In reading blogs and articles, as well as several SDMB threads, about dollar coins over the years, I learned that retailers and other businesses who have large amounts of coin and currency delivered have to pay for that service.
My question now is this: Roughly speaking, how much does that cost? Is it possible to give a ballpark typical figure of what it costs to have one hundred rolls of pennies or fifty rolls of nickels delivered to your shop or restaurant? Do you generally have to pay your bank, or the armored car company, or both? And do mass retailers like big box stores pay the same amount as small stores do?
Naturally I’ve tried googling for this but I get only false hits about numismatic coin dealers.
I worked armored making these deliveries, and we’d have a standard delivery charge negotiated as part of their contract. We always had freaking pallets of coins sitting around in our vaults, and a regular coin sorting operation in the back.
My route regularly made the multi-million dollar nightly pickup from one large bank’s processing center and we only picked up bags of paper cash. Coin deliveries came from our office. I was never involved on that side of things, so I can’t tell you where we got all the coins from, other than that we have a Federal Reserve Bank in our city and it may well have come from there or some other processing center via another route. But that being said, it means that the particular bank DID NOT give us the coins that we delivered to their branch offices.