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jfranz965
New Member
USA
8 Posts |
 Posted - 02/03/2010 : 01:40:28
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I am new here, I was just wondering how many boxes of pennies you guys pick up at the bank at a time and how many boxes you return at a time without upsetting people at the bank? Also I’m wondering do you guys use a cart to pick the pennies up and drop them off?
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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kirkland
New Member
USA
0 Posts |
Posted - 02/03/2010 : 07:41:50
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| Welcome! I am not quite the level of some of the Realcenters on here, but I usually buy one to three boxes a day, and maybe some loose rolls too. Dumping is what holds me back. I still don't have a very good situation with my dumping. It is a horrible thing to go through. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/03/2010 : 08:09:34
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| I try to get aa bag or two per week. Dumping is no problem for me. I'm trying to do more this year as I feel this may be the last good year before changes in the penny. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/03/2010 : 08:17:34
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| I buy all the bags they have at 2 Credit Unions. I also order several hundred in boxes. I also have a few that call when they have CWR's that they want to get rid of. Getting pennies has never been a problem. Now getting rid of them can be a challenge |
You don't have to be the BEST you just have to be.......SLICK
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/03/2010 : 09:52:12
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Standard pickup for me is 24 boxes at each of several banks. A cart is one of the best investments you can make if you are going to do serious volume. Mine is a flat dolly cart with fold down handle and a 660 lb. capacity. For returns I spread them around to several dump banks.. usually never more than $200 at a time. 4 bags are easy to carry without a cart.. and the other dump banks like my machine rolled boxes at about 4-6 boxes per time. I learned the hard way about dumping too many in one location. I got cut off from my main dump bank after returning 60 bags in one week using my squeeky wheeled cart.. 12 bags every day. I can't imagine why they cut me off. Spread your dumps around.  |
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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scaryman
New Member
USA
5 Posts |
Posted - 02/03/2010 : 11:34:26
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| New to forum, but been sorting for a couple years. I have one pick up bank that lets me buy $50.00 bags from their counter--I get the nickels too. I have dump bank in another town where I bring the zincos to deposit. I bring them loose in canvas mint bags, but make sure they weigh less than 20# so the girls can handle them. I only use the one pick up bank so I'm limited to whatever they have coming in--usually 4-6 bags per month. I hand sort and can run through a bag easily in two evenings of watching TV. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/03/2010 : 13:25:53
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| HCBTT, 60 bags in one week. I can't believe you got them to take 12 2 days in a row. Being called in on the carpet is never a good thing when you are dumping. |
You don't have to be the BEST you just have to be.......SLICK
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jfranz965
New Member
USA
8 Posts |
Posted - 02/03/2010 : 18:06:18
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| I wish the banks had a loading dock that I could back my truck up and fill the box up. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/03/2010 : 21:21:59
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quote:
Originally posted by jfranz965
I wish the banks had a loading dock that I could back my truck up and fill the box up.
Now that would be nice. I wish i could order from the armored car service and skip the banks. |
You don't have to be the BEST you just have to be.......SLICK
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/07/2010 : 01:24:29
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quote:
Originally posted by slickeast
HCBTT, 60 bags in one week. I can't believe you got them to take 12 2 days in a row. Being called in on the carpet is never a good thing when you are dumping.
lol.. yeah, this was in the early days when I was still learning. 12 bags was my standard dump amount.. and when I started cranking up the volume I just started dumping every day without even thinking I might want to spread it around a bit more. I was definately pushing the envelope on this one. This is how we learn. |
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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Be Nice to BankTellers
Penny Sorter Member
USA
77 Posts |
Posted - 02/07/2010 : 09:21:58
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I have yet to have a bank agree to order boxes for me :(
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Grandpa always told me, "Back in 1964..." I listened.
Selling copper cents @ $2.50/lb. + shipping. |
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Be Nice to BankTellers
Penny Sorter Member
USA
77 Posts |
Posted - 02/07/2010 : 09:23:20
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| Maybe I should change my moniker. |
Grandpa always told me, "Back in 1964..." I listened.
