Can you get bank wrapped rolls of coins from your bank right now?.

rec78

Hello, Years past, I was able to get just about any amount of rolled coins from my bank. Now, they won't let me get any, saying that they need all the space on the truck for people with businesses. I am a customer for many years (Maybe like 30). They also say there is a coin shortage. The Federal reserve has declared (on Jan. 15, 2021) the (So-called) shortage to be over. Should I switch banks? If you need coins, you tell your bank (IF it is a federal reserve bank) and they should get you a reasonable amount. The federal reserve should allow anyone who wants coins to be able to get them. That is what they are there for. Can you get rolled coins right now? I can't. (I know you can Joey)

jedm

I do about twice every week. Not large amounts but usually around $25 each time.

WQuarterFreddie

Yes but not as many as in 2019.

I have one bank that is allowing me 4 boxes of quarters each week

joeykoins

Lol. Hey Buddy! Yeah, I seem to have NO Problem receiving these rolls of Joy. That's a shame you have the hard time you are experiencing . My advise, like you first mentioned. Try different branches? I even get lucky enough to get rolls from banks I don't even belong to. Even when I shop with my wife at Walmart. I just ask. Show your charm and niceness. It works pretty well for me, anyway? Lol. Try to form a good relationship with the tellers you walk up to. You can even ask your bank to place an order in the future for a box of coins/rolls. You might have to join an entire different bank? Good Luck

Dug13

No problem here in SE Missouri. Picked up a box of nickels last week.

Danno44

Yes all I want, and in any domination but have to order them. Takes about a week to come in.

Clackamas1

You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

coinbuf

No need to ask, thus I have no idea.

rec78

@Clackamas1 said:
You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

I think they use pinkerton. How do I cross reference them to fed?

Wahoo554

My banks would not allow it until this past week. Placed my first order since early spring on Thursday.

Clackamas1

@rec78 said:

@Clackamas1 said:
You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

I think they use pinkerton. How do I cross reference them to fed?

I would call them.

DBSTrader2

Guess it depends on what one considers a "reasonable amount" of rolls........

I've always kept my requests small - - maybe 4 or 5 rolls of quarters at a time, as if maybe someone in the family needs them for the laundromat. Only once or twice in the past have I pre-requested a box of quarters or halves..... especially since I can only order them from 1 bank & dump the discards at another.

My understanding is that large orders are reserved for larger stores/vendors, as opposed to non-business customers, especially since banks (or so they tell me) have to pay a fee to order coins, and usually pass that on to business customers. So they don't usually like getting such orders from John Q Public. (Correct me - - or actually, THEM - - if that's wrong), especially if they're frequent requests & the bulk of the order often gets recycled (although usually not at that branch).

Recently, my local banks have been sporadically closing their lobbies as Covid cases spike, so getting in there to pick up (or later cash in) a box worth of coins becomes that much more of a pain - - can't send them thru the drive-thru tube!

rec78

@DBSTrader2 said:
Guess it depends on what one considers a "reasonable amount" of rolls........

I've always kept my requests small - - maybe 4 or 5 rolls of quarters at a time, as if maybe someone in the family needs them for the laundromat. Only once or twice in the past have I pre-requested a box of quarters or halves..... especially since I can only order them from 1 bank & dump the discards at another.

My understanding is that large orders are reserved for larger stores/vendors, as opposed to non-business customers, especially since banks (or so they tell me) have to pay a fee to order coins, and usually pass that on to business customers. So they don't usually like getting such orders from John Q Public. (Correct me - - or actually, THEM - - if that's wrong), especially if they're frequent requests & the bulk of the order often gets recycled (although usually not at that branch).

Recently, my local banks have been sporadically closing their lobbies as Covid cases spike, so getting in there to pick up (or later cash in) a box worth of coins becomes that much more of a pain - - can't send them thru the drive-thru tube!

I used to order them by the bag. Then it became box. The person in charge of ordering coins would say I could order them if there was room on the truck. Sometimes there wasn't, but most of the time I got my order. I don't think the banks pay fees per bag. I think they pay by truck per delivery, but I could be wrong. So it would not cost them anymore to get one extra bag/box of coins on the truck. But I don't know for sure. Getting coins for customers was always a bank courtesy.

derryb

most commercial banks are in the federal reserve system (offer FDIC insurance on your deposits up to $250K) but they are not federal reserve banks.

In the old days banks rolled their own loose coins. Today they turn over their loose change and anything they have in their coinstar machine (if they have one) to an armored carrier such as Loomis or Brinks. The carrier re-rolls the coins and supplies them to the bank (and large businesses) in sealed boxes ($500 for quarters, $500 for halves, etc.). Not sure what banks pay for this service but it ain't free. This is why some banks will not provide regular customers with more than a few rolls.

Banks place weekly orders with their carriers for the coin and currency they will need. Many banks will order a box for you. I have a standing order for a weekly box(s) of quarters with more than one bank. Many bank branches are still feeling the effect of the shortage and are still being limited on their orders.

Branch policy and just plain ole good customer service will vary from bank to bank and often from branch to branch within a particular bank. Politeness can not be overrated when trying to acquire rolls or boxes. It helps to have an account at the bank and many will ask if you do. Keep trying different banks until you find a few willing to provide you rolls or boxes.

