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It Happened To Me Too...but Worse!

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Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 06/16/2009  7:01 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I guess the only way to get around this is to max out all the credit cards. Write those checks they send with the promotional or long-term low % charges to yourself and either deposit in an interest-bearing account or whatever. Then they can't lower your credit limit, and when the credit problems are over in a few years, just pay them back down with the same money.

You would probably find that they would still lower your credit limit and require the immediate repayment of the amount you are over the limit. And they would probably tack on overlimit fees as well.
Valued Member
United States
224 Posts
 Posted 06/16/2009  10:17 pm  Show Profile   Bookmark this reply Add huntsman53 to your friends list Get a Link to this Reply

Quote:
eaglefoot....Finally !.....
"NOW" we know why the Mint overproduces Billions and Billions of coins every year....

Actually.....I bet we do often forget that our currency is "worldwide" .......not just for "here". And some countries "only" use U.S. currency !
So, it's not "how many coins per American citizen".......Not at all !......it's a "worldwide" distribution !.....GOOD GRIEF ! ....



eaglefoot,

The coins were needed at an American Express Bank in Giessen, Germany that only served U.S. Troops (mainly Army Soldiers) stationed there! I was stationed at Kirch-Goens, (West) Germany from April 1973 to June 1975 in the 1st Brigade, 3rd Armor Division, 2nd of the 33rd (2/33) Armored Battalion but I can't remember if this happened in 1973 or 1974 since I spent so much time in the field. None of these coins were intended or accepted by German Banks, Businesses or Citizens but any and all of these would accept U.S. Paper Currency. The German Banks loved to get U.S. Paper Currency which they would use to get Gold Bullion from the U.S. Government in exchange.

You have to understand that the U.S. had around 750,000 stationed in Europe at the time with the large majority of them stationed in Germany! U.S. Coins and Currency were shipped to Germany about every three months for use in cashing Military Paychecks and for the use of the American Express. These shipments contained about 15 tons or more of U.S. Coins shipped in a CONAX (sealed) Trailer and probably several tons or more of Currency shipped the same way. Security was extremely tight and no one except the Troops, German Police (Polizei) and possibly Secret Service personnel ever knew when the shipment was actually coming in. Because of this long period between shipments, the American Express was always running low on change and especially Cents. One guy in the 3/33rd Armor actually had two foot-lockers full of Cents and he made a killing when they offered 2x face for each and every Cent turned in!


Frank

Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 06/20/2009  10:13 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
The German Banks loved to get U.S. Paper Currency which they would use to get Gold Bullion from the U.S. Government in exchange.

The window for foreign governments being able to exchange US dollars for the gold backing was closed in the 1971 or 72. And since the backing was only 25 cents on the dollar they would have had to turn in $4 in paper for every $1 in gold received. even at the artificially low official gold price that would have been a losing proposition.
Valued Member
Sukardnam's Avatar
United States
103 Posts
 Posted 06/23/2009  11:13 am  Show Profile   Bookmark this reply Add Sukardnam to your friends list Get a Link to this Reply
I have had a similar problem with Wachovia not allowing me to deposit cents into my account. About once a month I'll dump $100 rolled into my account and get harrassed about it everytime. They went so far as to tell me not to come back if I planned on bringing any more coins. I said fine! Pulled several thousand out of my moneymarket account and closed all my other accounts. Went accross the street to BoA and they gladly opened me a new account. They order me $200 in cents a week in boxes and told me of a branch near my work place thats happy to take my dump coins.
Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 06/23/2009  7:19 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
I have had a similar problem with Wachovia not allowing me to deposit cents into my account. About once a month I'll dump $100 rolled into my account and get harrassed about it everytime. They went so far as to tell me not to come back if I planned on bringing any more coins.
At least they were up front with you. These snakes at Suntrust didn't say anything to me at the branches! Just sent a letter telling me to close my account or they would do it for me!
Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 06/24/2009  08:52 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Write a letter to the senators or whoever that one of their TARP banks is forcing customers to close their accounts.
Edited by nod2003
06/24/2009 08:53 am
Valued Member
coincollectingkid's Avatar
United States
323 Posts
 Posted 07/01/2009  01:43 am  Show Profile   Bookmark this reply Add coincollectingkid to your friends list Get a Link to this Reply
I'm only thirteen and I have been told by nine different banks not to come back if u plan on bringing rolls, I mean, jeez what am I hurting by doing this
Valued Member
United States
470 Posts
 Posted 07/01/2009  5:46 pm  Show Profile   Bookmark this reply Add Andrew289 to your friends list Get a Link to this Reply
At 13, you should be out playing baseball and not roll searching. Your youth should be spent with friends and family. It's summer and there is lots of fun to be had. Leave to roll searching to the older folks.
Pillar of the Community
mfhorn's Avatar
United States
959 Posts
 Posted 07/01/2009  6:27 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply

