Rerolling vs. counting machine: Some random thoughts
Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 15 of 15
Like Tree3Likes
  • 1 Post By Thorne
  • 1 Post By Styfflin
  • 1 Post By Zero

Thread: Rerolling vs. counting machine: Some random thoughts

« Prev Thread | Next Thread »
  1. #1
    us
    Feb 2013
    Kentucky
    1,033
    603 times
    All Types Of Treasure Hunting

    Rerolling vs. counting machine: Some random thoughts

    So, I reroll out of necessity since there isn't a free counting machine in my area.

    Some pros of counting machines:
    1) It's a lot easier to tear open the rolls, look for silver, dump in a bag, and then run it through the machine and get your cash.
    2) If there are only a few coin counting machines, then it focuses the dumps to a few banks and hopefully a few couriers.

    Cons of counting machines or pro of rerolling:
    1) The silver gets diluted and spread around since the machine mixes the dumps with the good stuff and then it gets sent off to be further diluted and re-rolled.
    2) If in fact the banks send off my re-rolls and the couriers don't re-re-roll the rolls I dump, then at least the customer wrapped rolls would stay intact and you may get a big jackpot. A jackpot sounds better to me, then having to go through box after box with just one or two 40%.

    Con of rerolling:
    1) The banks just hang on to the dumped rolls and give them to the hunter when they ask for half dollars. Of course the good hunter will then proceed to dump these at their dump bank.

    If the hunter is re-rolling and dumping at the same bank, eventually the bank will send them off if they reach whatever number they have in mind. Is it possible the coin counting machines have created the large volume of skunks (or low producing boxes)?

    Okay, I don't know which is better. Just thought I would start a new thread on the topic.

  2. #2
    us
    Aug 2012
    Ohio
    109
    20 times
    Coin Roll Hunting
    I have to reroll because there isn't a single bank with a coin counter around me. Even If I had the option to use a coin counter, I don't think I would just because of the chances that my money would be counted incorrectly.
    2013 Goals
    -1/1 Pre 64 Half
    -1/10 90%s
    -10/100 40%s
    -14/100 Silver Dimes
    -0/1 Barber Dime
    -1/5 War Nickels
    -1/1 Teller Tray Find

  3. #3
    us
    Dec 2012
    Michigan
    984
    195 times
    All Types Of Treasure Hunting
    Ive dumped in the coin counting machine since I've started this hobby. only been shorted a few times. never on quarters never on halves. only nickels dimes and cents. it seems to go in both directions though. so i might lose a buck or two with dimes counted as cents or i might get a few bucks with cents counted as nickels.

    as far as it diluting the silver i feel it makes it a better shot at getting silver. the hopper goes round and round mixing and mixing up the grandma silver. if your just getting repacked dumps there is no chance of the grandma silver landing in those rolls.

    Someone on here said its like passing a bag of clad around a room and when the silver falls out of the sky who ever holding the bag gets the silver. If your coins never hit the hopper they never will see silver. just my two cents
    sagittarius98 likes this.
    ~2013~ CRH GOALS
    8/12 Buffalo Nickels
    13/16 War nickels
    120/250 Wheaties
    0/1 Indian Head
    1/1 Silver dime (american)
    1/4 Troy ounce rounds (bought)

  4. #4
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    10,756
    2675 times
    silver surfing
    Honorable Mentions (1)
    Just a note, none of my dump banks send out machine-wrapped rerolls, or customer-wrapped rolls. The tellers must first empty the rolls loose into $500 or $1,000 bags before shipped. A job they just relish!

