Small town coin drop

Veep

I searched threads on coin drops but all of the links appear to be not working. A small town bank is considering doing a coin drop in conjunction with their annual fall fesitval. Can anyone share their experiences with doing these? Any do's or don'ts? Did the public give a darn? Would you (they) do it again?

If they decide to go ahead, I may be a sort of technical advisor so any help would be appreciated.

Thanks!

ricko

What is a coin drop? I can imagine many things, but would like to know what specifically what activity this entails. Cheers, RickO

AUandAG

how about English? have no clue as to what this refers to.

bob

Baley

a coin drop is an activity in which one promotes coin collecting by salting some collectible coins among a community's business cash registers and tip jars, and then advertises that one or more very rare coins (such as a 1909SVDB or 1914D cent) is also included. Sometimes there's a coin-business link-in to the advertising, such that, for example, a local coin shop also gets some publicity.

Veep

A business or, in this case, a chamber of commerce would add a coin drop to their promotional activities in order to help build interest in their event. It may encourage people to make purchases at local merchants if they thought there was the chance of getting a rare coin (such as a 1914-d cent) in change. Someone affilitated with the chamber would spend the coin(s) at the appropriate time. The papers/radio/whatever would promote the fact and it would just add a little "buzz" to their overall promotional strategy.

Has anyone been involved in such a promotion?

jmcu12

VEEP:

From all that I have seen they are a lot of fun and do draw people's attention to our little hobby. Never been involved myself but I would think it would be a ton of fun and very worthwhile!

kimber45ACP

I might be interested if there were some slabs in the cash register to be handed out as change, but I cringe when thinking a collector coin would be touching other coins in the cash register/tip jar unprotected.

Res

Instead of using only one or two valuable coins - use a couple thousand dollars worth (or whatever the budget is) of 90%. That should get more people involved.

AUandAG

Ok, thanks for the explanation. I've never heard of one before this.

What does the bank tend to gain? Why would they do this? I can only
imagine that the business owner would snag it before a customer. Now
you have my curiosity up and running!

bob

garrynot

I recall reading more than once, maybe in Coin World, some years ago that coin drops were done to promote something and they involved a '14-D and '09 S VDB cent being dropped in circulation. But I never heard if any of the coins were ever found. It is scary to think that such coins would be lost in circulation.

Robb

<< <i>a coin drop is an activity in which one promotes coin collecting by salting some collectible coins among a community's business cash registers and tip jars, and then advertises that one or more very rare coins (such as a 1909SVDB or 1914D cent) is also included. Sometimes there's a coin-business link-in to the advertising, such that, for example, a local coin shop also gets some publicity. >>



This is a much better idea than the first idea that popped into my head. Throwing rolls and bricks of pennies out of a helicopter would be a terrible idea.

PerryHall

The local press not only advertises the coin drop but also gives the show some free publicity. There is usually a reward (value of the coins) if the coins are found and presented to the show organizers at the show.

ponderit

It reminds me of Les Nessman's Turkey Drop... for those of you younger than 35, Les Nessman was a character on a sitcom. Here's the Link

Bochiman

<< <i>I recall reading more than once, maybe in Coin World, some years ago that coin drops were done to promote something and they involved a '14-D and '09 S VDB cent being dropped in circulation. But I never heard if any of the coins were ever found. It is scary to think that such coins would be lost in circulation. >>



Scott Travers, I believe......3-4 years ago?

Bochiman

<< <i>It reminds me of Les Nessman's Turkey Drop... for those of you younger than 35, Les Nessman was a character on a sitcom. Here's the Link >>




Ahhh....Jennifer....and a better looking "Baley" than we have here