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 Replies: 10 / Views: 3,422 |
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Valued Member
Australia
491 Posts |
I do need some help from noodling experienced collectors. I can put together a cash float & a carrying ability were I can get about 30kgs of $1 & 50c coins. I am a bit isolated so to travel to the Banks is a long journey which is hard on me and it costs a bit as well. So the larger a coin haul I bring home the better. This is the way I see it for my situation. I can use a trolly and not carry bags. Do you just go to a number of Banks to get your coin numbers? And if so what sort of a coin limit gets put on you by the Tellers? How do the Tellers cope with swap returns? Do you contact your favorite Bank and pre-order a heap of coins? If so what happens when you go back to a Bank with the return coins? By using the one Bank does it restrict the quality of the noodling? Is there another approach to sourcing your coins? Any help is gratefully received. kg5  Edited by kg5
03/28/2013 9:45 pm
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Pillar of the Community
Australia
7096 Posts |
I may be in a unique situation.
Before I go away on a job I will get 3-400 bucks worth of coins ( always $1,50 and 20 cent coins) noodle them and the returns are always welcomed at the remote Mine sites I go to :dance:
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New Member
Australia
10 Posts |
Hi kg5,
If you are after that amount of coins, I would ring ahead and pre-order them, it would be a shame to drive all that way and not get what you are after!
I know someone at my local branch that I bank with (they always ask if you bank with them otherwise they won't give you coins) and I always get a bag of the zip lock bank bags from them as well.
I noodle them and bag them according to the amounts on the bag and then deposit at another branch but the same bank as I bank with.
I always try and return then either side of lunchtime as it shows coutesy to the bank and the customers who are trying to do there banking in their lunch break.
When you do the return give them a note with the total of each denomination and a grand total, that way they have a figure to go by.
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Moderator
 Australia
16826 Posts |
I think the "noodlers" here in Oz and the "roll hunters" in North America will all give you the same advice: do NOT take your searched coins back to re-deposit them at the same branch you withdrew them from. That's a guaranteed way to wear out your welcome, real quick, not to mention your time wasted in re-resorting coins because they'll simply give back to you the same coins you just deposited with them. Remember, it's a bank's primary job to supply you with the money you need - giving you that money in a specifically requested form (such as a box of $1 coins) is a courtesy they are prepared to extend to you as a valued customer, it is not a right you can demand of them. You certainly don't have any right to expect them to exchange your bag of $1 coins for an otherwise identical bag of $1 coins. To them, money is "fungible" - one coin is just as good as any other coin of the same face value. Making them swap coin-for-coin is just a waste of their time, as far as they are concerned.
Some banks and credit unions charge fees for handling bulk quantities of cash. QTMB, for instance, charges a fee if you deposit - yes, deposit! - more than $400 of coin. So ask first if there are any fees involved in either depositing or withdrawing large amounts of coinage. If you don't like the fees, ask around at other banks, and change banks if you have to. Or, if you find two different banks, one with low withdrawal fees and one with low deposit fees, then try using both banks - one for deposits, one for withdrawals - and transfer funds electronically from the deposit bank to the withdrawal bank as you need to.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
4411 Posts |
Quote:
I think the "noodlers" here in Oz and the "roll hunters" in North America will all give you the same advice: do NOT take your searched coins back to re-deposit them at the same branch you withdrew them from. That's a guaranteed way to wear out your welcome, real quick, not to mention your time wasted in re-resorting coins because they'll simply give back to you the same coins you just deposited with them. This is the best bit of advice. Other than that just ask! You wont know what theyre prepared to give you until you ask. Dont think too hard just get in there lol hopefully you have some beginners luck. I'm certainly rooting for. Would love to see a pic of a shiny $1 mule or wavy 66 20c. |
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Valued Member
 Australia
491 Posts |
Really nice to wake up after very much needed big sleep and read so many common sense answers to my questions.
Thank you heaps for all the sharing and answer. It means a great deal to me!
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Valued Member
Australia
318 Posts |
My big 'noodle' item are the old 5c pieces. These take forever to cycle through the counting machines, and they only hold $100 in the bagging machine per time. I am in a fortunate situation where I live in a major regional town (Bathurst) but work 35 minutes out of town. The bank (Commonwealth) I go to here is great, and in the past they've just taken my coins and deposit them into account, and I return in the afternoon and collect my tupperware containers! Though I like a chat too, so if they're not busy with a queue, I stick around for a chat.
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Valued Member
Australia
60 Posts |
i have a similar problem only one small bank in town which was good in the beginning but now they can't keep up,got the same 1 dollar with sparkles on it the other day lol , kg5 what about security companies like armaguard or do they charge for coins. BTW 30 kg of dollar coins how many would you get
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Valued Member
Australia
491 Posts |
Hi CudLee Quote:
BTW 30 kg of dollar coins how many would you get This quote from sel_69l Quote:
20 kg would yield about 2,100 pennies. Have fun! So I guessed 1,000 $1 coins & 1,500 50c coins would add up to close to 30kgs. Just weighed 2 $1 coins at 18gms x 500= 1,000 coin at 9kgs Just weighed 1 50c coin at 14gms x 1,500 coins at 21kgs How frightening it that as a guess. But I need to get into 20c coins as well. 2 x 20c coins = 22gms x 500 = 1,000 coins at 11kgs Looks like I will be trying to get. 1,000 $1 coins at 9kgs 1,000 50c coins at 14kgs 1,000 20c coins at 11kgs Total Approx 34kgs My trolley will handle a 2km walk that is part of my journey one way and the same coming back. Once I am in my mainland car I have 4 of my type of Banks within 10kms. One small Bank and 3 very large Banks. |
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New Member
Australia
10 Posts |
Hi kg5,
I would be very careful walking 2 kilometres with 2 grands worth of coins, you never know who is watching, I would park out the front if possible, get a taxi or walk with some friends. Be careful.
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Valued Member
Australia
491 Posts |
Thank you 2MinuteNoodler.
Yes it is a worry! But there is about 2,000 people a day traveling to and from the parking areas. It is a very normal behaviour for people to walk the 2kms or less if your lucky. You find that you are never walking by yourself. There is a Large Police Station half way and heaps of security cameras. On top of the coins will be fruit & vegetables hanging out the top of the trolley bag.
No one knows what we do on the inside of our home. We do not go out the the watering holes etc. We have no friends here even though we have been here for 25+ years.
We travel to a very special place on the mainland once a week where we have a lot of friends but it is not a good time for searching out noodling coins.
But at the Banks I will be looking at all people. Also I could very easily get rid of the coins at two gaming water holes, a largeish supermarket, bottle shop and a number of small shops. But I can not use these options as gossip spreads fast here. It also stops them as places to get coins for noodling.
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Replies: 10 / Views: 3,422 |
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Posted 03/28/2013 06:52 am
