Bank Boxes???

billdauman

I have seen this term used here and sort of know what they are (boxes of rolled coins)...but I do have some questions:

How many rolls of each denomination make a box? Cost for each?

Are these "new" coins or mixed from circulation?

Are the easy to "buy" at the teller window?

Anyone collect this way?

Thanks
Bill

billdauman

ttt

D

The boxes I count at work have...

25$ in Pennies
100$ in Nickels (I think!)
200$ in Dimes
300$ in Quarters

-Daniel

DNADave

$500 for halves.

BigE2

All boxes are 50 rolls, so Pennies is $25, nickels $100, dimes $250, and quarters $500. Never have seen half or dollar boxes but they are out there.
"bank box" is a misnomer, they don't come from banks. The way it works is: coins go to Armored services (Dunbar, Brinks, etc) The coins are either coming from the mint in big pallettainers (400,000 quarters for example) or from thier customers. They then roll and box them to ship out to thier client banks. So you generally will get mixed circulated coins.
Unless they get one of those palletainers, then the chances of "solid" rolls and boxes increase. Whether or not they get mint coins or circulated is dependant on the demand for change.
If you plan on getting boxes of coins, make friends with a few banks. Banks won't normally order coin like that unless asked to do so and then there is no gaurantee it will be mint coins. And if that bank orders a box of coin for you and you don't take it because it looks like it's all circulated, you can pretty much bet they won't do it again. Some branches rarely order coin because they get enough from thier customers. My wife works at such a branch. They buy less than $500 in coin a week! I work in a big-box retailer cash room and we order between $2000-$3000 in coin a week. (I have YET to see one of the 2005 nickels yet!)
My guess is very few people collect by box as they are kinda hard to obtain consistantly

D

BigE is correct, I just checked some of the boxes I've got at my house and they vary from the boxes in the safe at work. Mb!

-Daniel

CharlesDarwin

$500 boxes of Halves "straight from the Feds" are great for finding silver...

"Straight from the Feds" was what a bank teller I got them from described them as. They were wrapped by a security company...but had some good stuff...numerous Frankies and about 50 silver Kennedys.

ddink

When you see these boxes of $100 in buffalos going for $250 on eBay...how do the sellers know they are actually all bison rolls if they don't open the box? Couldn't they be mixed rolls from circulation?

19Lyds

<< <i>
1. Are these "new" coins or mixed from circulation?

2. Are the easy to "buy" at the teller window?

3. Anyone collect this way?

Thanks
Bill >>



1. Mixed depends on the denomination but check with the vault teller who can usually tell you if they are all new coins.
2. Generally speaking, they are not easy to buy unless ypur willing to accept mixed coinage. You have to ask and be nice about it and volunteer to pay any extra charges for new coinage.
3. Yes, I collect 40% and 90% halves this way. Also picked up 3 boxes of Bisons and ocasionally search quarters. Way too many pennies and rosies for my patience level though!

Again, ask if the bank can order the coins for you. If you have to go to a different bank then do it until you find a bank that will work with you! Open an account if they require you too and keep in mind that the bank pays additional funds each time they order something special for you so cheerfully volunteer to pay the costs. 9 times out of 10, the bank will waive the fees! Good Luck and happy hunting!

ddink

Cool, thanks 19!

billdauman

Thanks for all the great info.....

ddink

Does anyone know if you can order a large quantity of boxes of new nickels from Brinks?

ibzman350

Herb

burdi1

Here is a link to a site that sells the boxes. Only problem is that they come in packages of 50. Link

19Lyds

<< <i>Here is a link to a site that sells the boxes. Only problem is that they come in packages of 50. Link >>



Uh, these are empty boxes...........I think he was looking for the full boxes but that is a great site. The roll trays look like a good way to store all the State Quarter rolls!

As far as ordering from Brinks, I don;t know but it's a darn good question?

As far as this goes, how many collectors on the board are bankers or associated with a banker?

ddink

Brinks says no, I'll call them back Tuesday, and Wednesday, etc. till I get the answer I want. It probably will take a few calls to reach someone who knows that they are talking about.