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Interesting Bank teller story
ibzman350
Posts: 5,315 ✭
Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb
Cool story I thought!
Herb
Remember it's not how you pick your nose that matters, it's where you put the boogers.
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yea I try to buy all my 90% at 80% of the silver content, most I don't get at that price but every now and then I hit.
Herb
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
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<< <i>Hopefully her son would become a future numismatist.
Exactly what I was thinking.
Herb
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar? >>
Is there a problem with that offer? Please!
Gary
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar? >>
Is there a problem with that offer? Please! >>
If it was a bank teller that I was friends with, I would have at least offered her melt value for her mint state Peace dollar. Maybe I'm too generous with my offers.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I offered $20 as soon as I saw the coin coming out of her purse, at this point in time I did not know the condition of the coin.
Yea I try to buy all my 90% at 80% of the silver content, most I don't get at that price but every now and then I hit.
Herb >>
Hey, nice resume to work at a B&M!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
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<< <i>I offered $20 as soon as I saw the coin coming out of her purse, at this point in time I did not know the condition of the coin.
Yea I try to buy all my 90% at 80% of the silver content, most I don't get at that price but every now and then I hit.
Herb >>
Hey, nice resume to work at a B&M!
Good one and so true!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar? >>
Is there a problem with that offer? Please! >>
If it was a bank teller that I was friends with, I would have at least offered her melt value for her mint state Peace dollar. Maybe I'm too generous with my offers. >>
$20 was 20 times more value than that old guy got out of it. I wish I could flip my investments for a 2,000 % profit. Edited to add not a nay or yay on whether $20 was fair or not.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>If it had been a 1893s would you have told her its true value? >>
Of course he would have!
With Silver, today at #33.71, the coin has a melt value of $26.07. Provided you could actually "get" $26.07 from anybody.
At 10% back of melt, a dealer "might" buy it at $23.46 or "might" offer $23 rounded down given the volitility of the bullion market.
Personally, I think that a $20 "off the cuff" offer was not unreasonable or greedy.
The name is LEE!
He could have flipped it for a $3 to $4 profit! Let's string him up!
<< <i>Why didn't somebody at the doctor's office tell the old man he had a silver dollar?
As usual, the posse here is after the wrong suspect.
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar? >>
Is there a problem with that offer? Please! >>
If it was a bank teller that I was friends with, I would have at least offered her melt value for her mint state Peace dollar. Maybe I'm too generous with my offers. >>
That was my first thought, the coin should have been worth at least $27 since it was mint state.
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<< <i>If it had been a 1893s would you have told her its true value? >>
Of course he would have!
With Silver, today at #33.71, the coin has a melt value of $26.07. Provided you could actually "get" $26.07 from anybody.
At 10% back of melt, a dealer "might" buy it at $23.46 or "might" offer $23 rounded down given the volitility of the bullion market.
Personally, I think that a $20 "off the cuff" offer was not unreasonable or greedy. >>
One of my local dealers sells his silver dollars on a $2 spread, if a dealer is paying $23 for nice silver dollars and selling them for $30 or more then he is ripping off his customers.
BTW, Tellers know what's going on. Don't ever kid yourself.
<< <i>If it had been a 1893s would you have told her its true value? >>
Then it's value would've skyrocketed to actual melt value!!!
I think Herb would be more than fair. Remember, his offer was before really seeing the coin and condition and was just off the cuff.
I've dealt with Herb and I don't put him in the same class as many of the horror B&Ms we here about.
If he wanted it for specific reasons, aside from what he thought was just bullion, then it would likely be a different story. If the teller had asked him if there were better offers available, I have a feeling he would have either increased his offer a little or told her to try a local B&M.
It was 1 peace dollar, not a hoard.......many folks don't want to mess around with just 1 item.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>my point is being missed, if I had a teller who helped me out I woul dwant to return a favor if they told me a story like that, if they had truly wanted to sell it wouldn't you give more than $20, a lot more considering the grade and that fact that the teller has helped you in the past. Wouldn't ypou want to give a bonus for the loyalty and help with all the treasures giveth thee? Come on, how can you disagree with what I am saying here. Op is no criminal and i am just giving a hqard time th emost I would call him is a cheap skate but don't we find most B&M dealers cheapskate's...its in their blood I guess
Your point is well taken, just like at your favorite watering hole, the big tippers never go thirsty. Is there such a thing as being too fair?
