Get $5 Bonus per $100 of Dump - Regional

[LooseChange]

In SE Wisconsin, a regional bank will pay you $105 for each $100 fv of coin.

https://www.cnn.com/2020/07/19/us/coin-shortage-banks-paying-trnd/index.html

 

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[Diver_Down]

In SE Wisconsin, a regional bank will pay you $105 for each $100 fv of coin.

https://www.cnn.com/2020/07/19/us/coin-shortage-banks-paying-trnd/index.html

It reminds me of back in the 70's when banks would give full credit for short rolls. Any incentive to turn in coin.

 

[Rosco53]

I'm tempted to try to turn in my $50 in canadian cents

 

[port ewen ace]

I'm tempted to try to turn in my $50 in canadian cents

 

[Twitch]

You WI are going to profit way more from dumping than the AG. $10k in halves is worth $10,500 Wow.

 

[Roll Hunting Family]

In SE Wisconsin, a regional bank will pay you $105 for each $100 fv of coin.

https://www.cnn.com/2020/07/19/us/coin-shortage-banks-paying-trnd/index.html

I saw that in the news last week. I believe there's a bank in Arizona doing the same thing. Just waiting for a bank in my neck of the woods to start doing this, and fingers crossed that they'll give bonus funds for depositing halves. I suspect they won't, given that they're still ordering boxes of halves for me at no charge...

 

[GMan00001]

For those in TX, the bonuses look like 10%...everything is bigger in TX.

https://gvwire.com/2020/07/15/as-coin-shortage-persists-some-banks-pay-a-bounty-for-small-change/

 

[mountainman 2]

Time to bring in those bucketfulls of copper cents

 

[Roll Hunting Family]

Time to bring in those bucketfulls of copper cents

Not unless the bounty is 2 for 1.

 

[Diver_Down]

Not unless the bounty is 2 for 1.

Let me know when you sell a copper cent for $.02/each. It is nice and theory to say they are worth that much, but they are only worth what someone will pay.

 

[Roll Hunting Family]

Let me know when you sell a copper cent for $.02/each. It is nice and theory to say they are worth that much, but they are only worth what someone will pay.

I'm well aware... But the penny cannot live forever! Sooner or later, currency reforms are coming. And I'd argue that Coronavirus will accelerate the abandonment of the penny. And when that day comes... Me and my bucket of 97.5% copper will reap a cool hundred dollars in profit! Muahahahah!

 

[Diver_Down]

I'm well aware... But the penny cannot live forever! Sooner or later, currency reforms are coming. And I'd argue that Coronavirus will accelerate the abandonment of the penny. And when that day comes... Me and my bucket of 97.5% copper will reap a cool hundred dollars in profit! Muahahahah!

Good luck with that. I hope you can squeeze more than hundred out of the bucket. Sitting on bricks of copper for decades was one of the worst hedges I ever made. I was glad to unload them a few years ago. And while I did make a profit over the face value, I would have been better off in buying some junk silver and flipping it during that tenure. It certainly would have taken up less space.

 

[Roll Hunting Family]

Good luck with that. I hope you can squeeze more than hundred out of the bucket. Sitting on bricks of copper for decades was one of the worst hedges I ever made. I was glad to unload them a few years ago. And while I did make a profit over the face value, I would have been better off in buying some junk silver and flipping it during that tenure. It certainly would have taken up less space.

This hobby has extremely little to do with my finances. I mean, if this were just about the money, I'd be better off working at McDonalds than spending all this time looking through coins. I search pennies, I find a few wheaties per thousand, and pulling out the coppers gives me something fun to do with the rest of them. Hell, if it became legal to melt pennies tomorrow, I'm not even sure I WOULD sell them... There's probably more than $100 in sentimental value in them at this point.

Even when I find several 90% silver half dollars, it's not like I run to the bullion store and sell them. I'm just stacking them up, and I'm not sure when (or if) I'll ever sell them, unless the world really goes to seed in a way I'm not anticipating.