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Replies: 24 / Views: 12,209 |
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Valued Member
United States
466 Posts |
I always see people claiming to have gotten like $200 of customer wrapped rolls of dimes, and other really high amounts of customer wrapped rolls. I'm just saying that if you are getting that much coin, odds are that it is coin broken out of a box and distributed by the head teller to the other tellers in the branch. I believe most of the coins you are getting when grabbing such a large amount of customer wrapped coins are from boxes. I am not saying that customer wrapped rolls don't exist, I just think that some people believe if they don't get a box of coin that the coins they get are customer wrapped, which isn't necessarily the case. Just the same as all boxes aren't machine rolled boxes. Some boxes are assembled by the tellers and shipped out. I have had the bank where I go actually pop the boxes up (they had extra flattened boxes) and make them from rolls they had in the safe under his station. I don't know, this is just something that gets to me when I read on here. Thats the end of my rant. Anyone else have an opinion on this? 
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Valued Member
United States
123 Posts |
There are zero banks around here (as far as I know) that accept customer wrapped rolls, and I am sure that that number is dropping around the country...too many people slipping pennies in the dime rolls I guess. But I tend to agree with you...I'm sure many tellers just grab rolls when asked and don't put much effort into whether they are customer-wrapped or not.
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Pillar of the Community
United States
3345 Posts |
Well as far as I know CWRs have non crimped edges and Fed wrapped have crimped edges. And when I get CWR they have non crimped edges. But I guess they could have put them together there, but where would they get the coins? These banks dont have coin counters.
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Valued Member
United States
228 Posts |
In my area (San Diego Ca.), it is very easy to get CWR's, and to tell that they are CWR's. If I were to order a box of cents - I would get coins wrapped by Brinks, (in the plastic rolls). To avoid this, I ask for very small amounts of cents and nickels (say $5 worth of cents, and $8 worth on nickels). About 80% of the time, the tellers have in the tray in front of them coins that are CWR - given to them by the public. They are not crimped at either end, and they are in paper sleeves (the kind the bank gives out for free if you ask for them). Frequently a phone # or acct.# is on them. The teller normally scratches through the #'s before giving them to me. These are the rolls that yield lots of neat coins. (I found and 1857 FE cent in a cent roll, and a 1909 Russian 20 Kopek coin in a nickel roll)! I am still on the hunt for a roll that would indicate someone dumping a whole collection - but those are the kinds of finds that make searching CWR's so much fun. You get the coins BEFORE Brinks dilutes them with other coins, and BEFORE the coin counters reject the foreign coins! Sometimes the teller does not have anything except Brinks rolls.  . No worries, I take them anyway. I choose streets that have many banks on them. (say 5-8). Each Saturday, I hit each bank for $5 in cents, an $8 in nickels. It generally takes less than one hour to gather my weekly allotment of $25 in cents, and $40 in nickels. About 75% to 80% of the coins will be CWR! I'm finding lots of foreign coin, in the CWR rolls in San Diego!
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Valued Member
United States
333 Posts |
They have something at my banks that they run over the rolls to check if there is any Canadian coinage stuck in there. I assume it also works if there is a penny stuck in a dime roll.
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Valued Member
 United States
466 Posts |
brinks also uses folded over rolls Machine wrapped are not necessarily crimped edges or clear plastic rolls they can also be folded over rolls. these 2 are a definite indication of machine wrapped not an indication of customer wrapped also the thing they use to check for canadian is a magnet magnets show nothing if you fill a quarter roll with pennies lol any magnetic coin gets found when the banks do this and then they tell you there is foreign stuff in the roll some banks and some tellers don't do this, but other do. @lastgold, I understand that you can get customer wrapped rolls in the way you are trying. I used to get great coins this way too, but it just took too much time that I don't have due to my job anymore. When people go into a bank and ask for 200 dollars of dimes, probably aren't getting customer wrapped coins. Thats all I'm saying. But yes smaller amounts will probably be from customers cashing in change.
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Valued Member
United States
447 Posts |
Quote: brinks also uses folded over rolls Really!? How do you suggest that they do that? Coin processing companies use coin counting machines and automated coin wrapping machines. They are not going to pay people to hand wrap.
