Question Or Experiences With Bank Bags?

They don't reject wheat pennies but they do reject steel pennies I have not bought any coins from machines but I thought someone on here found silver quarters from machine coins.

I'm betting, now that I think about it, that there is still a better chance of finding silver in CWRs. I'm guessing that most bank tellers know the sound of silver so if they are pouring someones loose change into a machine, they can hear and maybe pluck and buy them out of there? The teller I spoke to today said she had collected a bunch of silver over the years and she doesn't hardly see it anymore.

I deal primarily in bank bags. Banks have contracts with the armored car carriers to pick up and bring them money. The banks that I have asked told me that the contract covers a certain weight both coming and going. If they go over the limit either way that have to pay additional fees. When I get boxes, I just get one at a branch. I have several branches around so that is no problem. I also opened an account at most of the local banks. I have talked four local bank branches into letting me take the bags from the coin machines. The only drawback to this is you have to pay face value for what ever amount the bank has paid out in the bag. The bank may pay out $50.00 for a bag of pennies but if you count the amount in the bag it may come out to a different dollar amount. I know that I am stuck for the difference. The banks know that I will not go back to them to tell them that the bag was short. Even if the bag was short and I complained about it and they gave me a refund for difference, Then they would have given out more than 50.00 for the bag and their accounts would be short. The bank might do this once, but then you would not pick up any more bags. The banks that I get the bags from are happy for me to take them. They don't have to do the paper work to ship them back and don't incur additional fees for the bank. I usually pick them up a day or two before the armor car shows up which is every Wednesday. There are magnets in the machine that stops any steel/iron from going through. All other metals will go through. I also only dump a one bank and pick up change from the other banks. The dump bank has four branches and I usually hit them all about once a week. Where I pick up both boxes and bags the banks knows that I will not come in and dujmp them back at their bank. I don't want them to handle them twice, both in and out. Large dollars will go through the machine. If you are going to get different denominations of coins then I would mix them to take them back to the bank. The machines around here have 1 dollar bag, 1 half bag, 2 quarter bags, 2 dime bags, 2 nickel bags and 4 cent bags. Once the last bag of any denomination fills up a bank employee has to come out and switch out bags. By mixing the coins on the dump I am less likely to full up a bag. I usually dump about 7000 coins at a time. I never reroll any change unless the bank request some back that way. Most banks will not take any rolled coins around here.

Still Lookin

@still lookin - So if you had a choice, would you rather CWR search or bank bag search? It sounds like you have quite the system going for you by the way! I'm hoping that I can get a deal like that with this other branch I mentioned. Have you had better luck going this route?

Some counters are set to reject silver, some aren't. I'm all for buying bags, but, whatever you do, please don't return your coin to the same bank you purchased them from.
It's the fastest way to get cut off from future purchases.

What you could do is drop a silver nickel or a silver dime and see if it rejects it if you don't know whether or not it accepts silver coins.

I do bags as much as I can. I have it worked out to where two of my banks will give me whatever they want from their coin machines. These are customer deposited bags from the coin counter in the lobby. I find silver in the m all teh time. I do not complain to teh bank if I get a foreing coin or come up a penny or dime short. there will be errors made by the machine (pennies in the dimes, dimes in the pennies), so I just figure it works out for me in the long run. It took years of asking and I have only gotten permission from two branches to do it. I find all kinds of stuff in there - silver, good foreign, old ocins. Its probably similar to roll hunting with the exception that you can really score it big if someone dumps a bunch of silver or buffaloes or whatever. you get them all - whereas with bank boxes sthat dump would get spread out over several boxes. good luck

Interesting on the quarters baysinger626. I wonder, with the different sizes of dollars do most machines accept the older Ike's or do they not even fit into the sorter anymore and they have to count them out with a teller? I just started a BU presidential set and Native/Sac set so I may start there if you think I may get a shot at scoring some Ike's. If not, maybe I'll go Halves or Dimes.