Questions...Banks & Brinks
Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 13 of 13
  1. #1
    us
    Oct 2009
    Miami, Florida
    Fisher CZ-21, Tesoro Tiger Shark & Garrett Ace 250
    161
    3 times
    All Types Of Treasure Hunting

    Questions...Banks & Brinks

    When I went in to pick up my 2ND box today (SKUNKED) there was a new teller whom by her tone and demeanor I assumed was either the branch manager or head teller. She asked me what I was looking for...Silver or Specific dates? I told her both. She then went on to tell me I was pretty much wasting my time because all of the coins they turn into brinks get rerolled and delivered right back to her so essentially I was getting back what I turned in. She also told me another guy was doing the same thing and she just wanted me to know I was getting the same coins back and she didn't want me to be spinning my wheels...or wasting my time without full knowledge of the fact.

    At first I thought maybe she didn't want me coming to the bank for this anymore, but then she said it was ok, but...$500 sits in her vault for awhile until they get $1000 to fill the bag so they can send it out. So I asked her what is easiest for you and the bank...she said $1000 worth of halves vs $500 at a time. This is no problem for me and I said ok...lets do it. Her attitude changed a little and she seemed glad I agreed to the $1k worth.

    So now my question...

    We turn our coins into the bank in canvas bags. She sends them out to Brinks the same way and in return orders us boxes of halves which are rolled. So...is it feasible that I am getting the same coins or is there so many banks doing this it is not a practical thought? Some of you long timers chime in please...thanks.

  2. #2
    us
    Apr 2009
    Clarksville TN.
    Minelab SE Pro
    1,776

    Re: Questions...Banks & Brinks

    Quote Originally Posted by GlassyEyed
    When I went in to pick up my 2ND box today (SKUNKED) there was a new teller whom by her tone and demeanor I assumed was either the branch manager or head teller. She asked me what I was looking for...Silver or Specific dates? I told her both. She then went on to tell me I was pretty much wasting my time because all of the coins they turn into brinks get rerolled and delivered right back to her so essentially I was getting back what I turned in. She also told me another guy was doing the same thing and she just wanted me to know I was getting the same coins back and she didn't want me to be spinning my wheels...or wasting my time without full knowledge of the fact.

    At first I thought maybe she didn't want me coming to the bank for this anymore, but then she said it was ok, but...$500 sits in her vault for awhile until they get $1000 to fill the bag so they can send it out. So I asked her what is easiest for you and the bank...she said $1000 worth of halves vs $500 at a time. This is no problem for me and I said ok...lets do it. Her attitude changed a little and she seemed glad I agreed to the $1k worth.

    So now my question...

    We turn our coins into the bank in canvas bags. She sends them out to Brinks the same way and in return orders us boxes of halves which are rolled. So...is it feasible that I am getting the same coins or is there so many banks doing this it is not a practical thought? Some of you long timers chime in please...thanks.
    I have gotten (when marked my coins) back but it took 3 & 4 months to do it, got 6 or 8 back over 2 moth period have not seen any of them since but have seen hundreds pus of other folks marked coins .

    I try to take trips to another Fed district to dump, it may be silly or futile but it makes me feel good like maybe they don't come back to me.

  3. #3
    us
    Nov 2009
    Far West Texas
    121
    6 times

    Re: Questions...Banks & Brinks

    In my opinion, that teller was just trying to discourage you. She's probably trying to do the same as you, and doesnt want the competition. If it were me, I would of told her that I was just trying to complete a coin folder or something.

  4. #4
    aq
    Jul 2009
    346

    Re: Questions...Banks & Brinks

    Do this long enough and you will see your "dumps" regardless of what you do.
    I pick up at a Brinks bank and dump at a Loomis bank, so I won't see my dumps for years.
    Halves Only.
    2009: 47,411 halves searched (1,185lbs, .59 Tons): 93 - 90% (.19%), 258 - 40% (.54%), 10 - "S" (.02%).  71.79 Troy Oz, 5.98 Troy Lbs.
    Goals:  Near term: $100 face 90% Halves
    Long term: $1,000 face 90% Halves

  5. #5
    us
    Apr 2009
    Clarksville TN.
    Minelab SE Pro
    1,776

    Re: Questions...Banks & Brinks

    Quote Originally Posted by Fredness
    Do this long enough and you will see your "dumps" regardless of what you do.
    I pick up at a Brinks bank and dump at a Loomis bank, so I won't see my dumps for years.
    See we each have theories that make us feel good .

