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Dan52
Penny Collector Member
USA
422 Posts |
 Posted - 10/15/2008 : 16:19:07
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I went out hitting the banks for halves today. I stopped at one and they said they didn't have but just a couple and asked if I would like them to call the other branch. (I should mention that I have no accounts at this bank.) I said yes, and when they did they told they did have a few, like five dollars worth. I said I would like to go get them. When I got there and told them why I was there, the four tellers began gathering up what halves they had. As the other tellers are handing their halves to my teller, my teller says to one of the other tellers.....uhoh....this one's silver. I say..thats great, thats the whole idea. My teller then says, "the thing is this other teller was saving this for someone". I have no doubt that was a lie. I made the comment..do y'all screen your coins before giving them to your customers? She says....well, we do have first dibs. Ok, so I get my few dollars worth of halves and walk out the door....and stop. I go back in and request to speak with the manager. I explained the situation just as it occurred, the manager goes out and gets the coin for me. It was a 1967 clad kennedy. The way I figure it, once they put the coin in front of me and said what it was, it should have been mine at that point. What do y'all think?
PS: Yesterday and the day before yielded 6 clad halves. That out of $810. I don't mind. I am usually content with anything other than a skunk.
PPS: There was 7 clad halves in the small amounts I got from those various banks today. One 65, two 66's, one 67, one 68, and two 69's.
I picked up a couple of boxes of nickles and 25 rolls of halves. 15 of those halves are machine rolled. I'm goin' in.
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 10/15/2008 : 16:56:09
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Be very, very careful. You want to get the silver, but you don't want them excluding you from the branch, or worse putting the T label on you and getting the cops to watch you. Granted getting change from a teller is perfectly legal, but some people can be stupid.
One kid was thrown in jail over legal change. He got a proof set from his grandparents. He broke it open and spent it before all the dollars had been officially released. They threw him in jail for counterfeiting. He did nothing wrong, spent legal money, but he also spent a few days in jail.
In this day and age anything out of “normal” can get you labeled as a terrorist. Remember under National Law anyone with a Large Sum of “money” can have that ‘money” taken from them because large sums of money can be presumed to have been made by drug deals. Simply having a wad of cash is enough evidence to get you put in jail. What would a few tons of cents do? What would a box of cents be considered?
Collecting copper, or in this case silver, is risky. You are stepping out of the expected norm. The banks will have your picture and name, even if you don’t have an account, face recognition software, photos of your license plate, even the GPS in your cell phone can identify you.
Money is guarded by the secret service, mint police, treasury department, and any other agency that feels like it.
I like to get change, but if I get even the slightest hesitation from the staff I will not go back to that branch for several months. I want them to think of me as the eccentric coin dude, and not the A** H****.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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fb101
Administrator
USA
2856 Posts |
Posted - 10/15/2008 : 17:38:09
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I second Kurr. We don't have any implicit right to something just because we asked for it, BUT - If the teller wanted it, he/she should have bought it and taken it out as soon as found.
Cody.. You are correct, but (I hope) a little too intense about it. |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/15/2008 : 18:30:45
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| Happened to me the other day. I saw the teller quickly do a sleight of hand when I mentioned I wanted half dollars. She grabbed a coin from the slot tray and offered the remainder for the taking. Banks tell me that others have been looking for half dollars too and some of the banks have regular visits from half-dollar searchers. I am finding other sorters coin dumps on my drive-bys. Got a roll full of 1976 bicentennials the other day. On the converse, one teller handed me a 1964 from her tray when I asked for half dollars. Some tellers just do not pay attention/care about silver coins. I placed an order for a $500 box for next week. The teller told me that the coins will be plastic wrapped. Uh oh. Got my fingers crossed that Brinks is not sorting the silver coins out, but I expect a skunk next week. LOL. I am trying to make this fun but the wife is hooked on silver now and she gets depressed when she does a drive-by and gets skunked. Coin stores still want $15 per ASE even though silver spot price is around $10 now. So, the easy route is just to get more copper too. If copper drops another 30%, a copper penny will have face value in metal. Will interest rates start to climb through the roof then and prove the lingering thought that I am wasting my time trying to find a hedge for paper assets? |
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n/a
deleted
84 Posts |
Posted - 10/15/2008 : 19:10:56
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This exact same thing happened to me early this summer back in Colorado. I was doing some drive buys in my hometown. I stopped into a bank at which I had no account to get some pennies to sort. I spotted 2 silver halves amongst a group of 10 or so in the next teller's tray- I asked the teller I was dealing with if I could have those, too. She conferred with the other, and picked up the coins. She tried to be discreet about shuffling the two silvers out, but I sure as heck noticed. I didn't say anything about it- nothing I could do at this point except tick off the savvy teller. I did get a proof out of the lot, so I wasn't too disappointed. Incidentally, this teller gal was older- probably in her 40's. Where I live now, the tellers are almost entirely foreign, so I reckon this would far less likely to happen because they would be less likely to possess the relevant knowledge of US coinage.
