Issues depositing half dollars

Is anyone experiencing difficulties on depositing half dollars once they have been searched? I get 2 boxes a week from PNC and last week, when I went to deposit at WF, I was told they could not take it because other ppl returned half dollar boxes and they had no room in the vault. (They recommended another WF branch in the area).

Today I went to another PNC branch (not the one I order from) and immediately I was told I cannot deposit since I ordered from that branch. I said I did not and she still refused, saying someone else is sh**ing where they eat and they have to count all the coins. I was adament that I was only depositing and she said to take it back where I got it from.

I have a checking account with PNC and WF. I usually deposit at WF but this PNC branch was on my way to something. Did I do anything wrong or anyone else deal with these issues?

 

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Wow
I’m curious on others replies ...

 

Nothing wrong. Just welcome to the world of coin roll hunting.

You need to find a friendly bank at which to dump. Preferably one where you have some money in an account, mortgage, etc.

And yes, never dump where you get the coins in the first place. That should be, like, rule #1 in the list of what to do and not do.

 

I don't do roll searching. However what I do is keep my change for a semi-annual deposit. Usually ends up being $400.00-$500.00 in change. Makes for one heavy haul..... But, I always pre-roll the change and carry it to the bank where I do all my regular business. If I carried $400.00 of unrolled change to the bank for a teller to count, I would expect a negative response. Are you not putting the halves into rolls for them?

 

I have been doing CRH for a couple months and wondered if this is the norm. I thought since it is legal tender, they have to let me deposit it (looks like Im naive lol). I have a couple banks that are friendly but felt bad always giving them my leftovers.

 

The phrase 'Legal Tender' only applies to debts.
No one is legally obligated to take your money, no matter
how it is tendered, unless you are attempting to pay a debt.

 

I agree and I rolled them before I went

 

I want to stress that I wrote "no matter how it is tendered".
It doesn't matter that they are rolled. The bank has absolutely
no obligation to accept your coins.

 

I agree, especially with your legal tender post. In fact, coinage used to be very limited even for legal tender. I am not sure if they still are or not. This comes up here sometimes when people get mad when stores only accept credit cards, and not cash. Nothing at all requires them to take cash. Now, if they do not mention it and you go in and incur a debt, (ordering and eating food), THEN they are legally required to accept legal tender as legal payment. But go into a store to buy something and they can refuse to sell you an item in exchange for cash all they want.

 

Just like was already said. It is a pain for banks to deal with so many crh's these days I'm sure but, you'd think that the profit they generate overall that they would put up with it yet many and many more are not. It's a product of the 'too big to fail' attitude in all its ugliness. Just find a more friendly bank and boycott the big boys. It's all you can do.

 

I can’t believe there still are ANY banks that handle CRH’ers. I would have thought that particular poo had impacted the whirring blades long ago.

 

The solution for banks and the government, which has an ever-increasing supply of half dollars due to their decline in usage at casinos, is for them to be discontinued from being distributed in circulation (which unfortunately will require congressional approval) and all extant supplies to be destroyed.

Now, don't get me wrong. I like half dollars from a collecting point of view. However, when the only demand for a monetary instrument is to mine them for a semi-precious metal, it is a sign that it is long since time to say goodbye. Banks will be happy for not having to deal with and handle these heavy and cumbersome coins and the government will be happy for not having to pay millions on an annual basis to store them. Ditto for logistical cash companies not having to mess about transporting, counting, rolling and boxing what are essentially boat anchors.

 

The problem is that the tellers themselves have to do the work.
1. They cannot return half dollars until they have a full box so they must hang onto partials.
2. The teller must Unroll your whole box of coins into a bag before Brinks or Loomis will pick them up.

You should sweeten the deal with Cookies, brownies, coffee or donuts with every drop off.

 

You're correct I suppose. Just seems that in these timers, that 'too big to fail' attitude expressed by so many institutions (that are able to lend out many, many times their actual assets) would take a little bit different tact but, oh well. That is the world we live in nowadays. The exponential profit driven mentality they seem to display drives me a bit nuts. Maybe hunters could give the banks toasters like they used to give all of us? It was supposed to work the other way around, wasn't it?

 

Take them with you and slowly let them off. I find Walmart will take 10 or so towards a purchase. Others will too. If you can't pass that much cash, you are CRH too much. Yes , at one time, 15 years ago, I could find a box of halves, half silver, but that stopped by 2010. Today people feel very lucky if they find 2 -4, and they should as even the banks suppliers search for silver as they re-wrap to put out again. One of the Guarda carriers said they were even thinking of stopping that as the bank cashiers are no dumbies, and they put incoming silver from Grandma in their holding to exchange for paper before leaving. You make more working at a fast food and then buying bullion. IMO. Jim

 

Just for the record, I gave up coin roll hunting 10 years ago. I did do quite well prior to that and that's the reference I am personally referring to. Today, hunting isn't worth the time, in my opinion. Far as working at fast food, I wouldn't suggest to my worst enemy. (okay, maybe to my worst enemy). In my hunting days, I pulled rolls upon rolls and so when it began trickling downward, I suppose like a spoiled child, I quit. I still enjoy reading about other people's hunting ventures though.

 

My reply was to another poster. My phone didnt reply and made a standard post. Thank you for explaining the legal tender portion.

 

That is pretty absurd logic. So I will have to have 50 transactions using 10 half dollars to spend $500. I guess everyone who is CRH half dollars is doing it too much then. Yeah finding silver is great but so is finding NIFCs, 87's, '74 DDOs, etc.

Not sure why people in the CRH thread are bashing the process to CRH.

 

I didn't mean to bash in myself. I enjoyed it when I did it. Just not profitable enough to warrant the time and hoops the banks make you jump through versus what you likely won't find in any quantity. If you like it, more power to you!

 

I don't think putting it into rolls helps them.
People have put one quarter glued to each end of a round metal bar, and pass it off
as a roll of quarters.
Fraud aside, rolls are often short. So they have to unroll and machine count all your coins anyway. That's a lot of work for no money for them.
Use their coin counter (my credit union has a machine, similar to a Coin Star) you dump your coins in, it gets counted, you get a receipt, you take it to the teller, and they deposit it into your account.