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Valued Member
 United States
466 Posts |
the teller I go to told me that the coins he gets are from brinks and told me the coins that I usually get are rolled by machines the rolls are all tight, and all folded perfectly and exactly the same. You can tell the difference. I will post a picture of a box next time I get one.
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Valued Member
United States
228 Posts |
The CWR's I am referring to are not Brinks rolls, and yes I am absolutely certain that they are customer wrapped. As far as using a magnet to test for Canadian or other foreign coins - they are either not doing this to the rolls I get - or they are doing a terrible job. In the past year, I've gotten coins from Canada, Mexico, Bahamas, Belize, Britain, Austria, Barbados, Singapore Italy, and just recently Russia. One other coin is from somewhere in the Middle East- (haven't gotten my Krause book in yet). It is not likely that if you ask for hundreds of dollars of coins - that you will get many CWR's. In my experience, the CWR's I get are taken from customers, and immediately inserted into the tellers trays - without ever seeing the inside of the banks vault. Now, your bank may also individually roll coins, (in my area these rolls appear as tightly wrapped and crimped paper rolls), also very easy to distinguish from both Brinks rolls and CWR's. The character of these coins is just like Brinks, very average, few foreign coins, very few dimes - condition slighty better and newer, and about 3% less copper cents than CWR's
In my area, Brinks does not use the types of coin wrappers that are made of paper and given for free if you ask the teller, nor do they wrap in paper rolls, with tightly crimped edges (their coins come in plastic exclusively). (Yes I have confirmed this with not one but several bank personnel in more than one Bank.)
Now, the banks in your area, may do things in an entirely different way, but you asked for feedback on CWR's - and that is the reason I am responding.
Best,
LastGold
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Valued Member
 United States
466 Posts |
see the attitude in your post isn't needed haha I agreed with you
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Bedrock of the Community
United States
20753 Posts |
With all the modern machinery now in banks the latest system is to photo anyone bringing in rolls of coins. Then this photo is sent to all the nearby banks. Then when you order a box of anything, they contact all the other banks that have your rolls and send to that one so when you go to get your rolls, you get your same ones back.   I've heard that some banks are now getting even with people that short roll them. Now the banks are alos short rolling rolls. And if questioned they simply say we are keeping up with the devaluation of our money. 
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Valued Member
United States
304 Posts |
justcarl, you need to triple the amount of smileys in your post to ensure no one gets the wrong idea. 
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Pillar of the Community
United States
4333 Posts |
Like another poster mentioned, 80% of cwr's (dimes) that I buy have acct#, tele, or name on them, sometimes scratched out, sometimes not. I can easily buy $1k in cwr's between 2-3 banks, as counters are rare in my city. I no longer order boxes, as I find enough cwr's and the chance for solid silver rolls are entirely possible. Living in Michigan, I gather about 20 silver Canadian dimes from rolls, every year, I like them better than mercs, which just get boring after awhile.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Rest in Peace
United States
9104 Posts |
Quote: They have something at my banks that they run over the rolls to check if there is any Canadian coinage stuck in there. That's a magnet. Pure nickel Canadian coins are magnetic, like steel and cobalt. Quote: I assume it also works if there is a penny stuck in a dime roll. Nope. The problem with cents in dime rolls is rarely one, but the whole roll is cents. An alert teller would notice that the ends of the roll are angled, not square.
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Valued Member
United States
421 Posts |
Heck, I have taken rolls of my own rolled pennies,nickels and dimes to the bank to exchange them for bills to buy Gas. Sometimes I carry a roll of coins and will purchase gas for my car with them. They look at you funny, but I am like WHAT it is money none the same. The banks that I dealt with over the past would require your name, and account number. That was bad and taboo now to put your account number.
I haven't tried going to my local bank to search rolls in a while.
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New Member
United States
1 Posts |
Banks typically accept user wrapped rolls. In an attempt to curtail adulterated rolls, they will mark the roll with an account #. As for Brinks, most businesses that I've been affiliated with tend to keep coins for their own change, so I doubt that there is a great deal of coins traveling through Brinks. First, banks want coinage rolled & not many businesses want that hassle. Second, It's costly for businesses to use Brinks, so few do, so there's less of an opportunity for them to get coins
Cheers !
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Replies: 24 / Views: 12,209 |