Oct 05, 2012, 09:50 AM
I have to say, in my area (which is about 500 miles from CRHSW) the skunks have increased exponentially. I am at around 10-12 boxes/week spread over 5 banks, and I am considering a change to my plan due to the 80% skunk rate. I would advise that you lay low, order maybe 5-10 boxes/week, and see if things improve in the coming months. There is absolutely no sense in going through 90 skunks/week every week. Hit the CWRs HARD! Most of my finds these last couple weeks have been CWRs and one great coin machine bag. The last 25 boxes or so have produced 1x90 and 4x40s.
Also, you must have contingency plans in place in case your main order banks shut you down. I do, 3 small banks that said I can order coin anytime I want. I only plan to tap them if the big nationals I have been bleeding cut me off.
Last edited by namster; Oct 05, 2012 at 09:53 AM.
Oct 05, 2012 09:50 AM
Oct 05, 2012, 10:27 AM
I going to vote that the level of pickups is adversely effecting the profitability at the branch. My Chase boxes are 7" by 4" by 6.5", which at 90 boxes comes out to 9 cubic feet of halves a week. That is not going to be shipped to a branch under a standard delivery deal with an armor car company. Look at it another way there are 4500 rolls of halves in those boxes if each roll is 8 oz that more than 2,200 pounds of coins a week. I am going to go out on a limb he and say the halves going through this branch exceeds all other coins based on weight. One ton of coins that is going to cause people to sit up and pay attention.
Originally Posted by CC-Hunter
Oct 05, 2012, 10:33 AM
So...ordering a ridiculous volume from a single bank, and painting coins, those are bad?
Oct 05, 2012, 11:01 AM
Yeah I think this is an issue of greed. too many boxes at one branch = the boot. I asked my friendly BoA teller if I asked for more than two boxes at a time (I order two, rarely more than one delivered). She answered "Don't, it will get noticed quick". I'm sure many order far more and get away with it but for how long? I think you guys that do big volumes need to tone it down awhile before these banks cut us all off.
Oct 05, 2012, 11:16 AM
I agree, lets call it hyper-volume searchers cannot fly under the radar. Even moderate levels would be noticed by the ordering systems but I would guess tolerated in most cases. However as much we may not want to believe it or banks and not out there to help CRHers. They are out there to make money and if you are costing them money they are going to find some method to recover or eliminate the cost. There is no sound business reason to supply Streetwalker with one ton of coins a week unless the dump fees go to the same bank and they at the very lease cover the cost of the entire transaction/transportation of the coins.
Originally Posted by sheepdog_tx
Oct 05, 2012, 11:32 AM
I agree it is greed, but in saying so I would do it too if I could get away with it... so I can't blame CRHSW. In reality, if I could, I would take all the boxes in the country and leave you all with nothing... except skunk boxes lol
Oct 05, 2012, 11:38 AM
Actually, was not commenting on the Greed portion of the statement, more how the level of activity invites scrutiny, which results inevitably in problems.
I would like to have the funds available and time to go through that many boxes alas this will never happen.
Oct 05, 2012, 12:11 PM
I agree with kfs. If someone wants to search a huge volume, and deal with the huge volume dumps and other work, they are just dedicated/hard-working/industrious/[fill in your own complimentary adjective]. However, if they don't spread it around and fly under the radar they run a decent risk of ruining CRH for themselves, and perhaps for others.
Oct 05, 2012, 01:44 PM
Let's clear just a few things up. When did I ever say I was ordering 90 boxes a week from ONE bank or ONE branch? I have 22 different pickup branches, from 4 different banks. Second, I never said 90% of my transactions are paid in a straight cash exchange, and the rest come out of my account. 100% of my half pickups are paid in a straight cash exchange, I said 90% of my HALVES come from Chase. Third, there were NEVER any huge transactions under my account, that is why I'm in question of my account being closed. And finally, I'm not a greedy person. I HATE when CRHers call other hunters GREEDY! I have the resources to do it, so why not take advantage of it while the gettins' good? Obviously the gettin isn't good right now, but you get the point.
Last edited by crhstreetwalker; Oct 05, 2012 at 01:46 PM.
Oct 05, 2012, 01:51 PM
Fellas, this is a treasure hunting website. "Greed" is part of the motivating factor in the search for treasure.
CRHSW- I hope it gets worked out for you, but I think a break from the volume might be a good idea, at least for a little while.
Oct 05, 2012, 01:59 PM
If greed is part of it stop posting your finds, that encourages others to start CRH. Less ppl=more finds.
Originally Posted by namster
Oct 05, 2012, 02:08 PM
2013 Finds- 12/3
Blob tops: 0
Local Bottles: 24
Tokens: 2, (1) Local
1948 S Roosie Dime
Music box part
19th Century cutting scissors
Silver Dimes: 1
Oct 05, 2012, 02:24 PM
I got the 90 boxes assumption from this post. I do not see what paying for halves with "cash in hand" has a lot to do with the cost to the bank so I am had no comment really on that issue. So if you are breaking the 2,200 pounds of coins up by 4 or 5 banks that is only 400 or 500 pounds each. No one would ever have an issue with that in my opinion.