<< <i> Is there such a thing as being too fair? >>
Absolutely, we don't know how productive the teller is for the OP. Maybe she holds the best material back, as in this case.
It sounds like the teller and her mom have some knowledge about coins. At least we have agreed it was OK for the mom to rip the old gent.
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<< <i>If it had been a 1893s would you have told her its true value? >>
Then it's value would've skyrocketed to actual melt value!!!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>It sounds like the teller and her mom have some knowledge about coins. >>
Agree. She at least knew not to sell it for 20% below melt.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>It sounds like the teller and her mom have some knowledge about coins. >>
Agree. She at least knew not to sell it for 20% below melt. >>
You really think that was the reason she didn't sell?
For something that is ~$30 (or less), there are many people who would keep as "cool" instead of trying to squeeze every little penny out of it.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
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Is there a problem with that offer? Please! >>
If it was a bank teller that I was friends with, I would have at least offered her melt value for her mint state Peace dollar. I am too generous with my opinions. >>
There I fixed it for you, no need to thank me PH.
Good job !!!
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<< <i>Went to my bank yesterday, as always I'm scanning the teller tray for silver, didn't see any. The teller knows I always look for "treasures", she said her mother gave her this coin and she and her mother had now idea what it was. It seems an older gentleman was at the doctors office, the place my tellers mother workes at, he was paying his copay with cash. The cash included a 1923 peace $, it looked to me to be uncirculated. First thing out of my mouth was "no way" and of course she said "way". I offered $20 then explained to her what she had, she said she would keep it and give it to her young son. Today I'm bringing her a 2x2 flip to house her treasure.
Cool story I thought!
Herb >>
You offered her $20 for a mint state Peace dollar? >>
Is there a problem with that offer? Please! >>
If it was a bank teller that I was friends with, I would have at least offered her melt value for her mint state Peace dollar. Maybe I'm too generous with my offers. >>
That was my first thought, the coin should have been worth at least $27 since it was mint state. >>
Technically wouldn't the coin now be about AU-58? I mean it probably passed through several sets of careless hands and across a counter or two, it's probably gotta a couple of "rubs" or maybe market acceptable as a slider Unc. And from visiting a few coin shows slider UNC peace dollars are pretty typical melt coins.
<< <i>If it had been a 1893s would you have told her its true value? >>
Most certainly!
realone
"the teller has helped the op out in the past and we all know what that means when you have a teller looking for you for free"
WTF are you babbling about. The teller doesn't look for silver for me. She had no clue about any silver coins, I explained to her about silver content of other coins, so yes I'm sure she's looking for them now. I highly doubt that she'll give them to me when she does find them. If she does find any they will surley go to her son.
Got any 90% you wanna sell for spot>>
Herb
<< <i>If anybody thinks 20bucks is an unreasonable offer, how come they aren't throwing pitchforks at the tellers mother for properly alerting the patient who got only $1 for the silver dollar.---the doctors office knows his identity. They can compensate him properly.
BTW, Tellers know what's going on. Don't ever kid yourself. >>
neither her mother or the teller knew anything about the coin. This teller is 20 something, believe me she had no clue until I educated her. I told her exactly what the coin was worth.
I offered $20 she said no then I said it had $25+ bucks worth of silver, then again said I'll give ya 20 bucks.
Mom had no clue either.
Herb
<< <i>my point is being missed, if I had a teller who helped me out I woul dwant to return a favor if they told me a story like that, if they had truly wanted to sell it wouldn't you give more than $20, a lot more considering the grade and that fact that the teller has helped you in the past. Wouldn't ypou want to give a bonus for the loyalty and help with all the treasures giveth thee? Come on, how can you disagree with what I am saying here. Op is no criminal and i am just giving a hqard time th emost I would call him is a cheap skate but don't we find most B&M dealers cheapskate's...its in their blood I guess
you're wrong!!
I've never had a teller on the lookout for me.
You're wrong again!!!
Herb
Once the old man fingered it, mom handled it, the teller had it jingling in her purse, ya 58, though it did look a bit better.
