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jldco
Penny Pincher Member
USA
114 Posts |
 Posted - 10/28/2007 : 14:38:44
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As you can see, I’m very new to the board. But, I’m not new to banks. I’ve been in and out of bank back rooms and vaults for 20 years selling supplies and equipment. One thing I think many us overlook as we buy our coins, whether pennies or silver, is the tellers and bank employees who might collect. On more than one occasion I have asked a teller if they collected silver coins. If they say yes, I ask what they do with them. Most of them don’t know what to do with them nor do they know the true value of what they hold. I recently bought all the quarters and halves (clad and silver) from the cashier of a large country bank who was not a teller. She was tickled to get 5 times face for the silver and I was happy to sell it for 7.5 times face. The next time I was in the bank I bought $500 worth of halves from the vault (all they had and were happy to liquidate) that had been there quite a while. The results were a little disappointing, but worth the ten minutes it took to go through them.
It may be a little different from how you usually do things, but can be quite profitable and land you some more working capital or add to your hoard. The fact that many of you are at the same banks week after week buying or selling coins, lends credibility to who you are and what you do. You are to some degree, after all, experts at what you are doing. If you let it be known that you will buy private hoards it will only bring you more good fortune. Remember, profit is not a dirty word.
jldco
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Edited by - jldco on 10/28/2007 14:50:18 |
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