Noodling 101

[r9453]

:imnewhere: Turns out I'm not much of a noodler. At first I thought I lacked patience but maybe its something else. :s

:help: I went to my local shops, there's a Westpac and a CBA side by side. I withdrew $2k from the CBA, went next door and asked for 1k x $2 coins but was refused on the grounds I had to open an account or pay 10% surcharge.

I kinda knew it was necessary to deposit into an account but do you have to withdraw from an a/c as well?

If that's what it takes I might go ahead and do it but I assume service with a smile is optional.

:thank_you:

Edit: I checked the 40 x $50 notes and didn't see anything interesting but all I know about is radars. :dontknow:

[JeffH]

Some banks only change money for account holders without fee. They don't usually want you to withdraw from account to buy coin.
Some banks don't care -happy to change for anyone.

You need to shop around. Plenty of bank branches around where you live.
And, try and engage the teller in conversation. Some are quite interested in (and some are hostile to) the noodling/collecting idea. An interested one might even keep a lookout for you after a few visits. And ask about "mute" notes, cashed in 1¢, 2¢ and round 50¢ pieces (or similar).  Sometimes you can strike it lucky -I have picked up a lot of paper notes and two $200 gold coins that way.

Jeff

[r9453]

I have the impression they don wanna me ta noodle.

And, try and engage the teller in conversation.

English as a second language, u mean?

I was hoping to noodle at the local shops where I can walk to, take a little exercise, humping back and forth kilos of coin. :yahoo:

[Fulvio]

Westpac and a CBA side by side.

Worst case, take the money from CBA in coin. Why worst case? Because just about ALL CBA branches are generators rather than consumers. That is, they take in far more from customers than they disburse, so they're feeding the recirculated coin cycle. They will never see sacks of new coins because they don't get deliveries in.

You could just open an account with WBC. And NAB. And maybe even ANZ, though they use Chubb. Should cost you nothing, and its always useful to have more than one even if you're not noodling. My money's with CUA because I believe in member-owned banking, but accounts with the major banks also have their uses.

True, some branches don't care. I got a ton of copper from an ANZ, and I'm not a customer. She didn't even ask. But most will ask, and some will charge you if you're not, or refuse to supply.

As for retailers, things have been getting harder and harder there, both for obtaining and dumping coins. They pay for what they use, and for any surplus they send back. And besides, most retail staff are decidedly UNhelpful regarding anything that isn't directly related to making a sale. Not to mention the average emptyhead needs a calculator to count her toes.

[r9453]

If I'm gonna a noodler be, then I'm gonna do it local. I'm slow as a wet week so maybe I should just do with CBA. Would it make any difference if I mentioned how much money I have in their bank?

Edit: Excuse my french.

*markn says please dont use that language*

[Goldseeker]

OK.   One usually has to have an account with the bank before you can get coins for free.   That is no payment of fees on bulk coin.

Next, have a word with the branch manager and advise/inform/tell him that you are a coin collector and would to buy bags of coin .   DO NOT withdraw money from your account for this.   Leave the money in your account and use cash, notes, to purchase the coins.   Once noodled, swap the noodled coins for new un noddled.

That's all I do.   I get coins from bank a, noodle them then take them to bank b, get more coins, noodle them then take tem to bank c and swap them again.   ETC.

At the present time I am swapping $1,000 x 50c and $500 x $1 four times a week at three difference banks.

[Fulvio]

swap the noodled coins for new un noddled.

Further to this, switch denominations at each branch. So if you get $1 coins from A, take rejects to B and swap for $5 notes, take those to C and swap for 50¢, take those back to A for more $1, etc.

The object is not to get your own rejects back. Back in the days when they didn't all use Armaguard, I even switched security companies with each swap, so my rejects would go to say Brinks while my stocks came from Chubb.

It also helps if you recycle the bags the way I do. I cut the tops off (the side without the tear slit), pack them tight, and reseal them. I can spot my own bags across the room, which was a factor while I was doing those 40,000 $2's. Several tellers tried to give me back my rejects instead of new bags. Also, if possible, get your coin in sealed sacks. And be on the lookout for the UNC bags. They're easy to spot with their stripes, even if you can't see the coins clearly.

[r9453]

She, was a ****** End result, I've got 40 x $50 bills. I can see its not gonna happen but why cant I swap them for coins?

[Fulvio]

why cant I swap them for coins?

You can. Just pick a different teller.

Case in point... I had a massive row over mutes, which involved the head teller and the branch manager. A new hire and a stickler for the rulebook, according to another branch manager who knows her. Well, about a week later I walked in at lunchtime and neither was to be seen... the teller I picked up my sacks from was only too happy to hand over nearly $50 of copper they had in the vault.

As my missus used to say, "perseverance, and a jar of vaseline... anything is possible"

[Cooper S]

why cant I swap them for coins?

You can. Just pick a different teller.

Case in point... I had a massive row over mutes, which involved the head teller and the branch manager. A new hire and a stickler for the rulebook, according to another branch manager who knows her. Well, about a week later I walked in at lunchtime and neither was to be seen... the teller I picked up my sacks from was only too happy to hand over nearly $50 of copper they had in the vault.

As my missus used to say, "perseverance, and a jar of vaseline... anything is possible"

so true :angel::idea:

[JeffH]

Goldseeker makes some good points. Try to get rolls or sealed bags as they come from the security firm to the bank. That eliminates them just giving you back ones that you have already noodled and returned.
I am buying from one bank and returning to another bank to eliminated this problem as one mostly generates coins and the other has had security orders restricted as a cost saving measure.
Also, if you get a friendly teller see if you can discretely try to get notification of when a large moneybox has been cashed in and access those coins. Some of these have been accumulating for years.

Jeff

[kanjoe07]

Owning a business also helps, incredibly! My family has two small businesses and I've made friends with several tellers and bank managers across a few branches in Westpac, BankWest and ANZ in Perth. I'd exchange my notes from the branches I'm familiar with and deposit the 'rejects' if the either of the small businesses don't need them at a branch where I don't collect my 'noodling supplies' from.

[robbiegal]

I am sooo glad that i''m a pre-dec collector

I look at auction catalogue
I go the auction viewing (with my gloves)
I look through the bags/tins/ boxes - see if they contain what i'd be looking for

I place my bids on the day

I walk out with a few kilos
and it's done (well it can take me a couple or more of months to go through them properly - which I love doing)

I take what I want and then eventually list ém up on ebay to move them along for another happy collector to play with!