How to buy boxes of coins from the bank - Tips and Tricks from a Coin Roll Hunter
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- čas přidán 24. 07. 2024
- So you have watched a bunch of youtube videos of people finding old coins and silver in coin rolls from the bank and you want to get rolls or full boxes and don't know how. If so... this video is for you! I cover how I go about working with my banks to order boxes of coins as well as where and how I return the coins I have searched. I hope this helps any of you out there interested in starting out in the hobby! Enjoy!
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If a bank says they are not giving you coins, thats your dump bank right there. Keep a list of banks saying no as well. Its useful.
This is not a bad idea.
@@GASilverHunter I always wondered, why if its money for money, is it legal for them to say no? It’s a legal tender after all. Can they refuse to take your dumps?
I don’t know if legally they can. I have never had anyone say no. I have gotten a lot of dirty looks. I have been asked not to bring back halves to the same bank I got them from by the bank manager before. Legally they probably have to take them back.
@@Kaouix They can legally say no because coins are not legal tender. Rather they are lawful money. There is a subtle distinction there which basically means that you can use coins as a legally sound way to settle debt and pay for purchases, but either the buyer or the seller reserve the right to refuse to accept or use them. Bills on the other hand are legal tender. This means that if you wish to settle a debt using bills, the recipient must accept them. If you are a seller who only accepts cash, the buyer must pay in cash and the seller is legally protected in their insistence on only using physical currency. This only applies to debt settlement.
@@RedShiftedDollar even in a small denomination note but a lot of them?
The branches that don’t sell me coin becomes my dump bank!
Great information for us new coin roll hunters! I have found some success when striking out on a box of quarters is to ask the teller if I can buy 10 rolls - They seem to be willing to do that and then I go to another member branch and do the same! So after 5-6 banks I have my $500 in quarters! 👍 New Subscriber! Happy hunting!
Thanks for the advice. I just started coin roll hunting, and I ran into resistance from various branches. I filled out a survey Fifth Third bank sent to my email, and I mentioned problems obtaining these rolls. The next day, I got a call from my local branch, and I had a nice conversation with the branch manager. She explained to me exactly what was going on with the coin shortage. She answered all my questions, and she offered to allow me to order boxes when their limitations are lifted. I was completely honest, and I promised not to be a hassle.
Well done. Over time you will find that you almost will become friends with everyone at the bank (if you do this a lot). Literally everyone at every branch I go in greets by name, asks if I am finding any good stuff, etc. me when I come in now.
Its been two years...how has your coin roll hunting gone?
You asking me or Andrew?
@@GASilverHunterAndrew
I go around to different banks and just get a few rolls from each. I tell them that I have "the kids" filling coin albums since they're home. It's entertaining and they're learning. It's a little fib, it's all for me, lol My husband's cousin works at my bank and orders boxes for me.
Thats a good tactic as well!
Ew
Thanks for the information and advice. Stay safe.
Hey, Thank you. I am trying to become a person who does the treasure hunting. I see people having these boxes and had no Idea. I will try your strategies!!! Also, loved when I lived in Hot Lanta!!!! I wish you massive luck and Fun. Thank you.
So much.
Great advice. Thank you! 💜
Very good information. I work as security at a bank. The bank I work at is in a tourist area. Most who live within a few mile radius of the branch are wealthy and low income with few middle class. They do not accept cash from non-account holders because of the high likelihood of people bringing in fake bills. They could check the bills but then they would have a much higher turnover which would cost them them allot of time and money.
Great video I’ve had to learn on my own some of the things you covered.
Thanks! Really appreciate the kind words.
Awesome information on how to get boxes from banks. Thanks for sharing. Take care and be safe!
Thanks! Take care.
We have a local bank that has a coin machine (non coinstar) that you can dump into and spits out a receipt to give to the teller. If you're an account member they don't charge any fees. I really need to get hunting and take advantage of this.
I had one bank that had them for my first 2 years... they kept breaking all the time so the bank decided it wasn't worth repairing them any longer. Some credit unions around me still have them but 1. you have to have an account. 2. Most of them after $200-300 they charge a fee.
Great video and discussion topic. You gave some really good advice. 👍🏻
Appreciate it C&R!
Great information! Thanks for sharing!
You bet!
Another way you can dump your coins is a casino. Most casinos will take your coins rolled or not (they have a coin counter). Just go up to the cashier and tell them you want to cash in the coins you brought.
Very true. You have to live near a casino though. Closest one to me is 3 hours away. Great advice for someone who lives close to one though.
