BUYING BAGS OFF THE MACHINE

[nomad 11]

what ever bank i go to in my area they say i cant buy bags off their machines.when i ask why they say that they cant take the risk because if the bag is short or there is foreign coins in there.i'm not believing that anymore.could it be the bank managers are going through the bags before they send them back.or is it federally regulated that tightor is it some kind of state lawbut yet i see on here some people buy off the machine no problem.i bet the politicians can go into their bank and do it...maybe thats it they save them for the politicians in my area.after all their not rich enough right.whats the difference i go into a bank offer them cash for cash whatevers in the bag.i dont get it.am i dumb or ******ed??the money in the bags does'nt actually go back to the feds does it?does anybody on this forum work for the coin rollers or know somebody that does?i really need the TRUTH on this.i'm losing sleep.help me somebody!!

 

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[ArkieBassMan]

Its really up to the individual bank/branch/manager. Some banks will sell coin machine bags. Many will not.

 

[ArkieBassMan]

And no, the coins do not go back to the Fed. The courier (Brinks, Loomis, etc) pick up the coins from the bank, count them (generally by weight from what I understand), deposit that amount into the bank's account at the Fed, and then roll/box the coins to dole out back to the banks as needed.

 

[TheMastermind]

Chill out, dude. Depends on the bank and/or branch. I get denied all the time too.

 

[mAGma]

Every place is different. Everybody's rules are different. I only get bags

 

[agme]

In over two years of asking, I've had one bank say, yes, we will sell you bags. BUT their machine does not take half-dollars

 

[Dozer D]

In my area, I have 3-branches of the same bank, approx 3-4 miles apart,

 

[Dozer D]

In my area, I have 3-branches of the same bank, approx 3-4 miles apart,

That I use, but only one is willing to sell me a bag off their machine. I believe it's not only local manager decision, but also the 'paper work' that has to done, just so everything balances out at the end of the day. I can see their point in NOT doing it, easier all the way around.

 

[BuffaloBoy]

The paperwork has to be done either way whether the tellers sell the bag to a customer or to a company such as Loomis.

That I use, but only one is willing to sell me a bag off their machine. I believe it's not only local manager decision, but also the 'paper work' that has to done, just so everything balances out at the end of the day. I can see their point in NOT doing it, easier all the way around.

 

[Spizzerinctum]

I have been told no, went back and talked to a different person and been told yes. Just keep trying. There is a bank with multiple branches in my area that lets me purchase bags even though I don't have an account with them. Needless to say, I visit each branch every week. This week I bought 5 bags of nickels and 4 bags of cents. Another bank with many branches here will allow me to buy bags but they are my dump bank so I have yet to buy there.

 

[xrunndonex]

And no, the coins do not go back to the Fed. The courier (Brinks, Loomis, etc) pick up the coins from the bank, count them (generally by weight from what I understand), deposit that amount into the bank's account at the Fed, and then roll/box the coins to dole out back to the banks as needed.

The silver would throw the weight off theyd be loosing money with a bag full of silver halves

 

[jimmyforgotten]

I'm new to the game, but every bank I have spoken to will gladly sell the bags, but only when they "drop". (or full) It is a hassle for them to sell them if they are not topped off, so they don't.
Couple suggestions:
Have them call you when the bag you want is full if they don't already do that for another hunter, or have them check the bag to see how full it is and bring enough coins back to the bank to top it off. (I just did this with halves)

 

[Joe777Cool]

Its the politicians, their fault. I'd picket town hall if I were you.

 

[nomad 11]

maybe my banks just dont like me?UGH

 

[nomad 11]

Its the politicians, their fault. I'd picket town hall if I were you.

good thinkin that'll be my next move.

 

[fistfulladirt]

I've bought bags off the machine for years, but head tellers say they are tired of wining crh'ers that come back crying when the bag count is off by $2.

I never cried; I only sniveled a bit.

 

[onfire]

Once that bag is full it's sealed hard to get into it once its done that.

 

[StevoCBR]

I've bought bags off the machine for years, but head tellers say they are tired of wining crh'ers that come back crying when the bag count is off by $2. I never cried; I only sniveled a bit.

That is the key, don't complain, if the loses are to steep and no gain then you have to decide. I have been reading this site for about 5 years and when i first started reading, the etiquette was stressed pretty heavy. The easier you make it on the teller, the longer you will be able to CRH. And like everybody else said each bank is different. Some banks will give you the whole speal about can't sell it and others have no problem with it

 

[boristhespider88]

And no, the coins do not go back to the Fed. The courier (Brinks, Loomis, etc) pick up the coins from the bank, count them (generally by weight from what I understand), deposit that amount into the bank's account at the Fed, and then roll/box the coins to dole out back to the banks as needed.

Where I get my bags from puts on their bag tags that they are "TO: Federal Reserve Bank - Atlanta".

I agree with you, because I don't think they send them to the Fed, but that's just what my bags say.

 

[BuffaloBoy]

The bags I get say, "To: Dunbar"