so I could be sitting on a "gold" silver mine
konsole
Posts: 795 ✭✭✭
My mother is the head cook at one of our towns elementary schools. She is responsible for depositing the lunch money at the bank. Ok so now we have little kids bringing in their coins from home to pay for their lunches clueless about what they may be bringing in. It doesnt end up being that much coin, maybe $50 or so but worth a search through. My mother says she will take out anything unusual she finds including any silver, but not being very knowledgable in US coinage and not having the best eyesight are not working on my side. I'm trying to convince my mother to replace all the coins with bills, but shes being pretty reluctant saying how strict the handling and the deposit of the money has to be. I know I probably won't find alot, but coin clueless mothers and kids bringing in their coins from home is probably the best source of interesting coins left in circulation.
Now if I can only convince her to replace the coins with bill and bring the coins home. I said I'd give her atleast 4x face for any silver she found :-) Don't worry I wont be stingy.
Now if I can only convince her to replace the coins with bill and bring the coins home. I said I'd give her atleast 4x face for any silver she found :-) Don't worry I wont be stingy.
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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
Let us know what you find.
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
Thus, replacing the coins for bills would not be a viable and safe option if she values her job. It would draw much attention to her and cause unnecessary problems.
We've worked out a schedule and the security issues.
Get this, they don't know how they would handle the extra money as I told them I would pay them a fair value for any silver coins.
That's the hold up so far, they'd make money that they don't have a category for.
I was surprised that we could hash out the details to start off with and now I'm absolutely stunned that the hitch is that they will make extra money!!
I suggested that they used it to reduce the costs of their armed security guards, so they are mulling it over.
I don't have much hope that that will fit into their projected costs. I've been waiting for an answer now for over a week.
They just pour it into bags and ship it off. That brings tears to my eyes, there could be so much silver in there..............
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>I've been trying to work out a deal with my bank and their various branches with Coinstar type machines. >>
It is my understanding that Coinstar machines reject silver.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>I've been trying to work out a deal with my bank and their various branches with Coinstar type machines. >>
It is my understanding that Coinstar machines reject silver. >>
I've heard that also. Anyone know for sure?
I think I must smell it or smoething.
<< <i>I've been trying to work out a deal with my bank and their various branches with Coinstar type machines.
We've worked out a schedule and the security issues.
Get this, they don't know how they would handle the extra money as I told them I would pay them a fair value for any silver coins.
That's the hold up so far, they'd make money that they don't have a category for.
I was surprised that we could hash out the details to start off with and now I'm absolutely stunned that the hitch is that they will make extra money!!
I suggested that they used it to reduce the costs of their armed security guards, so they are mulling it over.
I don't have much hope that that will fit into their projected costs. I've been waiting for an answer now for over a week.
They just pour it into bags and ship it off. That brings tears to my eyes, there could be so much silver in there..............
My ex used to work for a bank, and there was a similar policy. Anything unusual, or something that didn't look right, got put into the 'container' for such things. However, they were very reluctant to trade anything or sell anything out of that.... due to not knowing how to account for the extra money, or how to value anything. As a result, it just got shipped off also..... and probably put on the sheets as a loss. I know there were many interesting things in that cache..... one time my wife was able to work out swapping another cent for a flying eagle cent in the can!
<< <i>
<< <i>
<< <i>I've been trying to work out a deal with my bank and their various branches with Coinstar type machines. >>
It is my understanding that Coinstar machines reject silver. >>
I've heard that also. Anyone know for sure? >>
They do reject silver, in all denominations-- or at least the machine in the supermarket I used to work at did. I had a pleasant surprise one day when I went over to see what was 'clunking' (I figured they had to be some big coins to be making the amount of noise they were) in the return tray as someone was cashing in a container of change: nine 90% silver half-dollars: 9 Franklins and 1 Kennedy. I was not always able to get there first, as I did that day. Most people often brought the rejected change over to the customer service desk to cash it in with their redemption slip (many of the the managers, knowing the value of such coins, put them aside; those I became friends with showed me their substantial piles of silver coins). However, I was able to find silver dimes several times as well. Every so often I was able to pick up a good number of Eisenhower dollars and 40% or 90% silver halves after work, but I never asked exactly where they came from.