The people you buy from on Ebay

You'll never get elected with that attitude!

 

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Well they are counting and rolling coins.

 

But she didn't say what % of the full-time employee's time is spent doing this. I would suspect full-time means they trust him/her to not take personal profits ( bonded)

 

I wouldn't put too much stock in what this teller is saying. How many times have you heard about a company doing this?
Plus she's new... let's give her a tour of the count room at the main bank...

 

According to her, she had been working at a branch in another state and transferred there because of her husband's job. I have no reason to doubt what she said. Very upstanding family, I know them all. Ofcoarse I know that sometimes don't carry much weight.

 

You would think so from a numbers standpoint, but it wouldn't be the first time banks have been known to gamble on something. It's easier to take risks playing with house money (aka deposits) then your own. I am assuming it is more of a local banks since I imagine a national bank would be far more likely to either round it all up for a wholesaler or not care instead of taking the time to sell it themselves. I am just struggling to make the math work on how it could be profitable. Even a minimum wage employee with no benefits would need several ounces of silver sold a day to break even and I don't believe any bank is getting that much silver coinage deposited.

 

They have a full-time employee...

Probably the manager's son.

 

Not saying she's lying. I just imagine it's a friend of a friend thing. Might not hold up under scrutiny.

 

Who says I'm running for anything?

 

I hear ya.... it does, particularly the "full-time employee" deal, sound like a bit of a stretch, but is also why I said "assumption"... and you know what can happen when we assume.

 

I took it to mean someone who works for them full time ALSO has the responsibility of selling the goodies. Unlikely that is all they do.

 

Unlikely that is anything they do.

 

He cleans the toilets in the morning.

 

I like the banks with hot tellers

 

All that employee needs to do is find a 1955 DDO or 1894-S Barber dime (or any other ultra rare coin) in high grade and his salary is paid off for at least several years.

 

Maybe it's an old guy who is semi-retired and just does it for fun and side income and his compensation is a percentage of the profit.

 

That would be hilarious if his official position is "Coin Hunter" and it was on his business card.

 

I hope this bank is located in some backwater third world dollar-a-day type county, with plenty of time off to boot, if a 55 DDO would pay his salary for "at least several years"....

 

Yea the 1955 DDO was a bad example, even in high grade. Lets just say an ultra rare coin. I'll leave it at that.