Oh well, not much to be done. To the savvy tellers go the spoils, I suppose. |
"Truth is treason in the empire of lies." -Ron Paul, from _The Revolution: A Manifesto_ |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 10/15/2008 : 20:28:10
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Thanks Kurr. I agree. I wonder if banks don't have stipulations about how much "coin searching" their employees are allowed to do?
Cody, thanks for the advice. If I thought that the girl hadn't been lying about the other teller saving it for someone, I would have let it go. Its not like I took the coin from them. The manager sided with me in this disagreement.
Jerry, Eco, I have had tellers tell me that a roll had something on it, and grabbed another roll. |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 10/15/2008 : 20:41:45
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ahhhh we have all been there. one here in havasu, i saw silver. the teller outright told me, you cant have them. that was last spring. this week when i returned, walked in, she reconized me right off. told me , the new policy was , customers of the bank ONLY.
the chase bank... teller told me the same thing, not a customer. take a hike.
the downing savings inside albertsons grocery.... i was getting groceries. the teller asked as i went by if i wanted any coins today.... lololol. i got 6--1$rolls of nicks. 'casino rolls'. they hand out to the busloads.
one yesterday said, come back today, the teller is at lunch that has the halves. got $110. skunk. but they were nice enough to throw in two boxes of pennies.
i got 150$ of 2001 last week. not sure if i should just dump 'em. or if the 2001 will end up having any 'value' as last year of production.???? |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 10/15/2008 : 21:51:51
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Hi all,
I don't know about other parts of the country, but I think a lot of people OVERESTIMATE the intelligence of bank and coin processors. -At least where I live.
I think the same people flipping burgers at McDonalds are the same people flipping switches at the coin receiving plant.
I loosely quote Ron Paul "I met a member of Senate who thought we were still on the gold standard."
Mmmmmyyyeeaahhh- I think it's a pretty safe bet that most bank tellers are pretty clueless about silver as well.
So, bottom line, I can't blame banks for not selling coin to non-members (I've been turned away plenty) But I wouldn't lose any sleep wondering about tellers staying after hours to search their coin holdings.
Just keep at it, keep at it, keep at it.
I made a personal vow when I started roll hunting about 14 months ago. -If I can amass 1 $1000 FV bag of 90% silver through roll hunting, if I never get another silver coin in my life, I'll be happy. (If there are still banks by then....)
JMO.
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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DesertTumbleweed402
Penny Pincher Member
USA
196 Posts |
Posted - 10/15/2008 : 22:23:28
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| That's ridiculous |
I enjoy taking long walks off short piers. |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 10/15/2008 : 22:45:12
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| Food for thought. Try to remember that the more popular this becomes the more these tellers begin to catch on. They talk amongst themselves and aren't stupid. They get low pay for handling large amounts of cash all day you cant begrudge them for wanting to grab a silver half when they get the chance. Sometimes it's better to let one go and try another day. Today I dumped a couple boxes of halves I recently sorted. This was my first time dumping at this new bank. The teller told me that several customers have been asking for halves on a regular basis. I say "great" let them buy these. I figure the more they get skunked the quicker they will quit and things may calm down again. Dan IMO you were fortunate to get the half however you may have burned a bridge. The bank may start a new policy about dealing with non account holders as a result of the transaction. Good luck on your continued searches. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/16/2008 : 06:07:26
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You possibly traded a "friendly" bank for one that will not help you any more. You can do what you want, but I think your days at that bank are numbered. I doubt the manager will be there to help you out all the time. Hope I'm wrong....
