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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
 Posted - 08/07/2010 : 11:06:40
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For the past several weeks I have branches on my weekly pick ups that usually only produce one or two bags at the most, but now they have 6 to 8 each every week. Also more CWR's at other branches.
Is anyone else experiencing the same thing?
Economy? What gives?
Deal
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Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 08/07/2010 : 11:37:33
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| summer vacation.I went to dump zinc's a few weeks back and waited in line while a guy in front of me dumped $1100. in coin. He told me earlier in the week he did $600. cashing in coin for vacations. He was one of many large coin dumps that day watched the teller change out 5 full bags while I waited. No I didn't buy them probably should have. |
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TheJonasCollegeFund
Penny Collector Member
USA
381 Posts |
Posted - 08/07/2010 : 11:54:53
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| Back to school time. Some people are cashing in for their kids school supplies. That's what the two in front of me said they were doing. |
MD Totals: Started Aug16th.(Updated Sept10th) 819 clad/cu coins/$41.13
Quarters-78
Dimes-122+1 silver roosie (1957)
Nickels-81 (56d,53d)
Copper Pennies-147
Zinc Pennies-386
Wheats-5 (36,36,46,46d,50d) |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 08/07/2010 : 15:17:00
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Noticed the same thing too.One teller told me some people are going on vacation,that was a CU.Another banks teller said many of them have very low balences in their accounts,then told me about all the silver she has been finding,right after I pulled a 40% out of the reject tray while waiting for her to load up my cents.
Back to school is also a concern,my wife is already getting on me about clothes and supplies for our daughter.
Either way its the economy cause people don't have the extra cash to do what they want to do.We should keep seeing increases in coin dumps from now till Xmas. |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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jldco
Penny Pincher Member
USA
114 Posts |
Posted - 08/07/2010 : 16:12:32
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| Pretty strong down here south of you too, Deal. Forgot about back to school. That has to be alot of it. The low balance in the acct's that PennyPauper mentioned is interesting and is most likely a big factor too. I've been wondering why it's been so strong... guess this all makes cents... |
Mark 8:36
www.pennybullion.com |
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abe
Penny Pincher Member
117 Posts |
Posted - 08/07/2010 : 18:16:40
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| My back to school clothes were hand me downs from my older brother. Alot of people are cashing in change these days. I've been finding some rather nice coins that had to of had been put away for a long time. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/07/2010 : 19:47:43
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All seem like logical reasons. I know the Ryedale is running over time....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Increase in number of bags
Forum Locked
