4 ms·

Banks can't take pre-rolled coins. They have to break them and recount.

tzs 6y ago
This depends on the bank. I've had no trouble exchanging pre-rolled coins for bills at Bank of America.
jakeasmith 6y ago
Ya know, that’s what I would’ve thought as well, but a year or two ago Chase Bank refused to take my loose change. They sent me away with the paper to roll the coins myself to bring back to them
tingletech 6y ago
once upon a time, they would take them if you signed the roll and wrote your account number on it.
aaronax 6y ago
I had the opposite experience. Big Bank would not take my loose coins but happily gave me paper tubes and accepted the rolls a couple days later.
- cannaceo 6y ago
  That was my experience as well. It’s all odd because coins can be accurately weighed if the denomination is separated.
  - kd5bjo 6y ago
    Often separating the coins isn’t necessary either. Because the value of a coin was historically the value of the metal it contained, many modern coin sizes still have a volume proportional to their value. US dimes, quarters, half dollars, and the old Eisenhower dollar coins are all $20/lb, for instance.
    - dotancohen 6y ago
      lb is a unit of force, not volume.
      - deleted 6y ago
        [deleted]
      - bluGill 6y ago
        On earth they readily convert. The size (historically) was determined by the volume needed to get that much mass. At one time payment was measured in weight as you could never trust the other person (or the person who fooled them) to not mix some less valuable metal on with their coins. Those days are mostly gone but the history is weight (which on earth is the same as mass) is important not volume.
        mwexler 6y ago
        Hence the partially empty cereal boxes and snack bags which sell by weight but package to maximize visual perceived volume. I still recall the disappointment as a kid when I got a new box of cereal only to see that a huge portion was "already gone".
        kd5bjo 6y ago
        > You could never trust the other person (or the person who fooled them) to not mix some less valuable metal on with their coins Another major problem was people taking shavings from the edge of coins and trying to pass them off as unaltered; it's the reason many coins have some kind of pattern imprinted around the edge.
        Dylan16807 6y ago
        They readily convert with half a percent of slack between different locations. So be careful calibrating your scale.
    - pavel_lishin 6y ago
      And that's today's at-home experiment with the kid locked in!
- partiallypro 6y ago
  I've had the opposite experience like the person you're replying to. They wouldn't accept rolled coins, I guess because they have to break them to recount anyhow. And it's easier to commit fraud.
PopeDotNinja 6y ago
The last time I tried to deposit pre-rolled coins, the bank told me I could only deposit a maximum number per visit w/o a coin counting fee, and that number was really low. Now when I'm dealing with a lot of cash transactions & the coins are piling up, I just keep them with me, and make sure to spend them when I can. Or I donate them to a charity box.

tzs 6y ago

This depends on the bank. I've had no trouble exchanging pre-rolled coins for bills at Bank of America.

Ya know, that’s what I would’ve thought as well, but a year or two ago Chase Bank refused to take my loose change. They sent me away with the paper to roll the coins myself to bring back to them

tingletech 6y ago

once upon a time, they would take them if you signed the roll and wrote your account number on it.

aaronax 6y ago

I had the opposite experience. Big Bank would not take my loose coins but happily gave me paper tubes and accepted the rolls a couple days later.

cannaceo 6y ago
That was my experience as well. It’s all odd because coins can be accurately weighed if the denomination is separated.
- kd5bjo 6y ago
  Often separating the coins isn’t necessary either. Because the value of a coin was historically the value of the metal it contained, many modern coin sizes still have a volume proportional to their value. US dimes, quarters, half dollars, and the old Eisenhower dollar coins are all $20/lb, for instance.
  - dotancohen 6y ago
    lb is a unit of force, not volume.
    - deleted 6y ago
      [deleted]
    - bluGill 6y ago
      On earth they readily convert. The size (historically) was determined by the volume needed to get that much mass. At one time payment was measured in weight as you could never trust the other person (or the person who fooled them) to not mix some less valuable metal on with their coins. Those days are mostly gone but the history is weight (which on earth is the same as mass) is important not volume.
      - mwexler 6y ago
        Hence the partially empty cereal boxes and snack bags which sell by weight but package to maximize visual perceived volume. I still recall the disappointment as a kid when I got a new box of cereal only to see that a huge portion was "already gone".
      - kd5bjo 6y ago
        > You could never trust the other person (or the person who fooled them) to not mix some less valuable metal on with their coins Another major problem was people taking shavings from the edge of coins and trying to pass them off as unaltered; it's the reason many coins have some kind of pattern imprinted around the edge.
      - Dylan16807 6y ago
        They readily convert with half a percent of slack between different locations. So be careful calibrating your scale.
  - pavel_lishin 6y ago
    And that's today's at-home experiment with the kid locked in!
partiallypro 6y ago
I've had the opposite experience like the person you're replying to. They wouldn't accept rolled coins, I guess because they have to break them to recount anyhow. And it's easier to commit fraud.

PopeDotNinja 6y ago

The last time I tried to deposit pre-rolled coins, the bank told me I could only deposit a maximum number per visit w/o a coin counting fee, and that number was really low. Now when I'm dealing with a lot of cash transactions & the coins are piling up, I just keep them with me, and make sure to spend them when I can. Or I donate them to a charity box.