Excellent tips
There are a few banks where I don't even have an account but have been coming in for so long they just assume I have a account. Usually if I run into a box of all brand new coins I'll take them there and exchange because then they're not out any coins and I get older coins to sort thru :)
Thats awesome. I have one Chase bank that is kinda like that. They won't order for me, but if they have boxes on hand or rolls they will let me buy. I think it also helps that one of the main tellers was one of my main tellers from Wells Fargo a few years ago so she knows me.
Thank you for this video. My grandson is 11 and has become interested in finding old pennies. I just bought him an error coin microscope. Magnifying glasses give him a headache. I love his interest as he’s young. Going to see if we can start him off with a box of pennies. Looking forward to more of your videos.
Pennies are a great way to get into the hobby. A box is cheap and its a lot of fun filling in albums. With just 1 box you can actually fill out quite a number of holes in Book 2 and 3 of the Lincoln Penny folders. I do have a document in the description of all my videos that shows what I look for when hunting pennies. Good Luck and Have Fun!
After going thru a box of quarters I found a W quarter I did not knew exist - it was (drum roll please!) a 2020 American Samoa National parks with the Privy mark ( V75) to the left on the obverse! Thanks to the Red Book, I found it to be in what I would determined to be in MS-63 condition! Another W quarter to look for guys and gals!
Well done. Love finding W’s
Found one too last week in my change. 2020-W Kansas. I think it's worth ten bucks.
This is awesome, thank you.
You’re welcome.
Awesome information.
Glad it was helpful!
thank you very much
I'm supper lucky that my local credit union is supper chill about coins, they let order me anything and are very chill about returns
You are quite lucky. I am getting the side eye more and more from certain branches and my order banks have slowly dwindled. Everyone will let me get customer wrapped no problem still, but some of the branches will not order.
@@GASilverHunter the only thing I have to keep in mind is that my local branch has a small valt
Doughnuts are a good thank you card for the bank tellers too.😁
I still haven't taken in coffee and donuts yet, but its mainly because I go in so late in the day. Its a great tip though.
Great video. I am sure somebody has suggested, don’t be afraid of the small banks and credit unions. You would be surprised how they will help especially when you open an account! Additionally buy cheap coin books. Bring them in every once in awhile to show the tellers your progress.
I have checked and only one small credit union near me. Will check by there more often. Info stop in and ask if I were a member could they order coin and they said no.
@@GASilverHunter I haven’t approached many Credit Unions but have been lucky with them. I recently moved to a new area. The local banks were not as receptive but the credit Union was all in for being a dump bank. Long story short, my original bank backed out of ordering me half’s so I asked the credit Union, they said absolutely! Was not expecting that. You just never know.
Thank you for showing us on getting coins from a bank
Any time!
I have had better luck buying 3 to 5 rolls at a time and stockpiling them until i have a full box. Every box i have ever bought has had mostly one type of coin in it so I would end up with hundreds of the same coin. When I buy them in lower batches they give me the coins they are using up front to stock their change and there is much better variety because most of them seem to be customer return rolls. Just my opinion. Thanls for the video, I enjoyed the info.
I've had no issue obtaining entire boxes, but live in a pretty urban area. So they get regular deliveries and deal with a lot of businesses that need coins. In fact at Wells Fargo I had asked for a single box. Usually I'll ask for a box and they'll say let me check if we have it etc.... so the teller say yeah we can do that she grabs the little cart which I'm not thinking anything of it because boxes are heavy (so just be safe). Then a few moments later she comes back with 8 boxes! I was only expecting a single box. Not sure if she misheard me or what but didnt even expect them to hand out 8 boxes.
She looked so sad about bringing them all out and me only wanting a single box. So told her you know what I'll take 6 boxes hahaha
I just started about a month ago and my town only has 2 banks 1 bank doesn't carry coin box and has a fee free coin return machine so I don't have to wrap and the other bank I can get whatever because I've became friends with the elderly teller
Gracias amigo
Yeah I've had a lot of bad experiences and good . Only branch that I have a good experience with is my home branch that supplies me. They even take them back if I need them to and if later I buy more they make sure not to give me rolls I've turned in. Their cool I buy them coffee gift cards every now and again.
Thanks for sharing your experiences for others to see.
Nice video - I was always wondering how to get a box of coins.
No you weren't. You get 100 boxes a week! :-) A lot of people ask this question though.
@@GASilverHunter LOL yeah they do - good video
Two years might be too long for you to read this comment. I started collecting recently and found at the three banks that sold me coins (two I have an account at) the tellers are confused by someone non-business buying coins. That could be good since few people in my area are collecting, but at two banks they seem 'put out' by having to go through the steps. I'm wondering if common customer service is trained any longer. Thanks for the vid!
