The Spoils of Working at a Bank

Today was an especially good day at the bank. I received 8 1935A $1 Silver Certificates (I have been working at this bank for 4 months now...and these are the first that I have seen come through). Even better, 2 of them were consecutive (first 2 shown).

I also picked up a well circulated 1950B San Francisco $20 FRN. I don't think its anything overly special, but I didn't have an old $20 note in my collection yet so I decided to get it. I almost let go, but I decided that I rarely see one that old...and I can always spend it later if needed.

Also, I know that some of the Silver Certs can be more rare based on the block letters. Can anyone tell me if any of these carry a premium? I have been trying to look them up in my Schwartz/Lindquist 8th edition, but I'm still learning this hobby. Thanks!!!

Enjoy:

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WoW, nice finds congrats

 

I'm jealous!! (that's really a compliment!!)

 

i echo gatzdon, only i get jealuous alot lol

Very nice day at work, for sure!!!

 

Superb!! NIce finds for todays time and place. Gosh, that darn paper clip!!

RickieB

 

Are you a teller? When I worked in the main vault of a bank, I found some nice ones. 18 errored $1 bills that I bought 2 and made about $120 on them when the security guard and myself sold them

 

thats a pretty cool find! here is what the prices for the blue seal 1935A bills

Dealer Buying Price-$2
GOOD-$3.50
V. FINE- $4
UNC.-$20

:kewl::kewl:btw, that $20 is worth somewhere around $22.

 

Congrats - Great finds! :thumb:

 

Man, wow, great pickups! Congrats man! :thumb:

Phoenix

 

Awsome finds! I wish I could work at a bank. Too bad I would have any money then, lol.

 

My wife has aninterview at a bank today. Some foreign purchasing thingy or another. Im not sure of the position she is interviewing for. BUT i told her if/when she got the job, to become friendly with the cashiers lol

 

When working at a bank, you have to have a very cooperative Teller Supervisor and Vault Teller as they can put the brakes on searching/buying anything that isn't already in your drawer.

 

I don't go through the vault. I mainly keep an eye on my own drawer...and my fellow tellers know to keep their eyes open. They set aside things that they find for me to look at. If I find something in my drawer, I have to sell it to one of them so I can withdraw it over the counter. I can't ever withdraw out of my drawer. If they find something, I can withdraw it from them. Thats how I got all the silver certs, another teller got them and immediately asked me what they were (he didn't think they were real money at first). I told him they were and to set them aside.

The $20 came from my drawer, and I sold it to another teller and withdrew it from him.

But, my teller coordinator is a wonderful person. Also, I almost became the vault teller but since I'm leaving in August to start school...they gave the position to someone else.

 

That's strange that you need to transfer it to another drawer to buy it, unless you are cashing a check to do so. Swapping out a like-for-like same denomination bill in your drawer should have no impact on anything. the balance and audit would yield the same results had you done nothing.

 

its not weird at all - i would assume he would have to follow this procedure for the same reasons cashiers at stores cannot cash them selves out when buying food and snacks. it is to cut down on theft and other trickery. every day everyone has to follow procedures at their workplace which may seem unneccesary - but the masses are forced to follow them to prevent a few from taking advantage of them.

 

It is simply maintaining the appearance of propriety.
Ya don't want anyone to think that you are doing anything wrong.

 

Unlike the cashier in a convenience store, grocery store, or walmart, there are dual controls on all tellers and what they have access to.

A teller is responsible for their drawer. PERIOD. It is considered unprofessional for anyone else to go into their drawer. A tellers drawer stays with them and at most banks is locked in the vault when the teller is not working. There are procedures to access the drawer without the teller present, but most banks would not invoke such a procedure unless there were some extenuating circumstances.

If a teller's drawer was short for some reason, it would show itself within a week (depending on how frequent a bank audits it's teller's drawers) and reflect upon the teller's ability to manage cash. Most of the banks I have visited, do not use the cash in/cash out tickets to swap cash between tellers (as they may do when I'm buying all the $2 bills in the bank). When I do see them doing it, it's usually because the tellers didn't receive cash in exchange for their $2's.

Now if the OP was writing checks to buy the cash, then yes, every bank I know of does not permit a teller to process their own financial transactions.

One caveat, what I have written above is a reflection of the many banks I have dealt with, but there are always new things to surprise me.

 

At my bank, we are not allowed to do any work with our own accounts. So, if I want to make a withdrawal...I need to do it from another teller...its just a conflict of interests. To get the bill I want, I need that teller to have it. Officially, we should do a buy/sell to transfer the money...but we usually just trade bills as it saves time.

But, yes, we are solely responsible for the money in our drawers. At the end of the day, it is locked in a rolling cart in my compartment to which only I have the key (except for the copy with is held in the vault and can only be accessed by dual control using 2 keys). That rolling cart is placed in the vault.

We don't have weekly audits of your drawers. With the newer computer systems, we do a daily balance at the end of the day before we sign out...since the computer tracks all of the transactions it knows how much money we should have. At that point we know if we are over or short. For example, I have one of the best balancing records at my bank. However, today I posted by biggest offage. At the end of the day I was $20 over. I must have shorted someone a $20 during the day at some point. :headbang: But, its not a big deal as in the banks eyes thats a small offage and with my record...they thought it was funny because it upset me so much.

 

If you are a frontline teller (or worse frontline AND Drivethrough) that's pretty good.

I've found that the biggest risk with currency counters is that they are more likely to count two bills as one rather short the count. If you processed a large cash deposit from a customer using a cheap counter, that could explain it. You never want to be the one who actually shorted the customer, it's a bad feeling.

I'm amazed at how often I'm in a branch and overhear a teller tell a business customer that their deposit is "off" from what they wrote on their deposit slips and wonder to myself "there can't be that many people out that that can't count?".