| Author |
 Topic  |
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 07/27/2010 : 16:28:47
|
|
I have been sorting halves the last month. I've been trying to limit my turn in to an individual bank to $250 worth. Is $500 too much to turn in to one bank? What is your usual max?
|
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 |
Edited by - PennySaved on 07/27/2010 16:32:50 |
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 07/27/2010 : 16:42:16
|
| I dumped $4500 about a week ago. I also am using their lobby machine |
You don't have to be the BEST you just have to be.......SLICK
|
 |
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/27/2010 : 16:46:28
|
| What if it is a Wells Fargo or a Chase that doesnt have a machine and you have to turn them in wrapped? |
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 |
|
|
|
UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 07/27/2010 : 17:14:18
|
For a machine I usually wont dump more than $800 at a time...usually $400 or so at a few different banks.
As far as wrapped goes it can be a bit of a pain...the most I've ever dumped rolled is $250...carried them in a ziplock bag.
You've gotta feel the banks out...some give you the look at $500...others don't even flinch.
It also depends on how much you're sorting through and how quickly you need to turn the coinage back into cash. If you've got a week or two you can always spread it out. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
|
|
|
wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/28/2010 : 09:30:47
|
quote:
Originally posted by UDEric
You've gotta feel the banks out...some give you the look at $500...others don't even flinch.
It also depends on how much you're sorting through and how quickly you need to turn the coinage back into cash. If you've got a week or two you can always spread it out.
Good advice. Also, If there is more than one Wells Fargo in your city, call around to see if any of them have coin counters. In my area, half of the WF do, but none of the Chase do. |
|
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/28/2010 : 10:11:40
|
| Well I went into the Well's Fargo where I have been dumping and tried the $500 dump. They didn't seem to care about the $500. In fact, she gave me bags and told me just to bring them in bags so I don't have to wrap them. |
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 |
|
|
|
highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/28/2010 : 10:24:31
|
| It all depeneds on the bank. I would think anyback could handle $500 at a time easily. |
Copper Penny Investing
www.portlandmint.com |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/28/2010 : 11:30:08
|
I occasionally dump $2000 at one branch, but generally limit it to $1000. I spread the dumps with both pennies and halves so I don't overwhelm anyone and none of the banks suspects the scale of my operation. I pick up $500 a week pennies and $2000 a week halves from one branch, and return the same amount spread over four branches of same BOA. They make it a little easier for me and provide bags for free. I think it's worth a bit of driving to stay under the radar.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 07/28/2010 11:31:01 |
|
|
|
wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/28/2010 : 12:40:24
|
quote:
Originally posted by PennySaved
Well I went into the Well's Fargo where I have been dumping and tried the $500 dump. They didn't seem to care about the $500. In fact, she gave me bags and told me just to bring them in bags so I don't have to wrap them.
If it is the heavy plastic bag that seals, look on the front. It will tell you how much it will hold of each denomination. It may hold $1000 in halves. |
|
|
|
brian0918
Penny Collector Member
USA
315 Posts |
Posted - 07/28/2010 : 13:50:17
|
If you're using bags, take consideration of how much they can reasonably lift. Those bags claim to hold $200 in nickels, which is about 45 lbs, but that's stretching it (literally - the bag starts stretching and rips  ). Plus the tellers can't lift that much. So I put half the weight in each bag. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
|
|
|
JustSayNoToFiat
Penny Pincher Member
110 Posts |
Posted - 07/29/2010 : 00:32:01
|
I always limit it to what I can physically carry in one trip (2 sacks).
I also keep my bags about 75% filled (50% filled is too much paperwork). With halves, that's roughly 40 pounds. So, no more than $1500 for me.
I have been in a branch that had a head teller whine about 1 sack of $400 before. A lot of it depends on the branch and their general attitude towards customers. |
It's Half Time...all the time. |
|
|
|
JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 07/29/2010 : 10:24:23
|
I don't like bringing more than 2k to any bank in a given week. However if you are bringing rolls be ready for more resistance.
Bags go over easier simply because the work is done and it's just a hand off. If you don't work in increments of $1000 the bank will have to sit on the coins until they can fill a bag and ship it back. So it is helpful in some cases to work out a system with the head teller.
Really Slick $4500 through the coin machine! 4.5 bags that's a riot, you would need a teller to sit by and help you for that stretch. That takes some brass to do that on a weekly basis.
~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.
|
|
|
| |
Topic |
|
How many halves are too much to turn in at bank?
Forum Locked
