Past 2 days at my credit union

You just have to find a nice teller. I had a bunch of customers I liked when I worked as a teller...if they were pleasant to deal with it was fine. I never got any "tasty treats" and in fact, we weren't allowed to accept any gifts like that from a customer.

 

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The credit union I deal with, does not order coins at all from the Feds. The depend on their customers to supply the coins they need and use. IE they have a coin star type machine in the lobby, and every week they pay to have them shipped out, of course that is after they get what they need out of the machine. If I call them the day before they are shipped out (yes they informed me of which day I should call) they would put a bag of what ever denomination I request aside for me.
They told me that they would rather have me pay them for the coins at face and have me tote the bag away, then paying the premium they pay the armored car service to tote them away.

To order halves, I have a account at a regular bank and if I place an order by Tuesday they will be in the next tuesday.

Dave

 

Ive had bank tellers tell me to order halves on the mint website and it makes me laugh. They dont actually get them from the fed anymore either by the way.... the fed stopped dealing with coins a while back, its jjust companies like brinks. If you have a bank of America around they will order them for you no questions asked... then dump them at other banks (rotating where you go) trust me... ive searched over 100k in coins, I know how it works.

 

This topic reminded me of what is perhaps my most ridiculous numismatic stunt (to date). From late 2003 through early 2005, I searched through about 1.1 million pennies (over $11,000 worth) in bank rolls. I did it realizing that 2009 would be the "year of the Lincoln cent," and that given that I live in the SF Bay Area, there was a decent chance that I'd find a reasonable number of the 'S' mints that were always exciting to find as a kid growing up in Syracuse, NY.

Anyway, I used about 10 branches regularly of a large, national, retail bank, and never went into any given branch more than once a week. It got to the point where I got to know several of the tellers, some of whom actually started to save rolls for me that were brought in by customers. For example, one day I got 4 rolls of AU/MS 51-S through 54-S cents, which had been set aside for me by one of these tellers.

In the course of the year, I pulled out over $100 in wheat cents,including about 10 Indian head cents (no good ones), and not including about $30 worth of 56-D, 57-D, and 58-D cents (I did keep these, though, and 2 of them were 56-D RPMs).

During this entire period, I took great pains to minimize my imposition on the tellers and the bank. Even though many of the bank employees thought it was a bit weird at first, as I got to know them, they proved not only to be not an impediment, but downright helpful!

 

Its not safe ordering coins directly from a bank since they might watch and report everything you been doing: transactions, withdrawn, especially when there is a talk about Real Money. So be careful even talking about real money in a bank it's not safe anymore.

 

This is not even remotely true. The only time any kind of report is made is if there is a very large cash transaction...I mean in excess of $10K.

 

Better safe than sorry...

If I am right, people will be safer, if you're wrong, people will have a problem.

So have your pick.

 

Actually, some banks thresholds for reporting are a $5,000.

 

Federal law requires a CTR to be filed for any $10K cash transaction or a MICL to be filed for any cash purchase of a monetary instrument (cashier's checks, traveler's checks, ect) between $3K and $10K. This is mandated by federal law under the Bank Secrecy Act of 1970. They don't report "everything to are doing" to big brother.

I would love to see some evidence to show that I am wrong.