tedandcam wrote:Gotta be real careful where you dump. Even if it is a different branch of the same bank. They are taking it on the chin coming and going. Remmber they are a private business deigned to make money. Banks with different branches have employees that "float" from branch to branch to cover days off and vacation time. These employees notice folks like us and they quickly realize they are in a losing proposition. It only takes one mention of what they are seeing in front of a member of manegment and its game over.
You need to have something to offer them, be up front and talk to a bank officer or branch manager. They are business people responsible for profit margins. You can find someone willing to swallow the cost of providing boxed coin to get you as a new customer. Remember its not gonna come in writing, its gonna be a handshake and a promise. Find out what its gonna take for them to say yes to providing coin. Then get them to agree on an amount of coin, 3-4-5-6-10-20 boxes of halves a week whatever your working capital will allow. Now you have someone in authority in your corner when folks get snippy behind your back about what you are up to and they are tired of toting those heavy boxes.
Having some type of business to offer them is your leverage to get coin. It can be a $5000 one year Certificate of Deposit , they can loan that money out now from a fractioal resreve for car loans, home mortgaes, HELOC... and make money. You can offer to take a car loan with them. Take an HELOC out. Refinance your mortgage. Whatever you would normally do with a bank or lending institution. They want your business...this is the time to get your coin. Although, do take in to consideration the rate you will be paying compared to rates you can get elsewhere. This can cost you more than what you will profit by searching coin. Offer them a one year CD up to what you would normally have in an account for emergency purposes.
If they say no just thank them for their time. Move on to the next place. Someone will take your business. If you don't have any real business to offer, then find a bank that has a coin machine. Offer to buy bags of coin from them. This can save them the cost of having to send out those bags to be processed. Someone may be willing to cut costs at their bank. Those bags may be short though. I haven't offered to buy anyone's bags. maybe someone else on here may be able to give you some insight on bags.
Good luck and don't give up. Hope I have been some help.
ZenOps wrote:I've mentioned before that technically it would take 165 ($16.50) post-1965 dimes to make one ounce of nickel. I get the feeling this will become an increasingly important statistic in the future.
scyther wrote:ZenOps wrote:I've mentioned before that technically it would take 165 ($16.50) post-1965 dimes to make one ounce of nickel. I get the feeling this will become an increasingly important statistic in the future.
Maybe... but I think the copper would matter a lot more than the nickel. If it were silver, sure, the 10% would matter, but I think nickel is close enough in price to copper that, whenever the dime goes above face value (I hope not for a long time ), it will be traded mostly for copper content, with the nickel being seen as a "bonus".
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