Originally Posted by crhstreetwalker
Do not get me wrong if you can do it more power to you but your bank or banks are not in the business of transporting coins, 400 to 500 pounds of coins every week. Especially not for the purpose of letting someone look at them is definitely not part of their business model, be it 2000 or 400 pounds. That was my point. Heck there business model does not support my 2 boxes a week. I am actually kind of surprised they would close your account as opposed to trying to hit you up for fees for delivery of the coins.
It would seem that you could get a deal with the Armored car companies and have them delivered to your door like retail businesses do with coin and currency and have the returns credited back to your account at the bank. I guess that would not be free and might make the net result of searching unprofitable.
Last edited by kfs; Oct 05, 2012 at 02:37 PM.
Oct 05, 2012, 02:35 PM
So you are a threat to Chase? LOL...call Homeland Security1!@%!@
Oct 05, 2012, 02:44 PM
Kfs please read more carefully you have contorted the facts multiple times. He said he has 22 pick up banks. Not 1 or 4 or 5 but 22.
Oct 05, 2012, 02:45 PM
I'm not saying greed is a bad thing, it is what power capitalism. The problem is too much greed, making some go to the well not only too much but weekly. The bank is not there to power your hobby. The system will support you if you are reasonable but when you start expecting that its your right to have massive volumes of stock to search without the bank getting anything in return you should not be surprised when your blatant attempts to exploit them get shutdown. If you're going to big on boxes weekly than you need to form a wide area to disperse the wake of your searches as quietly and as patiently with those that serve you as possible. Not just for yourself but those that also do this just for fun, collecting, small culling, etc.
Originally Posted by kfs
Frankly he pushed the system and they did what they had to in order to protect themselves from further loss. He was not doing this as a hobby but as a part-time job without regard for the time and cost of the extablishment that provides and for that I have very little pity.
Last edited by sheepdog_tx; Oct 05, 2012 at 02:50 PM.
Oct 05, 2012, 02:51 PM
What? "gas is now over $5 a gallon, and is expected to go to $6 a gallon in the next week. At least in my neck of the woods anyway. Thanks Ben!"
I don't see gas over $4 hardly anywhere. You are over $5? Where is that? Expecting $6? Again - where??
"Two weeks ago and prior, anywhere from 60 to 80, sometimes 90 boxes a week" Ahh, I see why they closed you out. Sorry, but i"ve always beenone to preach moderation, and that is the reason. Granted, you go tmore accomplished anyway by doing such volume, but that type volume will make banks shut down ALL of us, IMHO. Hope you get some boxes back, but also hoping you don't get that many in the future. Just too many to make banks happy with you (or us)
Just my opinion. We all have one.
Oct 05, 2012, 03:03 PM
Gas here in So. Cal is outrageous. Premium is at $5 all over the place. The news last night showed an independent gas station selling premium for $5.99. Thank god I drive a diesel, I only paid $4.40/gal today!
Originally Posted by jrf30
Oct 05, 2012, 03:06 PM
Looks like you made Chase slam us all down with the silver price today.
They are punishing us all.
Oct 05, 2012, 04:17 PM
Chase closed my account months ago. I was doing the same thing as you CRHSW, picking up from every Chase branch in my area, 15-20 probably. Like you all transactions are cash, but some branches would have you swipe your debit card, some wouldn't. I asked one teller why and she said it's to prove she is working....maybe they have a target of transactions per hour, who knows.
Anyways like you I got the same letter, we are ending our banking relationship with you blah blah blah and unfortunately they have Full Legal Rights to do this.
I was on the phone for along time with many people like you but I guess you got 1 step higher on the food chain than I did, I never got them to admit about the branch manager writing a letter on my behalf.
If that works out for you please let me know! I still pickup from a few Chase branches, mainly the ones that never asked for my card. If you have a standing order and good relationship with them at least you haven't lost all those pickup banks.
1 thing I was able to glean from a friend of mine who works for Chase and is high up in the auto loan department is that Chase (and all mega banks) watch new accounts WAY more than other accounts for up to 2 years and they scrutinize the # of transactions per month and the total $$ amount of all transactions and the type Cash vs. Coin because coin costs them $$.
Anyways hope that helps and let us know how it turns out, now for the rest of you interested in CA gas market keep on reading.
Theres been a couple major refinery upsets in CA so the refiners are gauging because the supply is tight.
I used to work for BP (Now I am an engineer for a chemical company and BP is my customer, hate those a-holes :-) ), funny thing is we didn't even use the refineries capacity to make all CA gas, we shipped alot of lesser grades with higher margins to Mexico, NV, and AZ, so the supply chain is sort of manipulated to be tight.
The other huge issues is CA's air quality standards, you can't import gas to CA from other states / countries unless it is made to CA air quality standards, on top of that we have Summer and Winter blends, summer blend is alot more costly.
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