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Replies: 94 / Views: 13,233 |
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Pillar of the Community
Australia
2180 Posts |
I was thinking recently, is it possible that if I have one bank branch for withdrawal of coins and one for deposits, is it possible that the deposit branch could transfer its excess coins to the withdrawal branch and I'd end up looking at the same things again? If so, can anyone recommend a good deposit/withdrawal scheme?
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Valued Member
Australia
105 Posts |
I always withdraw at my local shopping centre branch as they hand out so much change that it is always in "chubb" rolls, and then deposit at another branch with a coin counting machine several suburbs away later in the week .
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Pillar of the Community
Australia
652 Posts |
I withdraw cash from Westpac, wander over to the NAB and buy sacks of coins, all denominations except $2. I simply ask for a couple of $2 rolls and I am particularly looking for new rolls and if not the counterfeit $2s. I noodle. Coins are returned to the Westpac. NAB uses Armaguard. I believe Westpac uses Chubb. No duplication.
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Pillar of the Community
 Australia
2180 Posts |
I like the sound of your idea Yass. I don't know how much change turnover happens at my local bank so I'd rather play it safe. So NAB will gladly exchange cash for bags of coin? Is there any limit? Do the other banks sell bags of coins for cash?
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Valued Member
Australia
278 Posts |
they can be funny about it. I was just told by a NAB that if it isn't my bank that they wont do any more than $25. I went in with notes and wanted coins in rolls. I told her my closest branch was 4000km's away and that wouldnt be an option for me. But more often than not they are friendly!
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Pillar of the Community
Australia
652 Posts |
If you are a bank customer, there is no charge for buying coins. I understand it can be quite expensive if you aren't. With the NAB, I simply have a Visa card. No bank account. Most of the time, they never ask anyway. I simply say I'm a customer and that is generally the end of it. If asked if the coins are for a business, just say no, they are for personal use. However, the teller has never asked what for when I've said 'for personal use'.
I haven't made a secret of what I want the coins for. They may look at you srangely, but you may be surprised just how many of them actually collect coins themselves.
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Pillar of the Community
 Australia
2180 Posts |
Do you know how expensive? Also do you happen to know which security companies ANZ and the Commonwealth Bank use?
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Pillar of the Community
Australia
652 Posts |
ANZ - Don't know. I think the Commonwealth uses Chubb. Not sure about the cost of getting coinage. I think it is a low percentage of the overall face value of the coins.
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Pillar of the Community
 Australia
2180 Posts |
Okay, thanks for the info.
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Pillar of the Community
Australia
1005 Posts |
I have recently been looking through some 5c coins and have had Chubb rolls given to me by 2 Commonwealth bank branches. I think that even if you return the coins to the same branch you got them from, if you get coins in rolls each time, you would know they are not the ones you returned to the bank (since the ones you looked through are no longer in the rolls).
Edited by ozcoins 08/30/2011 09:50 am
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Pillar of the Community
 Australia
2180 Posts |
Good point ozcoins, though I've only received rolls once; the other time it's been bags (I've only done it four times to be fair).
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Pillar of the Community
Australia
2830 Posts |
I get $100 of "change" most weeks at a WhichBank branch, which is across the road from our biggest shopping mall. The coins always come in small plastic bags. If they haven't got enough in bags for me, then they fill bags from a machine. I think that a factor in this equation might be the size of the branch that you go to: maybe larger branches might bag their own; but smaller ones rely on delivered rolls ?
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Pillar of the Community
 Australia
2180 Posts |
Maybe, but I got the rolls from a big city branch while I got the bags from a small branch (though last time one my bag was topped up with coins from a roll).
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Pillar of the Community
Australia
652 Posts |
I bought a sack of each denomination a month or so agao. I did the same thing today. From the $400 of 50 cent pieces, I kept: - 1 x 1993 COA (under a million of these)
- 1 x 2000 Royal Visit
- 3 x 2001 NSW
- 1 x 2001 Western Australia (change from the pie shop next to the bank LOL)
- 1 x 2001 Norfolk Island
- 1 x 2001 Australian Capital Territory
- 1 x 2001 Tasmania
- 1 x 2001 South Australia (only my 2nd ever)
- 1 x 2001 Northern Territory
- 1 x 2001 Victoria
- 3 x 1994 - Year of the Family - Wide Date
- 5 x 2005 Robe Cuds (You'll always find these. Its the multiple Cuds that are harder to find)
- 21 x Various Unc/EF and low mintages
I'll post the $1 and 20 cent finds tomorrow. Still no Milleniums. You're all having a lend of me. There are no such animals. 
Edited by Yass 09/09/2011 06:57 am
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Valued Member
Australia
56 Posts |
It's funny isn't it how you can buy bags of change and not find what you are after, but then get the coin you want in change from the servo!
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Pillar of the Community
 Australia
2180 Posts |
Quote: It's funny isn't it how you can buy bags of change and not find what you are after, but then get the coin you want in change from the servo! Yes. I remember going through $100 of 20c pieces to find a 2008 head gap (I did find one in the end), but the following week I got another in change from the petrol station. Now that you mention it, it's probably the only thing I've found while noodling that I haven't had one of already.
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Replies: 94 / Views: 13,233 |