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Woman cashes 14 $20 gold coins at bank
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<p>[QUOTE="jgreenhood, post: 560622, member: 17030"]Actually believe it or not the bank is not required to tell you it's worth more than face & they can only pay face value for the coins. </p><p><br /></p><p>Also banks have contracts to sell all & any silver to a large dealer who is required to pay for it all at once. They can not hold silver coins back for an individual. </p><p><br /></p><p>Most banks will not hold types of coins or bills for an individual. Only exceptions have been with small banks that know you. Also most of those bills & coins are so beat up they are only worth face. With the exception of the 1979 Susan B. </p><p><br /></p><p>I know this sounds mean but she only wanted $20 for them & that's what she got! You can't save dumb people from being dumb. Now granted if I'd been the teller I would have told her. Unless bank policy says he can't pay them what they paid for the coins I don't see why they should have fired them.[/QUOTE]</p><p><br /></p>
[QUOTE="jgreenhood, post: 560622, member: 17030"]Actually believe it or not the bank is not required to tell you it's worth more than face & they can only pay face value for the coins. Also banks have contracts to sell all & any silver to a large dealer who is required to pay for it all at once. They can not hold silver coins back for an individual. Most banks will not hold types of coins or bills for an individual. Only exceptions have been with small banks that know you. Also most of those bills & coins are so beat up they are only worth face. With the exception of the 1979 Susan B. I know this sounds mean but she only wanted $20 for them & that's what she got! You can't save dumb people from being dumb. Now granted if I'd been the teller I would have told her. Unless bank policy says he can't pay them what they paid for the coins I don't see why they should have fired them.[/QUOTE]
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