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Where do you buy your rolled coin? - US Bank charged my account $20.00 afterward!
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<p>[QUOTE="dannic113, post: 1336106, member: 35203"]Let me lend this thought to your delemma. 1)a bank nor does the federal reserve have to honor any request for rolls, new coins or currency. They only have to have enough of the old stuff on hand to do day to day business. 2)as such banks can levy fees for doing the service of giving you their stock piles of coins. It stinks yes, but that's the federal reserve for ya. Even though you are doing it from a collector prospective the banks look at you as a business that need rolls upon rolls of change and charge the same. 3)the only exceptions to this are coins that are declared to be "commemorative". From my understanding this means that they have to order coins for customers for the 2009 lincoln rolls, the sacagawea's seeing that the reverse changes year to year as well as the presidential rolls. You still may not get them though if the fed doesn't have any to send. I know the state quarters didn't qualify and I'm not sure if the america the beautiful do either. However I do not know if they can charge service fees for doing so. Most if not all of the coins can be ordered via roll from the usmint, and many decent brick and mortar coin shops sell them with only a 1-5 dollar over face premium for the rolls. Depending on denomination. Unless they are hard to come by and can't get them like the 09 dime's and nickels. Community banks, credit unions and even some people get to know their local check cashing/currency exchanges as many that do a regular business get armour car deliveries from the fed or banks. Bottom line large corporate banks won't do it you're small potatoes to them.[/QUOTE]</p><p><br /></p>
[QUOTE="dannic113, post: 1336106, member: 35203"]Let me lend this thought to your delemma. 1)a bank nor does the federal reserve have to honor any request for rolls, new coins or currency. They only have to have enough of the old stuff on hand to do day to day business. 2)as such banks can levy fees for doing the service of giving you their stock piles of coins. It stinks yes, but that's the federal reserve for ya. Even though you are doing it from a collector prospective the banks look at you as a business that need rolls upon rolls of change and charge the same. 3)the only exceptions to this are coins that are declared to be "commemorative". From my understanding this means that they have to order coins for customers for the 2009 lincoln rolls, the sacagawea's seeing that the reverse changes year to year as well as the presidential rolls. You still may not get them though if the fed doesn't have any to send. I know the state quarters didn't qualify and I'm not sure if the america the beautiful do either. However I do not know if they can charge service fees for doing so. Most if not all of the coins can be ordered via roll from the usmint, and many decent brick and mortar coin shops sell them with only a 1-5 dollar over face premium for the rolls. Depending on denomination. Unless they are hard to come by and can't get them like the 09 dime's and nickels. Community banks, credit unions and even some people get to know their local check cashing/currency exchanges as many that do a regular business get armour car deliveries from the fed or banks. Bottom line large corporate banks won't do it you're small potatoes to them.[/QUOTE]
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Where do you buy your rolled coin? - US Bank charged my account $20.00 afterward!
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