I need the wisdom of the elders here!
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  1. #1

    Apr 2020
    44
    37 times
    Coin Roll Hunting

    I need the wisdom of the elders here!

    Hey, I need some guidance from the forum. My kids and I got into this hobby about 6 months ago, and we’ve been rolling up all of our coins after searching them, since our banks won’t accept loose coins, and I couldn’t find any banks with free coin counting machines.

    I bought plastic tubes to make it MUCH faster to roll pennies/nickels/dimes/quarters, but the kids still hate doing it, and if they don’t help it takes me about an hour to roll up a single box of halves.

    I eventually found a regional bank that DOES have coin counting machines, free to their members. And a few weeks ago, that regional bank finally opened its lobbies back up (by appointment only).

    I’ve got several thousand dollars worth of loose halves in my house right now, and I’m hoping to be able to dump them at this regional bank… But I’ve never done this before! I don’t know how it works, what the etiquette is, etc.

    So, I have a few questions:

    1) Is there a limit on how much I can, or how much I should, dump at a single bank? I’m guessing that there machine has a limited capacity. Will the bank take out a full bag, replace with an empty one, and let me keep on dumping? Or should I expect to only be able to dump about $500 per visit?
    2) How common is it for these banks to allow people like me to buy the half dollars out of the machine that have been deposited by other customers? How does that work? I have several boxes of rolled halves that I could swap them for a bag of loose halves, is it more likely that they’ll go for that?
    3) This bank has about a dozen local branch locations with coin counting machines… Should I be assuming that I’ll need to visit a bunch of them in order to dump 10+ boxes of halves?

  2. #2

    Sep 2012
    709
    544 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Roll Hunting Family View Post
    Hey, I need some guidance from the forum. My kids and I got into this hobby about 6 months ago, and we’ve been rolling up all of our coins after searching them, since our banks won’t accept loose coins, and I couldn’t find any banks with free coin counting machines.

    I bought plastic tubes to make it MUCH faster to roll pennies/nickels/dimes/quarters, but the kids still hate doing it, and if they don’t help it takes me about an hour to roll up a single box of halves.

    I eventually found a regional bank that DOES have coin counting machines, free to their members. And a few weeks ago, that regional bank finally opened its lobbies back up (by appointment only).

    I’ve got several thousand dollars worth of loose halves in my house right now, and I’m hoping to be able to dump them at this regional bank… But I’ve never done this before! I don’t know how it works, what the etiquette is, etc.

    So, I have a few questions:

    1) Is there a limit on how much I can, or how much I should, dump at a single bank? I’m guessing that there machine has a limited capacity. Will the bank take out a full bag, replace with an empty one, and let me keep on dumping? Or should I expect to only be able to dump about $500 per visit?
    2) How common is it for these banks to allow people like me to buy the half dollars out of the machine that have been deposited by other customers? How does that work? I have several boxes of rolled halves that I could swap them for a bag of loose halves, is it more likely that they’ll go for that?
    3) This bank has about a dozen local branch locations with coin counting machines… Should I be assuming that I’ll need to visit a bunch of them in order to dump 10+ boxes of halves?
    Hey RHF.

    You could consider discussing it with the vault teller. Some CRH-Friendly vault tellers will give you the coinlok bag and you put $1000 of halves in it at home and bring it in for cash or deposit. No dumping into the machine and no bag changes.

    Some machines fill at $100 for halves - because halves are low volume. Others fill at $1000. I suppose some might fill at $500.

    You can ask to buy the filled half-dollar bag, I've done it.

  3. #3
    Charter Member
    us
    Nov 2012
    Maryland
    XP Deus, Tesoro Cibola, Full sized shovel and a backhoe
    17,033
    31303 times
    All Types Of Treasure Hunting
    Banner Finds (8)
    Honorable Mentions (1)
    I would take $500. Then wait some time before dumping more. It MIGHT take $1000 but feed them slowly so it doesn't jam up. I have never found a bank that will sell a bag off their machine.

  4. #4

    May 2006
    CO, AZ
    dfx, Ryedale!
    1,783
    242 times
    As to your question on a limit, every bank is different. So ask them. They won't mind the question. Buying bags? You don't want to buy where you dump. Not only will you get your own back, but it just doesn't work well to double dip. On the last question. YES, go to different branches. That ill slow down how much you dump at any one branch. That's the best part of your three questions. Oh, and even among branches, one might let you dump $1,000 a week, a second maybe $2,000 a week, and a third maybe $500 a month. Each branch manager is different.

    Welcome. Best of luck to you. :-) If you have kids, you might want to do pennies or nickels for a change. Both get much more results than halves. Keeps the kids interested.

 

 

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