Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin Auctions300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Newbie Here Sharing My Experience And Looking For Advice.

To participate in the forum you must log in or register.
Author Previous TopicReplies: 40 / Views: 5,167Next Topic
Page: of 3
Valued Member

United States
51 Posts
 Posted 02/14/2014  10:02 am Show Profile   Bookmark this topic Add Robblob to your friends list Get a Link to this Message Number of Subscribers
Hello everyone. I'm new to the forum and new to the coin collecting hobby as well, so I apologize if I don't use the correct terms or language. I have always been interested in coins and precious metals but I've never really taken the time to really get involved. Last week, I decided to take $5 to the bank and ask for some pennies. When I asked the bank teller for $5 in pennies she just kinda looked at me sideways and said, "you need $5 in pennies?". I said that's correct and another teller chimed in and said, "Man, that's an awful lot of pennies". I got my pennies and headed out the door. That night, I ended up finding 3 wheat pennies with the help of my son and daughter (I had to double check their work of course). I also set all of the pre-1982 pennies to the side for the copper content.

Fast forward to this week and now I have been back to a few different banks and learned a few important lessons. 1. Only take the searched over coins to a bank that you do business with or you will be charged to use their coin counter. 2. Don't roll the coins yourself cause you're just gonna have to have to open them up and have them counted in a machine. 3. Specify that you want rolls of circulated coins (I learned this the hard way when I got home and realized I had $5 worth of new pennies. Talk about heartbreak.) 4. I learned that not all tellers know what the term "circulated" means. 5. You get some strange looks when asking for large quantities of pennies.

All that being said, I'm loving it so far and I find it therapeutic looking through coins and finding some that are older than your grandparents. Very exciting stuff. I do have a few questions for you all here though to try and help me out a little. 1. Is there a better way to ask for rolls of coins at the bank that won't get you weird looks? 2. What is an acceptable amount of rolled pennies to ask for at a time? $5, $10, $20? I want to be courteous to the tellers and not inconvenience them with my requests. 3. Are there places other than banks that typically have rolled coins that you can purchase?

I appreciate all of the feedback and I look forward to hearing from everyone.
Valued Member
Lyle Kruse's Avatar
United States
256 Posts
 Posted 02/14/2014  10:22 am  Show Profile   Bookmark this reply Add Lyle Kruse to your friends list Get a Link to this Reply
To CCF!

First, I would go to several different banks, and find one that you think is the best. If they give you weird looks, come back again, they will get used to you.

I would get a $25 box so they don't have to hand you individual rolls.


Quote:
Only take the searched over coins to a bank that you do business with or you will be charged to use their coin counter


Yes always take them to the bank you belong to.

There is not really another place you can get rolled coins at, you can ask at a gas station or any store, but usually don't let you have any.

Hope this helps!
Valued Member
United States
51 Posts
 Posted 02/14/2014  10:27 am  Show Profile   Bookmark this reply Add Robblob to your friends list Get a Link to this Reply
Thanks for the advice!

So you're saying it's not strange to ask for a box of $25 of pennies? Do I need to specify that I want a box of circulated coins or will it just be circulated coins? Does it warrant a call ahead to the bank to make sure they have a box or do they all typically have one?

I've already hit up several banks. Where I live, you can throw a rock in any direction and hit 10 different banks. They're everywhere!
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 02/14/2014  10:45 am  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
I agree that using your bank (hopefully of a long relationship,
should get a positive service. Banks make money on you (as they should) ...
Time for a little help.
Valued Member
Lyle Kruse's Avatar
United States
256 Posts
 Posted 02/14/2014  10:54 am  Show Profile   Bookmark this reply Add Lyle Kruse to your friends list Get a Link to this Reply
It is strange to some people, not me I would call ahead and make sure they have one, if they don't you can order one and pick it up at that bank. I don't think you will get a box of brand new pennies. Also tell the teller what you are getting the pennies for, so they don't give you strange looks.
Valued Member
Canada
54 Posts
 Posted 02/14/2014  11:05 am  Show Profile   Bookmark this reply Add soulchief to your friends list Get a Link to this Reply
I went to the bank last weekend for the first time to order a box of pennies and box of nickels. The teller kind of looked confused but I guess the bank manager was doing something behind the teller and went "Sure, I'll have to make sure we got a box of nickels though" and then came out of the vault with them. The manager then said that they only had the one box of pennies but to call if I want more because they get rolls in from members every now and then.