Quote:
At 13, you should be out playing baseball and not roll searching.

I wish I had the money for roll searching at 13. Could have retired alot earlier.

I believe this whole thing is the result of a few BAD managers, both branch and vault tellers. I used to do all my business at one branch until a couple month ago. The vault teller informed me she would have to charge 9 bucks per box; so I go 2 miles down the road to the same bank, different branch, and they have no problem ordering boxes of halves. One dump bank I use I have only ONE CD in, and for the most part they have no problem.

These people need to wake up and SMILE and be thankful they have a job!
Pillar of the Community
copper nickel daddy's Avatar
United States
2224 Posts
 Posted 07/01/2009  7:20 pm  Show Profile   Bookmark this reply Add copper nickel daddy to your friends list Get a Link to this Reply
For many 13 year olds, and some even younger, searching rolls and enjoying coins IS fun! Way to discourage future coin collectors, in a hobby that is already shifting toward an older average age! This hobby NEEDS the new blood, and I for one am thrilled when I am at a coin show and I see a youngster taking a high amount of interest in this hobby. The last show I attended I witnessed a youngster probably around 10-13 looking at Large Cents with his dad. It was obvious the dad was the observer and the child was the hobbyist. Please, don't discourage the young; there is plenty of time to go out and play baseball and all and still enjoy this hobby!
Valued Member
coincollectingkid's Avatar
United States
323 Posts
 Posted 07/01/2009  8:10 pm  Show Profile   Bookmark this reply Add coincollectingkid to your friends list Get a Link to this Reply
Hey, just to let you know I'm thirteen but I play football, and basketball and my family is always going on vacation and spending time with eachother. Looking through rolls is just something I like to do on rainy days or when I have free time, plus I love searching rolls because I feel like each roll is a lotto ticket, u might win, u might lose

Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 07/01/2009  8:19 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
These people need to wake up and SMILE and be thankful they have a job!
Exactly! (coming from the ranks of the unemployed)



Quote:
I feel like each roll is a lotto ticket, u might win, u might lose
It's better than the lotto! The only way you can lose roll searching is if a roll is short...and it doesn't happen that often.

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jbuck's Avatar
United States
187446 Posts
 Posted 07/02/2009  11:37 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
To coppernickeldaddy and coincollectingkid... well said!

It is good to diversify your activities. It keeps you out of trouble!
Valued Member
coincollectingkid's Avatar
United States
323 Posts
 Posted 07/02/2009  12:54 pm  Show Profile   Bookmark this reply Add coincollectingkid to your friends list Get a Link to this Reply
exactly jbuck
Valued Member
PennehChaos's Avatar
United States
311 Posts
 Posted 07/02/2009  4:05 pm  Show Profile   Bookmark this reply Add PennehChaos to your friends list Get a Link to this Reply

Quote:
Ya know...the morons at SunTrust can't even tell ya! They informed me that it costs them to ship the coins! I ask how much?...I'll pay it! (to get them to continue ordering halves for me) "I Don't Know" was the managers reply! When I asked the General manager the same question and told him I would pay it, his response was....."We don't have any way to charge the customer"! Can you imagine this?


I'm surprised that they didn't offer to let you open a small business account instead of a personal account... SB accounts generally charge a higher monthly fee, and often a fee per order of rolled coins, but they're available. Can't run a retail store without change.

You must have annoyed the manager by dragging him away from... whatever it is that bank managers do all day.
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