Has anyone had access to a bank's vault...legally?

Discussion in 'Paper Money' started by davidw, Mar 5, 2017.

  1. dave_in_delaware

    dave_in_delaware Active Member

    Wow.

    I don't mean to be a jerk about this. Sure, it's something all of us would probably love to have a chance to do.

    But I can't imagine any bank that would allow any of their customers (or friends of an employee) to have authorized access to their vault just to "look for collectible currency & silver coins." Or to even just go behind the counter to look into the vault.

    If this truly is an option at a bank, I guess the laws, regulations, and rules regarding bank security/access and the public isn't what I imagined it was.
     
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  3. anniequilts

    anniequilts Member

    The coin shop I go to is also in an old bank with the good stuff kept in the old vault.
     
  4. saltysam-1

    saltysam-1 Junior Member

    I go into one of my bank's vaults two or three times a year. That's where my safety deposit boxes are. :>)
     
    NOS likes this.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Cant wait to hear the results :)
     
  6. harrync

    harrync Well-Known Member

    Related story I just have to tell. Back in the 40's and 50's, "Mr. Phil" [full name Philpott - I don't remember his first name, everyone just called him Mr. Phil] had access not to just a bank vault, but the Federal Reserve bank vaults. [Of course, he was president of the Texas Bankers Association - that might have had something to do with it.] He managed to pick up things like $50 Federal Reserve Bank Notes. My brother once bought some notes from him. He asked Mr. Phil if a check was OK, because otherwise he would have to use his beat up $1000 bill that had taken him years to get out of circulation. Mr. Phil said of course he'd take a check, but they didn't allow beat up money like that in Texas. He waded it up and tossed it to a teller at his bank, said deposit this. She said "Yes, yes Mr. Philpott." Then he said "I'll replace your $1000 bill with a nice crisp one - which district do you want?"
     
    Last edited: Mar 5, 2017
  7. gsalexan

    gsalexan Intaglio aficionado

    Great story, Harry!
     
  8. lettow

    lettow Senior Member

    About 10 years ago I worked with a local bank in writing the bank's history. They still had sheets of their own Nationals in the vaults which continued to be carried on the books at face value.
     
    saltysam-1 likes this.
  9. saltysam-1

    saltysam-1 Junior Member

    Did you make the slightest suggestion to them about purchasing one? It would have been worth the try.



     
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