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Order Massive Amounts Of Coin?

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Valued Member

United States
477 Posts
 Posted 06/20/2012  9:45 pm Show Profile   Bookmark this topic Add greenprint to your friends list Get a Link to this Message Number of Subscribers
I would like to purchase a couple thousand dollars in dimes for face value. What exactly is the beset way to do this? Does anyone have any experience with doing this and could give any advice? Also how did you go about depositing the coin back into you bank?
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 06/20/2012  10:09 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Getting it is easy. Just order boxes ($250 a box) from your local bank. You might need a business account to do this.

Depositing them can be more tricky. Might want to find a branch with a coin counter.
Valued Member
United States
477 Posts
 Posted 06/20/2012  10:38 pm  Show Profile   Bookmark this reply Add greenprint to your friends list Get a Link to this Reply
so you think I could get like 4k in dimes without like making a special order?
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okiepb's Avatar
United States
1213 Posts
 Posted 06/20/2012  10:46 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
I echo Steve's advice. I buy them all the time from one bank chain and return them to a totally different bank chain. I have personal accounts at both of them so there are no charges to me for ordering the coins. The bank I deposit them in has a coin counter and the tellers run the coins through the counter. They haven't charged me a fee yet for doing this, but that could be because I take them all baked cookies / breads twice a year. They all know my name and are always very nice, even when I show up with $500 bags of half dollars.

I suspect after I leave when I drop off a bag or two of halves the teller that got stuck with me curses her luck.


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Fuzzy317's Avatar
United States
14463 Posts
 Posted 06/20/2012  10:47 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
edit - someone replied better than I

ordering coins, you may get bank rolled coins (maybe all one date)
Edited by Fuzzy317
06/20/2012 10:50 pm
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Owassokie's Avatar
United States
622 Posts
 Posted 06/21/2012  09:52 am  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply
You could call a bank and get the correct answer, much quicker.

To answer your question...it depends on how big or small your bank is.
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/21/2012  12:21 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
so you think I could get like 4k in dimes without like making a special order?


I doubt if even very many commercial banks have that quantity on hand, much less your local branch. One or two boxes should be doable at most banks but sixteen of them will definitely require a special order and probably a business account as well.
Valued Member
United States
477 Posts
 Posted 06/21/2012  2:52 pm  Show Profile   Bookmark this reply Add greenprint to your friends list Get a Link to this Reply
well from whom do banks purchase their coins from? Can I just order from the same people? The problem is that I don't know what organization distributes massive amounts of cash to give to customers
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/21/2012  3:32 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Banks get coins from the armored carrier companies(Brinks, Dunbar, Loomis, etc) but they do not do business with the general public. Even if they did, do you really want an armored transport pulling into your driveway with an armed guard wheeling a dolly to your front door?
Edited by biokemist6
06/21/2012 3:32 pm
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 06/21/2012  6:50 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
When I started buying dimes 5 years ago, I could order multiple boxes from banks that I held no account at. Not many roll hunters then, let alone dime hunters. Later I opened multiple accounts and ordered many boxes at a time, as tellers become short tempered if you constantly ask for in-house dime boxes. Later I switched to cust rolled dimes and could easily purchase $1k-$2k every 2 weeks between 3 banks. I had a sweet setup where a credit union supplied me with coin lok bags, I filled them and immediately received my cash, never depositing (therefore no paper trail).
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
United States
477 Posts
 Posted 06/21/2012  11:26 pm  Show Profile   Bookmark this reply Add greenprint to your friends list Get a Link to this Reply
you never deposited all those dimes?
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 06/22/2012  06:02 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
you never deposited all those dimes?

Never once. In fact, I've bought well over $100,000 in diff denoms, never depositing any of it. No need to. If I didn't use it to buy coin, I'd spend it.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
06/22/2012 06:03 am
Valued Member
United States
477 Posts
 Posted 06/22/2012  1:44 pm  Show Profile   Bookmark this reply Add greenprint to your friends list Get a Link to this Reply
i would really like to volume hunt but think it's going to be very hard to, any advice
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