I try to read any comment that shows up in my "recent comments" feed in CZcams, but sometimes they slip through the cracks. There are good tellers and bad tellers... I have a few that can be cranky so I tend to stay away from those banks or branches, but I have that luxury as there are a million banks in the metro atlanta area. Thanks for watching and commenting.
I discovered if you say you're in the arcade business and actually show up regularly... they believe it and then will work with what they got .....sometimes 😅
I originally played off what I was doing and found over time the tellers appreciated the honesty.
Thank you so much. The box I did get they said they would take them back rolled which I did. Then asked again and they said they couldn't do it again right now.
I would definitely work a few different banks or branches of the same banks... spread out your coin buys and coin returns. Sometimes I stop at 7-8 different banks in a few hours on a Saturday morning.
@@GASilverHunter I will try, I was able to secure 16 rolls today by going to three different branches. So it is possible, next week I will spread out further. GA Silver Hunter you've been very and more helpful than any other coin roll hunter I've asked. For that Sir I thank you. o7 🇺🇸
You're welcome! Glad I could help.
I’m in the hunt of halves
Awesome video. I’m curious how you return the small coins you have sorted through. Thank you
I have the royal soverign coin sorter. I rewrap and return to different branches of my banks. My fifth third banksnused to have free coin machines but they either broke or were removed over the last few years. Pennie’s I just throw in the coin Star at Publix and pay the 10%.
Coin star
Coin star charges 10-15% in most areas. Dropping $2000 a week in change in a coin star gets expensive fast!
Good luck sweetie 😘
Seems like something I might be interested in doing that I was just wondering what is the success rate of actually finding silver in these rolls
Its very hit or miss. I have gone 20+ boxes with no silver. Lately I am finding silver in every 2-3. You just never know.
I’m going to try this sometime soon. I’ve been going to my local Bank of America lately for coin rolls. They’ve been very nice and have had all denominations. Im going to try to obtain a box of halves there. It’s kind of hard ti obtain $500 cash as a 14 year old though.
That is true... Ask your parents to do it with you. Show you are interested in this. I bet you would be surprised how quickly your parents may jump up to spend some time with you and share a hobby or activity.
Thank you for the information on getting boxes of coins from a bank.
I have found the resistance you speak of.
I opened up a new bank account and later that day I emailed the lady that opened the account up to ask about ordering coins.
Mind you, I spoke to her about collecting coins, and wanting to do this while at the bank. I got the feeling she had no interest in working with me, then. And her email response confirmed it. First, I get a story about needing a business account, I was willing to do that, while telling me none of her other business customers order coins. So, a business account would not have made any difference is what I got out of it.
One would think a $15,000.00 deposit with zero percent interest paid to me, that the bank can then loan 20% of it out at 7- 20 plus percent would get them to order me some coins.
Beyond telling her the coins would not be coming back and seeing if we could come to some time period to order coins, once a month, every two months. etc.. There is nothing else I can do.
I know what the problems are, some bank tellers don't think about customer service nor building customer or potential customer goodwill before saying no. The other issues are pushback from the people delivering the coins, moving and handling the coins in the bank and getting the coins back.
I don't speak for others, but when I promise to do something I do it. I think too many people assume everyone is lying to them so no becomes the standard response to avoid the hassle.
There are plenty of banks where I live too. As you said, you need to keep looking until you find a bank or banks willing to work with you and have the cash ready to get the transaction done.
Tellers are people too. You don't need to go Eddy Haskle, Google him if you don't know who he is, but it help to show appreciation when someone is doing you a favor.
I hate to hear that. I can tell you that my main bank that I get coins from now told me they absolutely would not order coins. It took some time and relationship building but they eventually gave in and now they order for me weekly. For you, it may be best to just find another bank or another branch if you want to move quickly. Good luck.
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Thanks and welcome to the channel!
What is the best coin you ever found? What did you sell it for or what was the highest price you ever received for a single coin?
Best coin... 1853 Seated Quarter. Didn't sell it. Most money made was a cracked planchet 2022 Wilma Mankiller that I sold for around $280. Honorable mention would be my transitional 1988 Penny that I believe would fetch $100-200 depending on grade. I have found a fair number of coins that would sell in the $50-$100 range.
Do you have experience with Chase bank? I'm looking to order 2s from them.
very little. Don’t have an account there but the one by my house has a teller that knows me because she used to work at Wells Fargo so she is really kind to me and lets me buy from her even though I don’t have an account. Most chases will do $100 max transaction without an account.