  5. #5
    us
    James

    Jun 2012
    Ohio
    1,552
    323 times
    When I was going through cents hard, I would reroll and take between $40-50 to the coin counter at a Huntington branch. I would reroll around $100-$150 a week depending on how much I went through. I must say the pros of the coin counter is well you don't have to roll the coin obviously, but there machine is in the back and I gave them 4000-5000 coins at a time and I would always have to wait a day or two for the tellers to get the time to run them through the machine and get the cash credited to my account. The rerolling isn't all that bad because I use a plastic tube with an overflow slot, and every time I have counted a roll that might be short or over it was been 50 every time. I was really fast, wrapping a $25 box in about 30 minutes. There aren't many pros to rerolling with cents to be honest. I do it because I have to. Otherwise the one bank with the counter would shut out my account if I was giving the $150-$200 a week in cents.

  6. #6
    us
    Apr 2011
    1,806
    1277 times
    Quote Originally Posted by fistfulladirt View Post
    Just a note, none of my dump banks send out machine-wrapped rerolls, or customer-wrapped rolls. The tellers must first empty the rolls loose into $500 or $1,000 bags before shipped. A job they just relish!
    I suspect some of the tellers do indeed relish that job, as it gives them a chance to glance through the rolls as they're doing so, something they might not otherwise have time or be allowed to do.

  7. #7

    Jan 2013
    Columbus, OH & Beijing, PRC
    Etrac
    66
    26 times
    Metal Detecting
    Quote Originally Posted by fistfulladirt View Post
    Just a note, none of my dump banks send out machine-wrapped rerolls, or customer-wrapped rolls. The tellers must first empty the rolls loose into $500 or $1,000 bags before shipped. A job they just relish!
    I'm with fistfulladirt.... The tellers I deal with at my dump banks absolutely will not accept loose coin. They count the rolls when I turn them in to verify that there are indeed 50 rolls in each box, then later they unroll everything into a Coinlok bag. Brinks/Garda/whomever then picks the bags up on their scheduled delivery runs (which is twice a week for most branches). I've offered to spare them the hassle of unrolling by giving them my dumps in bags... but thus far they've all said the same thing: they can't accept them loose.

    Makes me a bit envious of people who can use bags... I'm sure the tellers I deal with would like it as well.

  8. #8
    us
    Mar 2012
    Bounty Hunter Pioneer 101 Garrett Ace 250
    3,140
    1896 times
    Coin Roll Hunting/ Metal detecting
    Quote Originally Posted by Thorne View Post

    Someone on here said its like passing a bag of clad around a room and when the silver falls out of the sky who ever holding the bag gets the silver. If your coins never hit the hopper they never will see silver. just my two cents

    That was me. HH, Maverick.

  9. #9
    us
    Mar 2012
    Bounty Hunter Pioneer 101 Garrett Ace 250
    3,140
    1896 times
    Coin Roll Hunting/ Metal detecting
    Quote Originally Posted by fistfulladirt View Post
    Just a note, none of my dump banks send out machine-wrapped rerolls, or customer-wrapped rolls. The tellers must first empty the rolls loose into $500 or $1,000 bags before shipped. A job they just relish!
    Not all do though, I have been at the counter lately when I bring in my boxes and have watched the tellers just take them and dump the rolls right into the bags, I asked if they are going to unroll them and they said nope, we just send them out like this, now I have other branches that do unroll them and then put them in the bags, It just depends on how they do it, apparently everything seems to be dif from branch to branch anymore. HH, Maverick.

  10. #10
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    10,756
    2675 times
    silver surfing
    Honorable Mentions (1)
    Quote Originally Posted by maverick View Post
    Not all do though, I have been at the counter lately when I bring in my boxes and have watched the tellers just take them and dump the rolls right into the bags, I asked if they are going to unroll them and they said nope, we just send them out like this, now I have other branches that do unroll them and then put them in the bags, It just depends on how they do it, apparently everything seems to be dif from branch to branch anymore. HH, Maverick.
    All my tellers absolutely hate to unwrap rolls and most of them don't care about silver, they offer it up to whoever asks for it. Some openly moan and groan when I walk in w/$500 worth of dimes...I know that Loomis takes loose coin in bags here, I've never seen solid rolls shipped out but I'm sure it's done.