For the re-rolled ones, I'll end up returning them to my girlfriends bank (mines a rural bank and her's is a city bank... In my opinion rural banks would have better odds on finding stuff).


I didn't ask about circulated/uncirculated boxes. For pennies, they are no longer in circulations up here in Canada and for nickels I didn't bother. It's a small town bank, so they just order boxes from other banks (my nickel box came from a small city on the other side of the province).
Edited by soulchief
02/14/2014 11:07 am
Valued Member
United States
51 Posts
 Posted 02/14/2014  11:10 am  Show Profile   Bookmark this reply Add Robblob to your friends list Get a Link to this Reply
So you're saying to make sure and tell them the reason I'm wanting a box of coins? Just tell them I'm a collector? I know this is strange, but I almost feel as if I'm doing something wrong by taking their coins to sift out the ones of value. I know that it's not, but it's just a feeling I have.

I've only been given fed rolls at the banks I've gone to. I've yet to see any customer rolled coins. The bank I went to return my scrap made me unroll all of of my coins.

On that same note, while I was dumping my coins in the counter, the penny bag filled up halfway through and the lady had to come put a new bag in it. There were bags of every coin type under there. Is there a way to purchase those bags that you're aware of? It seems like they would know the face value of the coins inside since it's a coin counter, but I was just curious because it would save the hassle of trying to unwrap the rolls.
Valued Member
Canada
54 Posts
 Posted 02/14/2014  11:32 am  Show Profile   Bookmark this reply Add soulchief to your friends list Get a Link to this Reply
I didn't say anything on why I wanted them. If they asked I would have just said it's a hobby. I've actually never been in a bank with a coin counter, so they always require them to be rolled.
Moderator
Learn More...
jbuck's Avatar
United States
189340 Posts
Pillar of the Community
Bm0ney's Avatar
Canada
1005 Posts
 Posted 02/14/2014  11:38 am  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Letting them know you are doing this with your children is a good idea.
Full boxes are easier to deal with.
The banks here take them back rolled so returning them is super easy, if they are rolled.
Valued Member
United States
51 Posts
 Posted 02/14/2014  11:48 am  Show Profile   Bookmark this reply Add Robblob to your friends list Get a Link to this Reply
I haven't tried returning coins to my bank yet so it could have been a fluke that the one I went into had a counter and made me break my rolls. I guess I better check so I'm not caught with my pants down again.
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 02/14/2014  1:06 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
I think it's a good idea to befriend a teller. Telling people that you're doing it with your kids just for the fun of it -- looking for birth years of the grandparents or something -- is a good idea. People seem to want to help you with that.

If your friendly bank teller is helpful -- like setting something aside for you -- be sure to write a thank you note or bring a little gift - like a gift card or chocolates.

Pillar of the Community
1325 Posts
 Posted 02/15/2014  7:43 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
I spoke with the vault tellers, well the tellers allowed to go into the vault at both banks I get coins from because that is where boxes are kept. The first time they asked why I needed so many, and I told them I was looking for 2009 pennies because it was Lincoln's 200th anniversary coin. As time went on they are now ordering an extra box of pennies and quarters jsut to have on hand as I walk in randomly to get one in case I didn't call ahead to have them order one for me.

I do not return coin to any bank, I spend them. $100 in dimes today for groceries to just about every store that had something on sale I wanted or I had a coupon from that store for. They only get confused with half-dollars for some reason and do not know how to count them. For nickels and pennies, I spend those buying lottery tickets. Was doing it anyway, and they cannot refuse ANY type of cash for them, so they have to take $10 worth of pennies if that is how I choose to pay for a ticket. Otherwise I feed the pennies to a Walmart Coinstar and eat the lose of 9.8% if buying something from there, or get a hardware store gift certificate thing and get some extra stuff for the house for no fee.

