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  1. #16
    us
    May 2018
    A state of Resistance
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
    2,319
    3807 times
    All Types Of Treasure Hunting
    My own dump banks are open but since my pickup banks have stopped ordering coins for non-commercial accounts, I haven't dumped coins since March. My approach to dumping was to spread out my dumped coins among several different banks and branches. I prefer to dump no more than $400 at a time. I had a few conversations with a guy at a dump machine rather than just standing in line behind him. He regularly dumps about $1000 and learned that he has a vending machine business. His business is known to the bank and he has a commercial account. And yes - he does get the occasional silver, about 1 silver dime per $300 and 1 silver quarter per $4 to $5000. So he's not a CRHer and the bank may view him as a "more legitimate" coin dumper than us.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

  2. #17
    us
    May 2018
    A state of Resistance
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
    2,319
    3807 times
    All Types Of Treasure Hunting
    Quote Originally Posted by blueberra View Post
    Today, I went to my dump bank which, in the non-COVID world, would take my coins (halves) and go into the back where they has some huge, monolith coin machine that had been out front, but, because it broke down frequently, the bank decided to buy a smaller machine for the lobby (but keep the big machine).
    The small machine does not take halves, but the big one does which is why the tellers need to handle my coins.
    Currently, the bank lobby is shut down due to COVD, but is open by appointment, so now I call the bank, tell them when I'm going to show up with the halves, and then they take them inside and dump them in the machine and then bring me out an envelope of cash, All in all, it's about 10 minutes and they do all the work.
    As in the past, I bring the tellers some chocolates a couple of times a year. Today was no exception but I sweetened the pot a little. I decided to take a dozen of my least 'impaired' proof halves and include them with the Godiva chocolates. It's not really worth anything, but it's different and a curiosity piece that I bet few of them have ever seen.
    They probably get chocolates or other goodies from some customers at Christmas, but when they're gone, they're gone. They might remember me as the guy who gave them the half dollars.
    Maybe it will end up being a good investment.
    Godiva chocolates are also my chocolate of choice for my tellers. Best deal I have found on getting 10 or 12 bags is at the warehouse clubs. I am thinking about getting some "Merci" brand chocolates since that says thank you. We must think alike. I haven't included impaired proofs but I do save up those gold plated halves for such a purpose. They stand out and yes, I think they remember it.

    BTW, I tested the waters by offering impaired proofs on ebay and sold nearly 500 in lots of 100 (5 rolls). I didn't net much after fees and postage, but averaged net of about 0.87 and now have more room. I also sold 1000 of my 40% halves but kept all the 90%.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

  3. #18
    us
    May 2018
    A state of Resistance
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
    2,319
    3807 times
    All Types Of Treasure Hunting
    Nearly forgot to add that when we say "dump banks", we usually mean credit unions. Banks have nearly all eliminated this service but I used several branches of two credit unions. As former teller said, keep a real balance with them and explain if you do a cd at these ridiculously low rates, that you are doing it only to retain the use of the coin machine, a benefit you value.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

  4. #19
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,447
    1203 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    I opened a free checking account at 8 different banks & credit union. I have 3 pickup banks, one that won't order boxes but will let me buy the bags off the machine, 1 that orders halves but doesn't have a coin machine and one that orders halves and sells bags off the counter (my favorite bank) I never dump at those 3 branches.
    My dump banks are branches of the 8 banks. I have a total of 30 coin machines within a 20 mile radius. before covid I was doing about 2-4 boxes of halves a week and what I did was spread the dumping of the coins across the branches, I always brought just a large coffee can of halves, I could get about $380 into the can and would never hit the same bank more than once every 2-3 weeks. One bank a federal credit union has some idiot dumping up to $8,000 a week in halves and they shut down halves in all their branches due to that persons activities they actually changed out the machines and they no longer take halves.

