Buying Silver from tellers

I talked to a teller yesterday that I've known since she was very young, she went to school with my kids and they are friends. She has a daughter that has had a lot of major medical expenses. I asked her yesterday if she ever found any silver coins to which see replied not often. I told her if she did I'd like to buy them from her and she said she'd try and hold them for me. I told her I would pay her market value for them, but she said she could only sell them to me for face value. I explained that I understood that but if she would buy them for face value which I know a lot of the tellers there do she could make a profit and help with the babies college fund. She seemed interested but what do y'all think about my offer? Fair or foolish?

 

Log in or Sign up to hide this ad.

I think your offer was very fair, but I would have suggested that she discuss your idea with her manager beforehand. I'd hate to see her lose her job because the boss didn't agree with your plan.

Chris

 

Your offer is more than fair. I would suggest, in order to protect her, that she buys them from the bank and meets with you somewhere away from the bank so you can buy them from her.

 

I think it's very likely you're asking her to risk her job over making a few bucks. Something she sees as a negative, while you're thinking it's a positive. You could be on very different wavelengths on this proposal.

 

Your suggestion may very well seem underhanded to her superiors and could cost her the job. I don't recommend this.

Chris

 

It's called a business transaction and it's quite common in my area. As long as the bank has their funds no problem exists.

 

I would be buying them from her away from the bank. They are allowed to buy coins the find in their daily transactions. Most of them keep them until they accumulate enough to take them to the silver buyer. I wouldn't think she'd get fired over this but I don't want her getting into trouble either.

 

I know you're trying to help her but you can always have her put them away in her drawer for you and buy them from her at face. After all, she did suggest that in your original post.

 

'Picked' these up from a teller yesterday @ face. The half appears to be proof.

 

I had a teller give me a silver dime once. I paid face value for it. He said he keeps them for his daughter. I felt bad but took it because it completed the roll of dimes I was hoarding. I am going to give him a silver half to give to his daughter. He'll just have to give me 50 cents from his pocket.

 

Can I get in on this deal??

 

I am suppose to be getting a $1,000 bag of Ikes from the bank tomorrow.
Wish me luck that they actually receive Ikes and not golden dollars, AND that there is some silver in the bag.

 

Pffffffffffff

 

Was there any way to specifically order large dollars instead of the SBA/golden dollars?

 

This has been hashed out before, but basically know your vault teller. They need to call the supplier, ask how to request, and the supplier needs to have them in stock.
Most vault tellers, including mine, say "can't be done" and stonewall you right there.

 

you could always buy it from her at the bank then on her day off give her what you think is fair as a "gift"

 

Give her face value. Once outside of work pay her market price minus the face value. Basically you are just paying her to tell you there are silver coins at the bank if anyone asks.

 

As I suspected, they received golden dollars, not Ikes

 

You called it

 

Unfortunately. And this is after months of trying to get them to order them. No luck at other banks/branches either. You would think that the depository (Loomis) would want to get rid of them.

WHERE ARE ALL THE OLD IKES HIDING?!?!?! LOL No reason for the Treasury, or whomever, to hoard them.