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Question About Getting Rolls From The Local Bank.

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jeremymh's Avatar
United States
543 Posts
 Posted 02/28/2008  7:49 pm Show Profile   Bookmark this topic Add jeremymh to your friends list Get a Link to this Message Number of Subscribers
Basically I was wondering about exchanging Cash for coins at the local bank.
Are there any fees associated with recieving large amounts of coins [ex.$50 worth of pennies.]
And are all or most just brand new coins, or are there oder ones mixed in.

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GFR3's Avatar
United States
473 Posts
 Posted 02/28/2008  8:07 pm  Show Profile   Bookmark this reply Add GFR3 to your friends list Get a Link to this Reply
As long as your a member of the bank there won't be any fees. If they do ask for a fee (big or small) simply tell them "no thanks" and go to another bank.

$50 will get you two boxes of pennies. The coins will likely be a nice mix of circulated Lincolns dating sometimes as far back as the teens. Indian head pennies are not unheard of, though don't set your hopes to high. It seems like most people usually find around a dozon wheats and a nice amount of 1960-somethings every box, as well as a few Canadians.

Once your finished searching the pennies simply bring them back and get some more. Try to use to seperate banks--one to get the coins and one to dump them at. Don't use the same bank to get and dump...its makes the tellers mad (understandably) and you'll end up searching the same coins over and over! If there is a Commerce Bank in your area, be sure to take advantage of their free CoinStar machine, its free even for non-customers.

Have fun with your hunt and let us know of your finds!
--Gary
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GO's Avatar
United States
6563 Posts
 Posted 02/28/2008  8:11 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
1. Have an account with the bank. Not really needed but it certainly smooths things out
2. Get coins from one bank and deposit into a 2nd...ergo 2 accounts
3. Check in advance for their in stock boxes. Most will be happy to order boxes which takes a few days
4. Only heard of one instance of fees such as $.10 a roll
5. You could get a box of all 2008's and sometimes you can get all old. That's the fun part

Best of luck!
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 02/28/2008  11:05 pm  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Good advice here....and I might add if you are a regular at a certain branch and the tellers know you, they will go out of their way to order boxes for you (as long as you dont dump back into the same branch). One even told me that there was another guy also doing half dollars two boxes every week so I steered away from doing that for now. For my dump bank, I opened a savings account at a credit union that has a self service coin counter. It works great but they must think I am nuts for having brought in so many pennies over the last few days (they keep having to change the bags out).
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GO's Avatar
United States
6563 Posts
 Posted 02/28/2008  11:13 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Whenever I want some halves I call up the head teller and ask him to order me 2 boxes. He is always more then happy to oblige
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