    Make calls find all the banks/branches that have machines, open accounts there, around here most are a $10 minimum for a no interest checking account, some are $100. and then spread the wealth space them out
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2020 Totals: Halves: 34 40% 13 90%, Dimes: 24, Quarters: 1

    2020 GOAL: 300 silver Currently 72/300

    Boxes searched: Halves boxes 12, bags 1, CWR 0, loose 0 : Dimes boxes 0, bags 1, BWR 5, CWR 6 : Quarters boxes 1, bags 2, CWR 20 BWR 50

    MILES Driven 500

  5. #20
    us
    Feb 2012
    3,283
    3020 times
    Coin roll hunting
    Ben C: of all the banks that you approach, I would try to KEEP AT ALL COSTS the bank that sells you BAGS off the machine. Your chances are much much better to hit a collection dump all intact, and if you do HIT, go back to get other bag denominations when they fill up. I'd love to be in your position. I just made a list of my various branches I visit in all the surrounding towns, count is 26-banks., enough to hit over a two week rotation., but none sell me bags off machines - oh darn.

  6. #21
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,447
    1203 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    I have only two banks that sell me bags, one does it but isn't very friendly but the other is like a small town bank. I NEVER dump at those banks and I have brought them treats before.

    Right now I am not doing anything except occaisional rolls that I am stock piling in coffee cans until lobbies open and my family lets be access the coin counters, I have about $600 sitting in cans.

    With the search for W's I have gotten the entire Whitman album collection for quarters, 5 books and will try to fill them.
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2020 Totals: Halves: 34 40% 13 90%, Dimes: 24, Quarters: 1

    2020 GOAL: 300 silver Currently 72/300

    Boxes searched: Halves boxes 12, bags 1, CWR 0, loose 0 : Dimes boxes 0, bags 1, BWR 5, CWR 6 : Quarters boxes 1, bags 2, CWR 20 BWR 50

    MILES Driven 500

  7. #22
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,447
    1203 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    Dozer D here are the finds from the half dollar bag that I watched at the bank as it filled, took them 4 months which is really quick for halves, was sure it would be someones dump but did good

    9 90% and 22 40%

    Click image for larger version. 

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    weighit, blueberra and Megalodon like this.
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2020 Totals: Halves: 34 40% 13 90%, Dimes: 24, Quarters: 1

    2020 GOAL: 300 silver Currently 72/300

    Boxes searched: Halves boxes 12, bags 1, CWR 0, loose 0 : Dimes boxes 0, bags 1, BWR 5, CWR 6 : Quarters boxes 1, bags 2, CWR 20 BWR 50

    MILES Driven 500

  8. #23
    us
    Feb 2012
    3,283
    3020 times
    Coin roll hunting
    Nice find on the Half bag. Now imagine if those went to the coin vendor sorted counted rolled, not too many would have gotten into boxes, only WATERED DOWN.

  9. #24
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,447
    1203 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    Quote Originally Posted by Dozer D View Post
    Nice find on the Half bag. Now imagine if those went to the coin vendor sorted counted rolled, not too many would have gotten into boxes, only WATERED DOWN.
    That is why I prefer bags off counters but very few banks will sell them.

    As I say I can get bags but dumping is a real problem at this time, lobbies closed and family against me going into banks until they feel comfortable due to the virus
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2020 Totals: Halves: 34 40% 13 90%, Dimes: 24, Quarters: 1

    2020 GOAL: 300 silver Currently 72/300

    Boxes searched: Halves boxes 12, bags 1, CWR 0, loose 0 : Dimes boxes 0, bags 1, BWR 5, CWR 6 : Quarters boxes 1, bags 2, CWR 20 BWR 50

    MILES Driven 500

  10. #25
    us
    Dec 2006
    Very Northern Left Coast
    XLT & Bigfoot
    4,553
    2141 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Dozer D View Post
    I just made a list of my various branches I visit in all the surrounding towns, count is 26-banks., enough to hit over a two week rotation., but none sell me bags off machines - oh darn.
    There are only 4-5 banks in my entire county and the next county up (also next state up) 4 banks. It is a tall county and not worth driving 40 miles to the next town. But only one bank that I can find that has a coin counter. They will not sell bags. Everytime I come in I ask. This is also where I have paid my mortgage a few times in halves.
    When I did yard sales I was dollardan. No yard sales where I am now.

 

 
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