Realcent.org

Well my teller at my only pickup bank told me that she has another coin guy ordering boxes.

Oh yeah…What is he getting?

So far he has made 3 (10) box orders of Nickels. That’s right someone in South-central WV is stacking the Jeffersons in grand increments. I know he isn't after the Ag. Closest dump dank w/ a counter is over an hour away. Love to know who the guy is so I could introduce him to Pre-82 Abraham. Time to be more inquisitive.

Moral of the story: Folks if it’s happening in my back yard.....time to hold onto your socks.

I would bet he is a survivalblog reader. Rawles has encouraged his readers to hoard nickels.

AGCoinHunter wrote:I would bet he is a survivalblog reader. Rawles has encouraged his readers to hoard nickels.

That would be my first guess too.

survivalblog is noting from a California reader (see other thread here viewtopic.php?f=8&t=4039) that banks there have started charging a percentage surcharge (7.5% to 10%) for boxes of nickels. I just confirmed at lunch that that has not yet happened here in FL (bought another box).

68Camaro wrote:survivalblog is noting from a California reader (see other thread here http://www.realcent.org/viewtopic.php?f=8&t=4039) that banks there have started charging a percentage surcharge (7.5% to 10%) for boxes of nickels. I just confirmed at lunch that that has not yet happened here in FL (bought another box).

I would bet fees are more based on curbing coin hunters than premiums applied to specific denominations due to metal appreciation such as nickels. Many banks that are frequented by the CRH'ers are starting to charge fees for large coin requests. Have yet to see fees for boxes in my area but I am sure banks are catching on and know its an opportunity to make an extra buck.

AGCoinHunter wrote:

68Camaro wrote:survivalblog is noting from a California reader (see other thread here viewtopic.php?f=8&t=4039) that banks there have started charging a percentage surcharge (7.5% to 10%) for boxes of nickels. I just confirmed at lunch that that has not yet happened here in FL (bought another box).

I would bet fees are more based on curbing coin hunters than premiums applied to specific denominations due to metal appreciation such as nickels. Many banks that are frequented by the CRH'ers are starting to charge fees for large coin requests. Have yet to see fees for boxes in my area but I am sure banks are catching on and know its an opportunity to make an extra buck.

Clearly any discussion assumes these are real bank-wide fees, and not someone blowing smoke, or some rogue branch manager trying to minimize his costs.

We all agree that these fees are really usage premiums to recoup bank costs and discourage mass quantities of nickels from exiting their banks (requiring them to pay to re-order large sums from their armored service). But, in effect, this is an acknowledgment of their greater intrinsic value, so it could be an early start of a higher than face premium for nickels.

I couldn't order ten boxes of any coin at any TD Banknorth if I begged on my knees. They just won't do it anymore. Too costly.

I've already noticed a change in attitude just from Jan. One branch manager, who had previously been super cooperative, told me limits and fees are in discussion now.

When (if) the fees eventually do become a reality, I think most of us will just accept them as a cost of doing business. However, let's say they charge a 5% fee for a box of nickels. Will they also charge 5% if we just ask for 10 loose CWR or MWR? What about just 5 rolls? 1 roll?

I asked today for CWR of nickels at Credit Union, figured they would have 10-20 bucks worth, nope 198 dollars of nickels I got.

So you might want to ask for them, no fancy box, but the tellers at my credit union are super happy to get rid of CWR, because they have to count and re wrap them.

VWBEAMER wrote:I asked today for CWR of nickels at Credit Union, figured they would have 10-20 bucks worth, nope 198 dollars of nickels I got.

So you might want to ask for them, no fancy box, but the tellers at my credit union are super happy to get rid of CWR, because they have to count and re wrap them.

Wow!!! Your credit union must be a throw back to a better time and place. None of the banks or credit union branches I deal with count and rewrap the coins in CWRs--even BWRs (plastic sleeve type) are not 100% accurate. The last lot of dimes I recorded searched in the tracking thread was incorrect in coin count at about 32% (8 incorrect coin count rolls out of 25). That seems to be close to the norm lately, although I do get a pleasant surprise occasionally with near perfect coin count searches.

because of Dodd Frank, banks will be adding fees left and right. if you plan to stock nickels, do so soon.

hoard now!

http://www.gsnmagazine.com/node/22606?c ... egislative

AGCoinHunter wrote:I would bet he is a survivalblog reader. Rawles has encouraged his readers to hoard nickels.

you know it. driving the lonely country out here, and saw this new house. Not a farmer, but a real nice new "suburban" type house, but the curious thing was this, the ole boy had a perimeter of 4 by 4 limestone blocks surrounding the house about 15 feet out, these blocks were huge, and i said to my brother, "betcha that boy's a prepper, reads survivalblog"......he agreed.

you see Rawles mentioned our area ONCE (and once only, Thank God) as a "retreat area".

Rawles does have influence.

I too am a bit of a survivalist by nature (I recently started to listen to The Survival Podcast). I'm considering hoarding some nickels, but Im in that camp thats thinking there's not much need at the present. Might as well wait until the melt ban is lifted or they change the composition. Plenty of other coins to hoard till then (silver, copper pennies).

composition change is in the works - they are seeking comment.

since the guy is ordering only 10 boxes at a time, we know its not Ponce.

I haven't been aggressively hoarding nickels, just saving the ones I find in my change. It seems that now is the time to start hoarding nickels. I sorted thru a box of cents this past week. Most of the rolls were all zinc and some had one copper and other rolls were @ 20% copper. The rolls must have been someones dump. I'm finding it more difficult to get a box of cents. The tellers are unwilling to cater to us small guys. What I believe is happening is more people are getting involved in the market of hoarding.

All spells trouble for us. Time to hoard. I have been putting away one brick per week of nickels. I have more Canadian Ni .999 than US nickel..time to ramp up my efforts on the US nickel. No bank fees (yet) here, but if it is happening in CA then be prepared it is likely headed eastward.

Also, I lived in WV for over two years. Despite what the general public thinks of WV, the mountaineers are survivalists by nature. So I would guess that while it seems unusual that someone else in WV is hoarding, it is in the blood of Apalachians to survive. The exceptions to this may be the urban dwellers in Morgantown, Charleston, and Hungtington. So the guy probably is on survival blog. My neighbor in WV had 178 guns and a boat load of ammunition. They say "don't mess with Texas," but I would add to that and say don't mess with WV. Great people, but don't mess with WV!