I finally got around to reading this. I was curious because I recently deposited cash that exceeded the $2000. I believe that these smaller limits do not apply to regular banks, just "money services businesses". Banks are specifically excluded.
"4. How are money services businesses defined by the BSA?
MSBs are specifically defined to include each agent, agency, branch or office within the United States of any person (except a bank or person registered with, and regulated or examined by, the Securities Exchange Commission or the Commodity Futures Trading Commission) ..."
A bank will probably "record" but not report a cash transaction of $5000 or more.
@291fifth said:
The Canadian cents shown are essentially worthless. They don't use cents in Canada anymore and don't want them back.
Just what do roll hunters look for today? I haven't found anything in change, other than a very seldom encountered .900 fine silver dime or quarter or a silver war nickel, in thirty years. Wheat cents, when I get them, are just tossed back into circulation.
The usual suspects - 92 close AM, wrong planchet, Doubled dies, etc. But, since I haven't found any I'm usually just keeping the high grade coins. For me its more of a pass-time in between hunting proof sets for cameos. It gets very boring very quick unless...
If they're gem uncirculated, they may have some value. Sucker that I am I have paid some real money for gem red cents with mintages in the hundreds of millions, to try to fill my cents album with nice coins. MS66 quality-pieces are not that easy to find, which may be why I only have 8 in my album so far.
My first ever coin grades (last year) were pathetic and I thought I really had something. They came back mostly ms64 and a couple 65's. However, now that I have graded a couple of 67/68's from mint sets I have a better understanding of what 67 looks like so, now I'm going back through all the nice ones I have saved to see if any are up to par.
Most are going to a local coinstar and maybe about 6 or 7 will make the trip to PCGS.
I buy rolls and even bags of coin all the time for numismatic searches, see my post from last week about finding the 26-S nickel in a $200 bag of nickels. The key for me is to have multiple financial institutions that I have deposits in. Another thing is karma goes a long way. Don't ever bring back what you bought from a particular institution - it is a bit like peeing into the wind. Most often the credit unions and banks I buy from get accumulations of coin through deposits that they then want to dispose of, through my buying them.
While banks are getting away from having coin machines, credit unions are actually introducing them, I have one that had a fee and then eliminated it. Another never has had a fee or limit. Another thought is to not overdo it with deposits, don't bring $100 in cents to one institution and expect them to be happy about it. Spread the wealth, ie deposits.
I've also learned that tellers can be bought. Not with cash, gift cards etc. But goodies like boxes of candy.
You have to be a smooth operator in the business of numismatic coin searching.
Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
Here are today's pick ups, It should keep me busy for a while. The first bank only afforded me $15 worth of nickels and cents including the old looking one (nicks). The next bank gave me the rest of the rolls and I don't have an account at either.
And the others came from an antique store around the corner.
I'll try really hard not to post any PMD's later - No promises
Comments
A bank will probably "record" but not report a cash transaction of $5000 or more.
I do.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
My first ever coin grades (last year) were pathetic and I thought I really had something. They came back mostly ms64 and a couple 65's. However, now that I have graded a couple of 67/68's from mint sets I have a better understanding of what 67 looks like so, now I'm going back through all the nice ones I have saved to see if any are up to par.
and maybe about 6 or 7 will make the trip to PCGS.
Most are going to a local coinstar
I buy rolls and even bags of coin all the time for numismatic searches, see my post from last week about finding the 26-S nickel in a $200 bag of nickels. The key for me is to have multiple financial institutions that I have deposits in. Another thing is karma goes a long way. Don't ever bring back what you bought from a particular institution - it is a bit like peeing into the wind. Most often the credit unions and banks I buy from get accumulations of coin through deposits that they then want to dispose of, through my buying them.
While banks are getting away from having coin machines, credit unions are actually introducing them, I have one that had a fee and then eliminated it. Another never has had a fee or limit. Another thought is to not overdo it with deposits, don't bring $100 in cents to one institution and expect them to be happy about it. Spread the wealth, ie deposits.
I've also learned that tellers can be bought. Not with cash, gift cards etc. But goodies like boxes of candy.
You have to be a smooth operator in the business of numismatic coin searching.
Here are today's pick ups, It should keep me busy for a while. The first bank only afforded me $15 worth of nickels and cents including the old looking one (nicks). The next bank gave me the rest of the rolls and I don't have an account at either.
And the others came from an antique store around the corner.
I'll try really hard not to post any PMD's later - No promises
Going to be busy @CoinscratchFever!
They might have simply been surprised as they had never seen that much in your account
11.5$ Southern Dollars, The little “Big Easy” set
Take them down town and throw in the fountain and make a whole bunch of wishes.
WOW!!! it's such a cool feeling to go on the hunt for something unique and to have that in front of you.