Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

JFK Halves From Banks

To participate in the forum you must log in or register.
Author Previous TopicReplies: 21 / Views: 2,181Next Topic
Page: of 2
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 06/18/2008  8:37 pm Show Profile   Bookmark this topic Add mfhorn to your friends list Get a Link to this Message Number of Subscribers
Hey All,
This is only my second post; still new here.
I may be having a bit of a problem getting halves from my bank. It seems they might want to charge me a service fee for ordering and dropping off boxes, even though I have ALL my funds at this particular bank. I haven't ordered as much as I have dropped off, but the dropping off seems to be the problem; and ONLY halves.
Anyway, would anyone care to tell me which bank does, or does not charge service fees. I don't want to tell the name of the bank I use until I see if I can straighten this situation out. I will switch banks if they insist on a charge, as I don't feel this is right. After all, where can we go to get our coins besides our banks? I have tried the armored car services and the local Federal Deposit, but both were dead ends.
Any help would be greatly appreciated.
MFHORN
Valued Member
photoeric21's Avatar
United States
206 Posts
 Posted 06/18/2008  9:14 pm  Show Profile   Bookmark this reply Add photoeric21 to your friends list Get a Link to this Reply
Hey there


As a general rule you definitely want to dump your coins at a different bank than where you order them.

First, if they charge you to get the boxes, ask them to waive the fees. If they don't, tell them you'll take you money elsewhere.

They may be charging to order if you keep coming back and dumping on them too. Try ordering the halves at a different branch and dumping off at an entirely different bank.

That's what most people do on this board.

Keep up the good hunt!
Valued Member
United States
372 Posts
 Posted 06/18/2008  10:11 pm  Show Profile   Bookmark this reply Add mmerc20 to your friends list Get a Link to this Reply
I was calling around the banks today in town wanting to see if anyone actually had any halves on site. I didn't think it would be so difficult, but it seems that no one does. Is there a minimum usually when you order from the bank?

Mike
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 06/18/2008  10:26 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
Hi Photoeric,
Banks in this area want you to have an account to order and most want an account to drop off. I figured with everything I have in one bank, it wouldn't be a problem. I've had a few say, 'just open an account' and they would order. Guess thats what I'll have to do.
Mfhorn
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 06/18/2008  10:29 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
mmerc20,
I don't know if there is a min., but most order a box of $500.
mfhorn
Pillar of the Community
Kabiye_Lady's Avatar
United States
581 Posts
 Posted 06/19/2008  03:37 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
Every other month or so I get 2 rolls from my bank. They always have them. I know you're talking about a much bigger quantity here. There are a ton of threads on this subject. Basically, the bank makes zilch on this kind of activity and it ends up costing them a fair amount.

I think the misconception is that somehow the bank is *obligated* to give us these boxes of halves at no extra charge. That's not true. They do so as a *service* but there is no law that says they have to.

I don't think it's a particular bank, but rather the relations you have within that bank. In big cities, that's a tough one.
Pillar of the Community
eaglefoot's Avatar
United States
6326 Posts
 Posted 06/19/2008  11:32 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
mfhorn......

Check out the threads on this forum about Kennedy halves.......lots of good ideas and tips and help offered there.
I would say you need to belong to a bank that has at least two different branches.....order them from one and dump at the other.......
My branch has three in town and I've not been "charged" for dumping or ordering.
I'm surprised that since you have an account with your bank, that they are charging you this fee.....I'd look for another bank with several branches......
but as others have said.....it "costs" banks to order these from the Reserve and have them delivered as well as to "process" the ones you dump and then they have to send those back out. So, the idea of the "fee" is not unreasonable, but it isn't the norm from what I've heard.
Pillar of the Community
bibd's Avatar
Canada
838 Posts
 Posted 06/19/2008  2:20 pm  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
You may already know about this, but there's a great way to get Kennedy half dollars easily and with no fee: VEGAS!

That's how I got the ones I have.

It's unlikely that you live close enough to Vegas, but casinos in general are worth a try.

Pillar of the Community
murty's Avatar
United States
1353 Posts
 Posted 06/19/2008  3:01 pm  Show Profile   Bookmark this reply Add murty to your friends list Get a Link to this Reply
I live in NJ and got my 1st box of half dollars.($500)
They ordered for me on Friday and I received them on Tuesday.
No charge,ans a phone call to tell me they are in.
Pillar of the Community
eaglefoot's Avatar
United States
6326 Posts
 Posted 06/19/2008  8:04 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Quote:
VEGAS!


