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kirkland
New Member
USA
0 Posts |
 Posted - 01/15/2010 : 16:38:48
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Hello everyone! I'm new to this, even though I have been hoarding copper pennies for almost 2 years. I have trouble dumping at many banks because they always get suspicious as to why I have so many pennies. Do you think it is okay to tell them about the whole copper thing, or should I just say that I'm a collector completing sets and I have unneeded pennies?
Any advice would be highly appreciated! :-)
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garnede
Penny Collector Member
USA
386 Posts |
Posted - 01/15/2010 : 17:11:52
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| I found that if you tell them you are a coin collector and search coins for collectable ones then they think nothing of it. That way you are telling the truth without telling them that the collectible ones are an investment in copper. |
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fb101
Administrator
USA
2856 Posts |
Posted - 01/15/2010 : 18:43:15
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| I second that garnede. |
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coppernickel
Penny Pincher Member
USA
131 Posts |
Posted - 01/15/2010 : 19:04:37
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There are very few people I have told that I 'collect' copper cents. My wife and family think I am crazy as it is and they don't want it known they live with a crazy person.
Most of my dumps are done at a credit union. I walk up to a machine it counts them and I take the slip to the counter. No one even asks.
Getting the cents is harder. They ask if it is for your business, if you say yes there is a 3% fee. If it is no then why? Then I tell them I am a collector. |
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/15/2010 : 20:49:30
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| If they ask me I just tell them I search through them for wheat pennies, which is true. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/15/2010 : 21:00:51
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| collector is the best. I usually then hear a story about thier father or grandfather collecting coins. They then feel like they can relate. Copper vs Zinc is too much for them to understand. |
You don't have to be the BEST you just have to be.......SLICK
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/15/2010 : 21:42:52
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| I use collector never had a problem. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/16/2010 : 08:14:03
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| Great advice, everybody. I think 'collector' is the easiest way to go, but if you have anything else to add, please post it. Thanks! |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 08:17:08
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| Yesterday I had the teller ask me what I did with them. I just said "I sort through them." and I was on my way. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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kirkland
New Member
USA
0 Posts |
Posted - 01/16/2010 : 08:23:14
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| Nice explanation, Shattered. Keep it brief and simple, I like that. |
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Dumping Advice
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