bags of coins from coin machine

[cntryislandboy]

has anyone tried their luck with the coin bags from the coin machines at banks. i didn't think anything of it untill standing in the bank talking with my teller and she mentioned people bringing is MASSIVE amounts of coins and cashing them in, mostly older people with duffle bags or huge buckets of change. I couldn't help with think of the treasures. in my reading it apperas most coin machines fill bags to a certain dollar about then they change the bag, so would be be wrong to ask the teller to purchase a bag of those coins. it would almost be like real treasure cause you really have NO CLUE what you would be getting. sounds like lots of fun to me, i might try that next time i go to the bank.

 

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[AGBlex]

buy buy buy

 

[kleinerschmitter]

I have and have not been skunked yet. Only searched like 4 bags off the counter though.

 

[Goldmanford]

If they will let you buy them and you have the cash, get them all. They won't sell off the counter in my area!

 

[Hi Ho Silver!]

First of all you should lnow that most of the newer machines "REJECT" silver and foreign coins! Most here seem to forget that.

 

[Kamyu]

I've only managed to get a coin machine bag once from a bank. I later found out they weren't supposed to sell it to me cause they couldn't verify the coin count. So far it's been my best score. 2-90's, 12-40's, and a 1943 Australian Penny. Also had 5 - 2 dollar canadian loonies, and 2 carwash tokens. Granted it was short 9 coins. But it was all good.

 

[GMan00001]

pretty much the only thing I search are bags off the machines. Though I almost always buy full bags and not partials.

Some banks will sell them and some won't.

Seems to depend on the bank/branch policy and whether or not the teller/manager knows what they are doing.

And sometimes the tellers just won't because they want to search it for themselves. (at least the halves)

Bags are just what becomes boxes later. If you can identify a branch that has the right type of clientele and will sell you bags, you can do really well with bags.

Some machines may reject silver, but I have yet to ever have a silver coin get rejected when cashing in and I still find some in almost every bag I do.

Best way is to try. Though one word of warning on bags, if the bank won't sell them to you... they just won't. Don't be pushy about it! I have heard from tellers of a lot of rude, pushy people asking to buy bags when I have been on road trips that think the bank has to sell it to them when in reality the bank can choose to if they want to.

 

[Generic_Lad]

Bags are a double edged sword. On one hand they can be your ticket to great scores (a $50 penny bag I bought ended up giving up $10 face in wheats and a handful of IHs) but they can be short. Majorly. And not just a few cents here and there but there have been bags ~$50 short. If you can't afford to take that loss, don't buy bags. If you want to continue to buy bags, don't complain if you get shorted, even if you get shorted a lot. Yes, there are some coin counters that reject silver, but most coin counters are supposed to reject the magnetic Canadian coins but some slip past the magnet into the bag so I wouldn't put much faith in the sorter fully rejecting foreign/silver. Also, most coin sorters aren't that advanced, especially the machines "in the back" yes coinstars will reject silver as will many user-facing coin sorters but most of the ones in the back? Nope.

If you can't afford a $20, $50 or even $200 loss by buying bags, don't. But if you can they can be your ticket to the best scores of your CRHing career.

 

[AGCoinHunter]

Bags are a double edged sword. On one hand they can be your ticket to great scores (a $50 penny bag I bought ended up giving up $10 face in wheats and a handful of IHs) but they can be short. Majorly. And not just a few cents here and there but there have been bags ~$50 short. If you can't afford to take that loss, don't buy bags. If you want to continue to buy bags, don't complain if you get shorted, even if you get shorted a lot. Yes, there are some coin counters that reject silver, but most coin counters are supposed to reject the magnetic Canadian coins but some slip past the magnet into the bag so I wouldn't put much faith in the sorter fully rejecting foreign/silver. Also, most coin sorters aren't that advanced, especially the machines "in the back" yes coinstars will reject silver as will many user-facing coin sorters but most of the ones in the back? Nope.

If you can't afford a $20, $50 or even $200 loss by buying bags, don't. But if you can they can be your ticket to the best scores of your CRHing career.

I second that. Had a bag of halves this week that was $28 short. Not fun.

