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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 07/23/2010 : 11:59:42
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For the last 3 weeks, a local Wells Fargo has been selling me $500 of halves that they order in every week. They seemed glad to get rid of them.
Last week they said they could start ordering me my own box.
I got a call today and the head teller said that management said they can only sell me $100 at a time. Weird huh?
Luckily, I had a local chase order me $1k for next week.
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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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TXBullion
Penny Collector Member
374 Posts |
Posted - 07/23/2010 : 12:09:06
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| PennySaved, you are just getting the hi road from everyone! |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/23/2010 : 13:44:21
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| This will happen to all of us sooner or later. The banks are tired of eating the expenses of feeding our hobby. There is nothing in it for them, and they want to make money. If they really do charge merchants by the roll, then think how much of a beneficiary we've been for the many months/years some have been searching. I am no friend of banks... so let's sort as much as we can still squeeze from them while we can... before they cut all of us off completely. They are trying to discourage you from ordering, that's clear. Too bad. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/23/2010 : 13:54:24
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Well I am glad I ordered that 1K from the other bank that should keep me semi-busy :-)
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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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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 07/23/2010 : 16:28:55
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| My advice is to continue to take what they will give you. Be very nice, and occasionally ask if you could get more. I have had banks cut me off, but I keep going back asking, and they usually start ordering for me again. I also had one bank charge me by the roll. I paid the fees for a few weeks, and I'd get these odd reciepts in the mail from the bank, and eventually they just quit charging me, as too much of a hassle for them. Also, branch management seems to change frequently, and with it, the policy. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/23/2010 : 16:53:53
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| Yeah appears it must be based on branch management. I went to a Well's Fargo down the street from work and they were more than happy to order me a $500 box for next Thursday. |
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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misteroman
Administrator
USA
2565 Posts |
Posted - 07/23/2010 : 22:38:24
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| Well as long as they keep selling you nickels! |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/27/2010 : 17:48:35
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Good news; she accidentally ordered too many halves this week and she sold me $700 worth instead of the $100
There were six 40% halves in the $500 box, three proofs 1982 S, 1971 S, 2002 S; two 2006 D; havent checked the other $200 |
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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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/27/2010 : 18:09:24
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quote:
Originally posted by beauanderos
This will happen to all of us sooner or later. The banks are tired of eating the expenses of feeding our hobby. There is nothing in it for them, and they want to make money. If they really do charge merchants by the roll, then think how much of a beneficiary we've been for the many months/years some have been searching. I am no friend of banks... so let's sort as much as we can still squeeze from them while we can... before they cut all of us off completely. They are trying to discourage you from ordering, that's clear. Too bad.
I don't take it for granted that the banks will always sell us the coinage in the amounts that they have been. I advise that we get what we can as soon as we can. |
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Think positive. |
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hobo finds
Penny Hoarding Member
838 Posts |
Posted - 07/27/2010 : 18:14:50
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quote:
Originally posted by PennySaved
Good news; she accidentally ordered too many halves this week and she sold me $700 worth instead of the $100
There were six 40% halves in the $500 box, three proofs 1982 S, 1971 S, 2002 S; two 2006 D; havent checked the other $200
Bring her candy! |
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Klark Cent
Penny Sorter Member
USA
68 Posts |
Posted - 07/27/2010 : 21:20:35
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by beauanderos
This will happen to all of us sooner or later. The banks are tired of eating the expenses of feeding our hobby. There is nothing in it for them, and they want to make money. If they really do charge merchants by the roll, then think how much of a beneficiary we've been for the many months/years some have been searching. I am no friend of banks... so let's sort as much as we can still squeeze from them while we can... before they cut all of us off completely. They are trying to discourage you from ordering, that's clear. Too bad.
I don't take it for granted that the banks will always sell us the coinage in the amounts that they have been. I advise that we get what we can as soon as we can.
I keep thinking the same thing. It makes me wonder if I should just hang onto my zincolns (when sorting pennies), since I'll probably be wanting them back in a few years and might not be able to get them so easily.
If I keep the zinc cents, then I don't even need to sort - just stash boxes. |
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Wells Fargo won't sell me over $100 halves
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