  6. #6
    us
    Aug 2008
    Ace 350
    1,377
    337 times
    Banner Finds (1)

    Re: Questions...Banks & Brinks

    They all make the circle but some people believe you can slow it by dumping at a different distributor. You dump enough and they go back to the fed bank who will in turn send them back to your distributor thus the circle gets made. You might get lucky for a year or two -

    Maine_Jim

  7. #7

    Apr 2008
    3,627
    457 times

    Re: Questions...Banks & Brinks

    Quote Originally Posted by Fredness
    Do this long enough and you will see your "dumps" regardless of what you do.
    I pick up at a Brinks bank and dump at a Loomis bank, so I won't see my dumps for years.
    That is unless the guy buying boxes from Loomis decides to dump his rejects at a Brinks bank, much like you do but just the opposite.

    There is so much cross-dumping going on in my area that it really doesn't matter where you buy or dump, you are generally gonna get the same coins back in short order. Hopefully some silvers make there way into the mix as well.

    Jim
    R.I.P. Rich Hartford

  8. #8
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,282
    1911 times

    Re: Questions...Banks & Brinks

    I would recommend a Federal Reserve tour for everyone. They are free, but you have to arrange for them in advance so they conduct a background investigation ahead of time. But you will learn some valuable information. Understanding the operation of the various districts will help you in your quest for silver. Your best bet to not see you coin would to be supplied from one district and dump in another. If you have the patience, dump your coin rolled in small quantities ($750 or less) in a different district. Spread the dumps to every branch in the district. Make sure that the amount is a small enough so that they can't send it out. It will sit in their vault and rot or until another unlucky CRH'er asks for them.

  9. #9
    us
    Aug 2009
    White's MXT
    2,256
    31 times

    Re: Questions...Banks & Brinks

    Just dump at a different bank that doesn't use brinks.. this really works. I used to get Brinks boxes long ago but determined at some point that I was really getting low returns such as someone's dumps. So I get CWI boxes now from a different bank and dump at the brinks branch. If your brinks rolls are never good, try ordering from a different bank that doesn't use brinks. Also mark your coins so you can tell if you are or how often you're getting your coins back. I do occasionally get my marked coins back but not often. This tells me this system works.

  10. #10

    Jul 2007
    USA
    1,801
    8 times

    Re: Questions...Banks & Brinks

    Don't squat where you eat. Mark
    Life is a coin, you can spend it any way you wish, but you can only spend it once.

  11. #11
    us
    Mar 2008
    Michigan
    2,484
    4 times

    Re: Questions...Banks & Brinks

    What you described is an idea situation if there are no fees involved. As described in all the examples above you will eventually see your own dumps regardless of wether you cross Brinks and Loomis or dump in another district to get your dumps away but what if another guy in that district does what your doing and dumps them back in your district. So all kinds of theories, and all are valid.

    I know that we say you should not dump where you buy but if all is agreeable and your getting rolled coin and returning bagged coin, than there is still a degree of hope that someones coin collection will get mixed in with your dumps at Brinks processing facility and you will get them mixed in with your next box order. It's really the only way we find any Silver at all.

    But one stop banking especially if it's close to home is Idea.

    Mojo
    CRH Mojo "Thanks For buying American"

  12. #12

    Jul 2007
    USA
    1,801
    8 times

    Re: Questions...Banks & Brinks

    Mojo, I have lost 2 banks because some of my competition does just that, is only a matter of time before they get tired of it and quit you. They may not mind today but a month or so down the road who knows. HH Mark
    Life is a coin, you can spend it any way you wish, but you can only spend it once.

  13. #13
    us
    Oct 2009
    Miami, Florida
    Fisher CZ-21, Tesoro Tiger Shark & Garrett Ace 250
    161
    3 times
    All Types Of Treasure Hunting

    Thanks for the rplies from all...

    I am relatively new to this so I thought a more advanced CRHr could give me some clues. But honetsly it seems everyone has a different opinion...which is expected.

    I use this bank to order my boxes and to dump...and yes it seemd the one lady was trying to discourage me, but fortunately she does not work when I normally go in (late on Fridays) due to my work schedule. The other two ladies on Friday nights are as nice as can be so I will be dealing with them mostly.

    I'll just start ordering two boxes as week as requested and maybe that will be good will enough on my part to keep at it with this bank. Thanks again for the tips.

 

 

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search tags for this page

banks that don't use brinks for processing

,

don't squat where you eat meaning

,

how do i order from fedweb to get brinks rolled coin

,

how long does brinks have for a pick up at a bank

,

what banks use brinks

,

wich banks use brinks

Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.3.0