 

[GMan00001]

Bags are a double edged sword. On one hand they can be your ticket to great scores (a $50 penny bag I bought ended up giving up $10 face in wheats and a handful of IHs) but they can be short. Majorly. And not just a few cents here and there but there have been bags ~$50 short. If you can't afford to take that loss, don't buy bags. If you want to continue to buy bags, don't complain if you get shorted, even if you get shorted a lot. Yes, there are some coin counters that reject silver, but most coin counters are supposed to reject the magnetic Canadian coins but some slip past the magnet into the bag so I wouldn't put much faith in the sorter fully rejecting foreign/silver. Also, most coin sorters aren't that advanced, especially the machines "in the back" yes coinstars will reject silver as will many user-facing coin sorters but most of the ones in the back? Nope.

If you can't afford a $20, $50 or even $200 loss by buying bags, don't. But if you can they can be your ticket to the best scores of your CRHing career.

It depends on the quality of the machine... I have been short a couple of coins a lot (usually due to foreign objects counted as coins), but I have also had a few bags that $75-$100 over and many that were $2 to $5 over. Usually the ones furthest off (up or down) are dimes. Half dollars are rarely over and are most likely to be short. This is primarily due to the fact that half dollar bags are on the machine the longest and as such have the most opportunity for missorts (pennies, nickels, dimes, quarters, etc. counting as half dollars).

When I got bags that were more than a $2 over, I usually reported them back to the bank as I was buying all their bags and they would otherwise never know there machine was malfunctioning. Everytime I did I was told to keep the extra. I rarely mention when I am short and when I do, I do it to allow the bank to fix their machine and don't expect them to pay me back. Most of the time when I have mentioned a machine being off it is when I am cashing in and my dimes are being counted as pennies. In those instances I only mention it when I am off by more then $1. I always cash dimes in first so I know none of my pennies are in the machine for this reason. Most times when I have mentioned being off by that much, the bank has offered to cover the difference.

Granted, I never put up a stink or demand anything from the banks. I just smile and roll with whatever they want to do. All in all, I think the bags I have had that were high probably covered most of my losses for shortages (not counting foreign coins as shortages) so I think I am close to even.

Bags do give you the best opportunity to buy a whole collection that is cashed in whreas boxes will only give you part of it as it will be spread amonst mulitplie boxes. Additionally, when you don't get a whole collection you are less likely to get someone else's rejects so long as you don't try to buy from someone's dump bank.

 

[Th3Offspring]

i have been shot down a few times when looking to buy machine bags of coins from banks I've never been to before or don't have an account at etc. so, I've been thinking about ways to "trick" the banks into selling me the entire bag or at least letting me look through it. I haven't actually done this, I know it is dishonest, but it wouldn't be stealing. So here goes: i am only 20 so i look young and was planning to use that to my advantage. What if i took a bunch of coins in say a coffee can to a bank with a coin counter and dumped 3/4ths of the can in to the machine before "realizing" that i was dumping my grandfather's coin collection. I would have misc. clad dimes a few quarters, and of course half dollars in the bucket to not look suspicious, but throw in some silver (not to be dumped but for show) into the bottom of the can. What do you think about my chances of success in getting the bank to let me either "buy the entire bag" or "cherry pick "my" coins out of the bag"? Again, i haven't actually done this but just thought about it. Who hasn't thought of a crazy scheme at least once in their lives right?

 

[madwest]

chances of success in getting the bank to let me either "buy the entire bag" or "cherry pick "my" coins out of the bag"?

There is one bank in my area that has a self-service coin machine. The one time I used it, it was rejecting a pretty fair number of heavily corroded Zn cents. The teller in charge of that machine noticed and told me that the next bag that filled, she would exchange the uglies for cents from the bag before sealing it and then I could run those through to get them to count.

I spied an opportunity and kept some clad halves that I told her didn't go through.

She didn't let me do the exchange to/from the bag. She did it and handed me a handful of clad for clad. I could see a Franklin and at least one Kennedy Ag and said "hey, can I pick which ones I want to exchange them for?" She gave me the look and shook her head no. Nothing else was said. I was already pushing my luck with the biggest dump imaginable (17 bag changes over about 1.5hr).