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aukizy
New Member
USA
18 Posts |
 Posted - 02/05/2010 : 13:36:36
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Cashed in 47.00 in pennies and got 2 boxes I added a few dollars a course. They looked at me like I was crazy.. All excited now. I have 50 dollars to go through....woohoooo
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Kurr
1000+ Penny Miser Member
2906 Posts |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 02/05/2010 : 14:10:02
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| Listen to Kurr; don't poo where you eat, as the saying goes. Happy hunting and good luck! |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 14:56:03
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Right. I think it is great you got the $50 in pennies, but an exchange like that raises too many flags. Just make sure you don't dump at Wells Fargo, because you will find that it is the best bank for pennies. Good luck!  |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/05/2010 : 15:34:02
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| they are all right about dumping where you get your coins from |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 02/05/2010 : 15:39:43
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| The second time I ever went to the bank I got $50. They have yet to cut me off. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/05/2010 : 15:51:15
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| Taking pennies back to a source bank is the #1 NO NO in the penny sorting world. This will get you cut off quick. If you don't believe us, try it for 1 month with $200+ orders. |
You don't have to be the BEST you just have to be.......SLICK
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 02/05/2010 : 20:22:42
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| There are exceptions to the don't dump at your source rule. I did it on Monday. I knew that they had two boxes of LP4 in the vault, but they wouldn't part with them last Friday because it would have left them short. I took them two bricks of hand wrapped rolls and they were happy to exchange them for me. |
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garnede
Penny Collector Member
USA
386 Posts |
Posted - 02/05/2010 : 20:56:50
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| Then only time it is ok to dump at a source bank is when you are dropping it off bagged, because it has to leave the bank to get counted and re rolled. The even bigger issue is if you don't get cut off you will end up getting your own coins back. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/06/2010 : 00:07:40
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| Very occasionally you can do a swap but only if they offer. I just dumped a bunch of pennies and nickels the teller said - oh I'll need to ship these. She asked what I do with coins and I said "look for old ones". I have not dumped there for a couple weeks so I said something about her already having a lot of coins on hand. She offered to swap 6 boxes straight across which worked out great. But I would not recommend this as a regular strategy. I've gotten my marked rolls back several times from source banks I never dump at so I never buy from dump banks. |
“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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nokozan
Penny Sorter Member
35 Posts |
Posted - 02/06/2010 : 00:21:49
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| dont bite the hand that feeds you! |
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Cherokee_Bill
New Member
USA
22 Posts |
Posted - 02/07/2010 : 12:53:45
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I dump at my credit union. They have a coin sorter there. After I dump I'll wait a few days then get another bag of pennies.
As long as it works for you......Keep doing it. |
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dixiebooks
Penny Sorter Member
USA
92 Posts |
Posted - 02/08/2010 : 20:26:25
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| I use my CU as a dump bank. I primarily use one particular branch for this. What if I use the other branches as sources and get them to order for me? Anyone have experience w/ that? There are a few dozen other banks and CU's in the area that I use strictly for sourcing, never dumping. Thx. -js |
James.M.Wagner
eBid, my faorite greedBay alternative: http://us.ebid.net/perl/normal.cgi?ref=800619&mo=register-main |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 02/09/2010 : 10:42:27
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| Its great that you're excited, however I have few warnings as well. This can become very addicting. It starts with pocket charge then you buy a few rolls, the next thing you know, you're wondering how many boxes your car's suspension system can handle. Also be careful with handling the boxes. The first time bought a box I almost dropped it on my foot! That would have been an embarrassing trip to the Dr. Good luck! |
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garnede
Penny Collector Member
USA
386 Posts |
Posted - 02/09/2010 : 12:03:25
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| There is no problem with selling at one branch and buying at another. Most of the time banks hold on to coins in the vault and wait for someone to request them. But if you overload a branch with thousands in pennies then they will have to send them out to make room in the vault. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 02/09/2010 : 14:13:01
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Welcome, enjoy, and see your hard work pile up!
~ JobIII |
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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First Trip To the bank
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