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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 10/11/2009 : 14:53:18
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I was wondering for those that get loose bags of pennies, this question: Have you ever taken pennies to your dump bank/banks and later i.e. weeks or months got your bag back at your pick up bank/banks?
In theory I would assume all armored car companies are pulling coin from the same federal reserve branch so your bag could arrive and be placed on a pallet only later to be sent back out back to you.
Probably unlikely, but I was curious to know if this has happened to anyone? Likewise, has anyone recently received an entire bag of zincs?
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george454
Penny Pincher Member
242 Posts |
Posted - 10/11/2009 : 15:21:34
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| I have never got my bags back but have got a few of my dump rolls, 20 to be exact. The bank at which I dump requires me to write my account number on the rolls, several weeks later I picked them up at my buy bank still in the rolls I rolled them as well as my account number on them. Kind of spooky that your number floats out there. After that I know dump my rolls at Walmart since they only ask me for my phone number. Would rather have random phone calls instead of someone in my account. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/11/2009 : 15:24:45
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Wow!
I didn't know banks required account numbers on coin rolls anymore. I guess it all depends on where you are located.
Still, like you, I would not want account numbers floating around. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 10/11/2009 : 23:05:12
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My main dump bank just told me they are now requiring I add my account number to every roll - likely to discourage my dumps. I'm switching dump banks as that is too much work.
I have gotten my dumps back at other branches a couple times. I can tell as I mark every roll with an S (for sorted). |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/11/2009 : 23:27:58
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They probably wouldn't require the account # if you machine rolled them. Here is the solution I worked out just in case this ever happened to me. Just preprint sheets of labels on your computer with your account number on them and sticker the rolls. I even have a label peeling device that sits on the desk out in the penny processing center. It automatically advances to the next row of lables on the sheet once you pull off the last label on a row. Very convenient device if you labeling a lot of rolls. And you know how I love machines.. lol.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 10/12/2009 : 22:30:26
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Nice! In this age of identity theft & bank fraud a legitimate financial institution is handing out customer account numbers. Doesn't anyone else find this behavior not only offensive but borderline criminal? (Not to mention a few other choice words that would get censored here.) If this is how they treat customers or law abiding folk, what do they do to thieves?
I'd dump that dump bank & report them to your local government financial regulators. |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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misteroman
Administrator
USA
2565 Posts |
Posted - 10/12/2009 : 23:15:43
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| Only boxes here and I always take them to a coinstar to dump so never got anything back |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/13/2009 : 06:24:21
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Some local banks have given me CWR's with names, phone numbers, and account numbers. Plenty of damaging information there. I'd NEVER return anywhere that required me to put my account number on rolls. Although I am lazy and I won't return rolled coins period.
Deal
p.s. I destroy any wrappers with any personal information in a fire. I can't just throw them away. |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/13/2009 : 09:58:51
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| you used to have to do it in North carolina until the privacy act now thats no more. I think its wrong to have to put it up there |
Inquiring minds want to know |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 10/13/2009 : 10:27:19
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| I think you should ask to see the bank policy on writing of account #s on rolls you turn in. I had a branch try to make me stand there and write my account on every roll I was turning in. I called corporate and it turned out that it is against their policy to make you hand write your account #. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/13/2009 : 10:47:29
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I've gotten rolls with SS#'s before!
Only one bank i buy from checks and scratches off numbers and they miss rolls all the time with numbers.
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"99% of all lawyers give the rest of them a bad name" 
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 10/13/2009 : 11:25:44
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| I've never been asked but I have seen rolls with account or phone numbers occasionally. If you think about it it's not really in the bank's interest to expose its account holders to fraud in this way because there's a good chance that they could be held liable if the account is compromised. As PennySaved was saying it's probably more a policy of short-sighted managers than a company-wide policy. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/13/2009 : 13:20:27
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| I would never put my SSN # or phone number or account number on a roll that is just going to be given out to someone else. I would try to work a deal with the bank to give them loose coin and they count it when you bring it in. |
Copper Penny Investing
www.portlandmint.com |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 10/13/2009 : 13:27:50
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| I've been checking around. Someone I know who works for B of A said you can bring a bag of pennies in and they send it somewhere to have it counted and then credit your account within 3 business days. Guess it would be better than rolling it all by hand. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Has this happened to anyone?
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