No more coins

[boonestone]

My credit union has stopped selling me coins, only 2 rolls a day, no boxes. My grandson started CRHing about 1 month ago and everything was fine. Is this what banks are doing now? I live in Utah.

 

[Silver Saver]

My credit union has stopped selling me coins, only 2 rolls a day, no boxes. My grandson started CRHing about 1 month ago and everything was fine. Is this what banks are doing now? I live in Utah.

It happens. It can be a cost for the bank. Look for a different bank, there are good ones out there that will have no problem ordering boxes.

I'd just say don't return the coins to the same bank you pick up from, to keep them happy.

 

[IHC656]

My credit union has stopped selling me coins, only 2 rolls a day, no boxes. My grandson started CRHing about 1 month ago and everything was fine. Is this what banks are doing now? I live in Utah.

My bank here in Michigan will still do it.
But had our credit Union stop. I believe it’s up to the branch if they want to sell or not.

 

[galenrog]

Most bank and Credit Union branches have contracts with their cash management service (Brinks, Loomis, Garda, etc) stating the maximum of coin and currency delivered and removed on a regular basis. Anything beyond this incurs costs by the bank or credit union branch. Were I in their business, I would take reasonable measures to reduce that additional cost as much as possible.

 

[Trezurehunter]

I've never had a problem ordering or buying halves. The only thing I have run into lately is that the banks want you to have an account to buy them.

 

[MIhunter]

The best deal is to find bank branches that get in more coin from customers than then need. They are happy for you to show up and take whatever coins they have.

 

[xr7ator]

Banks make zero money trading paper dollars for coins. It's really that simple.

 

[galenrog]

The best deal is to find bank branches that get in more coin from customers than then need. They are happy for you to show up and take whatever coins they have.

Agreed. The specifics in their contract with a cash management company (Brinks, Loomis, Garda, etc) may prevent that from time to time, however.

 

[REDFERN02]

My credit union has stopped selling me coins, only 2 rolls a day, no boxes. My grandson started CRHing about 1 month ago and everything was fine. Is this what banks are doing now? I live in Utah.

My credit union has done the same in NE FL no more buying change. I went to 2 other banks last week and asked and it was not a problem. One of the banks I wasn't even a member. Hit all the other banks around you and see which ones will co-operate. I also hit grocery stores in the area. They are usually good for a couple of rolls per grocery store.

 

[Ben Cartwright SASS]

My bank still allows me to order boxes although I haven't in a bit, they also sell the bags off the counter and I may start doing that rather than going through skunk boxes of halves. Problem is that most of the quarters are from a laundramat and I am pretty sure they go through the quarters before dumping them.