i was wondering if you can buy rolls at banks for face value? __________________________________________________________________ Luc
Luc, Sure you can buy roll's at face value. Now I as what year your interested in. Some Bank's have the current 07 roll's and there at face value. If your interested in buying roll's from previous year's, the price goes up. The price goes up depending on the Demand for that particular year. The Gray Sheet is a good indicator of a Price Guide. Rhubarb
Also, you can buy mixed rolls, which can have coins from any year in them. Often times, collectors will buy mixed rolls at face value to look for old coins and error coins. The oldest coin I ever found in a roll was a 1918 wheat cent earlier this year, and the only really valuable coin was an error coin that was worth over $100 (that is a rare instance, however). I also found a type of cent variety worth about $30, which is another really rare instance. Overall, roll searching is not a profitable hobby, but certainly a very fun one!
Also, collectible coins cannot be purchased for more than face value at a bank. Only the U.S. Mint, coin dealers and private collectors can sell coins for more than face value. If a bank tries to charge you extra for a roll of any denomination of coin, do not pay it. Ask for the manager. If you are a member of the bank, and the manager wants to charge you more, promptly leave and call the main branch on the phone and complain. They have to sell you coins for face value, if you are a member. No ifs, ands or buts. The banks usually have pennies, nickels, dimes and quarters on hand, but sometimes you have to order dollar coins and half dollars. To do that, just ask an employee. If you do so, some banks will tell you to pay extra, but again, that is not correct. Some will, however, tell you to buy the whole box, which is sort of a grey area. Well, good luck if you decide to pursue roll searching, or what I call the hobby of kings with less resources than others.
Not sure where you live but banks are supposed to be Federal which means regardless of local laws they must abide by the Federal Laws. All coins sold are for face value. You should be able to buy coins in rolls, bags, boxes, etc from almost any bank. There is a slight problem though. You must remember that if you ask for an unreasonable amoiunt of coins, the teller would possibly have to go to the main vault for them. This means locking up everything, possibly contacting someone to go to the vault if not authorized, etc. If the bank is busy, you may tie up many customers with your request so if not a steady, well known customer, you may get a sorry, we don't have them right now. May be t rue, not there at that tellers location right now. In summation, if you want something special from a bank, become a steady customer, marry a bank teller, become a bank teller, go only during off hours, always be nice to tellers. And even if you don't marry one, you may marry someone that has a relative working there.
Also, for the "Do-it-yourselfer" you could go to the bank during after-hours. Which means disarming the security alarm, picking locks, avoiding security cameras and eventually cracking the safe. By that time you're probably surrounded by State Police, Local Police, FBI and most of the neighborhood. All of that for a few rolls of half dollars. On second thought, maybe its not a good idea.
Your wrong there. It may well be a good idea. Imagine all the professional types you would meet in jail. And the possibilities of meeting a criminal that has stolen coins and has them stashed somewhere. Much better than trying to learn of your mistakes by yourself. Ask an expert.
Well, "Location: Winnipeg, manitoba" sounds pretty darn Canadian to me. But the question remains, does Luc want "fresh" rolls from the mint, or regular "mixed" bank rolls? Christian
Actually, they can if they want to. It has been competition and bank policy that has curbed such practice. Many banks actually have a fee schedule that indicates that rolls for customers are available at no charge and for a small fee to non-customers. Ask for this fee schedule first and have it in hand when ordering your first rolls. If any bank employee tries to charge a fee (which sometimes happens for LARGE requests), you'll have the fee schedule in hand to point out that they ADVERTISE there is no fee for rolled coins.
here is a website that tells you what to keep for all of you who do not know. it also lists all of the current errors.
