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<p>[QUOTE="moneycostingmemoney, post: 2764425, member: 86367"]Banks don't order coins from the FED they are ordered from the coin terminal operators, such as Loomis, Fargo, etc. The CTOps send info to the FED as far as volume and need and the FED places the order to have the mints crank coins out. </p><p><br /></p><p><a href="https://www.federalreserve.gov/paymentsystems/coin_about.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.federalreserve.gov/paymentsystems/coin_about.htm" rel="nofollow">https://www.federalreserve.gov/paymentsystems/coin_about.htm</a></p><p><br /></p><p>As I understand it a bank is charged a flat fee for delivery by the CTOps, not per box. I ask the manager or vault custodian to add a box or two of halves to their already scheduled order and when they come in I have 2 days to pick them up or they send them back. I don't bring them back as a bucket or box of coins I reroll them in the same wrappers they came to me in. Given this scenario how can what I'm doing be costing the bank anything more than the time my two visits took? With the heavy usage of online banking much of their brick and mortar operations overhead has transferred to server space that doesn't need vacation time, sick leave, health insurance, etc. So I feel given the technology shift the banks have been making out for a while; they may just have to deal with not raking in the flow they have been for another 5-8, maybe 10, years.[/QUOTE]</p><p><br /></p>
[QUOTE="moneycostingmemoney, post: 2764425, member: 86367"]Banks don't order coins from the FED they are ordered from the coin terminal operators, such as Loomis, Fargo, etc. The CTOps send info to the FED as far as volume and need and the FED places the order to have the mints crank coins out. [url]https://www.federalreserve.gov/paymentsystems/coin_about.htm[/url] As I understand it a bank is charged a flat fee for delivery by the CTOps, not per box. I ask the manager or vault custodian to add a box or two of halves to their already scheduled order and when they come in I have 2 days to pick them up or they send them back. I don't bring them back as a bucket or box of coins I reroll them in the same wrappers they came to me in. Given this scenario how can what I'm doing be costing the bank anything more than the time my two visits took? With the heavy usage of online banking much of their brick and mortar operations overhead has transferred to server space that doesn't need vacation time, sick leave, health insurance, etc. So I feel given the technology shift the banks have been making out for a while; they may just have to deal with not raking in the flow they have been for another 5-8, maybe 10, years.[/QUOTE]
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