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 Replies: 12 / Views: 1,092 |
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Pillar of the Community
United States
1699 Posts |
I went to my bank today to ask if they had any $25 Cent boxs with 50 rolls. They said they didn't but they have $50 bags. Would these $50 Dollar bags of cents be worth looking through for wheats and such? Thanks-
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Pillar of the Community
United States
3077 Posts |
i would think its the same thing but diffrent
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Pillar of the Community
967 Posts |
These are probably coins that they took in in their coin machine. These go back and are rerolled and sent back to the banks. Should be no difference in the cents you get in a box (unless someone searched them and used this bank as a dump bank).
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Pillar of the Community
United States
2177 Posts |
I think bags from the bank are the from the change people dump. If a collector just dumped a ton of searched change and that's what you get I doubt you'll find anything. If it's just regular dumping from regular folks well then HAPPY HUNTING!  |
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Pillar of the Community
 United States
1699 Posts |
Thanks for the replies. I think I will go and get a bag, maybe in the next two days. I'll tell you if I find anything.
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Rest in Peace
United States
3039 Posts |
It's a crap shoot either way, but good
luck. Let us know if the bag was rejects from a previous searcher or all new "unsearched" material.
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Pillar of the Community
United States
3077 Posts |
they have to have rolled cent. Would they give a comercial account bags of loose cents? or they may get them rolled and just in bags rather than boxes
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Rest in Peace
United States
1943 Posts |
Yotie, at my bank they use brinks for their coins. When the bank is short in a certain denomination of coin they order from Brinks who supplies the coins in rolls sealed in boxes. When the bank gets too many coins they send them back to brinks. They send them back loose in bags not in rolls. I assume this is so Brinks can dump them into the coin counting machine without messing with the rolls. Too many rolls from the public are miscounted or have other coins stuck in the middle of the roll, like cents stuffed in the middle of a nickel roll. So to insure better accuracy, Brinks and the other coin wrapping companies have the coins sent loose to them and they count, wrap and box them to be shipped out for an order. Each time a bank orders coins or sends coins back there is a fee for this service. That's why a bank will sometimes give us roll searchers a hard time if we want them to order boxes or if we dump on them. That is also why they are happy if we take their Overstock of coins and don't bring them back. |
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Pillar of the Community
United States
1699 Posts |
I know at my bank, they will not except hand-rolled coins.I don't know why, but my bank is big here with 4 or 5 different buildings in the town that I live in.
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Pillar of the Community
Canada
636 Posts |
" know at my bank, they will not except hand-rolled coins.I don't know why, but my bank is big here with 4 or 5 different buildings in the town that I live in." Thats amazing, do they not have any retail accounts? What do people do who like me, throw our change in large coffee cans, then roll it up and take it to the bank once you have searched through it. Stand there and let them count it? I won't use a 'coin star machine'...(unsure if you have them in the US-see link below)they want 9.8% right off the top, and it adds up when your dealing with $400+ at any given deposit.(Seems high I know but we do have 1 and 2 dollar coins as well) Perhaps they should stipulate, we will take rolled coins, providing they are rolled in the clear plastic clam-type rolls. Just a thought. http://www.coinstar.com/us/html/a-homeEdited by Dollar1948
02/26/2009 08:38 am
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Pillar of the Community
967 Posts |
Probably half of the branch banks in this area have coin counting machines in the lobby. It is a free service if you have an account at the bank. Some print out a receipt that you take to a teller, some have automatic deposit into a saving or checking account. These are the ones I use as a dump bank.
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Pillar of the Community
United States
1699 Posts |
Exactly what still lookin said.Thats why at first when I was looking at the forum, and people said they received hand rolled coins I was very confused.
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Bedrock of the Community
United States
17884 Posts |
There is also the chance that these are mint bags. Some of you folks who haven't been collecting as long my not remember this, but it used to be Brinks didn't roll the coins and the cents would arrive at the bank loose in $50 bags. Not $25 boxes And the mint used to ship cents out in $50 bags, not one ton Ballistic Bags. Collectors used to go to the bank and ask for a bag of cent and that was what they got. If they were lucky they might get an unopened bag direct form the mint. So until you see that bag they offered you, there is no way of knowing what it is. |
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Replies: 12 / Views: 1,092 |
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Posted 02/25/2009 6:59 pm