  11. #11
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,929
    743 times
    Coin Roll Hunting
    Coin counter bags allow you to have full collections, like CWR vs. boxes where the collection is spread out.

  12. #12
    us
    Jan 2013
    Garrett Ace 350
    678
    524 times
    All Types Of Treasure Hunting
    I am absolutely going to incorporate more bag hunting into my weekly routine. I want that collection dump direct!
    sagittarius98 likes this.

  13. #13

    Jan 2013
    43
    7 times
    All Types Of Treasure Hunting
    Would be better if every bank had machines and only took rolls of up to 100$, everything over through the machine. Take the snipping tellers out of the picture. Most of the machines around here dont have bags, one giant box with all coins mixed together, they roll the box out and throw a new one in, again no chance for stickey hand tellers. I drop 6-8 bags a week at one branch, They showed me how to fill out the info myself on the bag, and do a cash exchange on the spot. Another bank, gets 4 boxes a week, and one other 2, I know for sure those 2 just unroll and bag then send them off. The rest of my boxes I just free dump between usually 3-4 branches, Im certain they just dump into bags and send off. Only ever got one sealed box with repacked coins in it, in over 550 boxes, and it was some different machine wrappers then iv ever seen.

  14. #14
    us
    Feb 2013
    Kentucky
    1,033
    603 times
    All Types Of Treasure Hunting
    Had a new re-rolling hiccup yesterday. I brought my $500 worth of halves and $100 in dimes to the counter at a new dump bank. Asked to cash them in, she said I needed an account, so I said I wanted to open one, she said okay...now I need you to write your name and phone number on the side of each roll...uhggg...I considered saying no thanks and walking out but I did it anyway...so...don't call and curse me out after you receive my re-rolls in your sealed box .

    By the way, at one of my pickup banks, I had a teller set aside three rolls of halves for me. I was so excited until I got in the car and saw some writing on the side which looked vaguely familiar...it was 71-72, 73-74, and 76...in my handwriting. It was part of my first dump when I had actually arranged all the halves by date and re-rolled and labeled them...double uhggg... So, somebody picked up my dump at my dump bank and deposited them at one of my pickup banks...oh well.
    hokiemojo likes this.

  15. #15
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,929
    743 times
    Coin Roll Hunting
    Quote Originally Posted by Zero View Post
    I had a teller set aside three rolls of halves for me. I was so excited until I got in the car and saw some writing on the side which looked vaguely familiar...it was 71-72, 73-74, and 76...in my handwriting. It was part of my first dump when I had actually arranged all the halves by date and re-rolled and labeled them...double uhggg... So, somebody picked up my dump at my dump bank and deposited them at one of my pickup banks...oh well.
    This is something most new people don't grasp. You will get your coins back, even if they go to a different branch. I am not saying that you should use the same branch to dump and pickup, but many people think that once you've searched through some coins, you will not get them back.

 

 

Home | Forum | Active Topics | What's New

Sponsored Links

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. Random Thoughts
    By jeff of pa in forum Comedy Central
    Replies: 6
    Last Post: Mar 15, 2015, 06:25 PM
  2. PM confiscation random thoughts
    By jim4silver in forum Precious Metal Prices
    Replies: 2
    Last Post: Nov 15, 2012, 08:15 PM
  3. First Half bag off of counting machine
    By Modern Day Miner in forum Coin Roll Hunting
    Replies: 13
    Last Post: Aug 15, 2010, 08:37 PM
  4. Random Thoughts for the Day
    By ashleen in forum Everything Else
    Replies: 6
    Last Post: Feb 08, 2010, 01:44 AM
  5. machine bags, a roadtrip, and the counting machine short again
    By scrounger d detector collector in forum Coin Roll Hunting
    Replies: 5
    Last Post: Jun 19, 2008, 04:36 PM
Powered by vBadvanced CMPS v4.3.0