Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 9 of 9
Like Tree9Likes
  • 3 Post By $ilver$urfer
  • 3 Post By FreedomUIC
  • 3 Post By accordselux

Thread: Bank ordering fees and why some people have trouble CRHing...

« Prev Thread | Next Thread »
  1. #1
    us
    Sep 2010
    1,145
    5 times
    All Types Of Treasure Hunting

    Bank ordering fees and why some people have trouble CRHing...

    Hello Fellow CRHers,

    My sister was the teller manager at the largest bank branch in North Carolina for years and when I started CRHing I asked her how much it costs banks to order coin and ship coin. She informed me that about 90%+ of banks pay a flat monthly fee to Brinks, Loomis, etc. for unlimited coin orders or a threshold of coin orders per week (say $5000) and unlimited shipping out of coin. This has been confirmed to me by two other teller managers over the years responsible for ordering coin.

    In my humble opinion, the problem only comes in when:

    A.) The Brinks/Loomis, etc. guys complain to tellers about doing their job (lifting heavy boxes) which they are legally under contract to perform. This is where stories like "we pick out all of the silver" and "you are just searching through your own dumps." As we long term hunters can all attest to, these stories are total lies (except maybe in Phoenix).

    B.) The tellers are sick of ordering, storing and handling your coins boxes (usually due to people being rude or unappreciative and getting excessive at a particular branch and not rewarding tellers by being friendly and dropping off chocolates once a month).

    C.) They have other business customers or customers requesting coin orders that max their limit. At one branch I attempted to order half dollars at earlier this year the teller manager said "we would love to but we can only order $5000 in coin per week and we have a customer who has been ordering $3000 (6 boxes) of halves for years. We need the other $2000 to fulfill business coin orders. If he ever stops ordering we will call you and you can order half dollar boxes."

    That's my 2 cents, if a bank won't order for you, reassess your relationship with the bank. Do they make any money off of you and are you a good customer? I have stopped ordering half boxes and just do pennies primarily now but I never got a complaint or denied an order because of being a leech. I have numerous mortgages with multiple banks and when they see I have been a "good" customer for years they order coin for me no problem. Those of you who keep $25 in an account and order multiple boxes a week and dump thousands a week then complain you get cut off and blame the big guns need to look in the mirror.

    HH,

    $ilver$urfer
    FreedomUIC, CoinFetcher and Easy like this.

  2. #2
    us
    Oct 2012
    Texas
    73
    22 times
    All Types Of Treasure Hunting
    Agreed. But from what I gather your opinion is probably unpopular with some in this crowd.

    You also forgot to mention penny-bombing a branch with $1500 in halfs when the managers dare question the volume and extra work this hobby costs the bank. This is America, right? The constitution says you have to take this $1500 in halfs and your corporate office says you have to smile while doing it!

  3. #3

    Sep 2012
    Michigan
    765
    226 times
    reading, writing, Coin Collection
    I try not to do big batch CRHing just for that reason. Also I don't have the capital in order to do that. But while a lot of people on here are finding silver, take a look at how many banks they go to everyday, how many boxes they go through in a week. I don't have a whole lot of banks and credit unions around me, so I do 1 box or two at a time, because seriously I don't want to get banned from the few banks I go to.

    Oh BTW, has anyone heard of PNC bank? I saw one in our town and was wondering if it was a national bank or just a michigan only business? If anyone from michigan knows, let me know. Its on the way to Northwestern bank, that I found out has a coin counter with no limit to account holders.

    Hugs and Smiles,
    Garoulady

  4. #4
    us
    Mr. FreedomUIC to you!

    Jan 2010
    NUNYA
    1,892
    384 times
    All Types Of Treasure Hunting
    Quote Originally Posted by GarouLady View Post
    I try not to do big batch CRHing just for that reason. Also I don't have the capital in order to do that. But while a lot of people on here are finding silver, take a look at how many banks they go to everyday, how many boxes they go through in a week. I don't have a whole lot of banks and credit unions around me, so I do 1 box or two at a time, because seriously I don't want to get banned from the few banks I go to.

    Oh BTW, has anyone heard of PNC bank? I saw one in our town and was wondering if it was a national bank or just a michigan only business? If anyone from michigan knows, let me know. Its on the way to Northwestern bank, that I found out has a coin counter with no limit to account holders.

    Hugs and Smiles,
    Garoulady
    Google is your best friend.
    [R.I.P. Rich Hartford - Champion CRH of All Time]

  5. #5

    Aug 2012
    991
    579 times
    All Types Of Treasure Hunting
    Quote Originally Posted by FreedomUIC View Post
    Google is your best friend.
    And staying on topic is another.

  6. #6
    us
    Sep 2012
    Charleston, SC
    Garrett 250
    82
    12 times
    Coin Roll Hunting, Metal Detecting.
    Quote Originally Posted by GarouLady View Post
    I try not to do big batch CRHing just for that reason. Also I don't have the capital in order to do that. But while a lot of people on here are finding silver, take a look at how many banks they go to everyday, how many boxes they go through in a week. I don't have a whole lot of banks and credit unions around me, so I do 1 box or two at a time, because seriously I don't want to get banned from the few banks I go to.

    Oh BTW, has anyone heard of PNC bank? I saw one in our town and was wondering if it was a national bank or just a michigan only business? If anyone from michigan knows, let me know. Its on the way to Northwestern bank, that I found out has a coin counter with no limit to account holders.

    Hugs and Smiles,
    Garoulady

    There is a PNC in downtown Charleston.
    Searching South Carolina.

  7. #7
    us
    Seeker of enough wealth to quit my job.

    Jul 2012
    Freakmont
    940
    208 times
    All Types Of Treasure Hunting
    Zactly....

  8. #8
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,834
    641 times
    Coin Roll Hunting
    Quote Originally Posted by GarouLady View Post

    Oh BTW, has anyone heard of PNC bank? I saw one in our town and was wondering if it was a national bank or just a michigan only business? If anyone from michigan knows, let me know. Its on the way to Northwestern bank, that I found out has a coin counter with no limit to account holders.
    I think Tim orders at least part of his volume from PNC.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

  9. #9

    Jun 2012
    439
    86 times
    All Types Of Treasure Hunting
    PNC is alright, usually Garda or Loomis in my area and often dumped rerolled coins, though. Many branches do not order halves.

    I didn't know most of the banks pay a flat fee. That explains why they are willing to order coins without charging a fee.

 

 

Home | Forum | Active Topics | What's New

Sponsors

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Ok easier way: What banks DO charge fees for ordering, dumping
    By sheepdog_tx in forum Coin Roll Hunting
    Replies: 13
    Last Post: Aug 23, 2012, 09:09 PM
  2. Box ordering fees
    By n9zez in forum Coin Roll Hunting
    Replies: 15
    Last Post: Aug 23, 2011, 02:06 PM
  3. Bank Fees
    By mick56 in forum Coin Roll Hunting
    Replies: 8
    Last Post: Dec 29, 2008, 09:53 AM
  4. Bank fees
    By rsc in forum Coin Roll Hunting
    Replies: 4
    Last Post: Apr 03, 2008, 12:46 PM
  5. wow new bank fees!!! listen to this
    By ugotit22 in forum Coin Roll Hunting
    Replies: 3
    Last Post: Mar 28, 2008, 10:51 PM

Search tags for this page

bank fee for coin order

,

best coin denomination for crhing friendly metal detecting forum

,

box fees

,

fees for ordering coin pnc bank

,

how much do banks pay to order coin boxes

,

pnc bank half dollars

,

what is the bank fee for ordering coin

Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.1.3