Good dump bank news for a change, but do I take advantage?

[ArkieBassMan]

I got some good news from my dump bank last week and thought I would share. I have been dumping halves at this bank for about a year now. Pretty much $500-$600 once a week, every week. Over this time, I have become quite friendly with the tellers. Last week I was chatting with the guy that usually handles putting the coins through the machine to be counted (the machine is behind the counter in another room.) Anyway, after chatting a bit about how many halves I go through, he asked how I always had basically the same dollar amount of halves each week. I told him that I usually had more, and that I was just being considerate by only bringing in around $500 at a time so as to not overburden him and the bank and lose my privilege. He smiled at this and told me that it would be just fine if I bring them all - they ship them out every Wednesday and a few more bags to ship would be no problem at all. I asked if he was sure about that - it could be as much as $3000-$4000 a week. He said he didn't care if it was $10,000 or more, he could use a little exercise!

So do I take him up on the offer? This is pretty much my only dump bank that has a coin counter. I would like to increase my volume as well as search some dimes, but I cannot afford to lose my coin dumping privilege there. That would essentially "put me out of business" so to speak. What do I do?

 

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[CHAINCHOMP]

if i were u i would increase to maybe 1000 a week, and see how they handle that, if they r perfectly fine, and dont roll their eyes wen they see u, then go ahead and do as much as u would like imo...hope this helps, keep it up and hh!

 

[SFBayArea]

He might not care but some other chick teller there would. This is usually what happens. Female tellers hate lifting heavy stuff and usually they're the ones that hate dealing with dumps. Most guy tellers I've talked to have no problems with dumps at all. I've been at branches and have watched female tellers pick up boxes of halves and grunt like they're in pain. They hate it.

 

[jrf30]

. I asked if he was sure about that - it could be as much as $3000-$4000 a week. He said he didn't care if it was $10,000 or more, he could use a little exercise!

So do I take him up on the offer? This is pretty much my only dump bank that has a coin counter. I would like to increase my volume as well as search some dimes, but I cannot afford to lose my coin dumping privilege there. That would essentially "put me out of business" so to speak. What do I do?

My bank has said the same thing, and it has worked out exactly like he said it would. Although I try to not abuse it, and at times go to different branches to spread it out, my local branch always tells me that it is not neccesary. He will take as many as I want to bring in, as part of his service to me. And on weeks when I have brought in a bunch ($3,000 some weeks) He has emptied the bag three times and been HAPPY to do it. For three years now. So I say maybe they are real, and although you too don't want to abuse it,. I think you may be on to a good thing. :-)

 

[Yinzi50]

There are three layers of power in a bank branch. Branch manager, head teller, and teller(s) who handle your coins. Branch manager can overrule the head teller and tellers; the head teller can overrule other tellers. Sounds like you are getting good rapport with one teller. 10K (20 bags) are a lot of work for any branch so I would never take that literally. The manager or the head teller may not like the time spent on handling those bags. If I were you, I would increase to 1k to test the water.

 

[lookin4coins]

Everyone is different, and there are all kinds of CRH'rs out there.

Please note that I am more of a 'finesse' hunter as opposed to a 'shock and awe' hunter.

If it was me in your situation... I'd just keep that as an ace in your back pocket. From what you wrote, looks like you have a nice workflow set up.

If you increase, you might just fly high enough to get picked up on radar . If you stay the same... sounds like everything is good.

But... if you need this branch for more output, test the waters a little as the others have mentioned. See what happens.

IMHO, unless you need it... just keep it business as usual and be happy to know you always have a dump spot.

 

[65gt350]

I would increase it to $1K a trip and at most $2K a week. More than likely they fill the bags to $1K and after awhile of accurate counts they might just give you the bags to fill yourself. The reason I would limit it to $2K is that if they only ship coins out once a week it might raise a flag if the vault is full of bags of halves. After a while ask if it is okay to ship out another bag once in a while.

Boil the frog slowly and it turns out tender.

HH,
65GT350

 

[usatc]

- "Please note that I am more of a 'finesse' hunter as opposed to a 'shock and awe' hunter."

Hmm, I guess my $9k of halves that I ordered this week puts me into the latter category (and watch me be punished with all skunks).

 

[65gt350]

- "Please note that I am more of a 'finesse' hunter as opposed to a 'shock and awe' hunter."

Hmm, I guess my $9k of halves that I ordered this week puts me into the latter category (and watch me be punished with all skunks).

It depends, did you demand that they bring in the $9K worth of halves? Are you going to go around closing time on Friday and want them to pull another teller off the line to get your halves out of the vault? Are you going to dump all $9K at another branch of the same bank? If you answered yes to any of the three questions then I would consider you a "shock and awe" hunter.

I know a couple of $7K a week hunters that I would call finesse hunters. It all depends on your attitude towards the branch staff. To be a finesse hunter is not that hard. Treat the bankers like you would like to be treated. If they are busy come back later, bring them gifts during the holidays, smile, say thank you, and when they try to engage in conversation let them and remember the conversation next time. Find out when they balance the vault and try to pick up the coins before then.

Hope you catch a dream box.

65GT350

 

[silvercop]

if you start dumping 5K a week or more on any one bank your days will be numbered. i went to the trouble of making an appointment with the bank manager before i took out a loan from the bank in order to hunt with a few years back. i told the manager what i would be doing and she called the vault teller in to be sure they could handle my volume. they were all smiles and told me they did not have any problems and to bring it on. so i did. after about a month of dumping around 10K a week the bank manager called. she said that her "higher ups" had began to ask questions about the volume of coins that had suddenly increased and said that they could not take the volume anymore without passing on fees to me.
after about 20 minutes of talking to the manager and telling her that i would talk to the "higher ups" about our deal she agreed to reversing the loan and fees if i would bring the money back. so i did and moved on.
what it all boils down to is if the bank is not going to make any money off of you then they don't want you (or your dumps). guess the loan fees and interest did not cover the fees to handle the coins.
good luck. i would not push it if i were you.

 

[usatc]

I guess then maybe there is some finesse to my madness. I have quite a few banks in my area and I drop off $500-$1000 at them, never dropping off at the same branch more than once a month (majority in $500 increments and they keep for others asking and don't ship back to Brinks). It's actually an hour or two process every time I have that much to drop off but I figure its good karma spacing it out and I don't want to sully our good names.

By the way, the banks I order from ($3k at a time) I buy them all lunch during Christmas time and have called the branch managers to thank them for their friendliness/service - they always smile when I come in and know my name (for a good reason!).

HH!