You can't really specify that you want new coins, just a sealed box -the banks take what is brought to them. In most cases you will get recycled coins that got re-rolled. Some tellers will keep their eye for shiny roll end coins for you and put the sealed rolls aside for you to pick up weekly. On rare occasion you will get a box of brand new rolled, shiny coins. These surface when a carrier needs more coins than he has to fill orders. He will go to the nearest federal reserve branch (google their locations) and get a very big US mint delivered bag of brand new coins. This is how new coins get into circulation.

Disposing of a lot of coins left over from roll searching can become a problem. Many credit unions provide no fee coinstar machine service to their members but don't let them see you backing up the truck, do it in small quantities at a time. The other option is to re-roll. If you do, the bank you got them from really doesn't want to see them come back in a customer roll - deposit them in another bank.

derryb

@rec78 said:

@Clackamas1 said:
You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

I think they use pinkerton. How do I cross reference them to fed?

You don't need to. they are all going to re-roll used coins from local pickups until they don't have enough. Then they all will get more (usually the new shiny coins) from nearest federal reserve bank. Most of these carriers keep a reserve of what they got from the fed branch the last time and dip into it when needed.

air4mdc

I think you wore out your welcome and the manager is on to you. Some bank managers have a problem with coin roll hunters/searchers. It’s a safe bet to say you should try another bank.

johnny9434

I can still get some rolls but not like I used to. I seems like its easing thou

rec78

@derryb said:

@rec78 said:

@Clackamas1 said:
You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

I think they use pinkerton. How do I cross reference them to fed?

You don't need to. they are all going to re-roll used coins from local pickups until they don't have enough. Then they all will get more (usually the new shiny coins) from nearest federal reserve bank. Most of these carriers keep a reserve of what they got from the fed branch the last time and dip into it when needed.

My bank requires coins to rolled when you bring them in. They no longer take loose coins.

SaorAlba

Currently lobbies are all appointment only. Guess that kind of eliminates going into the bank.

Jimnight

I can't order boxes of coin and am very limited on getting rolls over the counter.

Not long ago ( 8 months ) I could order what I wanted.

ricko

The two banks I use here have closed lobbies now. My favorite tellers are rarely at the drive thru lately.... next time I see one, I will ask for rolls of half dollars...they know I want customer rolls, not new rolls. Have not roll searched in over a year...Cheers, RickO

Mdcoincollector2003

Yes my bank just gave me 200$ in quarters, 20$ in nickels and 10$ in pennies.

silverpop

never asked my bank as i have no need for bank wrapped rolls of coins

derryb

@rec78 said:

@derryb said:

@rec78 said:

@Clackamas1 said:
You need a bank with a coin supplier that is a Fed distribution supplier. They are regional (the Fed coin suppliers) and only serve their customers. In Oregon, it used to to my Oregon Armored, they sold out to Garda. Ask your bank who they deal with and cross reference that with the Fed. I use to be able to buy full ballistic bags not rolled. It takes dedication if you want the best.

I think they use pinkerton. How do I cross reference them to fed?

You don't need to. they are all going to re-roll used coins from local pickups until they don't have enough. Then they all will get more (usually the new shiny coins) from nearest federal reserve bank. Most of these carriers keep a reserve of what they got from the fed branch the last time and dip into it when needed.

My bank requires coins to rolled when you bring them in. They no longer take loose coins.

That's because they have to pay their carrier for rolled coins or their tellers to roll them. They can have you do it for free. One of my banks has a counting machine. Drive up to the window, give them loose coins, wait a few minutes, get dollars. All 12 branches of my credit union have coinstars (no fee to members); they will not accept rolled coins.

derryb

@SaorAlba said:
Currently lobbies are all appointment only. Guess that kind of eliminates going into the bank.

I'm getting double digit sealed boxes of quarters a week at drive thru windows.

derryb

@Jimnight said:
I can't order boxes of coin and am very limited on getting rolls over the counter.

Not long ago ( 8 months ) I could order what I wanted.

Different policies not only among different banks but also among different branches of the same bank. Open savings accounts in a couple of different banks and then find which of their branches will support your coin roll hunting - just don't become a burden to them.

derryb

@silverpop said:
never asked my bank as i have no need for bank wrapped rolls of coins

This is the reason forum threads have a title.

derryb

@SaorAlba said:
Currently lobbies are all appointment only. Guess that kind of eliminates going into the bank.

In the last six months I have seen four local bank branches completely close for two weeks. Tells me not to go into a bank lobby. Most local banks still have a commercial drive thru big drawer and will send sealed carrier boxes through them.

TwoSides2aCoin

I quit trying that during the statehood quarter years.

derryb

@TwoSides2aCoin said:
I quit trying that during the statehood quarter years.

West Point quarters made it popular again.

In4apenny

There was 3 tubs of $300.00 in quarters sitting on the back counter the last time I was at the bank. I could have asked for one but still have to get the $500.00 box of halves back to the branch. Still have 3 boxes of pennies to do so I passed. I have no trouble getting coins.

Coinscratch

No problem at all and especially at Chase Bank, no account needed with them. I've been searching mostly Lincolns and the next time the bank gives me a brand new box (shrug) I'm gonna say "Sorry I meant quarters"!

DBSTrader2

I'd stop trying to get rolls if I could only find those few remaining ATB quarters we need from 2019 & 2020 (mostly "D" mints now) and primarily "D" mints from all other 2020 denominations. That would free up more for all you others who search for other things/varieties/errors/etc.............