Jackpot:)

[JB2K]

Really? Yes, that is how my office works. It's a business. And we don't steal from it.

If it was a credit union, that is the equivalent to stealing from members.

I disagree.

OK, I understand Credit Unions are "for the members, by the members", which is all well and good...but...

Most banks are run like retail stores - they often don't realize what they have (and in their big scheme of things, they really don't care).

As OP made an appropriate, legal trade to acquire those rolls of 50-cent pieces, she was not "stealing", as you so elequently put it.

Let me pose a question -- if I were to buy 3 Sony Blu-ray players at Target clearance-priced @ $100 each, then I turn-around and sell them on eBay for $175, would YOU consider that stealing, too?

Back to OP -- good stuff -- hope your Christmas is a great one!

 

[krcit]

Good for you OP!! I'm puzzled by how anyone could consider that stealing

 

[ccgirl]

Yes, they have a much higher concentration of silver. http://en.wikipedia.org/wiki/Kennedy_half_dollar

And finding them in your change would be an awesome find!

Stealing them from your place of employ (which paying <10% of market value is stealing, make no mistake), is not right.

Thanks for the link. That's great!

I still don't understand how this is stealing though. SHe replaced a 50 cent piece with 50 cents. Should banks take every tender out of circulation when it reaches more than face value? Do you look every coin you ever get to make sure it is not worth more than face value?

 

[EKW]

Yes, they have a much higher concentration of silver. http://en.wikipedia.org/wiki/Kennedy_half_dollar

And finding them in your change would be an awesome find!

Stealing them from your place of employ (which paying <10% of market value is stealing, make no mistake), is not right.

Attacks like these are why, for the most part, I avoid posting here anymore.

You are on the verge of libel.

The bank at which the OP works sets the rules. She says she has abided by them. Others in the banking industry back her up.

Since I'm not a banker, I'm going to believe them.

 

[3boymthr]

Awesome for your OP!

DS went to the bank a couple of weeks ago to turn in his change and they gave him 3 $1 Silver Certificates. He was sooooo excited. Two from the 30s and one from the 50s They're valued at least $10 ea.

MommyRants would you consider this stealing too???? because he took something of greater value from the bank than he traded in?

 

[clanmcculloch]

paying <10% of market value is stealing, make no mistake

Paying less than 10% of what the business charges for the item would be in line with stealing. Paying exactly what the business charges is doing business as usual.

The value of this coin at a bank is face value. She's paying the value set forth by her employer.

 

[pigletto]

And people wonder why our banking system is a mess...

Not anymore! You just unraveled the mystery.
Thanks for the laugh.

 

[delmar411]

Wow that is wonderful OP!! Very neat perk of the job especially these days.

I bet a lot of old/rare money is being cashed in. I've seen a lot more old money in circulation in the past couple years than I ever have before.

To the ranter...is it stealing if I as a bank customer had gone in and bought all $400 in .50 rolls just to go through it on the off chance these types of coins would be in the rolls? Of course not. It's the same thing when she did it. The OP is operating as a bank customer at that point, only she gets a sneak peek at what she's getting in return.

 

[richmond282]

OP good for you!! (Igonre rude people thath don't know what they're talking about)

 

[QVCshopper]

My FIL does this all the time. He "buys" half dollars and looks through them for the silver ones. It's perfectly legal; not sure why people are making a big deal of it. As long as the OP exchanged her money for the halves (which she did), what's the problem?

I did it myself a few times and found a decent amount. I only stopped b/c my little girl dropped a whole box of halves on her foot and I decided it was too much for me at that time.

 

[Metsfan520]

Awesome for your OP!

DS went to the bank a couple of weeks ago to turn in his change and they gave him 3 $1 Silver Certificates. He was sooooo excited. Two from the 30s and one from the 50s They're valued at least $10 ea.

MommyRants would you consider this stealing too???? because he took something of greater value from the bank than he traded in?

that's the perfect comparison!

Good for you, OP! Merry Christmas!

 

[sjs314]

To the OP Congrates on the great find! No way no how are you stealing , I worked for two major retail chains and the management would always allow girls to buy coins for paper money from their tills if they found something of "interest".