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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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/16/2008 : 12:40:15
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| Folks, silver prices are dropping. One can only hope that the quiet frenzy percolating for safety of money will simmer down and the masses will not care about searching for silver. An old friend of mine,some years ago, perhaps 5 or so, told me he had gold coins and barrels of copper pennies as safety. I thought he was over-reacting and tying up his money in non-performing assets. I understand his actions much better now and think he was wise. I think if things settle down, people will not seek out the silver as much, or copper pennies for that matter. I did a major bank search the other day for penny CWRs and got nearly $200 worth and yet to find any skunk dumps in my sorting. I do not think the pizazz of copper attracts folks now. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/16/2008 : 23:23:11
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I get told by tellers with silver halves glaring at me from their tray that they are "not available" at least every other week.
Just walk away and realize that Ag is still out there and you were at the right place at the wrong time.
Instant Karma's gonna get you!
Keep on keepin' on!
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There's profit if you melt things!!
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 10/17/2008 : 00:00:01
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Absolutely not. If the coins are in the tray for change, I would challenge. That would mean apparently that the bank has a policy where the employees are not allowed to buy from the tray/drawer for personel use, and might be waiting on a friend to come in to proxy buy it for them.
In this instance their person was in the wrong place at the right time for you. I am sure the bank has its own reasons for its policy and if tellers are discouraged from buying, I would feel it my moral obligation to try and remove the temptation for them. I would at least clarify the policy, if not on the spot, for those of you who prefer discretion, by phone. Then consider pressing the point. Banks want our money, make em earn it. |
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/17/2008 : 10:07:07
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| I say let them keep the silver. Imagine if everyone starts seeking out silver. Maybe street prices for it will actually get obscene. Think Beanie babies, Crox brand shoes stock,etc. The idea is to keep searching, placing that gentle, but consistent pressure on the social matrix that some of us see something worth searching out and maybe something that can go up in price. Get it? All we need is Oprah to mention that she is loading up on silver and gold and you'll see America paying $30 an ounce for the silver. I am only a little joking there. If silver prices drop back to $5/ounce, I will still seek it out. The days of legitimate economic integrity are gone for now. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 10/17/2008 : 13:43:43
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Jerry - are we starting a rumor that Oprah hoards copper pennies? That could do wonders for marketing efforts LOL.
I look at it this way. Banks need to make money and to do that they have to charges service fees and interest. I want to trade my bills and coins for other coins. I'm really a distraction to them, and generally not generating any fees or interest with these transactions. Worse, some places I go I don't have an account, so they really make nothing off me.
The bank is doing me a favor digging coins out of the vault, lugging heavy boxes around, and performing confusing calculations and roll counts. I try to be nice and friendly, and never demanding. Ok so once I dumped $1200 in nickels and $55 in pennies, followed by a few hundred more just days later to solve one branches alleged "coin shortage", but now I really can't use that branch.
Don't burn your bridges - make friends - the bank has what you want, and you need to get it with smiles not force. |
“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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Kurr
1000+ Penny Miser Member
2906 Posts |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/17/2008 : 18:24:47
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I think maybe one bank in 30, if that at all, will ask if I have an account. Generally it is the credit union that screens you when you ask. I am surprised though how many banks in my parts are dry of half dollars. I am resorting to ordering the $500 boxes to sort now. Tuesday I pick up my first box.
Dumped $200 in zinc today at the bank with the counter. Took over an hour in time with at least 4 stops for the teller to place a new bag under the shoot. I observed that penny bags fill up $50 increments in burlap bags. The tellers there were sweethearts too. Actually a sublime branch compared to many of the other ones where you'd think you were in the employees' living room and under some scrutiny. I felt sort of bad knowing I will be back some time next week with more coins. What kind of chocolate do tellers like? In this case, a little bribery is justified if I plan to dump hundreds of half dollars there. I am afraid the little conversation with the branch manager could happen if I end up coming back to the place multiple times a week. |
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Teller didn't want to give me a clad half.
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