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  1. #1
    us
    Jan 2012
    69
    Coin Roll Hunting

    Question about how you treat your dump banks

    I've noticed on many posts that people talk about being extra kind to banks that order coins. is that really where the emphasis should be for someone that only orders a box of halves a week? I look at the prospects of dumping my coins, and so far they are dim as no place seems to have free coin counting machines (best I've found yet is 3% fee). Maybe the key is to be extra nice to the people who are willing to take the discards. Managers at hte dump bank seem the most likely to start charging fees or cut you off all together. I've read many posts from people who had a bad experience that then "punish" that bank by dumping the coins there. Wouldn't it be just as good to be extra kind to them by giving the occasional token of gratitude? I'd love to hear thoughts as I'm completely new to this.
    Thanks!

  2. #2
    us
    Sir

    Oct 2011
    Rubber room
    487
    5 times
    coin roll hunting

    Re: Question about how you treat your dump banks

    I think most people are kind to both dump and pick up banks. I bring both of them treats. However, if I had to lose one, I'd rather lose a dump bank. I can always drive another 5 miles to get another one. My pick up banks have my system down. I can change my order, and order as much as I want. I don't want to lose that, so they get priority
    Doomsday Prepper

  3. #3
    us
    Dec 2011
    Constant state of misery
    545
    2 times
    Coin Roll Hunting

    Re: Question about how you treat your dump banks

    Quote Originally Posted by n8dagr8345
    I think most people are kind to both dump and pick up banks. I bring both of them treats. However, if I had to lose one, I'd rather lose a dump bank. I can always drive another 5 miles to get another one. My pick up banks have my system down. I can change my order, and order as much as I want. I don't want to lose that, so they get priority
    I cant afford to lose a dump bank. Next set of banks is 27 miles away.

    I treat mine like gold. I load the coin machine with the bags for them so they dont have to lift them etc.


  4. #4
    us
    Nov 2011
    197
    All Types Of Treasure Hunting

    Re: Question about how you treat your dump banks

    Quote Originally Posted by hokiemojo
    I've noticed on many posts that people talk about being extra kind to banks that order coins. is that really where the emphasis should be for someone that only orders a box of halves a week? I look at the prospects of dumping my coins, and so far they are dim as no place seems to have free coin counting machines (best I've found yet is 3% fee). Maybe the key is to be extra nice to the people who are willing to take the discards. Managers at hte dump bank seem the most likely to start charging fees or cut you off all together. I've read many posts from people who had a bad experience that then "punish" that bank by dumping the coins there. Wouldn't it be just as good to be extra kind to them by giving the occasional token of gratitude? I'd love to hear thoughts as I'm completely new to this.
    Thanks!
    If your coins are rolled most banks dont charge you but will threaten to dock your acct if your short.

  5. #5
    Charter Member
    us
    May 2011
    Eastern Iowa
    713
    8 times

    Re: Question about how you treat your dump banks

    I have 1 pick-up bank, and it happens to be the Credit Union I do most of my personal business with as well...large cash savings...safe deposit box...car loan. I don't wanna upset those girls, so I take care of them.

    I have 8 different dump banks...I use 2 a week...if I lose one...no biggie...if a particular branch gets upset with me dumping $750 once a month...so be it.
    Totals:
    FDR Dimes
    273
    Winged Liberty
    Head Dimes
    22
    Walking Halves
    1

    JFK 40% Halves
    103

    JFK 90% Halves
    20
    Franklin
    Halves
    2
    War Nickels
    21

    Washington Silver
    Quarters
    2
    Foreign
    Silver Dimes
    9
    Silver Averages:
    Dimes: 1.414/box
    War Nickels: 0.583/box

  6. #6
    us
    Oct 2011
    99
    CRHing

    Re: Question about how you treat your dump banks

    Dump banks are my limiting factor. I have 3 with machines nearby. Of those invariably 1 has a broken machine. It makes it tough to dump more than 1000/week. I'm hoping to work up to using bags at some local branches. Once that is in place, my half ordering banks will be my favorites.

  7. #7
    us
    Dec 2011
    Constant state of misery
    545
    2 times
    Coin Roll Hunting

    Re: Question about how you treat your dump banks

    Right now I can only dump $2000 a week, I might be able to get away with $3000 a week. I am planning on getting another dump bank on board, I will be using them for $500 a week in halves and $200 a week in nickels and $50 a week in pennies ( dumped on separate days ).

    When I go up north to CRH, I have 3 banks to dump at up there as well. I will be using one for $1000 in dimes and the other two have been undecided as of yet. Depends on where I get my volume to. My goal is to get a large pull down here, dump up there when and pick up from some pick up banks up there to dump down here. I have not worked out the specifics on it yet, I still need to work on some numbers but it should get me approx 12 boxes a week worth of volume, maybe even 20 if all goes well. I have 2 buy banks down here and at least 3, maybe 5 up there. Its going to be rather tricky to work everything out. At least I have another bank to the NE that I have a possible 2 bump banks to use as well. That would require 2 more accounts set up, which are in my plans shortly.

    Yeah, trying to not piss off the banks in small communities takes a lot of extra work. I dont have the luxury of a big city but at least I have the silver of an old community.

  8. #8
    us
    Jan 2012
    Wisconsin
    123
    1 times
    All Types Of Treasure Hunting

    Re: Question about how you treat your dump banks

    I try to treat ALL of my banks as awesome as possible. I usually act like I am asking for a huge favor if they would grab me a few boxes and order me a few more, most often they fall all over themselves to tell me how it's not a big deal and I can order how ever much I want.

    The only reason that I do my dumps at a certain bank is because they flat out refused to order me ANY coin, so now I am giving them plenty of coin to redistribute through their customer operated coin counter. I am always as nice as possible to the tellers there though, I want to be remebered as that really nice guy who drops of a bunch of coins rather than that rude jerk who is always jamming up the coin counter

  9. #9
    Farchaus2k

    Re: Question about how you treat your dump banks

    I'm going to echo the same feelings as many here. I treat them all with respect and kindness.

  10. #10
    us
    Feb 2008
    southern NJ
    809

    Re: Question about how you treat your dump banks

    Quote Originally Posted by Farchaus2k
    I'm going to echo the same feelings as many here. I treat them all with respect and kindness.
    +1

    I bring donuts a couple times a year.

  11. #11
    us
    Aug 2011
    467
    16 times
    All Types Of Treasure Hunting

    Re: Question about how you treat your dump banks

    `Yea what ever it takes.I now opened 6 new acct to do the boxes am trying to do.I play the game tell them what they want to hear.And rotate dumps. I almost allways do$1000 at each dump.

  12. #12
    us
    Jan 2012
    Just plain lost.
    73
    Investing in silver and roll searching for more.

    Re: Question about how you treat your dump banks

    Quote Originally Posted by TimZim
    `Yea what ever it takes.I now opened 6 new acct to do the boxes am trying to do.I play the game tell them what they want to hear.And rotate dumps. I almost allways do$1000 at each dump.
    Tim. When you open an account at these banks, is it a savings account with a minimum amount, or do you deposit another say another thousand dollars there to cover the coins?

    I am going to do the same for a dump bank/banks and am looking for advice.

    Thank you
    GG
    Wait for the bottom and keep stacking.

 

 

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