Can someone tell me how to get my bank to order boxes of new pennies?

jessewvu · March 3, 2010 10:53PM

I thought someone once explained the process.

OKbustchaser · March 3, 2010 11:06PM

Order and prepay for them yourself. Otherwise, unless their commercial customers have need for additional cents they have no reason to order them.

edit: Nor should they do so. Same thing with dollar coins. Otherwise the coins just sit around the vault taking up space.

notwilight · March 3, 2010 11:08PM

depends on the bank. All you can do is ask. --Jerry

keets · March 3, 2010 11:09PM

figure out a way to get citizens to hoard all the cents currently in circulation so merchants need them for commerce. short of that, unless your bank really likes you it's a long shot. remember, coins are struck to facilitate commerce and there is a dwindling need the almighty Cent.

IrishMike · March 3, 2010 11:36PM

Deposit a million plus in a non-interest bearing account, you will then get their attention. Proceed to ask nicely.

leothelyon · March 3, 2010 11:40PM

Short of falling into a fetal position and crying your sad eyes out......I have no idea.

Leo

Robb · March 3, 2010 11:44PM

Make your request with the vault teller. There shouldn't be an ordering process "per say" as they will have boxes on hand.

ETA: Nevermind, I just saw that you said NEW.

ETAx2: You don't deserve any since you called them pennies. /shakefist

PTVETTER · March 3, 2010 11:44PM

When a bank makes a request like that, the bank also pays an extra charge for that service..

When a banks orders change they get what ever is available form thier source.

MsMorrisine · March 3, 2010 11:47PM

<< Short of falling into a fetal position and crying your sad eyes out......I have no idea. >>

that and bribes... generous bribes....

(I'm not joking)

MsMorrisine · March 3, 2010 11:48PM

<< When a bank makes a request like that, the bank also pays an extra charge for that service..

When a banks orders change they get what ever is available form thier source. >>

a branch mgr. told me that, but I wonder if that wasn't just a good way to try get rid of me (us)...

offer to pay any fees.

MsMorrisine · March 3, 2010 11:49PM

<< Deposit a million plus in a non-interest bearing account, you will then get their attention. Proceed to ask nicely.

>>

absolutely,,, how good of a customer are you? Don't wear out your welcome... tread lightly....
(I wore out my welcome at my bank)

MsMorrisine · March 3, 2010 11:50PM

<< I thought someone once explained the process. >>

It was I...

search for my thread with the word "Score" in it....

I also sent you a PM once on it.

(and the Fed Res. is already saying they will not guarantee order for boxes of quarters will be America the Beautiful Quarters.... they stopped after the Territories. However, they still guarantee the pres. dollars. as can be seen on their web site listed in the other thread.

Robb · March 3, 2010 11:51PM

No, the branches do not pay an additional fee for special requests to their supplier. They simply make the request and the supplier is either able to fulfill it or not.

MsMorrisine · March 3, 2010 11:55PM

<< No, the branches do not pay an additional fee for special requests to their supplier. They simply make the request and the supplier is either able to fulfill it or not. >>

I definitely know they pay for coin deliveries... that is obvious... it's a service they have contracted for with the armored car companies.

However, I can't confirm they have to pay extra for ordering new coin or new currency....

My bank used to tell me they just had to make a call to do it.... they never mentioned an extra fee as part of the extra trouble. It was another branch mgr. that told me it was an extra fee for it.

tahoe98 · March 4, 2010 12:02AM

....first thing you should do is open an account at a bank in puerto rico!

MsMorrisine · March 4, 2010 12:05AM

<< ....first thing you should do is open an account at a bank in puerto rico!

>>

ABSOLUTELY!

know anyone in PR and ar ethey close enough to you that you could ask them to go to their bank and order them?

It seems it is easy to get new coin in PR.

coindeuce · March 4, 2010 12:11AM

Try calling Oklahoma Coin Exchange, or any of several other dealers on the C.C.E. that have them in stock.

Robb · March 4, 2010 12:22AM

<< 

<< No, the branches do not pay an additional fee for special requests to their supplier. They simply make the request and the supplier is either able to fulfill it or not. >>

I definitely know they pay for coin deliveries... that is obvious... it's a service they have contracted for with the armored car companies.

