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 Replies: 16 / Views: 4,009 |
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Pillar of the Community
United States
2424 Posts |
so this is the second time this has happened to me.
i start out with a sum of money, say $1000.
i end up getting $400 in dimes, cashing them for $400.. but then, over the course of a week, I take that $400 and get $300 in dimes and nickles, take the difference and put it in an envelope, then take the $300 and get $200 worth of nickles and dimes...
long story short, when I go to tally the $1000, I get $910...
now, I make sure to count and roll every coin. make sure when I go to cash it, I tell them " $400 in dimes" and I get $400 in cash..
so somewhere along the line, I'm coming up short.
now, I don't know if its the tellers fault or my fault. doesn't really matter... but is there some way that you guys can keep better track of the funds?
i have looked everywhere for the difference, not in my pockets, etc.. only thing I can think of is when I cashed out or was given coin, I was given the wrong amount...//
i guess I need to scale back the amount? or make sure the amount is an exact amount. I have been getting all customer rolled coin, so maybe there was some missing...
so if I go for the boxes, at least I will have exact amounts.. anyway.. help!
Edited by SDcoinguy
11/17/2012 6:51 pm
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Moderator
 United States
14463 Posts |
A few ideas:
- the CRW may be short
- the boxes may be short
- you are counting the coins you pull
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Valued Member
United States
381 Posts |
Are you accounting for any coins that you may be keeping? If you are searching a lot of customer wrapped rolls, they could be short? I don't know if this would account for the missing $90? That seems high.
When I search a box of coins, any denomination, I will keep them separate from any other coins I am sorting. Example: I pick up a $100 in customer wrapped nickels from the bank. I clear my desk and start sorting. When I have finished, I count the coins I have kept and subtract that from the $100. I then place those nickels into a separate bag to take back to the bank. If I am sorting 4 boxes of coins, I will have 4 bags to take back to the bank. Since I don't have to re-roll my coins, I don't bother to count the pennies or nickels I take back. I will however count all dimes, quarters, and halves. The only reason I count the dimes is the coin counter sometimes makes a mistake when counting dimes as pennies.
Also, I have trouble when I'm at the teller window when I try to do more the one transaction at a time. For me, if I have multiple transactions to do, I have to do them separately. I don't know if it's me who gets confused or the teller. It's most likely me.
I hope this helps.
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Pillar of the Community
Canada
3167 Posts |
WOW! Thats a lot, not sure what could cause that...
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Pillar of the Community
 United States
2424 Posts |
yes the amount missing is $90..
i started out with $1000 last week.
only using $430 if it to coin hunt...
and now, I'm coming up with $910...
im not keeping any. these have been mostly dimes.. if any pulled, I only pulled about 7 dimes...
my guess is that the tellers said there was $300 in coins, but actually gave me less.. or something to that degree.
any suggestions on safeguarding against coming up short, double counting, asking for receipts?
at this point my wife is asking me to stop all together or at least just hunt with less...
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Moderator
United States
14463 Posts |
I am fairly sure the only 100% sure way is to count all coins when they are given to you. For normal business transactions, you have to decide how far you want apply some trust: accepting rolls as full, or accepting a box or bag contains what is stated.  Even weighing the rolls/boxes/bags is no guarantee Edited by Fuzzy317
11/17/2012 11:52 pm
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Pillar of the Community
United States
4333 Posts |
Sd, sounds like you are on the right track. Keep a log and all receipts to be able to balance.
Because of the volume (dimes) that I search (normally about $1,500 a crack), I only count rolls, not coin. Because of my dump method, I don't have to count and I don't use a bank counter.
Yes, sometimes I take a small hit, but I usually break even or better on gas costs etc.
For me, it's only a hobby, and a cheap one compared to other hobbys.
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
4333 Posts |
There is of course, no guarantee that customer rolls or machine rolls from boxes will be exact counts.
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
2424 Posts |
im not counting on individual coins, I'm also going by rolls..
at my CU they bring out dimes in those green plastic boxes that house the dimes. my guess is that some of those may have been short.
i need to do a better job at counting them when they give them to me at the banks.
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Pillar of the Community
United States
4333 Posts |
My banks use the metal type holders that house a specific amount of rolls, say $200 or 40 rolls of dimes. I try to do a quick visual scan to make sure the top layer of rolls are flush, or even. They usually let me dump these rolls from holder into my bag when I receive them. I have been shorted once before when I let a teller dump them behind the counter.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
Canada
16 Posts |
short stacked rolls would only affect you a small amount, and I doubt the tellers would risk their job over a roll of nickels.
does your wife have a starbucks habit? do you have kids who have access to your desk?
I swear I've lost more coins to my kids allowance fund than I would care to think about.
Edited by WCW
11/18/2012 7:46 pm
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Valued Member
United States
381 Posts |
When I buy customer wrapped rolls, the teller counts them to make sure the total is correct. Even if they are already in a bank box. There is no need to count them if I'm picking up a sealed bank box. Anything other than a sealed box get counted. In my opinion, it's to easy to miscount rolls that are stacked in multiple layers in those trays.
You can always take an old bank box in and re-stack the rolls so they are easier to count. A quick look should tell you if the box is full.
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Pillar of the Community
United States
4333 Posts |
Quote:
There is no need to count them if I'm picking up a sealed bank box. Anything other than a sealed box get counted. That is, until you get shorted a roll or two from a sealed, machine-processed box. It happens. Quote:
In my opinion, it's to easy to miscount rolls that are stacked in multiple layers in those trays. I'm not sure how. The design of the tray allows for a flush top row if the count is correct. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
11/19/2012 05:38 am
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Pillar of the Community
Australia
7096 Posts |
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Pillar of the Community
United States
622 Posts |
I agree this isn't short rolls. I assume you keep close enough eye on your rolls to know they haven't been shorted by over 20% or filled with washers/pennies. Forget the $1k. You're missing $90 of the 430. The only way that would happen is you misplacing some cash/rolls or the teller is providing an incorrect amount of rolls/cash back.
OO
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Pillar of the Community
United States
1770 Posts |
from experience I know for a fact those machine sealed rolls come up short alot, many times in quarter boxes I've counted numerous rolls with less than 40 also applies to the halves I've gotten 18 and 19 so many times and these losses add up
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Replies: 16 / Views: 4,009 |
Posted 11/17/2012 7:36 pm
