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 Replies: 20 / Views: 6,377 |
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Valued Member
United States
477 Posts |
Hi what should I say to a teller?
I'm thinking of going to a bank and simply asking to withdraw $1000 USD in pennies (or some other large amount not exactly how much I want to do yet). The teller is obviously going to tell me that they don't have that much. What do I say as to why I want this amount in pennies? Thanks. What's been your experience when asking for a large amount of coins? Should I ask them to order me it when they say they don't have 1000 in pennies?
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Pillar of the Community
United States
713 Posts |
I don't know if there is a right or wrong way, but if it was me:
I would simply ask them to order the boxes. I would say, "I need to order $1,000 in pennies. How do we go about that?" I don't act like they're doing me a favor. I act like it's a normal part of their job.
But, of course, I don't shoot myself in the foot; I act as polite and respectful as I can possibly be.
I might want to consider approaching a manager first. They might have more information than the tellers and more authority. If they asked me why, I would simply say, "I am a coin collector." That's when the angels would start singing.
Good luck.
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Moderator
 United States
56855 Posts |
When wanting a large amount of coins you should order them. I call ahead and order 4-10 boxes(cents) at a time and the next week I pick them up. I also go to a few banks that I am not a member of(walk in) and can usually get one or two boxes. John1  |
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Valued Member
United States
187 Posts |
make sure you can handle a $1000 dollars worth of pennies.....according to my calculations,and math is not my strong suit,but I believe that haul would weigh 542.5 pounds if you get all zincolns.....672.734 pounds if you get all coppers.Quite a load
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Pillar of the Community
United States
4333 Posts |
Be polite and respectful, of course. Ask for the vault teller. Place an order...and remember, it's none of their business what you need the coins for, but I usually just say I'm a collector. There can't be that many tellers left in this day and age that are not familiar with roll hunters.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
397 Posts |
I would agree with RMAN4443, make sure you know the weight you are getting yourself into.
And as far as $1,000... break that up into a couple of bank runs would be my best advice.
Just wondering: Why 40 boxes ($1,000) of pennies all at once? I get a single box at a time (maybe two boxes if I am planning on having lots of free time over the weekend when the bank's hours are restricted), and I now that I do my penny dumps at Coinstar machines and don't reroll, I can go through a single box in a night if I push myself.
I guess it depends on what you are looking for and pulling, but it seems to me that getting so many boxes all at once only eliminates the need to return to the bank any time soon... which doesn't seem a pro that outweighs the con of getting a bank to order 40 boxes at once.
Plus then, depending on what you save and assuming you keep all coppers, and that you get about $5 in copper per box (my average), you've got 32 boxes of zinc pennies ($800) in pennies to dump off somewhere, which could be as big of a pain as getting them to order them for ya in the first place.
So just curious as to why the bulk order all at once?
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Pillar of the Community
United States
1770 Posts |
green you always ask the strangest questions makes me chuckle sometimes, best way to find out is go and see what they say although 1000 dollars in pennies is pretty out there
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Pillar of the Community
United States
1119 Posts |
I wouldn't ask for a $1000 in pennies all at once. With that large of an order you are more likely to get brand new mint fresh boxes. Even if they are not all the same date and mint you could end up with $1000 worth of zinc pennies with no errors or varieties. Then youre just stuck hauling around + 500lbs of zincolns. And unless you have a truck rated for a half ton capacity you would be overweight and could be ticket for an overweight vehicle, not to mention the wear and tear on your suspension and increased breaking distances and wear. Also unless they are secured from moving around you are then liable for a ticket for an unsecured load. Just stick to a couple boxes at a time. Much easier.
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Pillar of the Community
United States
1227 Posts |
Green,
First off, I would do a smaller amount--$100, max, maybe, for the reasons listed above. I like to open with tellers I haven't seen before with a joke: "I'm one of those awful coin-search collectors. I'll try to be nice." Then I make my request, which I try to keep reasonable (usually a box of pennies, $50 in dimes, or some dollar coins). This sounds counter-intuitive, but when you're a casually-dressed YOUNG woman (I've been told that without my glasses I look about 17, which I think is mostly people being nice, but 20 I would believe) wandering into a bank near closing time because of your work schedule, I think it helps. One Wells Fargo teller, when I asked for dollar coins, even went "any heads you're missing?" Turns out she was planning to pay me in loose coins, and had a variety of Presidents available (that's how I scored my John Q. Adams, incidentally).
Obviously, magic words ("please" and "thank you so much"--if you think that latter sounds like groveling, I promise you, when you work behind a counter for long it becomes very obvious who's really thanking you and who's saying it because they're "supposed" to, and you don't want to be one of those latter people) are in order. I get away with calling tellers "hon" because most of the bank tellers in my area seem to be around my age for some weird reason (where I'm from they were all almost old enough to be my grandma), but you may choose to go with "sir" or "miss" or, if the teller is wearing a nametag, by name.
I've also found that it helps to make sure you're not inconveniencing them; before I bought my first box of pennies, I asked if it was possible for someone without a business account to make that purchase so as to not waste my time or theirs.
And unless you're just looking for commons, DO NOT tell the tellers what you've found from their location. See how fast your silver dimes dry up when you say "yeah, someone's bringing in whole rolls of silver! Do you guys know what that's worth?" (On the other hand, if you dump out your bag of Prez dollars and find a John Q. you've been going nuts trying to get, I don't see a problem with mentioning it the next time you go in: "Hey, you know that bag of loose Prez dollars you picked out for me? One of those filled a hole that's been driving me crazy. Thanks!")
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Pillar of the Community
United States
4333 Posts |
All textbook, but ya gotta get out there do it, just use common Cents.
