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 Replies: 37 / Views: 4,878 |
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Pillar of the Community
United States
672 Posts |
 100% with carl, if you are not respectful...you will kill the hobby for everyone. |
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Valued Member
 United States
337 Posts |
so with around 250 views as of right now maybe it's about time for us as a group of people who all enjoy the same thing to sit back and look at what we are doing. We get that extra box a week and maybe find 5 more silver pieces if we are VERY lucky, or we can slow down, enjoy what we are doing and hopefully keep the hobby alive for a longer period of time. As someone who gets at least 95% of his coins from roll hunting I would hate for my hobby to come to an end. Lets all take a step back and keep what we like to do going as long as possible.
thanks for all the inputs and hope this sheds a light on some things for those who might not have thought of it like this before
PEACE
Chris
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Pillar of the Community
United States
958 Posts |
Why does a bank have to provide coins to anyone to search and return them ?
When did this become a thing banks " should do " ?
People may claim " ITS MY BANK THEY SHOULD SERVE ME AND MAKE ME HAPPY " . I have heard this on other post.
My personal opinion is people will take advantage of good thing and often ruin it .
Someone on here posted awhile back they buy thousands of dollars in coin a week and dump the rest. Then got upset when the bank said " no not today " they went on a rant and rave about it . Someone even lied to a bank teller about his grandad selling copper for extra money and that he needed the coins to search or would basically starve on a fixed income.Then rant raves why they were told no and so on.
Banks serve banking needs. Not hobby coin collecting wants and if someone is doing coin sorting searching to make money ? Thats not a banking need its a source of income
BANK SERVICES
Checking
savings
loans
NON BANK SERVICES
providing INCOME to people that coin sort silver/copper
providing coins for people to search for their collections.
If a bank does offer coins, please be thankfull and not ruin it for yourself and others buy going overboard.
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Valued Member
United States
327 Posts |
I have a couple of grand in savings sitting in my bank I use to dump at as well as a safety deposit box I pay for. Also, I don't mess with half dollars. My branch is the main branch around here, so they ASK ME for loose coin as they need it for the merchants. They seem to be OK with me dong this.
Also, I bring them chocolate :)
Then again, I'm not abusing the system, either.
Pigs get fat, hogs get slaughtered.
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Valued Member
United States
337 Posts |
good point about the banks asking for coin
Every once in a while I get asked by the head tellers of my dump bank if I have any pennies I can bring them because they messed up their order for the week
I most certainly go home and help them out since they help me out
"Pigs get fat, hogs get slaughtered." great quote never heard it before
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Pillar of the Community
United States
594 Posts |
I roll search pennies. I normally have two boxes at home, one to search and a back up in-case I don't get to the bank. I use two different banks, one I belong to, the other I don't. I try to alternate which bank I dump too, but I mostly do it at the bank I belong to. The rolls are all re-wrapped and boxed, so I normally don't have problems dumping. Especially seen as how I am actually swapping boxes with them. Searched one for a new one. I only had problems once and it was at my bank. They were hesitant to take the box of searched, so I changed the transaction to a deposit. Then turned around and bought another box. I haven't had that problem since.
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Pillar of the Community
United States
6326 Posts |
It's the usual "greed" thing IMO.....combined with the ever growing popularity of "silver huntin' ".
What used to be just occasional box or two of any denomination by a select few people, has now become VERY VERY overwhelmingly popular nationwide. (I'm sure even here on CCF, we've added a few hundred "new" bank roll searchers, who've now become addicts !)
The banks are charged a fee to ship out coins, and a fee to order boxes of coins. The customer is charged ZERO for this.
When it becomes an annual cost that is tallied up by the bank managers, they have to curb that cost, or eliminate it all together.
This is what it is "evolving" to, IMO.
You'll either have to pay the fee, or they will just plumb refuse to order them anymore for you at all.
This is not a service that they "have" to provide to their customers.
So, yes, I agree with those who see that this hobby is being ruined slowly but surely. One day, this will be a thing of the past, and it will not even be possible for the average Joe to order boxes of coins at all.
The rising historic prices of Silver are absolutely bringing in thousands of new people to the hobby too, of course.
Glutenous greed combined with this ....... equals a killzone for the party !
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Pillar of the Community
United States
1547 Posts |
Chris, put me down, too, in the 100% agreement camp. You articulated the problem well. In a nutshell, we've been abusing the system, and it's finally catching up to us. Now there's a coincidence!  |
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Valued Member
United States
364 Posts |
It's a long time coming and I completely agree with the OP. I've seen guys on here talk about 10-20 box orders A WEEK. It is no surprise it's caught up with people. Folks got too greedy, created too large of a spike, banks got fed up with it, and they are rightly clamping down.
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Pillar of the Community
United States
1348 Posts |
I talked to my bank when they said no more pennies. They said they were being charge $4..5 a box and would have to charge me the same. I confirmed that they counted coins for free though. I then asked if they are charged to have coins hauled away. they of course said yes. When I ask them to pay me to take all of their coins they refused with a laugh. Funny how I would take their coins for free and save them charges, but the minute I incure them cost they want to charge me. I went to my other bank and they said they do not use Brinks and they think thay only chagre a monthly fee (doesn't matter the amount of coinage). they also told me they have many people who roll search and get coins from them. I told them I would never dump my coins here, since I have a bank that does it for free and they won't give me coins anymore. They also todl me they would order me any amount of coins no matter what. THATS A BANK!
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Valued Member
United States
439 Posts |
I get 1 box a week from 2 different banks. One bank orders for a few people, one of them gets 6 boxes each time. The other bank took out their coin machine bacause they got tired of dumpers. I now pick up the coins that they have to hand count.
I try to be reasonable in getting boxes and dumping coins. Some people feel it is their right to do it as much as they want. That is fine but if you abuse it they are going to take it away. That is just how it is. It is not cheap for banks to do this. If you are a pig we are all going to suffer. If you are reasonable and stay under the radar no one will ever care. One bad apple spoils the bunch.
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Pillar of the Community
United States
2335 Posts |
Unless you have a large sum of money on deposit, pay bad check fees or have several loans with your bank they aren't making a lot of money on your business. Expecting them to provide a service without a fee is unreasonable. The bottom line is any fee that is not charged directly to the customer incurring the fee is charged across the board through lower interest rates on cd's or higher rates on loans. People who don't roll hunt are subsidizing your hobby.
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Pillar of the Community
United States
1348 Posts |
I had $7000 in my account and wouldn't let it dropbelow $5000 at any time. We all know they loan these monies out. If they laon my $5000 to someone at 5% interest they make $250 a year off of my money. I have had my account for over 7 years. I don;t think I have to do the math but I'm sure my $100 in pennies every other week isn't that unreasonable. Jsut my opinion and if they are taking such fees getting coinage maybe they should use another service. If I made $4.75 a box rolling pennies I would quit my job.
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Pillar of the Community
United States
672 Posts |
I dont think anyone is calling 4 boxes of pennies a month unreasonable... its more along the lines of 5K of halves a week, and wondering why they wont order anymore...
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Pillar of the Community
United States
757 Posts |
yeah. probably, though, the ones who are getting 20 boxes a week in halves DO have like 100k in the bank and the bank would order THEM halves regardless, so while I agree with OP, I think there are likely extenuating circumstances to consider as well.
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Replies: 37 / Views: 4,878 |
First Page
Posted 03/06/2011 11:39 pm