Selling copper cents @ $2.50/lb. + shipping. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/07/2010 : 10:30:58
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| Nah.. I like the monikier. It is sometimes just luck. I am always nice to Bank Tellers. Yesterday I had another new one offer to order bank boxes for me. She suggested it. We are just starting out with 2 boxes a week, but it's a start. I think there is some saying about a camel getting his nose under the edge of the tent. She is going to be getting some chocolate soon. Usually only 1 teller takes care of the coin ordering.. that is the one you want to be even nicer too. But always be nice to all of them.. this responsibility is often shifted over time. It's great when a teller you have a good relationship with becomes the one responsible for coin ordering. |
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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twocents
Penny Collector Member
398 Posts |
Posted - 02/07/2010 : 11:49:21
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quote:
Originally posted by HoardCopperByTheTon
Standard pickup for me is 24 boxes at each of several banks. A cart is one of the best investments you can make if you are going to do serious volume. Mine is a flat dolly cart with fold down handle and a 660 lb. capacity. For returns I spread them around to several dump banks.. usually never more than $200 at a time. 4 bags are easy to carry without a cart.. and the other dump banks like my machine rolled boxes at about 4-6 boxes per time. I learned the hard way about dumping too many in one location. I got cut off from my main dump bank after returning 60 bags in one week using my squeeky wheeled cart.. 12 bags every day. I can't imagine why they cut me off. Spread your dumps around.
HCBTT, why don't you just contract with the Fed. You do enough volume that they would probably open up a branch right next door to your house!
I am pleased to say that I am slowly making headway with the tellers at my bank. I went in for my $200 pick-up, and they offered me $300 without needing to ask.
The bad news is, I set up my sorting station in the garage, which is not heated. I have found that opening 40 degree rolls of pennies is not fun, and I don't like the loss of dexterity with gloves. So I am hoarding unopened boxes of unsorted cents right now. My Ryedale will soon be staring at $2000 of unsorted pennies. I may have to talk to slickeast about making extra hopper space before long.
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Just my two cents! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/07/2010 : 12:09:06
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I would like to have a direct deal with the FED, but I don't think they would deliver.
I set my sorting operation up out in the garage too. Insulated and sheetrocked it. It hardly ever gets down to 40 out here.. but I have heaters out there if it ever does.
A possible solution: Find some space in the bottom of a closet or something to use as a "warming zone." You can store a day's worth of pennies in there. Just open them and dump in a bucket while you are watching TV or on your computer. Then you can run them out to the garage for quick processing, or since the Ryedale is portable, just sneak it into the house and do some stealth sorting. |
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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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 02/10/2010 : 09:59:08
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Hey two cents. I made a couple extra hoppers for my one machine.
Here's what you do. Get a plastic food bucket. They would typically hold pretzels or animal crackers. CAREFULLY, cut the bottom out and put the top of the bucket into the hopper. You might want to check that it fits the hopper first. But now for me i use one bucket on top of the hopper and i can easily load over $70 dollars in one sitting.
Downside is a jam or bad penny in the hopper means you need to shovel the bucket out. Just a thought for your $2k sort coming up.
I also have no advice for your hands being cold. Good luck. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 02/10/2010 : 10:41:24
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Hi Twocents,
Try making a pair of close-fitting gloves with the fingertips cut off. Not the whole finger; gotta keep those finger joints warm. I have neoprene sailing gloves that are made for your conditions, but I'm sure a cheaper home-hacked solution would at least help.
quote:
Originally posted by twocents
The bad news is, I set up my sorting station in the garage, which is not heated. I have found that opening 40 degree rolls of pennies is not fun, and I don't like the loss of dexterity with gloves.
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Edited by - Zyll on 02/10/2010 10:43:24 |
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Steel Talon
New Member
USA
7 Posts |
Posted - 02/10/2010 : 23:15:29
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| I also am no where near the volume as others are here maybe 100.00 evry two weeks. I use my returns for grocery money so I take them to the coin star machine. |
Take your time... Don't live too fast,
Troubles will come and they will pass.... YB45DP |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/11/2010 : 00:09:22
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| Does the Coin Star give you certificates you can use at the grocery store do you lose the 8.9%? |
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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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 02/11/2010 : 06:20:32
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quote:
Originally posted by HoardCopperByTheTon
, just sneak it into the house and do some stealth sorting.
I sort in the house. Usually late at night when everyone else is upstairs. Or I do it when the wife is gone and kids are using their time on the Wii.
If the wife takes the kids somewhere, I sneak out the Ryedale. 1. It doesn't bother anyone. 2. My wife knows my goal is to sort $100 per week. If she is gone and I sort an extra $100, I'm further ahead.
Isn't that one of the signs of addiction, when you try to hide it?? |
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Be Nice to BankTellers
Penny Sorter Member
USA
77 Posts |
Posted - 02/11/2010 : 20:51:41
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I went to a new branch and now they have set me up a standing order for $100/wk. I asked for pennies, and someone said "oh, you are like the half dollar guy who comes in. I guess you will be our penny guy. How much do you want?" I asked for $100, and the teller said I will call you when they come in. When I picked up the $100, she offered "Do you want another $100 next week?"
Music to my ears. Now my goal is to get this arrangement at 5 banks. |
Grandpa always told me, "Back in 1964..." I listened.
Selling copper cents @ $2.50/lb. + shipping. |
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Picking up pennies and returning them
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