Dumping Tips and Tricks

[Kamyu]

Hey all,

So I'm wondering if anyone here has any tips/tricks they do for dumping coins at banks so they don't get miffed at you.

The bank I use has a self service coin machine. No charge for ppl with accounts. 5% charge for non account holders. I'm an account holder. Have been since I was 3 months old. (Grandfather opened it for me). Kinda prefer the self service so I don't take up tellers time dumping coins into a machine.

Anyways, lately I've been doing 1 dump a week. Usually about 200 to 250 worth at a time. I take a plastic candy container and fill it up about half way with halves. Another 1/4 with dimes. And fill the rest with pennies. Maybe toss in some nickels or quarters from my pocket. Give it some good shaking to mix it up. Then take it in and dump it. Get the slip and take it to the counter to deposit it into my account. Slips do show coin counts of each denomination.

Haven't had anyone say anything yet. I am basically making it look like I'm just dumping a ton of pocket change. :P Though I did have that one time I dumped legitimate pocket change in the amount of around $8500 at once. They didn't say anything then either. :P Though they did change the bags a few times. :P

Anyways, anyone else do anything sneaky or try to disguise the fact they are dumping?

 

Amazon Forum Fav 👍

Agony and Death on a Gold Rush Steamer: The Disastrous Sinking of the Side-Wheeler Yankee Blade - Grab it through Amazon!

[usandthem]

At my dump bank they don't ask and I don't tell. I try to dump when it's handy for them. I also take in a dozen fresh baked donuts every now and then. Always smile and be polite.

 

[db23]

I just walk in like I own the place and start dumping. Early on I determined that if I couldn't take a few nasty glares from the bank employees, I wasn't going to be able to do more than a couple boxes a week.

 

[mws_1984]

I'm wondering if I'm turning into the coin guy at my CU actually. Seems I get just a blank face when I bring in my coins from whatever teller it is, could be them or maybe just me being paranoid. I probably am revealed as I dump a bag of whatever I had searched. I only do a box at a time. Pick out what I need then just replace the rest with quarters out of my change jar so it's easier than picking out the same denomination. It has to be quite obvious what I'm doing if I'm dumping all pennies or all dimes, etc.

 

[fistfulladirt]

Several large premium pizzas right before lunchtime should do it.

 

[Gilmore Happy]

I typically do all my dumping in the morning, shortly after my morning coffee. I pretty much just go by feel.

 

[SilverFace]

I guess I'm fairly lucky because I use coin counters at 3 different branches of a bank that I don't have an acct with and there are no fees and never any questions or any problems and all the tellers at all these 3 banks are very nice - although I don't dump as much as a lot of you do. And the machines are all new and seem to work very good and be quite accurate.

I suppose it all depends on everyone's own personal situation with whatever dump bank they use.

Good luck.

 

[coinz]

I just take my 5 or 6 bags 1000 each in the bank and the teller give me cash.

 

[HoosierDaddy]

Still in my first full month of CHRing and having to develop my techniques by trial and error. I've dumped up to $500 of various seached coins at a time and because I keep all the nickels and pennies it hasn't been an issue. Until today.....Dump Day for halves and I had $3500 worth to ditch. Spent about an hour going between different banks and branches studying the response of tellers towards obvious coin dumping. Here is what I found: 1. The larger chain banks are easier to dump on than smaller, local banks. 2. Covert flattery towards a tired teller at the end of the day gets you a long ways when coupled with a smile. 3. Do not allow the teller to get to the question, "Do you have an account with us?" You're dead in the water. To combat this, I began flopping one or two $500 boxes of halves on the counter and saying, "May I just have cash today vs. depositing into an account directly?" Worked like a charm 100% of the time! I was honest and they assumed I had an account. Incidently, there were two branches that were excited to receive them. One teller said, "I've never seen this many halves at once before!" She's gonna see a lot more soon.....very soon......coupled with a box of candy bars. Thanks for the earlier tips in this thread. Very helpful.

 

[lockespop]

I'm new to the hobby, but I've got a pretty good setup already. I started an account with TDBank and spent a good hour talking with the customer service rep and explained to her that one of my hobbies was coin "collecting" and that I was likely to through quite a few coins per week and I wanted to make it as easy on them as I could. I didn't want to come in and overload the Penny Arcade everyday and make work for the teller. Before I left that day, she had arranged for me to get a stack of sentry bags (the bags they use in the penny arcade) with my name and account number printed on them. She told me to fill up the bags, tell them how much was in them when I dropped them off and they would credit my account instantly.

I've dumped a bunch of coins on them in the past week and all they ever have to say is , "Did you find anything interesting?"

Try talking to your bank and setting up a situation like this...I imagine this has saved me a lot of time driving around dumping $500 here and there...

I'm bringing them some coffee tomorrow morning also...never hurts to kiss a little butt!

 

[Diver_Down]

It is the worst part of the hobby. I've been doing this so long that I just avoid dump day to make life easier. Once a month, I set aside my morning and tote 35k +/- to the banks. There are 6 branches within a couple of miles in a town south of me that is in a different service district. I roll in up to 8k for each branch to avoid SARs. Exchange for cash and I'm off to another.

 

[onfire]

I simply deposit my dumps into a checking account at one bank and write a check at another one. no problems anywhere.

 

[byzanthia]

I drop 500 at various Wells Fargo branches. They send it off to be counted elsewhere so I don't care; it's not like I am having them change a bag 5 times.

I also use a Capital One bank where I dump between 200-500 in their badass high-end counter every weekend. The bag fils up at 500, so I get lucky some weeks and others they have to change em.

Personally I wouldn't do more than 500 at a branch, unless they start being real nasty to me. So far they have all been kind and friendly so I don't want to go dumping a ton of coin on them.

 

[sultan of silver]

Just be as nice and polite as you can. It has worked for me!

Robert

 

[CardsNCoins]

I pay for boxes with cash, and after I search I dump in coin machines for cash. So far I've searched over 400K this year without a deposit or withdraw.

Maybe it's just me, and I know we aren't doing anything illegal, but should I ever be audited I don't want to have to explain where the extra half million dollars I deposited came from.

 

[Bigheed]

I pay for boxes with cash, and after I search I dump in coin machines for cash. So far I've searched over 400K this year without a deposit or withdraw.

Maybe it's just me, and I know we aren't doing anything illegal, but should I ever be audited I don't want to have to explain where the extra half million dollars I deposited came from.

Exact-a-mundo !

+1

thats the only way to roll - transaction free!

 

[Piledriver]

I dump $1000-1500 at each bank.

I am careful to explain BEFORE I GET MY ACCOUNT that I am a coin collector and that I will be dumping up to $2000 per week.

And each time I come, I say, "Thank you for doing all that work !"

Keep on Rollin' !