Bad News For Some Coin Roll Hunters

Hasn't reached my area yet :)

One other side note. I have heard and have seen lots of pickers who can't keep their mouths shut. After they make a nice score they love to go back to the teller/seller/dealer and brag about how much money they will make or how much money the item you let them have was worth. Way to go 'large mouth bAss.' Blabbing is the fastest way to lose a source. These same idiots are the first to when the honey hole dries up.

Uh, why wouldn't bank tellers do this? They are likely more privy to this kind of stuff than the average person. What would the bank care as long as they do their job effectively and get reimbursed for the face amount?

Seniority at a job brings perks. I wouldn't imagine a teller of a few years would be allowed to do such a thing, but a person working for the bank for 10, 20, 30 years...seniority brings perks. If a person has invested a lot of time and sweat into a company, you get respect. As long as the person does their regular duties, I'd imagine being allowed to sort out silver from customer rolls is one such perk. I don't see any reason why the bank itself would do that. They're only going to get face value for it.

This is the primary reason I got into collecting copper and cents over 10 years ago. All of the bank tellers in my area are very aware of silver. Most tellers that I know and speak to quite frequently keep it and take it down to the local coin shop for melt.

This is the norm in my area. I have 2 tellers in very small CU's that save "old pennies" for me and "weird looking" coins that I can buy for face from them, but they hang on to the silver and I usually can't buy it from them unless I pay a bit more then what the coin shops will.

Also, at the local branch (which has 5 banks in the area), if a teller has a customer that comes in with "old coins" they "usually" will try to not accept the deposit and refer the customer to coin shops for appraisals. (This info comes from a branch manager, who is a close friend of mine.) It's a major bummer.

My personal bank (very small CU) doesn't accept CWR and I use it as a dump, they have a coin machine and it's free for members. The tellers there tell me they get asked about silver or coins "a dozen or more times a day by older folks."

It's obvious that the more people that ask...tellers eventually get educated.

Wow! That's (when compared to how it goes in my area) surprising. I'm in upstate NY and the bank management attitude here is about half-way between
medieval and terminally constipated. I've never seen any teller doing any CRHing in 55+ years as a bank customer -- and with the dizzying parade of
banks that've folded, merged or been bought out over the years, that's with more banks than I can even remember.

I guess it goes different ways in different areas and (like everything else in life) is governed by the concept of "what the traffic will bear." Reading through this
thread has brought back old memories of some quotes I remember people using decades ago -- "You never know what you can get away with until you try"
and (my personal favorite) "The Eleventh Commandment is 'Don't Get Caught'."

Oh, well---it doesn't much matter in my area, anyhow. Like I hinted at up above, finding silvers in circulating coin in my area is only a little bit more likely
than winning the Powerball lottery grand prize.

That's why I hunt pennies, roll up the wheats and toss the coppers in plastic pails. Never any big payouts, but at least I'm always a winner (ha,ha).

Edit: 1-@fadetoblack---I hope your friend can find her cache. It'd be tragic if she couldn't.
2-@ksmcents---Your saying "they get asked about silver or coins a dozen or more times a day by older folks" made me laugh. When I started CRHing and
I still used to bother asking, the tellers used to give me these "oh--that poor, nice old man--he must have dementia" looks. That was before I discovered that
the silver train had left the station in my area long before I started CRHing.

My sister, who used to be a teller, and is also very enthusiastic collector. She used to intercept any interesting coins that came her way. However, she never spent her employer's time looking through the tills.
She even had the whole of the rest of the bank staff on the lookout for her!

I would have thought that this type of situation, although not the rule, would be quite common at banks. There must be quite a few coin collectors amongst banking staff across the Country.

She even bought surrendered $200 NCLT 10 gramme gold coins at face value, but that was long before the huge price increases in the gold price. She has a large number of those. When the gold price rose significantly, no more were surrendered.