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Replies: 16 / Views: 3,322 |
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Valued Member
United States
330 Posts |
I went to my bank that I usually go to and picked up some pennies. I wanted $50.00, but they only had $40.00 (Because I have bought the entire bank out). I asked if they had any half dollars, and the teller asked me if I was looking for silver. I told him I was, and he said that if anyone cashes in their half dollars they tell them to look for the silvers, before they cash them. I have never heard of this before, is this weird?
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Pillar of the Community
United States
898 Posts |
I worked in a credit union and we used to do this. If someone came in with loose halves, we would go through them and buy out the silver at face value. I think they mean they go through it as individuals, not that the bank is explicitly asking its employees to search for silver halves/dimes/quarters.
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Pillar of the Community
Canada
726 Posts |
sounds to me like the bank is trying to be nice to a fool...
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Valued Member
United States
352 Posts |
i think you ran into a fellow coin collector..he was keeping you from checking out his personal stash he lieing,,he is not unwrapping the coins and looking at each one..
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Pillar of the Community
United States
814 Posts |
What an idea...a bank looking out for the customer! 
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Pillar of the Community
United States
1234 Posts |
A Teller at my bank said she took a half hour explaining to an old guy that he would get more money taking his Morgan's and Peace's to the coin shop, she could only give him a buck a piece.
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Pillar of the Community
United States
814 Posts |
And then you DO have your people who just don't care, and just want that face-value money in their account, and now!
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Pillar of the Community
United States
4333 Posts |
It's not at all unusual. Some banks will not allow employees to purchase any kind of koin off the line, and policy dictates they educate customers on collectibles, and refuse deposit.
Otoh, only heaven knows why one would volunteer that they were "looking for silver".
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
355 Posts |
I read the OP as the teller telling the customers to look for silver if they're cashing in halves/dollars because the ethically know that a the coin it worth much more than a dollar.
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Pillar of the Community
United States
4333 Posts |
Usually, the only time ethics are involved is when bank policy prevents tellers from sniping silver for themselves.
As a roll hunter for many years, I have learned to never give any education to tellers regarding my silver hunting exploits, especially new tellers. It's the fastest way to see your finds dry up.
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
309 Posts |
i visit a lot of banks with my hobby, when tellers ask me if I am turning in my collection while I am dumping, they are thinking they will search them for silver,never did they say if you have silver take to a coin shop or pawn shop, I had a teller tear open my half rolls right in front of me before he paid me for my dump searching for silver, said he was checking them, yea for silver,, and also like (fistfulofdirt) stated I dont like to release any info, they ask did you find anything I say na, but wife drops for me and she will spill the beans,,lol
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Valued Member
United States
269 Posts |
When I ordered a box of halves from my bank I was totally upfront with them. I told them I was a coin collector (not a silver hoarder) and just wanted to try and build a set of Kennedy halves for my collection. They were more than happy to help, though of course I was just interested in one box and don't plan on doing it every week (I'll probably order a box every couple of months to ferret out additional circulated proofs and NIFC I still need). I actually went to the bank manager first and she took me to the teller. Both were very pleasant and the teller said she could order for me any time I wanted.
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Valued Member
United States
277 Posts |
I totally agree with iontyre, I am upfront and honest when I open an account I tell them I am a coin collector not just looking for silver. They said they would order boxes every week and they even call me when a bag of coins is available from the coin counter.
Very nice and a pleasure to do business with them.
Other branches of the same bank refused and I do not bank there.
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Pillar of the Community
United States
979 Posts |
When my wife worked at a particular bank branch, a manager competed with her for silver. The manager trained new tellers to save her silver. I always thought that was a sketchy move.
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Forum Dad
 United States
24150 Posts |
Quote: I told him I was, and he said that if anyone cashes in their half dollars they tell them to look for the silvers, before they cash them. I have never heard of this before, is this weird? Not only do I not find it weird, I find it refreshing.
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Pillar of the Community
United States
979 Posts |
"Not only do I not find it weird, I find it refreshing."
I agree. Even though we all often get our best finds from ignorance, imagine being on the opposite end! If you had something that was worth 14x what you were selling it for, wouldn't it be nice if someone along the way was honest with you?
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Replies: 16 / Views: 3,322 |