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Is This Odd That My Bank Does This?

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Danhelmick98's Avatar
United States
330 Posts
 Posted 05/14/2014  5:07 pm Show Profile   Bookmark this topic Add Danhelmick98 to your friends list Get a Link to this Message Number of Subscribers
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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duncanbishop24's Avatar
United States
898 Posts
 Posted 05/14/2014  5:23 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
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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persistnt's Avatar
Canada
726 Posts
 Posted 05/14/2014  6:11 pm  Show Profile   Bookmark this reply Add persistnt to your friends list Get a Link to this Reply
sounds to me like the bank is trying to be nice to a fool...
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frodo's Avatar
United States
352 Posts
 Posted 05/14/2014  6:19 pm  Show Profile   Bookmark this reply Add frodo to your friends list Get a Link to this Reply
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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hcmusicguy's Avatar
United States
814 Posts
 Posted 05/14/2014  7:01 pm  Show Profile   Bookmark this reply Add hcmusicguy to your friends list Get a Link to this Reply
What an idea...a bank looking out for the customer!
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 05/14/2014  7:45 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
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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hcmusicguy's Avatar
United States
814 Posts
 Posted 05/14/2014  8:59 pm  Show Profile   Bookmark this reply Add hcmusicguy to your friends list Get a Link to this Reply
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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fistfulladirt's Avatar
United States
4333 Posts
 Posted 05/15/2014  06:20 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
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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trent's Avatar
United States
355 Posts
 Posted 05/15/2014  07:58 am  Show Profile   Bookmark this reply Add trent to your friends list Get a Link to this Reply
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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fistfulladirt's Avatar
United States
4333 Posts
 Posted 05/15/2014  1:02 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
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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coinsrus1000's Avatar
United States
309 Posts
 Posted 05/15/2014  3:40 pm  Show Profile   Bookmark this reply Add coinsrus1000 to your friends list Get a Link to this Reply
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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iontyre's Avatar
United States
269 Posts
 Posted 05/15/2014  3:51 pm  Show Profile   Bookmark this reply Add iontyre to your friends list Get a Link to this Reply
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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United States
277 Posts
 Posted 05/16/2014  3:48 pm  Show Profile   Bookmark this reply Add Allfome to your friends list Get a Link to this Reply
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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Broseph's Avatar
United States
979 Posts
 Posted 05/23/2014  11:34 pm  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
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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bobby131313's Avatar
United States
24150 Posts
 Posted 05/24/2014  11:50 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

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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Broseph's Avatar
United States
979 Posts
 Posted 05/24/2014  12:17 pm  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
"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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