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Replies: 32 / Views: 7,772 |
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Valued Member
Canada
139 Posts |
As for marking the rolls, my teller at the rbc told me to put my initials on them so they don't give me the same ones back so I have been doing that. I've been using a black marker because of the plastic rolls. Plastic rolls are also a pain to line up in a box. They always are out of line and don't stand up straight. The tellers can quickly count the rows if the row lines are straight and you can also count them if recieving a box. With non-box rolls, I also count my rolls in bundles of 10, rows of 3, 4, 3. I always cash in multiples of 10 rolls. I keep uneven numbers like 5 or 6 rolls as my float so when I run out of loose reject coins not enough to make a roll. Just open another roll to use as rejects. I either buy another group of 10 or split a group of 10 and repeat.
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Pillar of the Community
Canada
3692 Posts |
UHHH, rule number nine, don't short the bank. Nothing peez me off more than finding a roll of coins that's short 1-2 coins on a regular basis.
Edited by Libertad 10/15/2010 7:15 pm
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Valued Member
Canada
250 Posts |
I asked the teller at my bank this week what the odds were if me getting the same box back. She said that after 1 or two days it was pretty much not going to happen. They get opened and circulated very quickly.
Still, when you get one of those boxes with a dearth of rare or older coins I start looking for telltale signs that I or another roll hunter has been there. I always end up searching the box however...
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Pillar of the Community
United States
535 Posts |
I specifically opened an account at a bank that had a change machine. I picked up from one bank, search them, take the bag of them to another bank. Never rerolling them. Odds of you getting the same coins back are very low and you don't have to reroll the coins.
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Valued Member
United States
397 Posts |
Not quite true karrlot. I did the same thing - until the Brinks truck happened to be at my dump bank. I finished my deposit, and went to my bank where I pick up boxes. Guess who was right behind me? The same Brinks truck. I'm not too worried though. Brinks takes the coins from the coin counter back to their local facility where it is rolled up and sent back out. The Austin area is big enough that I seriously doubt I'm getting the same coins back.
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Pillar of the Community
United States
535 Posts |
Waredu - You can easily tell if your banks are serviced by the same courier, just as them. Even if both banks are serviced by the same courier, the coins that are counted through the machine are going to go back to brinks in bulk where they will be mixed with coins from other banks before they are rerolled with all of those other coins and boxed up. Yes, its possible that you might get some back, but you're also getting a mix from other banks.
You're odds of getting a batch that you're previously searched are much lower than if your picking up and dropping off at the same bank. Besides, the amount of time and headache that you save by not having to reroll the coins is priceless.
For about a year I actually marked every coin I searched, just so I could keep track if I got the same coins back or not.
Edited by karrlot 10/15/2010 11:31 pm
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New Member
United States
5 Posts |
Did you ever run across one of your marked coins? I have been thinking about doing the same thing.
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Valued Member
United States
327 Posts |
I think most of the rolls I return to the bank go back to the reserve anyway to be machine wrapped. I sure wish there was a way to know ahead of time though. I went through 2 boxes of Lincolns ($50) and found one wheat. One! I don't think I have every had that bad of luck before.
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Valued Member
Canada
386 Posts |
If you get other coin hunters dumps, I recommend going through them. On numerous occasions, I found many goodies that were left behind. I once got a bundle of nickel rolls with "X"s on them. When I went through them, they were obviously devoid of 0.999 Ni coins, but I still found 10 x Chrome 1951-54 coins and an American War Nickel 1943P (30% silver). Another time I got a bundle of dime rolls with "X"s on them. They had many AU 1968-79 dimes (which I pulled out) and many American cupronickel dimes. Upon closer examination, one of American dimes with a dull cupronickel finish was actually a 1954 silver dime.
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Valued Member
Canada
53 Posts |
Regularly getting coins from a bank where you aren't a client can be asking for trouble (at least if you call being asked to go elsewhere 'trouble'), but it's not necessarily going to be an issue if it's just the odd time. I've had pretty good luck with small town banks in that regard.
Many roll searchers will suggest not trying to trade boxes at a single bank and I've generally stuck by that, especially considering that the teller will be making two trips with that heavy load, just for the bank to end up with the same amount of coins as before.
Mentioning finding silver etc is not necessarily a bad thing, I've had a teller sell me a silver dime he had found for face value because he had no particular interest in that sort of thing himself. Tellers who spend company time searching coins are something for the bank manager to worry about, not so much you as a searcher as long as you can go elsewhere. If the pickings are very slim at any one bank then you might only dump coins there. In general though I try not to bore the teller with details of what I'm doing if they aren't curious enough to ask.
I also agree with the poster who said that not shorting the bank should be rule number one. Really it's your fellow customers who get shorted in most cases, any any complaints might make the bank less willing to take rolled coins.
Edited by psi 12/16/2010 01:01 am
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Valued Member
Canada
287 Posts |
This is the first time I have heard of someone bringing the coins back to the same bank that they received them from. And not just returning them but trading them in for the same. No one I know does this. No offense but I think that to be a rude practice and I would not expect the tellers to be very receptive of the idea. How long do you think this would last at any other large corporation? Buy their product, take it home and replace all the good pieces with lesser goods, and then return it the next day in exchange for a new product. Rule #2 should be to be considerate to your supplier and dump your garbage on someone else.
I agree that rule #1 should be to not short the bank.
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Valued Member
Canada
250 Posts |
I often return my coins to the same bank I purchased them. I have an account there and they happily exchange my pennies for me. They know I collect coins (with my daughter) and they think its kinda funny that we search every roll. I'm always polite and offer to carry the boxes for them. They are just serving a customer as they would any other customer. And as mentioned, we never short change the bank. Like most, I end up adding more coins as I'm the one being shorted.
Cheers
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Pillar of the Community
United States
3592 Posts |
rikando, I exchange my pennies at my bank every week. However, I return them on the day that they send them to the Federal Reserve so I don't end up searching the same ones.They are very helpful at my bank and delighted to help...I consider it good customer service. That's why they have my business.
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Valued Member
Canada
53 Posts |
There's a pretty big difference between trying to trade coins for coins in the same visit, and alternately purchasing/dumping at the same bank but on different visits. The latter is something that a lot of sorters seem to do with no problems. Coins for coins is certainly a more 'unusual' request and there's probably a greater risk of eventually being asked to take your coin dealings elsewhere, even if you have an account. On another site geared to penny sorting I believe one of the highest volume sorters mentioned trading boxes for boxes with at least one bank. In his case he had a commercial rolling machine, so the bank was ending up with rolls that their commercial customers liked a lot more than the customer wrapped (and frequently shorted) variety.
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Pillar of the Community
United States
3592 Posts |
I have to say that I asked at my bank before even doing it...they are happy with whatever I do and have a counting machine so it doesn't matter to them ...they actually ask me how it's going and if I'm finding anything good...what I look for,etc..may be the benefits of living in a small town
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Replies: 32 / Views: 7,772 |