I myself bought many a coin/paper money when I worked the cash office with managements approval, I had no idea their value has increased so much I need to go dig them out and cash in

 

[hockeyprincess]

I bet your kids are going to have fun helping you sort thru them!! Do I see a Disney trip in your future? C'mon you can tell me, I'll keep it a secret from the kiddos if you want!! Hope you find enough treasures to do whatever your heart desires!

 

[Jenn4615]

Congrats OP!! Lucky find....
I am curious as to what Mommyrants thinks u should of done with the coins? Give them to her maybe?
You didn't steal! Bought fair and square... doesn't even sound like you knew what was in them until long after!

 

[Disney845]

Stealing them from your place of employ (which paying <10% of market value is stealing, make no mistake), is not right.

I have to respectfully disagree with you. OP paid the rate requested by her employer to purchase these items, market value has no place in the equation.

While an item might appreciate, or grow in value because of supply and demand, that doesn't mean that its inherent worth is necessarily increased across the board, it only means that a section of the population may chose of their own volition to pay a premium (over face value) to acquire such items.

To a bank/vending machine/coin operated telephone/retail establishment/etc currency is only worth its face value. Just as an old stamp is only worth its face value to the post office if you wanted to use it to mail something.

The bank/post office (insert any other establishment) is not in the business of reviewing all currency/stamps/items that they come into contact with in the hopes that there may be perceived premium value that they could then capitalize on.

I am sure a bank would find it a very poor ROI to pay someone to sit in a room and catalog all currency that comes through their establishment and cross reference it against a database of collectibles to determine what items are worth only face value and what items have an implied increased value (also keep in mind that the implied increase in value only applies in the instance that there is in fact a buyer [at that very moment] willing to pay an inflated price).

If it was a credit union, that is the equivalent to stealing from members.

I am sure a study of the average banking patron at a CU (granted I personally do not use a CU) would find this (paying employees to search for currency with inflated values, then putting them up for sale/auction at that inflated value, only to hope that there is currently a buyer willing to pay the inflated value) a very poor use of funds by the bank.

 

[It'sWDW4me]

Congrats on your find!! I was a teller many years ago and my station was right next to this guy teller. One day he opened a roll of dimes and was all scared because they didn't "look right." He called the senior teller over thinking he'd gotten a roll of fake coins off of someone. Turns out they were Mercury head dimes!!!!! He had 2 full and 1 partial roll. The senior teller bought the 2 full rolls and I bought the partial. I still have them in a safe place. I also bought quite a few silver certificate bills as they came into my or a fellow teller's till.

 

[pixiewings71]

OP that's an AWESOME find!!!!! Congrats to you!! I have tons of .50 pieces and dollar coins I bought when I worked at Target, I also bought all the $2 bills I could find. It was fun and it was absolutely acceptable. Otherwise they just got sent to the bank and they did whatever with them. I have quite a few still, they are fun to give!

 

[shortbun]

Yes, they have a much higher concentration of silver. http://en.wikipedia.org/wiki/Kennedy_half_dollar

And finding them in your change would be an awesome find!

Stealing them from your place of employ (which paying <10% of market value is stealing, make no mistake), is not right.

Um, it's a bank and the government would not pay you more for them-neither would the bank. the OP bought the rolls with her money-the equivalent of the value of the rolled coins. Not stealing, not anywhere close. Do you think buying a valuable antique from a 2nd hand store for way below value is stealing too? It's the same thing. If you pay what the establishment would charge anyone else-not stealing.

 

[manhattan]

But she's not stealing -- she's buying them at face value -- and the "honest poster above" who was a former teller at a bank said it's perfectly acceptable to do what the OP did as long as she paid face value for them.

Here's some pixie dust for you . It seems like you need it.

Seems like she needs a lot more than pixie dust! LOL!!

Congrats to the OP!

 

[princessmom29]

And people wonder why our banking system is a mess...

this is not stealing nad is common accepted practice in the banking industry. You are paying the bank the circulated value of the coins, so they are out nothing. Baks look on it as a benifit of woking there. When my Dad worked for a vending company we did this with the full knowledge ofthe company. As long as we replaced to circulated value of the coin, his employer had no problem with it.
ps- the PP is right. Thge bank cannot sell them for more than the circulated value of the coin so they are out nothing.