However, I can't confirm they have to pay extra for ordering new coin or new currency....

My bank used to tell me they just had to make a call to do it.... they never mentioned an extra fee as part of the extra trouble. It was another branch mgr. that told me it was an extra fee for it. >>

That's why I said "additional". The bank, specifically the vault manager, makes the request for newly minted coinage to the supplier. Either they fulfill it or they don't.

pennyannie · March 4, 2010 8:53AM

I can order all the lincolns cents i want. I place an order thru the bank by noon on friday and pick them up wensday morning. The only problem is the armour car company has a bad habit of mixing new cents with the old ones and then they put them in the shrink wrap tubes.

I did manage to get 123 boxes of lincoln number 2 and 3 that were all uncs. Last i looked they were only bringing about 40 bucks or less on ebay so i just use them to weight the safe down.

MsMorrisine · March 4, 2010 9:15AM

<< 123 boxes of lincoln number 2 and 3 that were all uncs. >>

wow! one hundred twenty three ??? wow!

sinin1 · March 4, 2010 9:18AM

depends on your bank

many will order boxes specifically for you

some will request the coins do not come back to them

many will say their source can not guarantee any year as the rolls are part of the circulation 'mix' that gets delivered
and only topped off with new stuff when they need to
and the new stuff could be from a few years ago

Batman23 · March 4, 2010 9:26AM

Go to your bank and buy every box of cents they have. They will have to replentish their supply. Go back a week later and trade them out. Unfortunately if your banks are like the banks here they will get recirculated cents as replacements instead of new ones

TwoSides2aCoin · March 4, 2010 9:28AM

Marry a teller.

tahoe98 · March 4, 2010 9:32AM

<< Marry a teller. >>

.....

LindeDad · March 4, 2010 9:52AM

Don't go to my Credit Union all they ever have is reused coins. I think a bunch of us keep depositing rolls or something.

Walmann · March 4, 2010 1:06PM

<< Marry a teller. >>

Being married to one I can tell you I have a better chance of getting a cup of coffee from her than a roll.

And the chances are the coffee wont be hot either.

pennyannie · March 4, 2010 1:27PM

<< 

<< 123 boxes of lincoln number 2 and 3 that were all uncs. >>

wow! one hundred twenty three ??? wow!

>>

Sorry typo- 12 boxes not 123

Bochiman · March 4, 2010 2:53PM

<< 

<< Marry a teller. >>

Being married to one I can tell you I have a better chance of getting a cup of coffee from her than a roll.

And the chances are the coffee wont be hot either. >>

Ouch!!!

Snowman24 · March 4, 2010 11:42PM

Sometimes - i sweeten the deal for the main teller.

Usually every other time i order some boxes i give some candy like a bag of Hersey kisses.
Just to show that i appreciate all the hassle. I know they are doing me a favor for ordering boxes of coins.

I dont order too many boxes - its like 3-4 boxes every few months. Sometimes I feel bad because the teller has to go to the safe, have to fill out a form for the withdrawal, the safe is in the back of the bank, she then wheels her chair to the back to move the boxes of coins to the counter because they are too heavy for her. also, i try not to stop by on a Friday which is payday for many.

Bullitt · March 5, 2010 1:04AM

Hello, I work for one the larger armored car companies in texas. I can tell you that you can get new boxes of coin from banks, only if like the new quarters or pennys are due to be released. Banks order by automated systems which will tell them if new coins are going to be available. They are limited to how many boxes they can order too, per how many branches they have. All new coin except new design penny, state quarter, pres dollars are just mixed with remaining inventory. We used to get from mint new bags of quarters in 1000.00 bags, dimes in 1000.00 bags, nickels in 200.00 bags and pennys in 50.00 bags, the coin now comes in bulk bags on pallets, 2 to 3 thousand lbs bags. Armored car companies also charge a small fee for each roll of coin, something like 2 to 3 cents each, so 50 rolls to box. Banks do not pass that to customers, that would be crazy. Very few banks roll their own coin, machines are expensive and break down all the time.

Can someone tell me how to get my bank to order boxes of new pennies?

Comments

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

Leave a Comment