Message:

<p>[QUOTE=&quot;gatzdon, post: 262547, member: 8247&quot;]In most major urban areas, banks don&#039;t deal with coins.</p><p><br /></p><p>They collect them and deposit them with the feds.&nbsp; They order fresh rolled coins from the feds.&nbsp; While there is no charge to deposit or withdraw coins from the fed, there is a fee if one deposits and withdraws like denominations within a week.&nbsp;&nbsp; The banks do contract with armored car services to handle the pickup/dropoff activities.&nbsp; Smaller banks may just contract directly with the armored car service and let them figure out where to pickup and dropoff the deposits/withdrawals.</p><p><br /></p><p>It&#039;s all on the Fed&#039;s Cash Handling procedures which can be found on their website. </p><p><br /></p><p>Again the only coins the fed reserve sends back to the US Mint are the ones labelled uncurrent and that decision is handled by the individual banks sending the uncurrent coins to the fed reserve.&nbsp; Most banks find that to be a hassle and if the coin is machine countable, just put then in with the normal coins.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in