Local Bank Playing Hard Ball

Since they hate it so much it's a practice that will one day end, except for maybe a select few local banks. Personally, for the low % possibility of actually finding anything worth while, which continues to get expotentially lower every year that goes by, I'm surprised anybody wastes their time going to do this anymore.
I guess it all depends on what you're looking for. But if you only wanted to "totally luck out" and find a single silver quarter, your odds are worse than terrible. I posted the real numbers a long time ago.
What few realize is if you could magically recover every single silver Washington quarter ever produced by the US mints (32 years worth), dump them into a pot with ONLY the full mintages of 1965-1967 quarters (3 years worth of clad!) and mix them all together in a pot and tried to pick a silver out blindfolded, your odds of getting a silver would be less than 50%.
Now remove all but a fraction of a tiny percent of those silver quarters from the pot and dump in 48 years worth of billions of new clad quarters into the pot and mix it up. Remove the blindfold and have fun searching. That's what you're doing.
The Kennedy halves have been picked over who knows how many thousands of times over. Even as a collector, I tend to have sympathy for the bank tellers' time being tied up over what's become a huge exercise in futility. I have no friends or relation that work at a bank so no biased here.

 

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When that happened to me, I'd write phony info on the rolls.

 

Would 'pass wind' have been better?

 

So, let me see if I get this straight:

1) You don't generate revenue for the bank, since your account balance isn't high enough for them to care about losing your account.
2) Having your account closed at this particular bank would make things inconvenient for you.
3) You're getting upset that the bank won't set aside bank rolls for you.
4) Your response is to cause major inconveniences and costs to the bank by intentionally collecting rolls and dumping them back on the bank.

If I were the branch manager, I'd close out your accounts and issue a cashier's check, then make a note on your file to never open an account for you again, complete with the manager's name and number so other branches know to not open an account for you.

I highly doubt they'll change their policy from one that minimizes CRHers from abusing their branch to one that will create more costs simply in response to your actions. If anything, the bank might make you write your name and account number on each roll, and place a hold on your account until all rolls have been verified.

Side note: For the time/effort you expend in searching rolls and going around to banks to exchange your coins, you could likely dedicate 10 hours per week to a thing called work. If you worked for those 10 extra hours per week, after tax, you'd likely make about $60-$75 a week. After a year, your $55 bank account balance would be up to $3800+, assuming you don't spend that extra $75. Just a thought.

When I did CRH, I would get extremely lucky. I scored 2 rolls of pre-1965 quarters, one roll of pre-1965 halves, half a roll of pre-1971 halves, three Morgans and four Peace dollars. That was over the course of six months, and sorting change for five branches of our stores. I'm pretty sure we went through $500 in change per week, so that's, what, $12k of CRH? Definitely not something I would have done if I weren't already sorting the coins. After six months, I asked the GM why we don't have the bank just sort the coins. He told me Edit :Language rulesYou've been hand sorting the coins for six months? Are you an idiot?!!" So, from that day forth, we just took the coins to the bank to sort. That said, I also got some cool notes over time through the bank. Their counter rejected non-current $5 bills for some reason, so I scored a couple FRNs and red seals.

Anyway, the point is, unless you have a system for sorting and rolling the coins that is fairly automated, CRH is something I leave to cherry pickers and variety searchers. If you're doing it for silver, you're unlikely to off-set the time expended on the endeavour.

 

1) Maybe

2) Yes

3) No - I just don't like that they intentionally give me what they know I don't want (new rolls) when they have what I want (hand rolled coins)

4) I don't know that it would be a "major" inconvenience to them (although I wish it were). As previously stated, I wouldn't dump the coins back on them if they drop their policy of shunning coin roll hunters by only giving out new rolls. If you had read my previous posts you wouldn't have to ask so many questions.

 

I have written my name and account number on the rolls before. I have no problem doing that the times they have asked me to. I also always deposit my rolls instead of exchanging them to dollars. I do that as a convenience for the bank so they don't have to rush to verify the count.

 

Side note: You might want to think before posting. Or at the very least read my prior posts and learn a little about me before making assumptions.

I have a job. I drive a company car. Company pays for gas. In between stops in which I visit client offices I have a lot of "down time". One of the things I do during this down time is pick up some rolls at the bank. It keeps me entertained for free, basically. So no, I'm not wasting "time/effort".

Should I tell this guy or does someone else here want to?

 

I agree. I have previously said you are more likely to make more money working for minimum wage at McDonald's than coin roll hunting.

Nice word use at the end!

 

Side note: For the time/effort you expend in opening your trap in this thread and going around the internet and crying in other threads, you could likely dedicate 10 hours per week to a thing called work. If you worked for those 10 extra hours per week, after tax, you'd likely make about $60-$75 a week. After a year, your $55 bank account balance would be up to $3800+, assuming you don't spend that extra $75. Just a thought.

 

It is actually pretty simple: Give me the rolls I ask for if you have them or I will take my business (both individual and business), including IRA/retirement accounts, savings account, checking account, CDs, etc., and take them to another bank who appreciates my business. There are so many banks, why do you need them in particular?

Edited: And even if your balances are small, I wouldn't let them make a nickel off of my business as a matter of principle. They don't need to comply with your request, but you don't need to bank with them. If the customer service stinks, go elsewhere. It isn't like your request is costing them money. Just don't plot or whine (and I am not accusing you of this per se).

 

Too bad it this wouldn't work for the OP? Or would it? You never know these days...

 

I go to the gas station to get customer wrapped rolls. They are happy to give them to me.

 

It took me 10 minutes to post... at minimum wage, that'd be $2?

 

With those $2 you could get 4 cent rolls. Maybe you find a 1909-S VDB.

 

I figured that might be his reaction too. Maybe then he would give you the rolls to get rid of you.

 

All banks are run as businesses. Even credit unions (where the owners are the members - who may be willing to accept lower returns in exchange for additional services).

Eventually you will run out of banks to rip off. Good luck in your cabin in the woods.

 

I'm just back in UK after a trip around Colorado, Wyoming and South Dakota. I like the state and park quarters and tried to get rolls from a number of banks and was pretty much unsuccessful. Obviously my accent is far from local and the usual reply was that I could withdraw coin cash from my account but not trade notes for rolls. I only asked for one ten dollar roll each time. I found the only place to get them was Walmart and hotels in the guise of wanting them for the laundry.

Ended up with mixed quality and mints and no set of either!

We were told on the Denver Mint tour that the quarter coins are 'best sellers'. There are so manynof them in collections, jars and sofas, they love producing them. It is a shame that banks don't want to hand them out.

 

I understand that it is a business with a sole goal of making money; refusing a simple request from a customer that in no way costs the bank money or significant time is bad form and undermines the primary goal. Also, I don't see how this is an attempt to "rip off" a bank. Moreover, there are dozens of banks (and multiple branches on top of that). Why choose one like this?

 

But that is where you are WRONG. It does cost them money. Everything costs them money. Services that you aren't paying for as a customer.

The floor space to hold your box for the days or week it takes you to pick it up - that costs them money in the size of the vault they had to build and the monthly rent and insurance.

They pay the armored car company to deliver the coins. For a small branch or one without a lot of merchant business your box might be the only thing they order. That's another reason they say no.

They dump all the rolls into a bag and send them out in the armored car to be bulk counted and wrapped. That costs them money.

If they recycle customer wrapped rolls, then there are the claims that the roll that I exchanged $10 for was short - and they have to make good on the 25c or whatever. Again a cost to the bank.

So you want them to spend money that rightfully belongs to the stockholders (or members if a CU) to fund your hobby. As a stockholder, you ARE ripping me off.