Can Bank Tellers put old coins with silver and replace it?

thats really a policy you would find out when you start working at the bank. i wouldn't bring it up in the applying/interview process. 95% of banks don't have a problem with it. its not really a bank policy. it more of a teller thing, i am sure some teller managers might forbid it but as long as you are being ethical about it there shouldn't be a problem. there are no rules saying you have to give a certain penny or dime or dollar to a regular customer. in your drawer you will always have a slot for mutilated money. that's where i would always put notes that i was interested in. as far as coins there are usually extra slots in the drawer for coins. unless its a bank that uses a machine that dispenses the coins to you. of course you cant spend you day while you are working just searching through coins you might like. that will always cause a problem. you just have to be smart about it and figure out when is the best time to do it.

 

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Having worked as a teller, I agree that it's up to the individual branch manager to decide their policy. Usually these aren't set by a corporate office. I'd say to your relative, start working there, get past your 90-day intro period, then bring it to the teller supervisor or branch manager that you'd like to set buy coins from your till from time to time. I always ALWAYS had another teller there with me when I bought anything, and I'd hold it up so the cameras could see me exchanging it. As long as you're not being sneaky...and your manager or supervisor isn't a complete stickler, it should be fine.

 

And I was definitely someone who, on really slow days, would look through the coin sorter bags.

 

lol yes on the slower days was perfect. there are plenty of those working in a bank,

 

The second best coin job I ever had for finding coins was working as a GSTL (basically, the front-end supervisor) for Target. My store had the most cash transactions of any Target in the country while I worked there...and I volunteered for the early morning shifts. Every morning, as I'd put the cash into the registers, I'd dip my hand in each change bin...

I'd look at all the rolls I had in reserve, too...clear plastic...anything silver was GOING into a till.

I think I'd end up with at least 10 silver coins a week from that job. Best one was a silver eagle. Worst day was when someone paid for their stuff with Morgans and silver eagles...to the one cashier who collected coins.

 

I can understand a bank's policy on not allowing employees to "buy" old coins and currency. My employment as a teller ended fairly quickly back in the 70's where I was put in a poor neighborhood bank one day and came up short at the end of the day. I was fired the next.

BoA tellers have offered to sell me silver dollars, etc.. But these days they know what they are worth and want top dollar.

 

Don't ask, don't tell.

 

well if the tellers are trying to "sell" you money and want top dollar then they should get fired. a dollar is a dollar and a quarter is a quarter doesnt matter if its silver or old. they are now abusing their job to make money off the bank. that is definite termination in my book and should be frowned upon at any banking establishment. i had worked at a branch on a saturday and my coworker had a real old man trying to deposit a $1000 bill. the teller was honest and said you know that is worth a lot more than $1000 if you were to sell it. needless to say the old man was grateful the teller had told him that. i would have done the same exact thing in that situation. now if a teller had taken in a $1000 or $500 bill and they werent aware of its value and i saw it at the end of the day, you would be darn tootin i would be the first in line to get that bad boy.

 

Well crossing my fingers this bank lets them keep them. I personally don`t see anything wrong getting coins and then buy the old coins. The bank isn't loosing any money.

 

Frankly Mary Ann (Dawn Wells) looks pretty darn good in that picture that Geezer posted. Especially when you consider that she was 70 years old at the time.

 

How much did you make doing that? Or, how much would you have made if you cashed in at a dealer? How long ago? How often do people deposit silver dollars?

 

Does this go on at Federal Reserve Banks as well? Setting aside currency the employee will trade for later? What about at the Treasury? The gift shop at the mint? Do employees save items for one another regardless of the level they are working at?

 

sure they can, as long as they replace the cash.

 

So if a twenty dollar gold piece comes in do they pay spot or the value stamped on the coin? What about old silver or gold Treasury bills? Face value, market value or spot? Just curious. I am wondering where it's regulated other than stealing.

 

I am a bank manager and I buy stuff from the drawers all the time. Everyone knows I love coin collecting. One of my tellers likes foreign coins, so we keep those for her. I get first dibs on going through any rolls that come in. If someone gets a silver coin in deposit in their drawer, they get first dibs on swapping it out if they want. We do all coin swapping with another teller and we don't take the coins that we keep until they are handed to us by the other teller. That way we aren't in camera swapping our own coins.

 

Actually they are when employees are spending time searching through coins from the coin machine and then rerolling them in the same years. They should be fired. I’m a collector and when I buy rolls from the bank I don’t like them finger fu-ed