"String" boxes? How much do you pay to get your halves?

[Delta2187]

"String" boxes? How much do you pay to get your halves?

Please take it easy - nube questions...

1. What are 'string boxes'?
2. Do your banks charge you for ordering coins? What if you are getting a lot of halves ($3k+/week)? Two local bank chains have said that they can't/won't order halves, another bank said that they charge - but haven't gotten back to let me know what the charges are. I've seen several people post that they check tens of thousands of halves per month - are they contracting/paying Brinks or another carrier to deliver directly to their houses? Paying the bank(s)?

I'm currently doing 1-2K per week in halves but I haven't been able to find any bank that will accept bagged dumps - only rolled halves, and rolling 2K in halves gets old pretty quick!! Any advice on what banks accept dumps in the 1k coin bags?

Thanks for sharing!

 

[ArkieBassMan]

Re: "String" boxes? How much do you pay to get your halves?

1. "String" boxes are a bit of a fallacy. "String & Sons" manufacture the coin wrappers - they do not process coins. The main (maybe the only?) coin processors are Loomis, Brinks, Dunbar, and Garda. I know Loomis uses "String" wrappers. Brinks doesn't. I can't say for the others, as I have never seen a Garda or Dunbar roll.

2. I'm lucky in that no bank has ever charged, or even mentioned the word "fee" to me for buying or dumping. However, I typically only find 1 40%er per 2 boxes, so there is no way I would ever pay a fee to do either. If my boxes produced like a couple of posters on here, I would pay a reasonable fee if I had to. All CRHers deal with banks. I have never heard of anyone dealing directly with a courier. I'm fairly certain they only deal with banks/businesses, and I would imagine the fees would be fairly steep.

Shop around. Likely there is a bank near you that will order boxes for free. If not, try negotiating with a bank. Offer to move all your accounts to their bank if they'll order you a few boxes a week. I'd be surprised if one or more won't take you up on that offer. I suggest trying the smaller/local banks first. In my experience, they're usually much more accommodating.

As for dumping, odds are there is a bank that has a free coin counter available. Sometimes these are not self-service in the lobby, but rather they're hiding in a small room behind the tellers' counter. You have to lug your coins to the teller and the teller puts the coins through the machine. All you can do is ask a teller if they have one. Often it isn't an advertised service. If none are available, you'll just have to re-roll if you want to CRH.

 

[clovis97]

Re: "String" boxes? How much do you pay to get your halves?

As usual, ABM has given you excellent advice.

For me, I would never pay for boxes in my area. They are very skunky...I just ended a 33 box skunk streak.

 

[Piledriver]

Re: "String" boxes? How much do you pay to get your halves?

Several banks have ended my CRH'er activities by charging fees.
I cannot meet my costs while paying fees for boxes or dumping.