We have 4 indian casinos north of me.....they are switching over to "tickets" instead of coins in the machines.
But with the sensitive tech. stuff on these machines, I figured no silver coins would pass through there nowadays.......
Valued Member
United States
372 Posts
 Posted 06/19/2008  8:35 pm  Show Profile   Bookmark this reply Add mmerc20 to your friends list Get a Link to this Reply
I finally found a bank that had them and was only able to get $40 worth. Nothing special in there at all however. What is the average ratio you are finding 90% or 40% silver kennedys at?

Mike
Valued Member
chevrolet454ss's Avatar
United States
314 Posts
 Posted 06/19/2008  10:51 pm  Show Profile   Bookmark this reply Add chevrolet454ss to your friends list Get a Link to this Reply
There an trick you can use on dumping halfs and it dont involve banks. I do it all the time .

1. You drive an car and use gas. Use them all to buy gas . My record is 80 dollars worth at one gas station. Dont use you gas card or paper money to pay them. At 4 bucks per gallen in texas thats 8 halfs gone per gallen of gas.
2. Use them at fast food places or places you eat. Its easy to dump 5 to 20 dollars worth no problem to eat.
3. Safeway or food market stores. I buy food with them all the time no problem.
4. I even use at the feedstore where I buy my pigs 50 pound bags of food. They love geting my unwanted halfs. Since the clerk loves to give them at as change. She told me the peaple who get them as change thinks its an treat since very few companys give them at change. They love them and they laugh when they get them as change.

Just use them like you would use your credit card or papermoney all the time where you need dump them back into banks.

In searching halfs the trick is you dont want banks send back to fed banks where you will get back in another box you buy from the feds. It has happen me to me once or twice. I got my old halfs back in new wrappers and in new brand new boxs before. The more you push off on companys or peaple the more they will hoard them an remove them from circultion. I have seen clerks go nuts on wore out 71 thru 2001 junk clad halfs. They think they are gold and will buy them and hoard them thinking its gold or something. I seen lots clerks do that thinking they worth something.

The more you keep them out the banks hands and out the feds it beter when you search for coins. I still sometimes dump my halfs into bank machices mixed inside with dimes, pennys, nickels, quarters where bank dont freek out over on just half dollars. I just dump my one week on coin boxs I searched . I go buy another batch of coins from an secord bank .

Have fun chevrolet454ss
Valued Member
United States
372 Posts
 Posted 06/19/2008  11:12 pm  Show Profile   Bookmark this reply Add mmerc20 to your friends list Get a Link to this Reply
It's amazing the reaction you can get from a waiter or waitress when you use halves or Eisenhower dollars as a tip. Even if you aren't so happy with the service and leave a less than suitable tip, if they see a big fat Eisenhower their eyes light up. I've waited a couple minutes by the door before leaving just to see the reaction and the waitress took them to show a fellow co-worker. It was kinda neat actually.

Mike
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 06/21/2008  12:28 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
bibd,
We have Casio's a few miles from me. I tried, but most machine are paper (ticket)and they don't carry much coin. Vegas might be a different story, as BIG as it is. I love that place, but its 2100 miles away.
mfhorn
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 06/21/2008  12:46 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
ALL,
I have found another bank that SAYS they will not charge for ordering halves, regardless of how many. They may be saying that just to get my business. I realize it probably costs something to have these boxes deliveried to banks, but how much can it be? After all they have to get deliveries of other coin and currency. It sounds to me there is far tooooo much paperwork involved. Thats not our fault. In the meantime, I'm waiting to see what fees they want to charge before changing banks. Maybe we should all lobby the Federal Reserve for a place to get coins so we don't have to bother the POOR BANKS!
mfhorn
Pillar of the Community
copper nickel daddy's Avatar
United States
2224 Posts
 Posted 06/21/2008  4:20 pm  Show Profile   Bookmark this reply Add copper nickel daddy to your friends list Get a Link to this Reply
Hi mfhorn!

I responded to your post in my nickel survey thread regarding looking for halves on I-75. Judging by your posts you must be in the Northern KY area. Are the half dollar boxes that you are getting square in shape and simply say "HALVES $500" (or "$500 HALVES" on them? If so you are probably getting them from Brinks, and likely from their Cincinnati facility. If you are located off I-71 down closer to Carrolton you might be getting them from Louisville. All of mine of late have been from Brinks Cincinnati (through 5/3rd) and they have been awful as far as silver is concerned. Last 15 boxes not one silver coin! Did find two doubled dies (73d and 74d) and one well circulated proof (1982s). I'm doing much better hitting smalltown banks for small numbers of rolls and loose coins. I dump mine at Chase; you have an account there and they have no problem. Spread out your dumps to different Chases to keep them from getting too angry!
  Previous TopicReplies: 21 / Views: 2,181Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.44 seconds to rattle this change. Forums