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Replies: 32 / Views: 6,255 |
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Pillar of the Community
United States
757 Posts |
sheesh shavill, don't be so serious.
there's not a lot to say and most of it's common sense.
don't dump where you buy. make several accts at several banks to make dumping easier without agitating the tellers. order boxes if you can. alternate boxes with CWRs. don't stick to one method. don't give up, because it's out there.
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Pillar of the Community
United States
3592 Posts |
Have to disagree on the rule about dumping. My bank works with me....what I dump goes to the Fed. I started out by talking to them from the start and things are really going well. They usually ask if I found anything good last week and what I'm looking for ..etc.
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Valued Member
United States
373 Posts |
Most tellers don't know why I ask for rolls of cents (unless I was a business owner). They usually don't know what coins to look for and what I'm looking for. Most of the tellers think I am looking for the newer wrapped coins, but I tell them I want the older coins. I explained to one teller that pre-82 cents were made of copper, and some people collect those. I didn't want to say that I found Canadian cents or Indian heads because maybe they would change their method of wrapping coins, and then I wouldn't find any of those coins.
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Pillar of the Community
United States
4333 Posts |
From what I've seen in my town (lots of banks), maybe 1 out of 10 has a counter, maybe less. I get lots of customer-wrapped. My tellers say that their coin gets shipped out to the Fed. That's ignorance on their part, all of it comes and goes from local re-rolling facilities. If there is a lack of inventory, their might be a shipment from the Fed. I have accounts with lots of different banks so I don't have to dump where I eat. With no fees yet, I want to keep good relations.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
United States
188 Posts |
One thing that worked well for me, is to have a good friend with a business account at a large bank. He can order whatever qty he wants and they neve bat an eye. I've had him pick up 10K at a time and it was never a problem. Also for returns, we just dumped them in Ballistic Bags and dropped them off. Two days later the money hit his account and he cut me a check. It was very profitable for a while. I funded my lincoln addiction for about two years going through 10-20K a week in halves. Then it dried up and slowly wasn't worth the effort. I live in Hawaii now and your luck to get two loose at a bank (Clad) and when you order boxes they bring you Solid date OBW clad rolls
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Valued Member
United States
397 Posts |
I get my boxes at one bank - and they always ask if I've found anything good. I dump my leftovers at another bank where they have a coin sorter in the lobby - and they always ask if I've found anything good. The most I tell them is that I find a few Buffalo nickels and the like - that seems to satisfy them.
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Pillar of the Community
United States
757 Posts |
you're lucky, maine. they get pretty pissy with me when I dump where I buy. not that they won't accept it or anything, just that they get pissy.
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Pillar of the Community
United States
4333 Posts |
Chances are, if you dump where you buy, you will get your dumps back eventually, if not sooner.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
United States
373 Posts |
That's not good since I dump where I buy.
I'd really like to find someone that has a load of coins that have been laying around for a long time that they want to get rid of so I can make a reasonable offer. It seems that is a cool way to search through older coins, instead of getting a few here and there in modern bank rolls.
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Valued Member
 United States
139 Posts |
I buy money off my friends for face value. You'd be surprised. Most households just have around 100 dollars in loose change laying around. Never know what you'll find.
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Pillar of the Community
United States
3592 Posts |
I think the main point is communicating with your bank,or finding a "friendly" bank. My bank has been just great but that's how I ended up with them to begin with. The bags I buy from them are sealed and labeled for shipment to the Fed, but they don't seem to mind giving them to me. Their counting machine charges 5%, but with pennies, that's not a problem. Larger denominations I roll myself and they accept them with no problem.
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Pillar of the Community
United States
4333 Posts |
Maineman, I'm curious. What makes you think your coin is being shipped to the Fed?
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
3592 Posts |
fistfull..one reason is that the teller in charge of the coin counter told me...second reason is that the bags are labeled From: my bank To: Federal Reserve Bank of Philadelphia,Ten Independence Mall,Philadelphia,Pa 19106
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Pillar of the Community
United States
4333 Posts |
Thanks Maineman!
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
1450 Posts |
Just A COUPLE OF COMMENTS. First,don't be so down on customer wrapped rolls, the best stuff I have found has come mostly from cwr's. For example,I have gotten complete rolls of wheat cents six different times,one was all 43 steels. I also had a nickel roll with 5 Liberty nickels,8 buffaloes with dates and 2 without. Most folks don't look at what they are rolling or just cash in collections at face value. Second,I mark my dump rolls when I return them to the bank. There are 5 different banks I use and the tellers know(or I inform them if they don't )that when I trade rolls I have already searched them. If you dump coins in a counting machine obviously you need another method. Third,contrary to what many on this forum may think,not many people look at their change or get rolls to search. When I try to trade rolls with a new teller I almost always get the same question"Why would you want more of what you just cashed in?" When I explain that I search them for"old coins",they just look at me like I need to get a life so don't assume that cwrs are picked through. Last,remember,there will ALWAYS be periods of drought when roll searching so don't quit when things get slow,the treasure may be in the next roll!
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Replies: 32 / Views: 6,255 |