Rolling Some Coins That I've Been Hoarding

in crypto •  2 years ago 

I've been focused lately on building up some physical reserves of banknotes and coins for a familial project I'm conducting. With all the cash I've been collecting, I've had all these coins that I don't want to put back into regular consumer circulation.

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Earlier in the week, I went to the bank and asked for some empty coin rolls. They said that they don't accept coins in coin rolls, and instead told me to use the coin machine counter so they can get their 2% cut of the transaction. Naturally, I said I would take the coin rolls anyways. My intention with the coins I am keeping is not for depositing in the bank.

Some of the coins, I will use it to bring liquidity to my own coins exchange between myself and a reserve (with crypto) I'm building for the family. For others that are special or high-quality coins, I will be putting them in a protective case so I can possibly sell the coins to collectors. For very damaged coins, I will probably put them back into circulation by using them at a store or depositing them through the coin counter (which isn't ideal).

As time goes on, I'm expecting the value of these coins to increase, but even if they don't increase to collectors, I'll still be able to use them within the family. For the pennies, I'm definitely not keeping them in coin rolls, not because I don't need them, but because I have so many pennies and it's going to take me forever to put them in their coin rolls by hand. lol

We shall see what happens as time goes on.

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