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Posted on wrong forum. Is it me or are banks
QuarterCollector
Posts: 1,384 ✭
I'm finding it harder to get rolled coins from local banks. Most tellers stair blankly or start asking questions when I ask for $100 in half dollars or other denominations. I was at my local TD bank today and when I asked to exchange $100 bill for $100 in rolled nickels I was met with hostility. The teller asked if I had a business that required change. When I stated that I did not she advised me that they save their rolled coins for businesses. Is this common practice?
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-Paul
It really depends on the size of the branch you visit. If you are walking
into a small satellite branch I can see how they may not have a lot
of rolled material on hand.
Visit the larger branch downtown and they often help out due to
the volume they do.
Of course you can just lie to the teller who obviously thinks they are
all powerful. I guess i would not really care telling a fib in that case.
...............you need to have a bigger savings account balance.
When the state quarters started coming out, I was going to roll collect, but the banks got so annoyed, I gave up after two states.
I remember asking for a roll of BRAND NEW 1999 Quarters and the teller just handed me a roll of used mixed and said we don't have time for that and if you need quarters then this roll will spend the same as a BRAND NEW roll.
It's even worse trying to deposit rolls- they basically wont even take them because it takes too long to count and they can't tell if the roll is full of money or just a steel cylinder.
<< <i>I would pour a pillow case full of sticky ashtray pennies on the counter and make a deposit to your checking account. >>
I tried that once. They made me roll them myself and stand in line again.
https://www.smallcopperguy.com
Hoard the keys.
<< <i>I'm finding it harder to get rolled coins from local banks. Most tellers stair blankly or start asking questions when I ask for $100 in half dollars or other denominations. I was at my local TD bank today and when I asked to exchange $100 bill for $100 in rolled nickels I was met with hostility. The teller asked if I had a business that required change. When I stated that I did not she advised me that they save their rolled coins for businesses. Is this common practice? >>
So tell them you need them for a business, your business and none of their business.
Cash (especially rolled coin) is a non-earning asset, so most branches won't carry much of it and will save what they have for their regular customers.
As VicThrust suggested, if you're a regular customer, most branches will be happy to order whatever you want.
Check out the Southern Gold Society
<< <i>My experience is that some are nice, some are a real pain in the ass >>
try to get to know the head teller...
<< <i>The banks around here, even big one like Wells Fargo and BofA, have always be hostile and treated coin collectors like dirt.
When the state quarters started coming out, I was going to roll collect, but the banks got so annoyed, I gave up after two states.
I remember asking for a roll of BRAND NEW 1999 Quarters and the teller just handed me a roll of used mixed and said we don't have time for that and if you need quarters then this roll will spend the same as a BRAND NEW roll.
It's even worse trying to deposit rolls- they basically wont even take them because it takes too long to count and they can't tell if the roll is full of money or just a steel cylinder. >>
Why would a bank even care if you are a coin collector? That isn't their line of business by any stretch. No profit in it for them so why should they try to set aside rolls for collectors.
As far as depositing rolls, do you have an account with them? That always helps. Sometimes, in a new bank, I'd be asked to put my name on the rolls (hate that) but that stops pretty quick because if you deposit rolls often, they WILL remember you if something comes up short.
I have no vested interest in any bank other than the business I do with them. I just felt you were a bit harsh on them for operating as thier business expects them to.
I have a real hard time breaking a $100 bill these days
at small stores..sure wal mart and quick trip are no problem.
I got a GREAT deal once on a hoard of deceased customer that had zero family surviving him.
Scored BIGTIME - but nowadays - Phootp!
The mainstream established banks however were more than helpfull and even their small branches were ok with it. One bank in particular I remember set aside all fresh minted bank rolls and offered them one roll per customer. I thought that was a nice way to help out the small collector and they made sure the max number of folks got to enjoy the coins. I believe that was Key bank....
Franklin-Lover's Forum
<< <i>...............you need to have a bigger savings account balance.
That does have it's advantages, you would be amazed how friendly tellers can be. I had one recently that wanted to place a 7 day hold on a large cheque deposit I was making - until her co-worker advised her that I held CD accounts there that were not insignificant.