Lefty

Then go order some of the new MVB's.

Mine are already in process. ^

Happy

It is about time for some justice. ^

buschoi

+1. When I discussed with the branch manager who refused to take the rolled coins this morning, I told her I totally understood her position. She looked like she wanted to help me, but she also had to protect her branch's profitability and her job. With that one guy bringing in boxes every single week, it is plain logical she has to do something to stop it. I, unfortunately, walked in after that guy, and of course I was immediately labeled and had to be subject to the same treatment.

Anyway, I will continue doing my deposit run, depositing max of $2.5K at each branch, and will not visit the same branch in at least 3 weeks (with a spreadsheet keeping track), except I have received explicit approval to bring in more coins more frequently. I rather do it slower than killing the golden goose.

Happy

Doubt it. My 2 branches dont have any clue what kind of coins they are.

Happy

Maximum $500 per household. Though occasionally people can get away from it.

ToSRQ

I visited a client about 25 miles from my home and decided to bring 4 sealed boxes for deposit (was going to bring 8, but decided against).

I showed up at a Chase branch, walked in and told the teller that I would like to deposit these 4 boxes. I told her that the boxes were sealed and had $250 in each box. She opened one box, talked to a co-worker, and agreed to accept the deposit. We then opened each box, and she visually inspected to make sure there was $250 in each box.

As I was filling out the payment slip, the guy at the window next to mine tells the teller "Don't go anywhere with those boxes, I'll buy them from you"



Another observation -- at least for me -- bring the boxes sealed and make a point to say "I have x boxes of sealed $250 that I would like to deposit". I think the sealed part makes a big difference.

Also, I think I'm going to make small deposits rather than very large ones. I'll try to bring 2 boxes to work every day and deposit them at different branches.

deant

Even $2.5K at a time is a lot. Each bag that the bank sends to the Fed is about $2K - so you are depositing more than 1 bag at a time. If you keep the deposits to $1K or under you are filling up significantly less than one bag and may attract less attention.

I know I take in less than 1K at a time (to a CU that has a publicly available coin counter). This way the manager may not have to change the bag while I am there, or if he does, it only happens every 2 or 3 times that I am there.

By doing this, I hope to stay under the radar and not bring attention to what is happening.

Comicwoman

I recently changed my Mint 'ship to address' to UPS. No more missed deliveries and I get the coins one day faster. And the bonus...the new address reset my President order history to zero. So I reordered two boxes of each. Probably should have some sent to work too.

Today, my backorders and Presidents all arrived. I went to the bank with my non-TSA approved box cutter and put nearly $2k in the coin counter. Slowly, so it does not miscount.

When I made the deposit, the teller crew asked where I got the dollars. I mumbled 'the mint'. They asked if I had more. Nodding yes. "We'll take all you got." One of the tellers came out to my car to help me carry them in. We opened the sealed boxes, they counted the rolls and deposited the money.

They said to keep them coming as their customers are always asking for them...NA and Presidents. I know it won't last, so I will keep my orders to what I can dump in a week in the coin counters, just in case.

At the branch near my house, the assistant manager pretty much called me a liar when their machine miscounted (dollars as nickles, quarters and halves). Those miscounts have since been put back into my account.

I love the kids at this new branch. For now.

IAHtraveler

Doesn't the FR losing actually just mean the tax payers? We're the ones paying them to store these things. And, actually, doesn't the banks losing just mean us tax payers, too

dingo

$5k successfully received and deposited yesterday. No Mr. Pickles, but not too bad. Credit Union said keep 'em coming, just call in advance so they can get ready.

jlgrandam

Does UPS charge you a fee to receive the boxes? I was told it would be a $5 fee for every package they received in my name.

dayone

The Fed returns a profit on its operations to the U.S. Treasury.

In 2008, it was $35B and is estimated to be $45B in 2009 (because of gains from its intervention in the financial crisis).

mikeef

Just a note about bringing in sealed boxes. While I never unroll the coins, I do open the boxes and count the rolls as soon as I get them, just to make sure that everything is there. That way, if there are any problems, I can catch them right away.

I'm more than happy to bring some tape to the bank and reseal them if the bank asks.

Mike

lili

Our attorney, a low-key likeable guy, is so disgusted with the recent banking mess he thinks this coin thing is the best revenge ever. But like my banking CSR Kim and most poeple he probably won't ever get around to actually doing anything.

balima

I have the same situation with my bank. The trick is to run them slowly through the machine, else they have a tendancy to jam the machine.