My banks don't have counters, so they do take rolled coins, but I try not to bring them back to them, it seems to make them happier that way.

Just remember if you want to spend your leftovers, as I call them; don't take too many to a store because the register can't handle too many excess rolls. I try to spend only about 4 rolls at any one place, and try to mix it up so it is not weighing down the cash drawer.

I do not see that anyone else has mentioned it, but if you haven't found already the other coins sizes:

Pennies box $25 rolled
Pennies bag $50 loose
Nickels box $100 rolled
Nickels bag $200 loose
Dimes box $250 rolled
Dimes bag $500 loose
Quarters box $500 rolled
Quarters bag $1000 loose
Halves box $500 rolled
Halves bag ? (haven't tried this yet)
Dollars (small) box $1000 rolled
Dollar (small) bag ? (haven't tried this either)

50 rolls per box, except dollars which is 40 rolls, bags are 2 boxes worth, but they are not rolled.

Another way to get rid of rolls if you find you want to be ahead for holidays, take a roll and tape it up on both ends. Tape a piece of wrapping paper to the roll and roll it around it and tape it up. Then cut of some from the ends and bunch it up or fold it around to make it look like a Tootsie Roll in whatever style the wrapping paper is, and you have party favors worth 50-cent, $2, $5 whatever type of roll it is, that you can give to your kids during the holiday, or family, or people at work, or whatever.

Even the ones you don't want to keep can be fun to be creative with as gifts to people.

If you don't have a scale, you might want to check online for some contraption to make to weigh your 1982 pennies because some are copper, and others are cooper-coated zinc. No idea why they would change in the middle of a year, but they do that sort of thing all the time.

1982 copper 3.11 grams
1982 coated zinc 2.5

Also Canada has ceased using pennies, so keep all you find. 1942-1996 Canadian pennies are 98% copper, and the copper US pennies are only 95% copper. The law in 2006 prevents the melting of US pennies and nickels, but does not prevent you from selling Canadian pennies to melt for their copper value, if you do not wish to keep them to collect that is. I keep my Canadians and all other visiting coins personally.

*I do not advocate for the melting of any coins, as someone else might just need what I do not and see no reason in not giving them a chance to enjoy collecting in years to come, but it is legal to do.
Edited by shadz
02/15/2014 7:46 pm
Pillar of the Community
machine20's Avatar
United States
1279 Posts
 Posted 02/15/2014  10:55 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Got my roommate to sign a contract at the beginning of the semester that $200 of what he owes me will be in pennies. Apparently, his bank will come through for him in 2 weeks.
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 02/15/2014  11:21 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply

Quote:
I want to be courteous to the tellers and not inconvenience them with my requests


You are right ... be very nice to the tellers.

I do (collect) bigger coins because of my eyes and old butter fingers. Even with Ike dollars, it is difficult.

Because I am on a limited budget Whole dollar coins get a little costly at bag level

Good luck to you.
Pillar of the Community
duncanbishop24's Avatar
United States
898 Posts
 Posted 02/16/2014  01:47 am  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply

Quote:
Pennies box $25 rolled
Pennies bag $50 loose
Nickels box $100 rolled
Nickels bag $200 loose
Dimes box $250 rolled
Dimes bag $500 loose
Quarters box $500 rolled
Quarters bag $1000 loose
Halves box $500 rolled
Halves bag ? (haven't tried this yet)
Dollars (small) box $1000 rolled
Dollar (small) bag ? (haven't tried this either)


From experience at a Credit Union working there I would say that this is all correct. Our machine doesn't count halves or dollars but a bag of halves is 1000 halves loose, so $500. I believe a box & bag of dollars are both $1000 a pop. Very very uncommon though. I got to go through out loose bags of $1 and .50s on lunch breaks. I was always in our vault and it was extremely easy to access coins and consumer wrapped rolls! Definitely make friends with a teller!

If you have any questions about vaults/tellers/behind the scenes type stuff I'm subscribed to this thread and can try to answer if someone asks something.
  Previous TopicReplies: 40 / Views: 5,167Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.42 seconds to rattle this change. Forums