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 Replies: 17 / Views: 2,832 |
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New Member
United States
42 Posts |
I went to a small local bank today and asked if I could get boxes of half dollars ordered. I was told that only customers with commercial accounts could order boxes of halves. According to the teller, one particular business customer isn't a collector but orders boxes of halves. A rather unpleasant head teller was becoming annoyed with my questions so I didn't ask anything else and left. Does anybody know why a modern commercial enterprise would want or need to order small quantities of half dollars for business purposes?
Casey
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Valued Member
United States
107 Posts |
Slot Machine Businesses potentially. Only example of a company who would have a need for them for older slot machines in my opinion.
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Valued Member
United States
209 Posts |
A business gives by me gives them and two dollar bills for change.
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Pillar of the Community
United States
7840 Posts |
Why not? I ordered half dollars and two dollar bills once for my part time job's petty cash stash. They got a good laugh out of it, but told me not to do it again.  Edited by oih82w8
12/20/2012 4:20 pm
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Rest in Peace
 United States
1380 Posts |
I run a pond supply store and get halves, dollar coins and $2 bills from my bank each week to give out in change. Most customers loves getting them in change, and frequently ask if I can change some of their other bills for these.
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Pillar of the Community
United States
4333 Posts |
There may be a legit reason for a business to order halves, but I can't think of one. Teller may be pulling your leg, or doesn't know any better.
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
71 Posts |
It would have to be a business that sells a lot of product that ends in .50 Many years ago in high school I worked at a car wash, the price of a wash was $4.50. We used to give out a half dollar in change to ever customer.
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Bedrock of the Community
United States
12437 Posts |
Quote:
I was told that only customers with commercial accounts could order boxes of halves. Most likely because commercial accounts generate more revenue for the bank than personal accounts. Ordering boxes of coins represents a fixed cost to the bank and they incur another cost if they were to receive the coins back from a personal customer after searching. Coins distributed to a business would almost never be returned in bulk to the bank. Have you tried to order boxes of any other denomination? I cannot imagine a policy like that only applying to half dollar boxes and nothing else. |
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Rest in Peace
United States
1380 Posts |
What am I fistfulladirt, chopped liver? I am a small business. I get halves from the bank every week to give out in change. I know of at least two other businesses locally that do the same. I like to think I inspired them. I don't have to order the halves specially as I've been getting them every week for 5 years and the bank knows to get them for me. If for any reason I miss a week, they get worried about me. Yes, I search the halves as I put them in the till.
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Pillar of the Community
United States
2757 Posts |
if I had a small business, I would get these half dollars and 2 dollar bills and give them out in change too. what a great way to have your customers remember you and look forward to coming in!
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Pillar of the Community
United States
1042 Posts |
"You can catch more flies with honey than you can with vinegar."  I have a "student" checking account with my local BofA. As of tonight, I have less than $18 in the account. I routinely buy boxes of halves from this branch. Heck, 99% of the time I'm in there buying coin, I don't even have to swipe my card to do so. Most of the tellers know me. This branch of BofA is the largest merchant branch in the area. They do a lot of coin transactions. I was perfectly honest with them when I opened my account. "I'm a coin collector, I search through boxes looking for coins that I need to fill holes in my albums." Every once in awhile, I bring in a box of donuts or a bag of candy... *hint hint* I brought my 7070 with me once...and handed it to the vault-manager...and let her show it off to a few of the tellers that weren't helping other customers at the moment... The 1/2 cents and the large cents attracted the most attention... |
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Pillar of the Community
United States
2224 Posts |
I know of a small local business around my area that frequently orders halves (locally-owned independent burger joint) for change. When I was frequently searching halves the bank that supplies the burger place was always happy to take my rejects, as it saved them from ordering halves for them.
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Pillar of the Community
United States
4333 Posts |
Quote:
What am I fistfulladirt, chopped liver? I am a small business. I get halves from the bank every week to give out in change. Haven't heard of a business in my area ordering halves, I have had dealings with more than a half dozen banks and CU's for five years now, fairly tight relationships. I commend you for ordering those halves...but you say you search those halves first? Chopped liver it is! 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
186 Posts |
the last few years I worked at the Syracuse University Carrier Dome concession and they used halves
Everything for sale was in whole dollars or in 50 cents increments.
so thats the only coin in their cash drawers
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Bedrock of the Community
United States
36688 Posts |
Retailers that order halves know that many non collectors look at them as novelties and they'll remember where they got them from. Same is true for $2 bills and Presidential dollars. Try spending some and look at the reaction you get from non-collectors. Sounds like the bank you were at is one I would no longer deal with. If they are already ordering halves for retail customers, there is no reason why they couldn't add a couple boxes in their FED order for you as a good will gesture for a customer. |
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Pillar of the Community
United States
4333 Posts |
I agree with IndianGoldEagle. I would consider them as my new dump bank.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 17 / Views: 2,832 |
Posted 12/20/2012 4:10 pm