What I do is I return coins but use those coin rolls to buy more coin rolls.
Thats what most coin roll hunters do.. but if you are buying halves and returning them to the same bank... that often leads to a fairly short relationship with that bank. But if you are returning quarters to get nickels or dimes to get pennies... most banks are fine with that because its all currency that will eventually make its way out the door.
I enjoy looking through Lincoln memorial’s.
How do I ask the bank for coins while to making sure I’m not getting a bunch of pennies that someone else just hunted through?
Unfortunately there is no way of knowing. I would say, a lot of coin roll hunters do put marks on the wrappers so they don't accidentally pick up their own returns... so if you see 25 rolls all with the same mark or lettering on them, I would either pass or maybe pick up 2-3 of them to see what you get. Another thing I have done sparingly is take your pocket scale with you. If you are looking at penny rolls... weigh a few of them. If they are all around 126g they are all zinc and likely searched.
@@GASilverHunterMan I really appreciate your time. This is the greatest gift one can give another. Also, the passing of your experience. You earned a sub from me. I really appreciate it again.
No problem! Thank you for the wonderful comment!
@@GASilverHunterYou are welcome. Its a blessing I do not overlook when someone is willing to part with some of their time as well, with their knowledge. World would be a better place with more of you.
I am from trinidad 🇹🇹...
And what can be done for us the make cash after the coins are disbanded or .And what some of you all do after buying the coins .I do want to venture into this hobby. Just looking for some advice.
No idea what you can do in Trinidad. The valuable coins found are either kept as part of your collection, sold immediately for cash, or if precious metal added to the stack for retirement.
Is there any bank that lets you get boxes still? All the ones I have gone to said that for collectors, i can only have 10 rolls. I hope my hobby does not get pushed down the drain.
Yes. But some wells fargo branches have been squirrelly lately and will only let me pick up customer wrapped. Still have a bank or two getting me boxes. Picked up a box of dimes and nickels earlier today.
@@GASilverHunter Lucky man. I have been to every bank in my area, and no boxes.
@@GASilverHunter customer wrapped has the silver in it.. :D free dimes as well
@@punker4Real That is true for many. I find most of my silver dimes in customer wrapped. Silver Halves as well (when I can find customer rolls which is rare). Silver Nickels and Quarters... I find almost none in customer rolls. I do get a lot of free dimes and pennies in customer rolls though.
Alright I’ve been to idk even know how many banks around me that I have accounts with. I go in and ask for either one box of nickels or one box of pennies and immediately they ask if I’m a business I’ll say no and then they’ll say I can’t get anything unless I have a business account. Idk if it’s my areas bank, a state law that got passed, or what but it’s annoying. I have 5 different accounts at all separate banks and they all do the same. Ngl I have no clue what to do at this point. Any help would be greatly appreciated!
Not sure. May be your area. Perhaps start with customer wrapped coin if they will let you. If you have multiple banks and hitting multiple branches and that’s the story… you may need to open a business account somewhere. Anyone can open one.
Is state quarters worth anything n is a 1979 error canada quarter worth anything
State quarters by themselves. Not really. Fill a whole book with good quality ones you could make a few bucks. Depends on the error on the Canadian quarter.
So I'm not a coin hunter but I would like to try and use dollar coins instead of the bills where should I go to to not pay an additional penalty.
Not sure I understand the question. Are you trying to buy coins or return them?
@@GASilverHunter I'm trying to trade in my cash for dollar coins at the same rate like dollar for dollar when I look online there's always a fee.
@@adamjohnston7982 honestly you should be able to ask your bank to just order a box of dollar coins and let them know you are trading for cash. Assure them you are not going to return the coins. Should be no fees. If one branch won’t do it. Go to another one.
what do you do now that there is a coin shortage banks dont freely give coins like they used to
I still have 1 bank that can get me 2-3 boxes of halves every week. I can also occasionally get a box of pennies. Nickels and Quarters have been scarce for weeks.
@@GASilverHunter I'm lucky if I can get a roll of each
When you're getting coins what's considered too much or too often for coin returns, is it better to return a mixture of coins when your coin roll hunting a bunch, do you get coins from One Bank and then return the change to three different other Banks or what is the percentage that you work with? Of course if you don't mind the ask. Should I try and convince them that I get paid in change?
