New CRH here!

[Arogers]

Hey guys! I just started wanting to hunting rolls. I work at a bank and ran across 4x 40% and 1x 90% half-dollars in the counter, so i decided to start looking. I can have half-dollar boxes ordered easily to go through. I might also want to go through some dimes, quarters, etc.

Can anyone offer up any advice for a starter? I know halfs are good to hunt, but in face valueunce , quarters seem good. Also, is it worth it to hunt pennies for wheaties?

Thanks in advance!

 

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[low xtreme]

welcome to the forum.

most people have good luck with the halves. quarters are the toughest to find silver, most people dont bother with them. dimes are ok, usually i find between 0-5 silver dimes a box. and yes it is worth it to search for wheaties if you want, people have good luck finding them.

 

[Arogers]

welcome to the forum.

most people have good luck with the halves. quarters are the toughest to find silver, most people dont bother with them. dimes are ok, usually i find between 0-5 silver dimes a box. and yes it is worth it to search for wheaties if you want, people have good luck finding them.

Thanks a lot. I know a box of halves is expensive to me since I'm still jsut a young guy. I was thinking of maybe doing a box of halves or quarters. I'm more into the silver stuff than pennies, but pennies are so freaking cheap to hunt for, you almost can't resist!!

I was hoping to start searching for silvers and rares here and there for my kid when he gets older. A teller today just found a '64 quarter this morning.

 

[schramm]

Hi Arodgers,It's nice to see another bank insider post on here.There was another teller on here a few months ago,but he disappeared .

Do you work at a big national chain bank or a small town/few branches bank?

Would you mind posting the TRUE fees that your bank charges or would charge a person who ordered a box of halves?

Many hunters on this site have been "threatened" with box fees(including myself),but the banks can't seem to produce any documentation spelling out what the fee's are or why they charge them.

I have been told before that banks have a contract with their carrier,whether it's Brinks,Loomis Fargo,Dunbar,AT systems or whoever and that they pay a "set" fee for a certain number of visits(delivery and/or pickup) per week or month and that they will bring whatever the bank orders($.01,.05,.10,.25,.50,1.00 coins) and haul away any coin or bills that the bank needs to have stored so it doesn't sit at the bank as a liability and take up space.

Can you confirm that this contract theory is correct or is it true,as some banks say,that they pay a "fee" for EVERY box that they order and pass it on to EVERY customer who buys a box of coin?

I have even been told by some banks that I can't even buy less than a box worth of rolls without a fee,the most common "per roll" fee I have come across is $.10 per roll .

Thank you for your insight and good luck .

 

[Patrick Earl Houston]

Were you from boy? If you in M-Town, don't waste ya time! I got da TN on lockdown!

 

[Arogers]

Hi Arodgers,It's nice to see another bank insider post on here.There was another teller on here a few months ago,but he disappeared .

Do you work at a big national chain bank or a small town/few branches bank?

Would you mind posting the TRUE fees that your bank charges or would charge a person who ordered a box of halves?

Many hunters on this site have been "threatened" with box fees(including myself),but the banks can't seem to produce any documentation spelling out what the fee's are or why they charge them.

I have been told before that banks have a contract with their carrier,whether it's Brinks,Loomis Fargo,Dunbar,AT systems or whoever and that they pay a "set" fee for a certain number of visits(delivery and/or pickup) per week or month and that they will bring whatever the bank orders($.01,.05,.10,.25,.50,1.00 coins) and haul away any coin or bills that the bank needs to have stored so it doesn't sit at the bank as a liability and take up space.

Can you confirm that this contract theory is correct or is it true,as some banks say,that they pay a "fee" for EVERY box that they order and pass it on to EVERY customer who buys a box of coin?

I have even been told by some banks that I can't even buy less than a box worth of rolls without a fee,the most common "per roll" fee I have come across is $.10 per roll .

Thank you for your insight and good luck .

I actually work for a large chain.

I love the box fee claim. They are just trying to deter you from ordering. Look at it this way: If you ordered the box, how many more trips would the Brinks guy make than if you didn't? NONE. You aren't increasing the visits, just the size of the shipment, and the bank pays for the service of delivery, not the money.

However, you have to look at it this way.... banks' cash is like a company's inventory. They manage what cash they have on hand. You can't go in just assuming everyone has the change on hand to toss out a box of coins. Larger banks will, smaller towns and smaller banks most likely won't.

I suggest making a good friend at the bank if you want boxes ordered. Ask the bank where your accounts and stuff are at if you can order boxes to be added to their shipments. Working at the bank I wouldn't even walk up and ask for a box of quarters. If I tell my co-worker to order and extra box for me, it's no problem at all. It doesn't affect us being short on our cash "inventory".

So far I'm at:

JFK 40% ------- 4
JFK 90% ------- 1



Plus, I called the branch down the road from us that is much larger. The teller is running the bag still in the counter for me to pick up tomorrow after work. she said there is "Like $100 worth in there". haha

I'd also like to make a note about counters. Never ever ask for dimes or nickels out of a sorter. Ask for boxes. Most banks use counters that sort by weight and size, so the silvers are spit out into a rejects box or the halfs..... However, halfs are all shot into the halfs bin. That is how I get them. The tellers I work with grab all silvers, but they have no idea what halfs are silver.


Also, are there any Sacajewea Dollars that are valuable?

 

[pepperpump]

Arodgers, welcome aboard, I say start with whatever is easiest to afford and buy. I do reccomend staying away from quarters though, already heavily searched. Post your finds and good luck!
Pepperpump

 

[low xtreme]

sounds like dimes are gonna be your best bet. usually i go though 5 boxes of quarters to find 1. you can almost always find some silver in a box of dimes, uslually a few.

 

[Emperor Findus Cladius]

I have a question concerning the fee thing. Doesn't Brinks charge a fee to the bank for each box? If not, how does Brinks make their money from the bank?

 

[Arogers]

I have a question concerning the fee thing. Doesn't Brinks charge a fee to the bank for each box? If not, how does Brinks make their money from the bank?

We don't use Brinks, so I don't know. My understanding has always been that they are charged per visit, not for more currency. I'm sure different carriers are different on fees. We are actually a large chain, so I don't now anything about the fees since they are handled at a national level.

 

[GMan00001]

I have a question concerning the fee thing. Doesn't Brinks charge a fee to the bank for each box? If not, how does Brinks make their money from the bank?

Personally, I think the bank typically pays armored service fees on a per visit basis, but I also believe that what fees the armored service charge their customers are negotiated and different banks have different contracts.

For example, some banks get a weekly (or more) visit from the armored car to pick up and drop off coins and currency. These banks probably pay mainly on a per visit basis if they have a choice.

Other banks roll their own coins and only order service when they need more stock or have too much stock. These banks probably pay as they need the service so essentially per box....sort of.

I had 2 boxes of halves on order for month at one branch of my credit union. There was no fee as long as it wasn't going to be a long term thing. The lead teller there didn't even know what the fee would be as it didn't sound like a direct charge on a per box basis that was clear in their contract with the armored service. At another branch of the same CU, she wouldn't even consider ordering me a box without figuring out what the fee was first. And for 4-6 visits in which I have asked she still hasn't figured it out.

 

[Chicago Ron]

Arodgers, welcome aboard, And good luck with what ever denimination you look through. Dollars are hot right now with all the pres errors. Adams dollar errors are coming out from the detroit, mi area around into Ohio. Smooth edge and double struck edges.

Chicago Ron