Her
<< <i>Yes there is most definitely a problem with that offer! Reread the freakin story, the op definitely knows the teller, the teller has helped the op out in the past and we all know what that means when you have a teller looking for you for free, and now the teller says her mother received a treasure outside of the bank and the op wants to steal it from her for $20. It ain't about the size of money, it is the principle that counts. It would be nice if generosity went both ways, it woul dbe nice if generoisity was returned, instead of trying to make a steal by taking her peace $1 from her it woul dbe nice to allow her to have and explain values to her or give her a nice tidy sum if she asked to sell it. The flip is too great a gift, just about fell over after seeing that reward.
She should sell it to the next Hotel buyers that come to town.
<< <i>The teller knows I always look for "treasures" >>
Quickly jumped to this:
<< <i>............and we all know what that means when you have a teller looking for you for free >>
The name is LEE!
Herb
I think it's threads like this that keep younger people away from coin collecting. As I explore the forums in greater detail, some of the behaviors here match what I see on the bourse floors- rudeness. And it makes me just want to separate myself from the people and the hobby. The point of the OP's post was to share the magic of finding a Peace Dollar in circulation. But instead of seizing that magic, the thread turned into three pages of scathing comments about "the offer" and even the OP's relationship with the teller- two points that are irrelevant to the magic and point of the story. It's a real turn-off. And this is one of many threads like this over the past few weeks.
You guys are EXPERTS and TECHNICAL LEADERS in this numismatic field. I recommend stepping up and also being leaders in human performance as well.
I had the opportunity to attend a speech by Sully Sullenberger recently. He was the captain that successfully landed US Airways Flight 1549 in the Hudson River with no casualties after experiencing a bird strike that resulted in the catastrophic failure of both engines on the Airbus A320. In his speech he talked about this "human performance" and the importance of introducing culture change where it was necessary to correct behavorial problems that could adversely affect the performance of the industry (ANY industry). He said that these aren't "soft skills", they are HUMAN skills. In short, lead and value others. His powerful quote: "If you don't lead and build a team...if you don't help others to help you...given enough time...and given enough trials...YOU...WILL...FAIL- and fail spectacularly."
This younger generation doesn't want to (and doesn't need to) experience all of the pettiness of being ridiculed for sharing an idea or story. At best, they'll just keep silent after the unwarranted ridicule but stay in the hobby. At worst, they will leave the field. And over time, this will lead to a spectacular failure of this rich and rewarding hobby.
-Jacob
<< <i>I don't want to come across inflammatory with the following observations and opinions, so I'll preface my comments by saying that I hope they are taken constructively.
I think it's threads like this that keep younger people away from coin collecting. As I explore the forums in greater detail, some of the behaviors here match what I see on the bourse floors- rudeness. And it makes me just want to separate myself from the people and the hobby. The point of the OP's post was to share the magic of finding a Peace Dollar in circulation. But instead of seizing that magic, the thread turned into three pages of scathing comments about "the offer" and even the OP's relationship with the teller- two points that are irrelevant to the magic and point of the story. It's a real turn-off. And this is one of many threads like this over the past few weeks.
You guys are EXPERTS and TECHNICAL LEADERS in this numismatic field. I recommend stepping up and also being leaders in human performance as well.
I had the opportunity to attend a speech by Sully Sullenberger recently. He was the captain that successfully landed US Airways Flight 1549 in the Hudson River with no casualties after experiencing a bird strike that resulted in the catastrophic failure of both engines on the Airbus A320. In his speech he talked about this "human performance" and the importance of introducing culture change where it was necessary to correct behavorial problems that could adversely affect the performance of the industry (ANY industry). He said that these aren't "soft skills", they are HUMAN skills. In short, lead and value others. His powerful quote: "If you don't lead and build a team...if you don't help others to help you...given enough time...and given enough trials...YOU...WILL...FAIL- and fail spectacularly."
This younger generation doesn't want to (and doesn't need to) experience all of the pettiness of being ridiculed for sharing an idea or story. At best, they'll just keep silent after the unwarranted ridicule but stay in the hobby. At worst, they will leave the field. And over time, this will lead to a spectacular failure of this rich and rewarding hobby.
You're right but I still think offering at least melt value would've been the right thing to do.
As for commenting he would have offered melt on an 1893-S dollar I was trying to be amusing but came across somewhat mean spirited so for that comment I apologize.
-Jacob >>