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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
 Posted - 05/28/2009 : 15:38:49
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After being told that there would be fees from my bank for getting boxes of cents and half dollars, I decided to do a bit of walking around for a new bank. It didn't take long.
"Can I help you"
"hmmm...[thinking of how to tell her] Let's see... Can you order a bunch of pennies for me"
"What?"
"You know, $25 boxes"
"How many?"
"$500 worth every week"
"...[stunned looked]... there's going to be a fee"
"That's unfortunate. I was thinking about opening an account here, and was hoping that there would be no fees for this"
"I've heard it before. But then you'll only put in 50 bucks and never make any transactions"
"That's not really what I was thinking. If I switched my business account from another bank, would you consider dropping the fees?"
"Which bank?"
"XYZ Bank" (not really, I'll protect the name, but it is a three letter bank, and rhymes with xyz, and they own a baseball stadium in Pittsburgh)
"...[smiles]... Let me ask my manager"
So I stand there for a little bit and then she escorts me into the manager's office. I decide to tell him exactly what I plan to do, and even why... telling him how copper cents are worth more than face. And, that I want to have a standing order every week for $500. I would pick them up the day of delivery and would not be returning them to the bank, but instead to the bank down the street. I offered to switch my business account over if he'd agree to drop the fees for the boxes. I got a yes.
Then he asks me if I'm interested in other coins. I can see the look of genuine need in his face. So, I tell him only certain kinds. He then tells me that he runs a charity coin fountain for Habitat For Humanity and has too many coins. He asked me if I'm interested in them. I think I drooled.
He reached behind him and pointed the corner of his office, and said, "that thing is full." It was a cooler on wheels. He opened it and the shine nearly blinded me. Trumpets blared. Wind from an angels wings rustled my hair. The "ching" from a cash register was heard in the distance.
I gathered myself together and said that I'll take it. I said that I'll sort it all and have the receipts to him on Tuesday when I come to pick up the $500 in cents.
His computer was down, so he was never able to open my account. I left his office with the whole cooler's worth of coins. A 5 gallon bucket was filled from the cooler, and then I rolled the rest of the coins out to my car via the cooler. I could barely lift either load.
Yesterday, I had no good source of cents without paying a fee. Today, I've got a standing order for $500 a week with no fee, a huge pile of coins to search, a new bank to do business with, tellers that already know my name, and I'm helping out a charitable organization.
My week began bad, but it is now much better. It pays to be persistent and honest.
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goto the new and improved realcent: http://realcent.org |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 05/28/2009 : 15:44:38
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| That's Awesome!!! |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/28/2009 : 16:14:26
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nicely done.
but who cares about the name of the old bank. What is the name of the new bank? |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/28/2009 : 16:16:14
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| Great story. Really enjoyed reading this. Hope you find some good ones. I'd be interested to know if you find some silver coins. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 05/28/2009 : 16:18:36
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| Damn sweet score! Great storytelling to boot! Congrats on the find. Honesty certainly pays off. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/28/2009 : 16:31:23
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| Very nice score! Let us know if you find anything good in the charity coins. |
Copper Penny Investing
www.portlandmint.com |
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fb101
Administrator
USA
2856 Posts |
Posted - 05/28/2009 : 16:40:15
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| Yeah, great story! |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 05/28/2009 : 16:53:35
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Nice score. Money does indeed talk sometimes. Congratulations.
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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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 05/28/2009 : 17:45:27
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Very nice score! but be careful, no fee's on $500 a week might only be temporary for a few months if it starts becoming a hassle to them.
Were the charity coins all pennies? or was it a mix of different denominations? |
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coppernicus
Penny Collector Member
USA
383 Posts |
Posted - 05/28/2009 : 18:24:48
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| Cool story! |
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Pennyworth
Penny Sorter Member
USA
83 Posts |
Posted - 05/28/2009 : 18:56:03
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| You did GREAT!!! Hope you find lots of keepers from the cooler. Congrats on finding a bank that will work with you. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 05/28/2009 : 20:04:30
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The coins are a mix of everything from Q, D, N, and cents to tokens, foreigns, poker chips, and other misc. stuff. I've been finding a bunch of Philippines coin.
