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My "Dump" of 6 months Credit Union's manager approached the window as I was unloading this weeks haul, grasping a small piece of adding machine tape in her red knuckled fist, and informed me, even though she has always promised me it was no problem at all to deposit my pennies in my acct. each week (200.00)+_,
from my 250.00 supply bank, that her directors met and were imposing a small fee for each roll returned of .07 cents per roller in my case $28.00 per week. Being a numbers guy ,I told her, in a split second, "That's 14%" - what other services does your board charge that premium ??, only a blank look.... and then said she was so sorry of the boards decision - however this last batch she would do for free if it would make me feel any better. Thank God, I had another $200.00 in the car I was going to try to squeeze in some how before this all came up, it was a double up from my supply bank over Easter - so she got 'em all.

Yeah. Been there bro. Nothing like dumping a slew of coins only to be chased down by the branch manager that he was glad he caught up to you and that "we" needed to talk. Just one of those temporary pitfalls in our hobby. As one door opens, I am sure another will open. Best of luck.

Tell 'em you would be more than willing to haul all their rolled coin away for 5 cents a roll.. so they can make a profit.

It costs banks money to both buy and sell coin. All branches are either a net importer or exporter of coin, or they maintain a balance. Branches with lots of rtailer business clients (like those located in the large mall usually) are net importers of coin. Branches that have lots of individuals as clients but few businesses are exporters of coin because individuals get broke and roll up their coins, but rarely request rolls of coins.

We are weird because we buy and sell coin in bulk, more than most retailers do. So they make up the policies to control us. You will have happier bank managers if you can buy from the exporters (saving them the cost of shipping out coin) and deposit into the coin importers (saving the cost of bringing in coin for businesses).

I have found the same as JadeDragon. Some of my better export banks even call me when they have some they will be shipping out. Everything is easier when it seems to them like you are helping them out.

The annoying banks are the naturally ballanced banks.

Im lucky to have at least 10 banks with machines in my area.. I buy bags from 3 and dump at 7...I vary my dumps so that I fade from view at a couple branches each month... I also sprinkle a liberal amont of chocolate at the dump banks.. seems to ease their pain...

Diggin4copper wrote:Im lucky to have at least 10 banks with machines in my area.. I buy bags from 3 and dump at 7...I vary my dumps so that I fade from view at a couple branches each month... I also sprinkle a liberal amont of chocolate at the dump banks.. seems to ease their pain...

Chocolates and smiles. It's a heck of a one two punch.

It happened to me a few times. I avoid any branch that starts questioning me or gets too curious about what I am doing.

There is a very fine line... once you step over it, they nail you. It usually happens when you get greedy, or start thinking "this is too easy".

HoardCopperByTheTon wrote:Tell 'em you would be more than willing to haul all their rolled coin away for 5 cents a roll.. so they can make a profit.

Hahahaha.... right on

cookies work also - a good second choice to candy

twentybux wrote:

Diggin4copper wrote:Im lucky to have at least 10 banks with machines in my area.. I buy bags from 3 and dump at 7...I vary my dumps so that I fade from view at a couple branches each month... I also sprinkle a liberal amont of chocolate at the dump banks.. seems to ease their pain...

Chocolates and smiles. It's a heck of a one two punch.

Chocolates AND smiles?? Now who can resist THAT? Smiles...maybe. Chocolate? Nope!