My pick-up bank told me its perfectly alright to bring my searched boxes back and they'll order me new ones. Has this ever worked out for anyone else in the long run? Most of the tellers are interested in my finds and one of them collects currency and asks a lot about coins. One of the bankers comes over to take a look sometimes too. So they seem pretty cool about it. Will it last? Will their vault fill up with my boxes? Will they get tired of doing me these favors?
You probably won't overfill a bank, they either use the coins in general commerce or they will be transferred around to other branches.
Seems like you have a very nice bank, @bchimself. Good luck in your coin roll hunting, and make sure to post some of your finds!
Before the price of silver soared into the $40's, I was ordering two boxes of half dollars every week from my BoA branch for years. They even supplied me the wrappers, and I would re-roll them and return them to my branch. The tellers and the management never complained. Oddly enough, I began to think that some of the coins looked vaguely familiar, and I could swear that I had seen some of these coins before. Of course, this couldn't be possible. Right? There are surely hundreds of thousands of half dollars floating around in the Federal Reserve System and in all of the other banks and armored car services in my region. So, one day, as I was engaged in a casual conversation with Laurie, the head teller, I made mention of this. This didn't seem to come as any surprise to her. As a matter of fact, she nonchalantly informed me that BoA in Florida has a central storage facility to process orders for coins needed by all of the BoA banks, and that coins of all denominations are recirculated and re-wrapped in this facility. The only time that coins are ordered from the Fed is when the supply at the storage facility runs low. Yep! I wasn't imagining things! I don't know exactly how many years it took, but I really must have searched through every half dollar in their system. It was fortunate for me that it wasn't long after that the price of silver skyrocketed to that amazing high in the $40's because I sold all of my junk silver and stopped searching boxes from BoA. Chris
".....the price of silver skyrocketed to that amazing high in the $40's" That had to be about 2011, was it not? or was it the time before that in the '70's when the Hunt Bros. did a silver marketing scam that ran the price up?
I do not think it wise to bring coins you search back to the same bank you picked them up from. You run the risk of getting the same coins over and over.
@paddyman98 A few years ago, our local stations in SWFL aired the story of the "Boagator". Both animals were found dead. The gator, about 10 feet, had been partially swallowed by the boa but either the claws or tough hide of the gator had ripped the boa's insides apart. We also have a problem with Nile monitor lizards. I spotted one in our neighborhood of Cape Coral that was about 6' long. Chris
If you say so. Though I imagine a bank not reacting kindly to such specific demands that cost them money. When I (used to) go to banks, I’d simply ask for everything they had on hand. I find this whole box ordering thing a bit too tedious for my taste. I prefer my coins to come in bags.
That's kind of how I got started collecting coins. Back in the 70s I would take $2 or $3 to the bank and buy penny rolls. I would search them for wheat cents and then replace those and go trade the penny rolls for different ones and do it again. I got my first 50 or so wheat cents that way.
Hi Chris, I’m in Florida also. I suspected the same thing. The halves I was searching looked familiar. When 2 bags I ordered came back marked, St Pete Money Center I asked the teller. Some banks/branches get their coin processing done by them so I suspect there is a good amount of recirculating going on. I know some Wells Fargo branches use them and some BofA as well.