A few Canadian nickels, 1 silver canadian quarter, 1 war nickel, and 1 1962 dime so far. But there is still so much more to search.
I'd rather not disclose my new source bank. A guy who finds treasure should keep it a secret 
I'm glad folks liked the story. I'll post an update once everything is counted. |
goto the new and improved realcent: http://realcent.org |
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natsb88
Administrator
USA
1850 Posts |
Posted - 05/28/2009 : 20:31:09
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| Congrats MH! Sounds like the beginning of a good banking relationship. My whole family has accounts at one bank, including a few business accounts, and we know almost everybody at the branch closest to our town. I'm thinking about asking them for pennies... |
Nate
The Copper Cave
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/28/2009 : 20:32:42
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| great going bro. Sounds like a coin hunter's dream come true! |
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maoguinn
Penny Pincher Member
USA
118 Posts |
Posted - 05/28/2009 : 22:03:56
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| Great story! Good luck with your sorting. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 05/29/2009 : 00:00:08
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Great score.
I seem to be going the other way. Nah not really. Just having a hard time finding 'peek-a-boo' boxes.
It's nice to find a bank that actually appreciates their customers instead of them acting like we are bothering them everytime we walk in. |
You don't have to be the BEST you just have to be.......SLICK
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 05/29/2009 : 14:42:50
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| I think I will drool too. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 05/30/2009 : 12:15:41
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Ok, here's the totals from the fountain:
Non silver, non copper
.01 - $145.48
.05 - $120.95
.10 - $288.50
.25 - $376.00
total face value: $930.93
Silver, Copper, and 999 Nickle (not included above)
US dimes - 1960, 1961
US nickels - 1945
US copper cents - $61.45 (just under 30% copper/zinc ratio)
CN quarters - 1966
CN dimes - 1968
CN nickels - 1965, 1974, 1981
Total metal value: $93.91
Total US Coin Face Value: $992.63 ($1.33 wheats)
I'm going to give the guy $1000.00 for everything. Does that sound fair to you?
Other Foreign:
CN total - $3.50
Philippines - 10.85 peso
Mexico - 1 peso
China - 10 yuan?
India - 1 rupee
UAE - 1 ???
Austria - 10 groschen
Costa Rica - 10 colones
Euro - 9 cents
Ireland - 5 P
Tokens:
1 plastic penny
4 cinemark
1 each of Chuck E Cheese, Namco Arcade, DA DO, Aqua Jet, Greyhound Poker Palace, Rascals, Fun Fest |
goto the new and improved realcent: http://realcent.org |
Edited by - Market Harmony on 05/30/2009 12:25:11 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/30/2009 : 12:25:21
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quote:
Originally posted by Market Harmony
Total US Coin Face Value: $992.38
I'm going to give the guy $1000.00 for everything. Does that sound fair to you?
You did the labor and handling, so its absolutely fair. Coinstar charges 8%, you credit 0.75%. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 05/30/2009 : 14:33:17
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quote:
Originally posted by Market Harmony
I'm going to give the guy $1000.00 for everything. Does that sound fair to you?
That is extremely fair. You, my friend, are lucky that that is what the total came out to be. It would have been awkward to have it come out to be something like $978, and give him something, but it not come out to be $1000 even. Now, you can pitch in a little under eight dollars for the good finds and the enjoyment of searching. Great find, and congrats. |
So long, Realcent 1. Come visit us at Realcent.org! |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 05/30/2009 : 16:36:33
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A few extra bucks to be in good with the bank manager and the tellers will remember you and be on the lookout for you. It is a win-win for everyone.
Now they know who to call to dump their unwanted coins on. |
You don't have to be the BEST you just have to be.......SLICK
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JACKPOT
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