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<p>[QUOTE="Fifty, post: 1100723, member: 24555"]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. </p><p> </p><p>The next time you ask for coins think about what you are really asking the bank to do.[/QUOTE]</p><p><br /></p>
[QUOTE="Fifty, post: 1100723, member: 24555"]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.[/QUOTE]
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