Another Dump Bank Question

[Th3Offspring]

Hi, i am still somewhat new (i guess) to CRHing but i am ready to take the next step and sign up for another bank account in order to have a dump bank. What i have been doing is buying CWR from my bank in my town and any other bank in the surrounding area and dumping at another branch of my bank in a neighboring town. These are all small towns and the "dump" bank tellers have all admitted to culling silver and they send the rolls back to their supplier when they are done. I am unaware of any other CRHers in my area because i never get any re-wrapped yellow rolls or such, and i have been somewhat fortunate with halves. I think my main competition is tellers. My question is those of you who have bank accounts at 2 different banks how do you do all of the withdrawing and depositing without raising flags with the bank or your own bank. Do you only exchange for cash or whats the story with that? I plan on only doing maybe 2 boxes every week or something like that but could have maybe $1000 in CWR each week. I go to college a good distance from home so i planned on buying back home and dumping up here. Any advice? Thanks in advance!

 

[ImpurestStewart]

Depends on where you spend more time. If you spend more time at school, Buy there and dump at home... Just my 2 Cu.

 

[Th3Offspring]

I'm sorry, my question must have gotten lost in the huge paragraph i wrote lol. This is what i am confused about:

My question is those of you who have bank accounts at 2 different banks how do you do all of the withdrawing and depositing without raising flags with the bank or your own bank. Do you only exchange for cash or whats the story with that?

 

[azlegends]

I personally only exchange for cash(more of a personal preference, I don't do it to avoid suspicion).

 

[Th3Offspring]

I personally only exchange for cash(more of a personal preference, I don't do it to avoid suspicion).

How much volume are you doing weekly?

 

[azlegends]

I personally only exchange for cash(more of a personal preference, I don't do it to avoid suspicion).

How much volume are you doing weekly?

Im taking it slow right now, but in full swing like 2-3k.

 

[Piledriver]

I don't care about flags.

I tell 'em, "I am a coin collector".

That explains everything, and they can like it or not.

I ask questions to find out not what they like, but what they will tolerate; then I plan accordingly.

Best to ya.

Keep on Rollin' !

PD.

 

[Local_coins]

I don't care about flags.

I tell 'em, "I am a coin collector".

That explains everything, and they can like it or not.

I ask questions to find out not what they like, but what they will tolerate; then I plan accordingly.

Best to ya.

Keep on Rollin' !

PD.

+1

I often say I collect them even when they don't ask to dispell any thoughts they may have and not ask me.

 

[n8dagr8345]

I have multiple bank accounts. Far more than 2. I have a primary account(Capital One) that I use for my day to day expenses. My other banks I just keep the minimum in to avoid all fees. I do not touch the minimum and it is always there. I then buy/dump coin with CASH ONLY!

This ensures I do not mix up my accounts, no need to balance, etc. etc. I take in the amount of cash I need for boxes and then return the box for cash. CASH ONLY!!!!

N8

 

[ArkieBassMan]

I only deal in cash - whether I'm buying or dumping. Its much more simple, and sometimes banks/tellers seem to prefer it. There have been a few occasions where a few banks were "on the fence" as whether or not they wanted to sell me their halves. Once they realized I was paying cash, they sold them to me instantly.

Also, numerous deposits/withdrawals can and often do look fishy when someone gets nosy. While there is absolutely nothing wrong or illegal with CRH, personally I am very much a "Pick your battles wisely" type of person. That is a battle I prefer to avoid, even though I know I can win the battle. Just because I know I can win a fight doesn't mean that I want to fight. I simply prefer to avoid the fight altogether - and it can be avoided by simply dealing in cash.

 

[namster]

You fellas dealing in cash, when you dump are you bringing the coins in bags or rolls?

 

[n8dagr8345]

You fellas dealing in cash, when you dump are you bringing the coins in bags or rolls?

Big old bag or bags of coins- Chuck em in the coin counter. Get cash back. Repeat

 

[namster]

You fellas dealing in cash, when you dump are you bringing the coins in bags or rolls?

Big old bag or bags of coins- Chuck em in the coin counter. Get cash back. Repeat

OK, roger that. Ill have to find a bank with a counter.