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Question About Coin Rolling (Which Bank?)

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Author Previous TopicReplies: 13 / Views: 10,523Next Topic  
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ryurazu's Avatar
Australia
1333 Posts
 Posted 02/26/2019  10:33 pm Show Profile   Bookmark this topic Add ryurazu to your friends list Get a Link to this Message Number of Subscribers
So I want to try out coin rolling so that I can fill some of the holes in my collection, and sell and extras. Any suggestions on which banks branches might be able to do a large exchange of coins in NSW. I'll looking to do 50ish plus roll I think.
Valued Member
TJLang's Avatar
424 Posts
 Posted 02/26/2019  11:11 pm  Show Profile   Bookmark this reply Add TJLang to your friends list Get a Link to this Reply
Do you mean CRS Coin roll searching? CRH Coin roll Hunting?
In the USA I found a credit union with a (Free to clients)coin counting machine.
This way I can dump as much searched coins as I want.
The only coin I have trouble exchanging is the Ikes.
Pillar of the Community
Australia
1364 Posts
 Posted 02/27/2019  04:51 am  Show Profile   Bookmark this reply Add coaster to your friends list Get a Link to this Reply

Quote:
So I want to try out coin rolling so that I can fill some of the holes in my collection, and sell and extras. Any suggestions on which banks branches might be able to do a large exchange of coins in NSW. I'll looking to do 50ish plus roll I think.

In regard to coin rolling, I guess you're referring to what I know as noodling?

If this is the case then I would just use bank that you now bank with and use their coin dispensing machine to get the number of rolls, and the denominations, that you want.

Then when you've finished noodling take them back to your bank and tip them into the coin deposit machine. The next day the funds will be available to withdraw from the ATM and then can repeat the process, if you wish.
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Mr T's Avatar
Australia
2180 Posts
 Posted 02/27/2019  06:05 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
Pretty much what coaster said.
I use Westpac and the coin deposit machine makes the money available right away. I then go to the roll dispensing machine right next to it which gives up to 12 rolls per denomination at a time.
Valued Member
Australia
102 Posts
 Posted 03/01/2019  02:16 am  Show Profile   Bookmark this reply Add hans g to your friends list Get a Link to this Reply
I do pretty much the same as mentioned above, but I can also order them from the bank, as many as I want and pick them up a few days later. This way I get them in bags, not rolls which are easier to open. I usually get 1000 min of any denomination at a time. Only drawback is that they are heavy!
Hans
Pillar of the Community
Australia
1610 Posts
 Posted 06/02/2020  11:43 pm  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply
I'm thinking of doing this as well. Does anyone get their coin rolls from CBA branches?
Ta
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ryurazu's Avatar
Australia
1333 Posts
 Posted 06/27/2020  9:02 pm  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
Think there is an account keeping fee tho, however CBA have coin roll machines (as in there are change machines that can despense bank rolls), where as Westpac and ANZ only allow businesses client accounts to be able to exchange change (So you have to face to face with teller)
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Sap's Avatar
Australia
16810 Posts
 Posted 06/28/2020  10:35 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I find it interesting that the coronavirus is seeing a renewal of this particular technology, as "coin rolls" had previously been largely abandoned by banks here in Australia.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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triggersmob's Avatar
Australia
9381 Posts
 Posted 06/29/2020  05:54 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply
Yes, I was quite surprised to see coin rolls coming from our local ANZ.

Steve :)
Pillar of the Community
Australia
1610 Posts
 Posted 06/30/2020  12:21 am  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply

Quote:

Think there is an account keeping fee tho, however CBA have coin roll machines (as in there are change machines that can despense bank rolls), where as Westpac and ANZ only allow businesses client accounts to be able to exchange change (So you have to face to face with teller)

Will fees outweigh the value of the finds?
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ryurazu's Avatar
Australia
1333 Posts
 Posted 06/30/2020  01:20 am  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
yes but only if you know what you are looking for else its completely meaningless and probably better to do something else interesting, as finding something rare is lucky dependant. Fees on my account is 5 dollars a month at the moment I know there are online account that have 0 month account fee, but slightly hard to access money.
Edited by ryurazu
06/30/2020 01:20 am
Pillar of the Community
Australia
852 Posts
 Posted 11/05/2020  03:20 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
I pay no account keeping fees (St George) and frequently get multiple rolls from the machine. Last week got 13 rolls of $2 coins. 10 rolls appear to be all fresh 2020 dated coins (will crack later for keepers) and the 3 rolls of circulated coins included 2 dated 2018 (games and armistice). Had better luck last year with a few hundred coloured coins from noodling less than $30,000.
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ryurazu's Avatar
Australia
1333 Posts
 Posted 11/20/2020  02:19 am  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
$30000 (Yes I know you said less but I'm guessing it was something large) :) I would hate to be the teller that received that news O.O u want what 2 grand in 1 dollar coins ......
Pillar of the Community
Australia
1610 Posts
 Posted 11/22/2020  3:21 pm  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply

Quote:

Had better luck last year with a few hundred coloured coins from noodling less than $30,000.


nealeffendi - "I need to deposit some coins"

Teller - "There's an auto coin counter over there you can use"

nealeffendi - "I know. Problem is the fork lift won't fit through the door".
Edited by David Graham
11/22/2020 3:21 pm
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