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 Replies: 7 / Views: 1,527 |
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Valued Member
United States
477 Posts |
Ok look here big boy  I'm writing you this email to ask for some help that I hope some of you can provide. I would like to order a lot of pennies from one of those companies that banks do business with do obtain coin. Yes I know that those companies normally don't do business with the general public. They however are a business and I don't see why they wouldn't. I don't care if I have to order over 10,000 in pennies - 1,000,000 pennies - and have to pay a couple hundred dollars for them to do it. Please enlighten me on how I can obtain a mass amount of coin so I can spend a very long time searching coin. Thanks, GreenPrint |
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Pillar of the Community
1751 Posts |
First, open an account with the preferred depositor company of your choice.
Second, deposit $50,000.
Third, rent a storefront.
Fourth, build a secure area in said storefront.
Fifth, open for business.
Sixth, have said coin delivered to your storefront.
Seventh, pay the appx $500 in monthly fees for delivery and pickup service.
Eighth, enjoy your searching.
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Pillar of the Community
1751 Posts |
In short, dude, why would they change or ignore policies that are developed for cost efficiency to satisfy one person who wants to order a lot of coin... once? A couple hundred bucks won't justify the security risks and associated costs they would be taking on to either deliver to your home or by letting you enter their facilities to pick up the coin. A couple hundred bucks MIGHT cover their cost of wrapping that amount of coin.
You could have come to this conclusion on your own if you had simply contacted the companies directly and discussed this with them. I've talked to Garda, Brinks, Loomis and Dunbar at length about coin deposit, delivery, and pickup policies, and that's how I know what you're asking is pretty much impossible.
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Valued Member
 United States
477 Posts |
that sucks =(
i just keep on telling myself there has to be a way, they are a business and need money and I'm fine paying the fees
I guess I'm just in denial
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Valued Member
United States
477 Posts |
ok what about opening a business account with BoA
I've done some research on it and apparently you only need 15 k in the account at all times to acquire no fees
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Pillar of the Community
1751 Posts |
Not happening. Plain and simple, you aren't getting coin delivery or large-scale ordering for cheap or nearly free. Your best option is to use multiple banks and spread things out, geographically, so they don't flag your account and shut you down. If you want to hunt volume, you've gotta do some work, man.
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Pillar of the Community
United States
1200 Posts |
Call the local company office up on the phone and ask their sales department how to set up an account and place an order with them.
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Valued Member
United States
370 Posts |
I saw somewhere, youtube or some link I followed, where a company was pulling copper coin on a huge, HUGE scale. If you have ever seen those big white bags of rock they have in front of home depot, like 4x4x4 feet square well that's how there were processing their pennies. Short of that you would probably still have to be using a forklift and have a receiving dock and now you have a big kick me sign around your neck. So I would guess you are likely caught between picking up from a bunch of banks and spreading it out, or going big enough that it's a total business.
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Replies: 7 / Views: 1,527 |
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Posted 01/15/2013 10:27 pm
