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<p>[QUOTE="19Lyds, post: 1095109, member: 15929"]When I was in Colorado I had four separate bank accounts, over and above my regular checking/savings banks (2), which I used solely for ordering coins and dumping coins. All were Kennedy Half Dollars.</p><p> </p><p>I've learned that unless there is a Casino in your area, Kennedy's returned to the bank often sit in the vaults until enough get accumulated to justify a call to get them shipped back to the feds.</p><p> </p><p>One bank I was using specifically for the dumping of coins called and asked me to stop after I'd dumped nearly $10,000 worth of halves. Another branch of the same bank simply held onto what ever I returned to them. They had about $4,000 worth sitting in their vaults all rolled up (by me) and boxed. Shipping coinage through a Security Company can be quite expensive for them. </p><p> </p><p>Banks do have to pay for getting coins securely shipped to and from the Federal Reserve vaults and most don't really appreciate coin collectors since they represent an overhead expense. Coinage that regularly circulates is one thing but coinage that does not is just an overhead burden. Now I suppose if you had about $50 or $100 grand deposited in each of the banks they would not complain but a minimum deposit savings account just won't be enough.</p><p> </p><p>As for "buttering" up the tellers, save your gifts for the "vault teller" since thats the person responsible for ordering and shipping coinage. Sweet talking the Bank Manager or VP wouldn't hurt either since the Vault Teller reports to them.</p><p> </p><p>My experience has also been that most banks will order and provide you with all the Half Dollars your heart desires as long as they are minimum $500 orders. Getting rid of them is a completely different challenge though.</p><p> </p><p>Good Luck in your quest since it sounds like your off to a good start and whatever you do, don't just "mine" for silver. Take some time to look for the many, many Double Die Kennedy's that were produced between 1964 and 1984 as they are out there and quite desireable by most Kennedy collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1095109, member: 15929"]When I was in Colorado I had four separate bank accounts, over and above my regular checking/savings banks (2), which I used solely for ordering coins and dumping coins. All were Kennedy Half Dollars. I've learned that unless there is a Casino in your area, Kennedy's returned to the bank often sit in the vaults until enough get accumulated to justify a call to get them shipped back to the feds. One bank I was using specifically for the dumping of coins called and asked me to stop after I'd dumped nearly $10,000 worth of halves. Another branch of the same bank simply held onto what ever I returned to them. They had about $4,000 worth sitting in their vaults all rolled up (by me) and boxed. Shipping coinage through a Security Company can be quite expensive for them. Banks do have to pay for getting coins securely shipped to and from the Federal Reserve vaults and most don't really appreciate coin collectors since they represent an overhead expense. Coinage that regularly circulates is one thing but coinage that does not is just an overhead burden. Now I suppose if you had about $50 or $100 grand deposited in each of the banks they would not complain but a minimum deposit savings account just won't be enough. As for "buttering" up the tellers, save your gifts for the "vault teller" since thats the person responsible for ordering and shipping coinage. Sweet talking the Bank Manager or VP wouldn't hurt either since the Vault Teller reports to them. My experience has also been that most banks will order and provide you with all the Half Dollars your heart desires as long as they are minimum $500 orders. Getting rid of them is a completely different challenge though. Good Luck in your quest since it sounds like your off to a good start and whatever you do, don't just "mine" for silver. Take some time to look for the many, many Double Die Kennedy's that were produced between 1964 and 1984 as they are out there and quite desireable by most Kennedy collectors.[/QUOTE]
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