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Replies: 28,011 / Views: 2,316,697 |
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Pillar of the Community
United States
622 Posts |
bish, Love the Franklin Proof. I found a scuffed up proof once but yours is a looker.
OO
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Pillar of the Community
United States
4113 Posts |
Owassokie:
I have no problem with sharing general info like what type of boxes, what type of wrappers, what did I find each week, how many boxes do I do etc, but I will not share where I purchase boxes and especially where and how I dump, as this would definitely have an impact on my weekly operations if other searchers started using the same procedures etc .
This is my personal belief. Maybe others feel different and that's fine. To each his own.
Good luck hunting!
Edited by chuckster 125 01/07/2013 2:32 pm
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Pillar of the Community
United States
1770 Posts |
owass you are correct about those other "people" who dont care about the hobby and only pulling silver for profit I'm glad most of those "people" do not post here although a few squeeze by occasionally. and fade if I did the volume you did I would hope I would not get your dumps, but youre welcome to get yours back
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Moderator
 United States
192314 Posts |
Quote: In the teller's drawer were 7 halves. One of which was a Frankie! The next week a different teller gave me a hand full of proofs!
Nice finds! 
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Pillar of the Community
United States
622 Posts |
Chuckster, Sounds like you have a good thing going with your dumps. Congrats. I wouldn't expect anyone that has a unique opportunity that could genuinely be compromised to share it with others. My comments weren't directed at any one person. I've tried to start a thread to get people to share info because I feel the benefits would out way the potential downside. Based on the lack of replies, I'd say I'm in the minority. OO
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Valued Member
United States
53 Posts |
OO
I'm with you. My dump bank is a small community bank with a nice counter. They love to see me. Great relationship. Have our heloc there too, so they know its not just dumping for me. I walk in with 4-7k at a time, we chat etc. they love to see loomis struggle with the bags:).
I need diversity in pickups too, but I'm lazy and my big bank will get as many as I want in an order. Max has been 6k at once? Just not enough time to do more. But I could if I had the labor.
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Pillar of the Community
1751 Posts |
I'll share my ways of convincing banks to order and stuff, but it's easy enough to find pickup banks once you get the hang of things... now, dump banks, those are a real challenge to find a great one. I've got a fantastic dump bank right now, and I won't compromise that... it would be crushing if I lost them.
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Valued Member
United States
120 Posts |
I've just opened an additional account at a nearby bank. The assistant manager who opened the account listened as I explained I was creating the account primarily to purchase rolls. One of the things I tell bankers when asking for boxes is "I promise I'll dump at another bank HA HA", it relaxes the proposition somewhat. Most will say, "oh it's OK", but I know it's a hassle when I come in with a ba-zillion rolls. If I'm getting rolls or loose coins from a bank with no account, I consider it a HUGE favor for them to deal with me and I'm mindful even if I do have an account. It's their job, I know, but people are people.
This young gentleman told me, "since you'll be dealing with large amounts of coins, take a bank bag, fill it, bring it in, we ship it to the counters, and make a deposit in you're account."
The catch is I must use the debit card at least 10 times a month. They charge 25 cents per transaction. So for around $2.50 monthly, they'll order boxes, save "odd coins" for me, (it's the same bank where I got 6 proof Kennedys from a tellers drawer), and I can send out the loose coins to be sorted and deposited - including coins I pull from other banks.
While I realize there is a possibility I could get shorted and I intend to be vigilant, I think this may be a pretty sweet deal.
I'll update as things progress.
Norton, we'll make millions I tell ya! Millions!
Edited by Jlafever 01/07/2013 11:38 pm
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Valued Member
United States
370 Posts |
@ FadeToBlack so how do you convince your banks to order stuff? Dump is easy enough for me using a free coinstar, just takes too long. I may go with a bank that will except and send out bagged coins at some point.
Saw someone else posting that they were back in school at I believe 36 and how crazy that is, try 47 and back in school for nursing, I don't know how much time I will have for this hobby once classes start back up next week :/
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Pillar of the Community
1751 Posts |
The trick is getting them to take your bags and give you cash instantly, not have your money floating around in a bag somewhere in a vault, on a truck, in a warehouse...
Takes a really good relationship with a bank to get that privilege.
I just walk in when I am curious if they'll order, and straight up ask... "If I open an account, can you guys order me 2 boxes of halves every week? Without fees?"
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Valued Member
United States
120 Posts |
@yvairguy - I've just asked if they can get me boxes and all but a couple had no problem with ordering boxes. One lady told me I had to have an account but she did round up all the halves and dollar coins in the bank for me (close to $500).
I went back to school at 40 and got an RN. One of the BEST things I've ever done for myself - good luck, study your rear end off, and you'll get there.
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Pillar of the Community
1751 Posts |
I was thinking about going back for an RN at 26... But god, I don't want to deal with more student loans, I pay $400/mo right now and it's killing me. I don't exactly make horrible money either.
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Valued Member
United States
381 Posts |
 with Jlafever. I have been honest and up front with every bank where I pick up coin. I have found this to be the best way to deal with them. I am doing a favor for some of my banks by taking customer wrapped coins off their hands. It saves them the trouble of unwrapping the coins and putting them in bags to send out. As for ordering bank boxes, most of the banks do not have a problem with it. I have accounts at 4 different banks with minimum balances and they are more than happy to order a couple of boxes a week for me. I do not have time for more than 5 to 6 boxes a week so this is plenty. I also tell them I will not dump the coins at their banks. This does make them happy. I have a totally separate bank for my dumps. They will take as much coin as I want to bring in and I get cash back. Good luck in school seelinger and yvairguy. I went back at the age of 40 and received my Accounting degree. It was one of the most rewarding things I have done. Well worth the time and effort.
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Valued Member
United States
51 Posts |
OO ... I'm with you. I'm not trying to buy a house with this hobby ... more power to you if you can fade2black. I'm just trying to hunt for some cool coins. My 2 boxes a week is adrop in the bucket of what people are doing. Yeah, it's nice to hit a pile of silver every once in awhile. I cash them in and buy some coins I really want ... feeding the hobby. I guess I was looking for the same thing as you. How can we enjoy the hobby side of this with so many people purely doing it for profit. But I agree, someone will screw it up in the end looking for an edge.
Maybe a separate thread more geared towards the smaller hobby guy? Hate to suggest moving from this thread, cause it's been awesome to read over the last year. Also agree, not sure how many people would share because it would affect finds in the end. Anyways .... just my thoughts.
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Pillar of the Community
United States
622 Posts |
Fade, I've been trying to find a branch that would allow me drop off bags of a known amount and collect immediately. I've reasoned with them. Told them they could weigh to confirm the amount. I even offered to buy the scales for a couple banks. So far I haven't gotten any of them to bite. Dumping is the ONLY thing that prevents me from expanding. So I get how valuable that opportunity is for you.
Murphy, Do you bring the coin in bagged and ready to be sold to the courier or does your bank count the coin?
OO
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Replies: 28,011 / Views: 2,316,697 |