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
30 Posts |
BRING TREATS! First you want to get to know the bank/credit union people, I would bet a( WAM)!! that 95% are ladies, they all love treats , cookies,etc . its a win win!! they get business and you get friends in the banking (bank roll) business!! they will take care of you, that's for sure, I have learned a lot from them and they from me,i taught them about change and they taught me how and when to get it,a few of them even look out for star notes for me,and have done well,, IE: 10 dollars in nickels in original wrappers from 1939, 100 dollars in quarters that yield 28 1935 jems, and a penny roll that lead to my first WAM!! Rollationships!! go get you one! PS.I got 200 dollars in pennies for Christmas last year, it took them 10 days to get that, and it came in loose change , no rolls and in heavy gauge plastic, I just got through all of them last month for the most part, FYI. and I looked at them every night . |
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Pillar of the Community
United States
4333 Posts |
Quote:
BRING TREATS! The fastest way see your silver dry up. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
19935 Posts |
No way I'd walk in and ask for that....chances are great you'll get rejected. Dealing in coinage COSTS THE BANK MONEY. They do not get change at face value but they "sell" it at face, it's a losing proposition for the bank. Telling them you're a collector will likely greatly increase the odds of getting rejected. You're much better off not saying anything or telling them it's for your business.
For some reason a lot of you think your entitled to getting boxes at face value. I have news for you all, you are NOT and a bank can tell you to take a hike. When folks abuse the privilege of the occassional box by requesting huge numbers at once, the greater the risk that ALL of us searchers will one day be cut-off or forced to pay extra.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
Canada
135 Posts |
I don't think I am "entitled" to anything, but I do think the banks can afford to suck it up. I don't care if it costs them money, they have nickle and dimed me to death over the years.
I now use a credit union, but I return to my old banks to gather coins.
That being said, asking for $1000 in pennies would sour any bank relationship. Tread lightly, don't be a dink about it.
I would open an account at the bank you want the pennies from. Make them earn the $14.95 a month YOU pay to let them EARN INTEREST on YOUR money.
Try to remember all the times you pay $1.50 to withdraw your own money which you are lending to them. This adds up to a huge amount of money over time.
Americans have even more of a right, didn't you guys just "bailout" a bunch of banks to the tune of $1.2 trillion in 2008 alone? Wow, record profits again this year, how does that work? Talk about entitlement.
People of my generation have never really had any tangible benefit to using a bank, it's simply a place to lose money.
Why use a bank at all? For the convenience of a "debit card"? Please, it's just a ploy to skim your money on every transaction and to save them from doing as little physical work as possible. The use of an ATM machine should cost you LESS, they are not paying a person to serve you!
I resent the fact that after a long work week I have to stand in line for a half hour waiting to deposit my pay, I feel like I'm in a soup kitchen lineup.
You should be charging them a fee for turning change into easy to store bills.
It's amazing how we have lost the true meaning of what a bank is supposed to be.
Just so I understand this, we're supposed to pay interest on money borrowed AND pay interest on money lent? No wonder we're in trouble.
I think we should stop letting the man roll over on us.
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Moderator
United States
187702 Posts |
What BadThad said, and then some.  |
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Bedrock of the Community
United States
19935 Posts |
Quote:
I don't think I am "entitled" to anything, but I do think the banks can afford to suck it up. I don't care if it costs them money, they have nickle and dimed me to death over the years.
I now use a credit union, but I return to my old banks to gather coins.
That being said, asking for $1000 in pennies would sour any bank relationship. Tread lightly, don't be a dink about it.
I would open an account at the bank you want the pennies from. Make them earn the $14.95 a month YOU pay to let them EARN INTEREST on YOUR money.
Try to remember all the times you pay $1.50 to withdraw your own money which you are lending to them. This adds up to a huge amount of money over time.
Americans have even more of a right, didn't you guys just "bailout" a bunch of banks to the tune of $1.2 trillion in 2008 alone? Wow, record profits again this year, how does that work? Talk about entitlement.
People of my generation have never really had any tangible benefit to using a bank, it's simply a place to lose money.
Why use a bank at all? For the convenience of a "debit card"? Please, it's just a ploy to skim your money on every transaction and to save them from doing as little physical work as possible. The use of an ATM machine should cost you LESS, they are not paying a person to serve you!
I resent the fact that after a long work week I have to stand in line for a half hour waiting to deposit my pay, I feel like I'm in a soup kitchen lineup.
You should be charging them a fee for turning change into easy to store bills.
It's amazing how we have lost the true meaning of what a bank is supposed to be.
Just so I understand this, we're supposed to pay interest on money borrowed AND pay interest on money lent? No wonder we're in trouble.
I think we should stop letting the man roll over on us.
So, you think banks should just provide a service that everyone needs for free, eh? Just an FYI, they are a business like any other business. This talk of "the man" sticking it to you is nonsense. For me, they provide an awesome service that I need and I rarely pay any fees....I mean EXTREMELY rare, as in, I can't remember when they last got a dime out of me. I use their website FREE, I pay my bills FREE (and they will even mail a check - FREE), I cash checks FREE, I get boxes of coins FREE, I use their coin counter FREE, I use their ATM's FREE, I use my checkcard and bank Visa FREE (in fact, they pay me rewards points), I use their branches FREE for whatever purpose I want. I don't know where you bank at and I don't know squat about the Canadian bank system....but here in the USA we cannot complain. And, FYI, the banks have mostly paid back the taxpayers....WITH INTEREST. Edited by BadThad
08/03/2012 2:45 pm
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Replies: 20 / Views: 6,377 |
Posted 07/31/2012 11:51 pm
