have to feel guilty when you constantly ask for coins.
|
|
Moderator
United States
189340 Posts |
Quote:
Why not pay for the service provided by the bank... after all it would only be a few bucks and you wouldn't have to feel guilty when you constantly ask for coins. Well said.  Considering the finds posted here in numerous threads, I think most will still come out ahead. |
| |
Replies: 41 / Views: 6,671 |
First Page
Posted 03/19/2012 2:14 pm
