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12-26-2003, 10:11 AM
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#1 (permalink)
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Join Date: Jul 2003 Location: Kingwood, TX
Posts: 935
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Bank Question
For Christmas I recieved ~$500 in dimes from my grandpas according to my measurements on a bad scale. I was wondering if I can take a bucket of dimes to my bank where I have an account and say, "I would like to make a deposit." Do I have to roll them or do you think they will accept? My bank is Wells Fargo.
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12-26-2003, 10:21 AM
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#2 (permalink)
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They should have a machine that will count them for you. Even if you rolled them, they would probably put them through the counting machine.
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12-26-2003, 10:31 AM
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#3 (permalink)
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Join Date: Jul 2003 Location: Kingwood, TX
Posts: 935
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Ok, The wells fargo is located in a Randalls and has a Coinstar mahcine but it takes about 10%! But hopefully Wells Fargo has a machine.
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12-26-2003, 11:28 AM
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#4 (permalink)
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Join Date: Oct 2001
Posts: 3,539
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Not sure how it is by you, but here in Austria, if you count money using the machine AND put that money into your account they do not charge you at all.
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12-26-2003, 11:44 AM
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#5 (permalink)
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Join Date: Oct 2001 Location: San Francisco, CA
Posts: 480
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The bank will probably not take that many coins unwrapped. You are dealing with institutions that now charge for using a real teller!
Buy a coin wrapping machine and coin wrappers. Or, make your own. Measure the height. Banks KNOW when you short them.
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12-26-2003, 12:20 PM
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#6 (permalink)
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Join Date: Oct 2001 Location: Toronto Canada
Posts: 1,437
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Yeah. Most banks now won't take coins if they aren't wrapped up.
Sean
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12-26-2003, 12:32 PM
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#7 (permalink)
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Join Date: Oct 2001 Location: Monett Missouri
Posts: 3,900
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Or they'll make you count them right there on the counter
I would just call and ask
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B.C.
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12-26-2003, 04:19 PM
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#8 (permalink)
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Join Date: Dec 1969 Location: St Louis, MO, USA
Posts: 1,702
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One thought - if you've got that many DIMES from your grandfather - presumable an older guy - I'd carefully & by hand go through them checking for old or rare coins.
Definately hold out anything minted prior to 1965, I'm certain there are rareties since & a bit of research should tell you what to look for.
Tedious, I know - but ONE could easily exceed the value of the others combined!
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12-26-2003, 04:23 PM
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#9 (permalink)
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Join Date: Oct 2001 Location: Lake Helen, FL
Posts: 3,492
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What Ed_S said.
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12-26-2003, 04:54 PM
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#10 (permalink)
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Join Date: Jul 2003 Location: Kingwood, TX
Posts: 935
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Yah Ed_S, I went through them through and filled up one of banks except for like a 1999 and 2000 but those won't be too hard. I searched through like 300 of them and found none dated 1965 or below and I only need 62 and below now. So...being lazy I didn't look through the rest.
Each grandkid got to choose one set of coins and I picked probaly the best one. One was a small jar of nickels but with 2 $100 bills in it but right now I'm $400 and counting and I'm not even done rolling my dimes. Another one was a 1987 Krugerrand from South Africa and is 1 oz of gold. That is probaly the second highest but will gain lots of value over time.
I use to be into coin collecting but not so much anymore. I need to start looking through my quarters for the states one again. Anyone here have Ps? I live in Texas and only find Ds, so maybe I could throw together a set of Ds and trade it for Ps to someone up in New York.
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