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 Replies: 8 / Views: 1,492 |
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Valued Member
United States
277 Posts |
I went to a bank recently that has a coin counter opened an account to buy boxes of coins, the teller told me that I could also purchase the bags if I wanted.
Which do you prefer bags or boxes?
I bought a full bag of half dollars a month ago and the bank charged an $8 fee ($1008 for the bag) is this normal?
I understand some banks charge for boxes but for bags?
Please let me know, thanks for the help.
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Pillar of the Community
872 Posts |
Hey I wouldn't complain. Once you start complaining, the more likely the bank will push back, and eventually stop offering the service to you. An eight dollar charge per 1000.00 worth of Kennedy halves boils down to something like, less than one-half cent per Kennedy half in fees. They probably have to pay Brinks or the Armored car service a fee, so in order to compensate for that, they probably would pass it on to customers. Boxes of Kennedy halves? The only benefit I see is that if they are boxed, they are probably rolled, and MAY have less chatter / bag marks on the coins. Think about this. If you had to go through a dealer or investment firm to get those Halves, do you think you'd get them at face value? How much would you pay in shipping costs to get these to you? Just my "four bits" worth of reasoning..... Edited by Collector-Corner
04/14/2014 12:45 pm
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Valued Member
 United States
277 Posts |
Thanks for the reply.
I see your points.. Thanks again
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Pillar of the Community
United States
1217 Posts |
Bags are great. I get them for free, but considering I found 500$ worth of silver 2 bags ago, 8$ seems like nothing
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Pillar of the Community
1325 Posts |
I would take a bag if: a) I could afford it, b) I had any place to get a bag of halves. less work to unroll them to look at them.
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Pillar of the Community
United States
4333 Posts |
I stopped buying the bags off the CU's machine, as I was only buying other hunters's dumps. Results may vary in your area.
OTOH, those bags were always $10-$15 over, in quarters, dimes, nickels and cents.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
277 Posts |
Guys Thanks for the replies. The only bag that I bought so far yielded 2 40% not really worth it, but that was only one bag. The boxes are no added charge. By the way after talking to another teller I was told the manager recently was emptying the machine and noticed nothing but Mercury dimes on top of 2 dime bags. The manager told the teller she bought the bags and found more than $320 in silver dimes. I wonder how many of the tellers and managers are looking at the bags? |
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Pillar of the Community
United States
1217 Posts |
I had a manager call me to say that the penny bag had a bunch of wheats in it. Bag yielded a few hundred.
That same branch does not check bags. I often watch them pull them right off the machine.
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Valued Member
United States
277 Posts |
CoinCbass
Thanks, I would be glad to hit a few hundred wheaties.
I am currently working with 2 buy banks and 1 dump bank.
After buying gift cards for the tellers that I deal with the relationship has turned more favorable.
I went in back into the branch where I purchased the bag and they said the teller made a mistake charging me for the bag.
They explained the person works at another branch which does charge. I guess it is up to the branch manager's decision.
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Replies: 8 / Views: 1,492 |
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Posted 04/14/2014 1:33 pm