Banks typically doesn't care how you got the change. I find it actually helps when I tell people I am a collector and coin roll hunter. Some branches may give you the cold shoulder but that has not been my experience. I have a really good relationship with nearly every branch I go in to... even the dump banks. I often apologize for bring coins in so often to my dump banks. That said, I do spread out my returns across 2 banks and 3-4 branches. I try to dump my coins to a different bank each time I have coins to return. So this week I returned $1000 in Dollar coins to one Wells Fargo Branch. Today I returned $1000 in Half Dollars to a different Wells Fargo Branch. Over the weekend I dropped off $500 in Quarters to a 5/3rd Branch. So no one bank got saddled with all of that change at the same time. I will say banks typically don't mind getting your pennies, nickels, dimes, and quarters... The halves will start to wear on the bank as it costs them time and money to unwrap and bag and return to the armored car companies... and thats why I spread those out as a priority. I have had only 1 branch turn me away in 3-4 years... and I had one regular branch where I was dropping a lot of stuff tell me I had to stop with the halves which I did for about a year. Now I will randomly... like once every month or two... drop halves there. I return all other types of coins to them all the time. Hope this helps.
@@GASilverHunter Appreciate your quick response, I didn't realize there was an etiquette to it. I have an unlimited IN on all change up to quarters. My half dollars I was getting from a local VyStar here in the southeast, the branch manager and I had an agreement I wouldn't return them to her location as she pointed to her feet, same Bank different location was okay. I went from one box of halves to four boxes of halves and did fly a little close to the Sun getting them on Monday returning them to two locations on Tuesday and ordering more boxes on Wednesday. The following Monday she backed me off and wouldn't get me halves anymore. I appreciate you sharing your information
I had similar experience... use to order 10 boxes a week. I am currently backed off to 2 boxes at 1 bank and the bank that was ordering me 8 boxes cut me off completely. Still trying to find a branch that can reliably get me 2 more boxes.
@@GASilverHunter If I find an IN on the half dollars I'll share it with you
Does this still work? I did this during covid times and I ended up getting all brand new coins..
It all depends on the time of year that you go. I still get fully new boxes from time to time, but you can definitely tell when the fed is pushing new coins to banks as you will get box after box of new coins. I still occaissionally get full new boxes of nickels and dimes. Just recently the Kanaka Ole quarters are showing up in full boxes... but 90%+ of the time I am getting circulated boxes.
So that's why my banks coin counter is always broken and they gave me rolls.
The funny thing is that coin roll hunters add a bit of wear and tear to the machines but usually what breaks them is all the people that dump sand and paper clips and buttons and nuts and bolts and all manner of crap other than clean coins into the machines.
My bank sucks! I keep trying and no go
Its probably time to open an account somewhere else.
I saw the thumb nail nad just started giggling lol. So the box of quarter is the 500 huh?
A box of quarters is $500. I did find a quarter the other day from a bank box that I sold for over $250 so that was nice.
@@GASilverHunter if i post a video of some of my coins would you care to check em out? Maybe evaluate
I could look. Depending on what you have it may be tough to give a great eval from a video.
@@GASilverHunter I just spent 5 min making a coin display thing with some 3m spray, some foam and polyester. Coming soon
2 shorts and a vid lol check em out and lemme know what you think. I appreciate the feedback
I have an idea... Instead of taking the coins I don't want to the bank... Go to a coinstar machine.
Coinstar charges 10-18% depending on where you are. If you go through $1000 in change a week that adds up really really quickly. If you have free coin machine somewhere that of course make the most sense. To put it in perspective at my height I was doing about $20k in change a month. 10% of that would be $2000 in fees.
@@GASilverHunter true... Didn't think about that...
My bank asks me to bring it back because of the coin shortage. They said they would even take my halves and dollar coins
Things have changed a bit in this coin shortage. I used to have no issues getting 8-10-20 boxes a week. Now I am lucky to get 1-3.
@@GASilverHunter I’d take a box right now, one of my banks is nicer to me and helps me out but I haven’t gotten a full box since pre covid. Ive been thinking about opening an another account somewhere else to expand
I have two banks that I use and when I have time I drive to other branches and banks I’m not even a member of.
@@GASilverHunter do you know of any banks that have a machine counter so I can buy the bag of coins? I think that would be pretty cool, I don’t mind tolling coins since a bought a fancy coin counter
My 5/3rd has a coin machine but they don’t let you buy the bags. Near me there is a credit union and a Synovus that have coin machines but i have never tried to buy the bags.
I got several hundred dollars in dollar coins by saying each roll was a Christmas gift... simple
2 wells fargo banks let me get 100 worth n quarters
Nice. Enjoy the hunt.
Tyvm ❤️
i bring cookies
Great information. I bribe with chocolate
I haven't had to bribe yet. But I am sure Chocolate is a hit!
With most women, chocolate is a distinct food group.