koala33
Sr. Member
I started $1K/week and now I am going to try and do $3-5K/week in Kennedy halves. I buy from 2 banks, and I open every rolls then take in $1K to my credit union and dump in the machine. While this was ok at first, I think it is going to get old fast.. Why? Every time I do $1K they have to empty the bag/reset the machine 1-2 times. They say they don't mind but they probably do. What is a better approach?
Here is what I am thinking - please tell me your thoughts...
I am going to start weighing the rolls carefully - I won't even open the ones that show a weight that will probably be a skunk ~226g + the wrapper. This way I can take the majority of the rolls back to a different random bank and get cash. Then the leftover loose halves from the "good rolls" will be a lot less - maybe ~1-200/week rather than $5K.
My limiting factor at this point is cash. I am working with $1K at a time.
So I take $1K to the bank and buy 2 boxes. That night I sort them, and the next day I cash in the coins and go back to the bank to get 2 more boxes. I live on base, and the bank and the coin machine (2 separate buildings that are next to each other) right now are only a mile away. So gas isn't an issue.
If I revert to taking unopened rolls, I may miss some silver, and I also will have to drive into town to take them to a different bank (~10 mile drive 1 way).
I am trying to think of the best way to do this. We all know some boxes are skunks and others are wonderful.
What is your method? Coinstars would be great if they didn't have a 9% fee - that machine would fill up quick anyways..
Even if I found different banks where I could open accounts that have free coin machines for members, going through $5K/week still would seem a bit tedious doing it completely by machine - for the tellers anyways...
I haven't found enough silver yet to even bring them goodies to make up for the work they have to do.
Here is what I am thinking - please tell me your thoughts...
I am going to start weighing the rolls carefully - I won't even open the ones that show a weight that will probably be a skunk ~226g + the wrapper. This way I can take the majority of the rolls back to a different random bank and get cash. Then the leftover loose halves from the "good rolls" will be a lot less - maybe ~1-200/week rather than $5K.
My limiting factor at this point is cash. I am working with $1K at a time.
So I take $1K to the bank and buy 2 boxes. That night I sort them, and the next day I cash in the coins and go back to the bank to get 2 more boxes. I live on base, and the bank and the coin machine (2 separate buildings that are next to each other) right now are only a mile away. So gas isn't an issue.
If I revert to taking unopened rolls, I may miss some silver, and I also will have to drive into town to take them to a different bank (~10 mile drive 1 way).
I am trying to think of the best way to do this. We all know some boxes are skunks and others are wonderful.
What is your method? Coinstars would be great if they didn't have a 9% fee - that machine would fill up quick anyways..
Even if I found different banks where I could open accounts that have free coin machines for members, going through $5K/week still would seem a bit tedious doing it completely by machine - for the tellers anyways...
I haven't found enough silver yet to even bring them goodies to make up for the work they have to do.
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