Woman cashes 14 $20 gold coins at bank

Or a dollar two eighty. hya:

 

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You also have to consider how much the teller was informed,

I once heard a teller talking behind the counter,

"Oh yeah, this week's gone great, one lady brought in an old Walking Liberty Half dollar, so I told her, you know that these are worth a hundred dollars right?"

Yeah...

You never know, the teller could have not known, thought they were neat, bought them, and took them home. These articles seem to at first biased towards the woman, then the owners.

 

Does anyone else feel like this topic was beaten to death a while ago?

 

A while OMG! If feels so much longer than that.

Besides it depends on the year & condition of that peace dollar. I bet the person was mad when the dealer offered them silver value cause they sell them for $20 or something.

LOL.

 

i thought we were getting ready for round 2. ....

 

Anyone who works at a bank is a crook... didn't the recent crisis teach you anything?

 

i can see it now

 

LMAO! (Laughing my butt off) Good one Aslanmia! Well, played!

 

Round 2: Supposing you're a teller and a business customer hands you a $200-strap of singles and a deposit slip made out for $200 and the machine counts out $201, don't you give that $1 back? But different ethical consideration when it's $200 in halves and you have knowledge one of those is silver and worth over $1 and it happens to be to your personal advantage as a collector/investor to not say anything because the customer then might request that half back? Just trying to understand better how the latter is rationalized, that's all...

 

Completely different.

Most of the infractions talked about here take place right in front of the customer... people talk about "putting things aside" shortly after the customer leaves. If you count the bills in front of the customer and count one extra, you sure as heck better give that dollar back.

 

The difference is that in the first example you mention, the customer hands you 201USD and thinks he handed you 200USD; you are ethically obligated to return 1USD. In the second, the customer hands you 200USD and you deposit that 200USD - end of transaction. As a teller, your primary concern is face value of the money and that is the only ethical obligation you have.

Beyond that, once the money is in the banks possession, you as the teller (or the next customer), can exchange that silver half for 50 cents because the face value is the same. Your bank is not a coin appraiser, they have no obligation to look through all your money to point out rare coins.

If you went to a bank to change a bag of pennies to bills and the teller happens to notice that one of them is a 1955 double die, should they chase you into the parking lot demanding that you return a single and get back the 1955 double die and 99 more cents?

Of course, above I am only talking about the banks' ethical obligation. I'd like to think that the teller, as an individual, would have added ethical and moral obligations, and maybe, just maybe, would chase me to the parking lot with the 1955 cent.

It's a very thin line to walk and trying to say who is in the clear and who was obligated to inform the customer quickly turns into a never ending blame game.

 

If you bring in $200 in half dollars chances are the teller won't notice tif it's silver because they get dumped into a machine to be counted.

It won't be till later when they are being rolled that one might notice the difference in color etc....

 

I hear you guys but remember I’m talking about having knowledge at the time of the deposit, and I’m talking about silver (...OK, I'll extend that to all precious metals). So, throw out that ‘55-D, those star notes (as were mentioned, earlier), and any subsequent “finds,” after the coin is properly the bank’s property, and no longer the customer's. Is that distinction I’m making arbitrary? That’s a fair question. I’m just not that convinced at this point it is. Need to hear more, and [pun coming up], from both sides of the coin.

 

A bank teller should never profit from a customer's mistake. Period.

Now if everyone wants to stay after hours and go through all the bills and coins that came in during the day, fill your boots. But the whole idea of accepting silver coins from old people and putting them aside for yourself, with a big greasy smile on your face the whole time, well that's just rotten.

 

Of course you give back the extra $1 in the strap...because if you don't your $1 over at the end of the day and you get in trouble. That's an extra $1 in legal tender. I wouldn't give back the silver half dollar. As a bank teller, my job was to make deposits for face value. Every now and then someone would deposit a handful of halves and there would be a 40% silver in there and every time I set it aside for myself. Nothing wrong with that.

My job was not to appraise coins...it was to preform bank transactions. If I did anything else I was wasting time on the clock and stealing from the company I worked for.

I wouldn't call depositing money for face value (like a 40% silver half) a mistake.

 

I'm with that 110%.

 

Why is it always an old person (at least its not an old lady this time) who is getting "taken advantage of" in these scenarios. I don't know why you guys think it is a tellers job to sit there and tell each and every customer about the coins they are depositing. I agree, if someone cashed in a $20 double eagle...I'd say something. But a 40% Kennedy...that's crazy. I would set it aside every time without a second thought and then buy it later.

I'll admit, with the star notes. I found most of those after the deposit was made and we had some slow time. I would go through and organize my notes and when I was doing that I would look for stars (most of the time, if I found one during the deposit I'd set it aside). But, with silver halves...every time they were set aside when I spotted them.

 

Supposing they were Morgan Dollars, 20 Morgan Dollars, do you just hand the customer a $20 bill? Do you see? It's not that simple. You either need to do better than that, or just not think about it that hard (that'll work, too, it always does).

I suppose we just say at this point reasonable minds may differ and we just let it go at that, as I really don't know what else I can tell you.

 

In the first scenario...I would. My job was to cash those coins in. I'd hand them a $20 bill if that's what they wanted.

I agree that we will never see eye to eye on this and I'd prefer to just stop talking about it. To that end, this will be my last post in this thread because it is an argument waiting to happen.

 

I'll shutup now too... lol.