We're required to tell customers if their coins are worth more than face value, says the bank teller

Discussion in 'Coin Roll Hunting' started by myownprivy, Dec 15, 2019.

  1. myownprivy

    myownprivy Well-Known Member

    Ever heard this one before?
     
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  3. masterswimmer

    masterswimmer Well-Known Member

    Not in this neck o' the woods.
     
  4. ace71499

    ace71499 Young Numismatic

    That's interesting. I have not heard this before and am at the bank often. I've even gotten 2 Morgans directly from a teller.

    It's an interesting policy i guess. Kind of nice to the consumer, but something seems fishy (like the teller is keeping all the loot to themselves).
     
    NOS likes this.
  5. Legomaster1

    Legomaster1 Cointalk Patron

    Never heard this before. But, then again, when I asked for half dollars at my bank just last week, the teller sifted through all of them before giving them out.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Cool! I wonder what variety references they check against as they're examining each cent under a microscope? :rolleyes:
     
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  7. tommyc03

    tommyc03 Senior Member

    Never heard this. My tellers are too smart. They know me and a profit they can make.
     
  8. Dave M

    Dave M Francophiliac

    Seems like a decent bank policy. Saves the old lady depositing all her "old" coins from getting screwed if the teller knows what's happening.
     
    Heater likes this.
  9. NOS

    NOS Former Coin Hoarder

    It sounds like they are giving you a line but I will say tellers have told me stories how (typically older) people have tried to obliviously exchange/deposit collections comprising obviously valuable Bust or Seated Liberty coins, for example. They were told they should bring them to a coin store to be evaluated as they are worth more than just redeeming for face value.
     
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  10. -jeffB

    -jeffB Greshams LEO Supporter

    Yep, and I've also heard of the little old lady saying "no, I don't trust coin shops". I don't automatically trust them either -- but I generally trust them to give me more than face value.

    I'm currently going through a hoard a friend inherited from her father. She picked out some of the better coins, the ones annotated with values, and split them up among her nephews (grown, I assume). They immediately cashed them in at banks. It's what most "normal" people do with money -- that, or, you know, spend it.
     
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  11. Islander80-83

    Islander80-83 Well-Known Member

    I don't know about any requirements, rules or regulations. Obviously, some tellers are more knowledgeable than others and know what they're handling. If a teller is honest and knows the difference between junk clad and silver, why not?

    I've had tellers tell me they have handed silver coins back to costumers, explaining they are silver and worth more then face.
     
    Last edited: Dec 15, 2019
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  12. myownprivy

    myownprivy Well-Known Member

    Essentially my response to the teller who said that. "Oh, so you're aware of the numismatic value and metal value of every coin?" "Even I'm not aware of that for most items"
     
    Last edited: Dec 15, 2019
  13. tommyc03

    tommyc03 Senior Member

    So, you seem to have a problem with people who are overweight?
     
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  14. myownprivy

    myownprivy Well-Known Member

    No, she was a she, she was fat, and she was a teller. Those were all descriptors of the person I've already mentioned in the posts. What makes you think I have a problem with her weight because I noted she was fat? Do you think I had a problem with her being a she just because I mentioned she was a she?

    It's not like I said I was going to try to buy her off with chocolate holiday coins! Or that it bothers me all the other (normal sized) tellers had to stand while she had a stool. No, I didn't say any of that! Not at all!
     
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  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    I've never heard that but it could be the banks policy or just the manager of the bank instructing the tellers to do this to perform customer service. Most of us end up training the tellers.

    What's up with the fat comment? Completely unnecessary. Certainly not called for!
     
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  16. imrich

    imrich Supporter! Supporter

    Probably just the majority who've greater intelligence and morals. JMHO
     
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  17. Inspector43

    Inspector43 72 Year Collector

    The tellers always tell me that they can't exchange their own cash to take coins from the bank for their own use. There was a teller at my bank that had a daughter interested in coins. I brought a Buffalo Nickel and an Indian Head Penny for her to give to her daughter. I had to sell them to a different teller and that teller had to sell them back to the other.
     
  18. myownprivy

    myownprivy Well-Known Member

    Yep!
     
  19. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    My sister is an Assistant Branch Manager at a credit union in Texas, and she says that in the vault, they have a box called "funny money"
    They put any coins or currency that they wouldn't prefer to give to customers, IE bills with lots of writing, damaged or sometimes old money but she says most of the funny money is junk.
     
  20. hotwheelsearl

    hotwheelsearl Well-Known Member

  21. hotwheelsearl

    hotwheelsearl Well-Known Member

    If someone calls someone fat, then they're probably REALLY fat. Nobody calls a slightly pudgy lady fat, but I don't think anybody would bat an eye if I referred to the local 350-pounder as a "fat lady"
     
    Evan Saltis likes this.
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