I worked for TCF Bank and we had self service coin counters that would count the coins and the customers would bring the receipt to the teller. One man did this on an almost daily basis and unfortunately the machine was next to my department which was Mortgage Lending. I asked him why. He said he would buy pre-rolled halves from banks and credit unions and would go through them to pick out the silver halves. I said to him that would be like picking out a needle in the hay stack. He would do $500 a day and said every time he did this he would get a handful of silver halves and one time got lucky getting a full roll of 1964 Kennedy Halves that were BU. He said the coin shop he would sell them to would give him at least the melt and if it had any Numismatic value he would get that as well. He said he was retired and it gave him something to do. They were bought out by Huntington and the machines were removed. Now any financial institution that accepts loose coin often wants a fee, sometimes as much as 10%. I'm sure he stopped doing that. Dollar coins would not go through the machine and an older woman had 7 and showed them to me. I told her they were silver and worth way more. She said she didn't care. I grabbed those from the teller once she left. These were all pre 1900's.
I remember the story that if you buried 30 bucks of silver/gold a hundred years ago, and buried 30 bucks of fiat next to it, and dug it up todayโฆ๐ฑ๐คฏ๐ฐ๐ต๐ธ๐ค
Great site!๐๐Thank you!
You are welcome. The prices show fluctuate with the movement in silver so it can go either way. All indicators are up, up, up!
I check Kitco daily!๐
Iโve been very interested for a few years Dean!
I wish I had understood this when I was younger, Iโm 61, going on 20 ๐คฃ๐ฅณ.
I find the subject absolutely amazing, and discovered it before being fired in 2021 for CONvid ๐.
Have you seen any of Mark Diceโs clips? Hilarious!
https://youtu.be/GUHHKWqr-xU?si=Wk-ObWnv8lHfC6TM
I worked for TCF Bank and we had self service coin counters that would count the coins and the customers would bring the receipt to the teller. One man did this on an almost daily basis and unfortunately the machine was next to my department which was Mortgage Lending. I asked him why. He said he would buy pre-rolled halves from banks and credit unions and would go through them to pick out the silver halves. I said to him that would be like picking out a needle in the hay stack. He would do $500 a day and said every time he did this he would get a handful of silver halves and one time got lucky getting a full roll of 1964 Kennedy Halves that were BU. He said the coin shop he would sell them to would give him at least the melt and if it had any Numismatic value he would get that as well. He said he was retired and it gave him something to do. They were bought out by Huntington and the machines were removed. Now any financial institution that accepts loose coin often wants a fee, sometimes as much as 10%. I'm sure he stopped doing that. Dollar coins would not go through the machine and an older woman had 7 and showed them to me. I told her they were silver and worth way more. She said she didn't care. I grabbed those from the teller once she left. These were all pre 1900's.
I remember the story that if you buried 30 bucks of silver/gold a hundred years ago, and buried 30 bucks of fiat next to it, and dug it up todayโฆ๐ฑ๐คฏ๐ฐ๐ต๐ธ๐ค
Thereโs THE STORY!
Awesome! ๐