our banks here locally either have a machine in the lobby for thier customers that you have to pour your coins into, then take the slip to deposit or you have to have a business acct, put them in plastic bag for armored car people and wait for them to count them at repository and credit your acct. They won't take customer wrapped coins anymore.
That would indicate that they were in fact losing money, enough to warrant paying for an expensive machine and the cost of paying tellers to roll the coins. Interesting, thank youour banks here locally either have a machine in the lobby for thier customers that you have to pour your coins into, then take the slip to deposit or you have to have a business acct, put them in plastic bag for armored car people and wait for them to count them at repository and credit your acct. They won't take customer wrapped coins anymore.
I recently received a roll of silver quarters, they would definitely be worth more than the $10 but wouldn't weigh the same as a regular roll. Interesting, thank you
Well the machine cut the tellers out totally, they just took your slip and credited your acct.....armored car people came 2x week to pick up bags of coins taken from machine when they were full. There is separate bag for each coin, .25/.10/.05 etc. When full bag goes to vault till pick up. And yes, they are paying armored car people to do it, but it's part of the regular service to bank so doesn't cost bank anything. Go figure
Because of the copper and nickel etc that make up 90% of a quarter these days, no. BUT your lucky because silver quarters are worth more than face value.......some can be worth $$$$$1000s depending on year, mint marks etc. You should check
I do check, these were only worth their weight, still more than their stamped valueBecause of the copper and nickel etc that make up 90% of a quarter these days, no. BUT your lucky because silver quarters are worth more than face value.......some can be worth $$$$$1000s depending on year, mint marks etc. You should check
Someone is paying for it, and now I'm wondering if the losses were worth the time and energy to reduce the labour cost and loss...Well the machine cut the tellers out totally, they just took your slip and credited your acct.....armored car people came 2x week to pick up bags of coins taken from machine when they were full. There is separate bag for each coin, .25/.10/.05 etc. When full bag goes to vault till pick up. And yes, they are paying armored car people to do it, but it's part of the regular service to bank so doesn't cost bank anything. Go figure
After they switched to the machines.......no losses. Any bad coins or slugs were eliminated by computer counter.....counting of coins was already part of bank/armored comp deal so adding machine to lobby was a cost saver........and a side spooky tidbit.......the machine was tied into every tellers computer. When you went to deposit it they knew how many of each type of coin you counted and totals. So you couldn't try to fake a print out slip either, they know everything you did.......Someone is paying for it, and now I'm wondering if the losses were worth the time and energy to reduce the labour cost and loss...
But that's my point, they were losing money previously. So that means my old school bank is likely losing money tooAfter they switched to the machines.......no losses. Any bad coins or slugs were eliminated by computer counter.....counting of coins was already part of bank/armored comp deal so adding machine to lobby was a cost saver........and a side spooky tidbit.......the machine was tied into every tellers computer. When you went to deposit it they knew how many of each type of coin you counted and totals. So you couldn't try to fake a print out slip either, they know everything you did.......
still, I found the coin to make it a legit full roll.
Everyone hurts, everyone helps. I'm glad you found your peace
Sounds scary! You'll have to let us know what it's like if you get there
