Bank refuses coins
1946Hamm
Posts: 805 ✭✭✭✭✭
A friend of mine had about a hundred dollars worth of kennedy halves all clad that are discolored in a fire.Not bad just blotchy discoloring. No bubbles, warping or damage and the bank refused to take them. I didn't know that a bank could refuse to take them. I know if I had an account at a bank and they refused them, I would find another bank. What say you ?
Have a good day, Gary
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..........talk to the manager. why should you have to spend 9% to trade in the halves at coinstar? especially if you have an account at that bank.
<< <i>The real answer is that there is no law that says private banks have to accept your money. Obviously that is their business, but they are under no obligation, nor is any other business, to take your cash, no matter what form its in. >>
Thats a B-I-N-G-O!
Our economy has become so spoiled that few are aware that a bank does not even have to deal with you if they don;t want to!
The name is LEE!
Chris
I'm sure they would take them.
<< <i>A friend of mine had about a hundred dollars worth of kennedy halves all clad that are discolored in a fire.Not bad just blotchy discoloring. No bubbles, warping or damage and the bank refused to take them. I didn't know that a bank could refuse to take them. I know if I had an account at a bank and they refused them, I would find another bank. What say you ? >>
Is getting some wrappers and rolling them himself is out of the question? It's not like it would take more than a couple of minutes to do so.
<< <i>Use them as a down payment on a new SUV. >>
Heck, at the rate SUV are going down in price, they might buy the whole SUV!
``https://ebay.us/m/KxolR5
also good as tips at restaurants . Self serve gas stations are also useful , after you've
pumped in $22 . how can they refuse? Money orders at post office may be another way
out, after they printed your M.O. Other similar options exist .
I can see if they only take loose coins at certain hours, or have you roll them first. I would ask to speak to the manager.
You could always clean them up with soap and water.
The other option is to just spend them a little at a time.
Years back I used the service offered by the Treasury Dept. and sent in $660 something in fire damaged coins. There were many that were melted together and many partial coins. I kept a few for soveniers but later on had little need for them and was stuck with them at that point. On some the copper layer melted out and the two thin steel layers were stuck together. I may still have one somewhere, if I can find it I'll post a pic.
<< <i>What reason sis they give for refusing to take the coins?
I can see if they only take loose coins at certain hours, or have you roll them first. I would ask to speak to the manager.
You could always clean them up with soap and water.
The other option is to just spend them a little at a time. >>
Burnt coins won't clean up with soap and water. Been there, tried that.
<< <i>This particular bank will not take rolled coins of any kind. >>
Never heard of a bank refusing rolled coins. I would look for a new bank if I were you.
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>Go to Coinstar. >>
and pay 10% fee ?????
<< <i>
<< <i>This particular bank will not take rolled coins of any kind. >>
Never heard of a bank refusing rolled coins. I would look for a new bank if I were you. >>
Me too
If a bank don't want my money, they ain't gettin' any of my money!!!
Steve
Doesn't surprise me a bit that they won't take 'em. Our banks were sick and tired of Kennedy returns back when silver was $6/oz.
<< <i>Washington Mutual has many branches here that don't accept coins. They are (were?) basically manned ATM's. >>
Maybe that is why they went under!
CoinStar can be used for free is some circumstances. The ones in our local grocery stores are free if you get gift cards for the store (or other vendors on the list) with the coins.
Commerce Bank has coin counters that are free (even to non-customers)!
those things were cursed. from the moment I touched them everything went wrong. ending with them being stolen by a USPS employee once I finally found someone to take them off my hands
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You wouldn't believe how long it took to get him to sit still for this.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay