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 Replies: 17 / Views: 4,400 |
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Valued Member
Canada
159 Posts |
Coin Roll Hunting Etiquette
Hi,
I've been reading that CRHers will get a large amount of coins from 1 bank and than bring back the duds to a different bank.
What if you normally get coins from your "main bank" but decide to get coins from some 2nd bank and bring back the duds to your "main bank" that you normally get coins from? Is this bad etiquette?
Do you usually need to have an account with that second or third bank in order to just drop off coins?
Is there anything I need to know about Coin Roll Hunting etiquette?
Thanks for the tips.
Cheers!
James.
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Valued Member
United States
383 Posts |
I know at TD Bank (the artist formerly know as Commerce Bank) you don't need to be a customer to use their free coin counting machine.
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Pillar of the Community
United States
1231 Posts |
When I get the time to search rolls, I usually use 3 to4 different banks for pick-up and I use a seperate bank to dump in. I always dump in the same bank. I think they hate seeing me because I come in carrying a 5 gallon pail. I just leave it with them and come back the next day and get my deposit receipt.
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Pillar of the Community
United States
3294 Posts |
I used to feel a little bad about dumping $1000 worth of dud halves a week at my dump bank, but last time I was there, I saw another customer who was dumping probably 4x what I was (obviously another hunter), so now I know I am not the most hated customer!
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Valued Member
 Canada
159 Posts |
My teller was telling me that there was another coin collector doing the same thing as me. Now I'm worried I'm going to pick up his duds.
So you guys don't roll the coins back up, you just give back all the coins as is?
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Valued Member
Canada
159 Posts |
SJUHawks, I saw a "CoinStar" once at a supermarket a couple years back, I havent seen one since. I read they use the free coin counters in some banks in Ontario, I'm in the west.
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Valued Member
United States
383 Posts |
Quote:
SJUHawks, I saw a "CoinStar" once at a supermarket a couple years back, I havent seen one since. I read they use the free coin counters in some banks in Ontario, I'm in the west I've also learned that you can get gift cards from Coinstar, and there's no vig if you do that. Great way to beat the system. I prefer TD Bank's Penny Arcade, though. I happen to be a customer, but you don't need to be one. Good deal! |
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Pillar of the Community
United States
533 Posts |
Quote:
and there's no vig if you do that. I never thought of the coinstar fee as the vig, but I will now.  Lol, that is exactly what it is... I guess I always thought of vig as a gambling/bookie term even though it isn't exclusive... Edited by MorganNoob
12/18/2008 4:51 pm
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Valued Member
United States
104 Posts |
All's fair in love & war.
Collecting is a love.............:)
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Valued Member
Canada
122 Posts |
I don't have a 'dump bank' just because I can't get out to the banks often and I just go to the nearest one. However, when I go I just ask for an exchange: my cents for theirs. If they give me strange looks I say honestly, I'm a coin collector and I've looked through these ones already.
Good luck in your searches!
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Rest in Peace
United States
3039 Posts |
You have to have a dump bank because otherwise you might get some of your searched coins back next time.
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Pillar of the Community
Canada
1082 Posts |
Luckily, I live two blocks from a shopping center where there is a Bank of Montreal, a Canadian Imperial Bank of Commerce, a Royal Bank (with *very* friendly staff), and a Credit Union. I buy at the three banks and dump at the Credit Union, which requires that I place my name and phone number on the rolls when trading them in.
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Pillar of the Community
United States
1208 Posts |
One bank that I have an account with has a 'free for members' coin counting machine. Dump the coins in, get a reciept, take it to the teller, get your cash. This is my dump bank for that reason. However I feel really warm and fuzzy about dumping at this bank because they are collector unfriendly, at least to me, so I feel like they have earned my dumps. I think the best reason to only dump at one bank is to isolate you from getting the same coins over and over. At least as much as possible. You don't eat where you dump... so to speak.  Edited by ratio411
01/03/2009 01:01 am
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Valued Member
Canada
159 Posts |
Ah, I get it.
I'm just about ready for a big coin dump.
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Rest in Peace
United States
2668 Posts |
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Valued Member
United States
205 Posts |
We have coinstars in my area. How do the gift cards work?
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Replies: 17 / Views: 4,400 |
Posted 12/18/2008 08:06 am
