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 Replies: 15 / Views: 1,752 |
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Pillar of the Community
United States
1903 Posts |
Which would you chose...to have to rotate through dump banks to dispose of boxes of halves, or have one dump bank that charges you $5 per box but then you never have to worry about where to dump again. It is starting to entice me to just suck up the $5 a box just to not have to worry about where to go and that way I can bring all I want and not get funny stares. Thoughts anyone?
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Pillar of the Community
United States
1388 Posts |
I would say the $5 if you can afford it. Idk 4sure
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Pillar of the Community
United States
8516 Posts |
Take the dump coins to the bank where you have a legitimate bank account. US Bank doesn't charge if you have an account. They do charge 3.50 for a 50 dollar bag of pennies but I can live with that.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
139 Posts |
Most union banks have coin counters. Free to members.
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Valued Member
United States
247 Posts |
I guess that would depend on how active you are, $5 a shot can get expensive fast. If you factor in gas/time used/convenience/etc... with the "free" banks, that $5 may not be that bad on occasion. I don't know if it's the norm but one of my local BofA branches provides large 50lb limit coin bags for free that I can use to bring in change provided that I bring it in the morning of or the day before their vault delivery. Best part is they don't want it rolled  Edited by Bluntedbobylon
04/22/2012 3:10 pm
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Pillar of the Community
United States
3276 Posts |
tough call. I'd dispose at different banks, and if you ever wore out your welcome, then i'd go with the $5 a box. The wells fargo told me they charge $5 a bag that you bring them. I could fit $1000 in halves in a bag. That is the route I will go if I ever do halves. That's just $2.50 a box to dispose.
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Valued Member
United States
122 Posts |
 OK guys don't laugh to hard at me but this is were I get most of my coin education and lingo from this site. so hear I go, what is dump banking ?  |
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Pillar of the Community
United States
3276 Posts |
dump bank is a bank where you choose to get rid of your searched coins (dump).
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New Member
United States
40 Posts |
The bank my wife and I have our accounts and mortgage through has 3 branches in my hometown. Luckily each has it's own coin counting machine in the lobby and they're free, so I choose to dump my coins there. They are making plenty of money off of me already with the interest on loans we have there and they have yet to say a word regarding the dumping.
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Pillar of the Community
United States
4333 Posts |
Personally, I've never been charged a fee for pickup or dumping in five years, and I only average about $30,000 in searched coin per year. It's not a free hobby for all, best to keep costs to a minimum, and there are way too many banks in general that do not charge fees. I've used the same two CU's for dumping all along. One has a counter (only free to members with a min amount in savings), and one that takes bags of loose coin and gives cash back over-the-counter.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
622 Posts |
I'll echo what blunted said. Almost everyone has a B of America close to them. Open an account for a few bucks a month. They provide the bags for me and I just fill them up and bring them in. They ship them somewhere else to be counted. It takes awhile to get your money but they seem to be accurate. Personally, I purchase my halves from them and dump all my pennys, nicks and dimes on them. I dump my halves at a regional bank and local CU.
Owassokie
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Valued Member
United States
247 Posts |
Owassokie,
If you don't want to wait for them to count it just declare the value and you'll get immediate credit. Fairly simple really, if you sort through a box of pennies and pull $4, just state that the bag is $21. Much better than waiting a few days to a week for the credit. Odds are it'll be + or - a few cents but I haven't had a problem with either denomination yet. Although its probably better to keep an accurate enough count with quarters and halves since that can add up fast ;)
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Pillar of the Community
United States
2757 Posts |
if you roll yourself, would there still be a fee?
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Pillar of the Community
 United States
1903 Posts |
There are no CUs, BoA, or Wells Fargos near me. In fact no banks here have counters and all want them rolled.
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Pillar of the Community
United States
1770 Posts |
unholy it can be really tough that at times I would pay the fee so I wouldnt be hassled. today I brought back dumps to a new TD that just opened up and already the lady was yelling at me "too many coins" these machines are for kids" or "these machines are designed for only small amounts of coin" first and last time for that branch
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Pillar of the Community
United States
622 Posts |
Blunted, Declaring an amount is something that some BofA's allow and others don't. Unfortunately, mine doesn't. I told them once that I knew exactly how much coin was in the bag but they still wouldn't allow it. Said that they couldn't until verified (BS). And this is coming from a bank where I have a good relationship...the tellers like me.
Unholy, It amazes me how different Kentucky is from Oklahoma, in terms of banking practices. I bet you have no problem getting your hands on customer rolled coin? That's impossible around here. I also can't get bags of coin that have come off coin machines. I guess there are positives and negatives for both of our setups.
OO
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Replies: 15 / Views: 1,752 |
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Posted 04/22/2012 1:06 pm
