asking for bank rolls

I went to the bank yesterday and asked the teller for $25 in cents. You should have seen her expression. It still makes me laugh.

 

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I've done that so many times that they know me by name now

 

Most nice banks will order coins for your but the key word is ORDER. They keep a certain amount of certain denominations in stock to conduct business but normally they don't have alot of extra coins just to give out unless someone cashes a bunch in. Coins and currency are an inventory just like paint and lumber, banks have to manage it. I think many collectors don't understand this concept. Banks order coins for their vendor customers but if you come in and start asking for coins it can mess up their inventory. When banks order coins or cash for that matter thier reserve account at the Fed is debited. Banks earn no interest on vault coins/cash. Coins are accounted for differently than currency on the books of the Fed. Coins are an assett and are no one's liability (nothing has changed in this respect since our country's founding). Currency however is mostly made up of Federal Reserve Notes and are liabilities of the Fed specfically the branch that issued them. The Fed maintains a tight control of cash in circulation for this reason.

The next time you ask for coins think about what you are really asking the bank to do.

 

I usually phrase it something like, "Could you guys spare a box of nickels?" and I've hardly ever been shot down, and even then it's due to the fact that they only have one box and might need it for a buisinness which I can understand. When I walk into one bank they instantly look to their trays to see if they have any halves, lol. The tellers are good people to make friends with.

 

When I have had good finds in bags or boxes I bring the tellers donuts. I haven't told them why yet.

 

Doughnuts huh. If I was a teller that would work for me. I'd be fat and you'd be rich, lol.
zeke

 

Nice!

 

Strange...........I don't have any problems. In fact I just got $38 in CWRs last week at a bank I have never been inside before.

 

I found that if you take your dump coins in already rolled, they will usually swap or buy all those and then sell you more even. Understanding that they must have change for daily business and working with that has gotten me a lot of cooperation.

 

Naw, not with me. Just got done posting in another thread about me striking out at a BOA because I didn't have an Account.

zeke

 

Sometimes banks have given me their last box. What is weird is when banks, like TD, who you can buy boxes from throughout the day turn you down at one branch and not at another. I had one bank that began ordering them for me because I would call for boxes so ofter, they didn't tell me they were doing that until later, very nice and accommodating. Some bank employees can be rude, and tricky when it comes to their company's policy.

 

I have started doing something similar but in a smaller scale. I started caring around a couple dollars in searched cents around with me, and when I go in to a store that has there penny's out and easy to get to I ask if I can trade out my searched rolls for sealed rolls.

 

I have had mixed luck when I ask tellers if they have any new coins in rolls. Most tell me that they can not order new coins and don't have any. Sometimes they will look for me and come up with some and say, "Oh, didn't notice that they were new". Most of the time I strike out, but it is a good day when I do find something new. Recently found 2011-P nickel rolls-was a great day.

 

When a teller tells me I can't buy any rolls, I make this face:

 

haha i just bought my first rolls today, and the guy looked at me funny because im only 16 and i was wearing my weightlifting clothes. i dont have an account but i only got 3 rolls so it didnt matter,

 

It's not a good idea to dump where you pick up. You'll end up searching your own rolls over. And even if you mark them, then you still are stuck with your own rolls and will need to find a place to unload them.

Go to banks that do a lot of commercial transactions. They usually have a good amount of coins in boxes.

 

Yes, when my bank went from a locally owned to a BOA years ago the changes were very evident. The same tellers who were very helpful previously did not know you any longer. Instead of walking in and getting a loan, it now had to be approved from 'out of town'. They even turned down loans to people who had been borrowing there for generations. Thankfully there were still two locally owned banks. Now you cannot even turn in rolled coins, they have to be 'sent off and you will be credited in two or three days'. But, thankfully, the locally owned banks will accept rolled coins.

 

You can buy rolls from td bank I didn't know that I'll tell my dad to pick me up 20 in quarters and 5 in pennies

 

Yes when I've first started this the tellers face looks like why are you doing this. Where did you come from??? I go to 3 around my area. And they all like me now Cause I share my findings to them to show them why I do this and why it's so fun. They're amazed. They know me by name and everything.

 

No. You mark them with a pin.. and tell them you marked them so you won't search your own rills.