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Thread: Garda pulling silver

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  1. #41
    us
    Feb 2012
    105
    All Types Of Treasure Hunting

    Re: Garda pulling silver

    TD Banks uses Brinks here and about a year ago some people must abused the system because I can no longer order boxes of halves from them (I can buy quarters, dimes, nickles, and pennies no problems).

    The banks I order halves from uses Garda and so far knock on wood been very luck getting WL's, Ben's, 64's, and a very nice spread of 40% in the boxes.

    I agree lets put this to rest!

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  3. #42
    us
    Feb 2008
    southern NJ
    840
    4 times
    All Types Of Treasure Hunting

    Re: Garda pulling silver

    Quote Originally Posted by quiksilver
    Quote Originally Posted by joad
    Round these parts everybody and their brothers are dumping at TD which uses Garda as their coin processing service. Also, Penny Arcade rejects silver coin. This would probably be the main reason Garda boxes are silver slim...at least where TD banks are prevelant. Just a thought...

    Joad
    Good to learn about who TD uses. As for rejecting silver it is mostly true but not always as i have seen silver [in the half bags ] on occasion.
    Here TD uses Brinks. And the Penny will take silver halves, but not dimes or quarters.

  4. #43
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,781
    630 times
    Coin Roll Hunting

    Re: Garda pulling silver

    Quote Originally Posted by markmopar
    Quote Originally Posted by quiksilver
    Quote Originally Posted by joad
    Round these parts everybody and their brothers are dumping at TD which uses Garda as their coin processing service. Also, Penny Arcade rejects silver coin. This would probably be the main reason Garda boxes are silver slim...at least where TD banks are prevelant. Just a thought...

    Joad
    Good to learn about who TD uses. As for rejecting silver it is mostly true but not always as i have seen silver [in the half bags ] on occasion.
    Here TD uses Brinks. And the Penny will take silver halves, but not dimes or quarters.
    I would think that they reject based on weight.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

  5. #44

    May 2012
    2
    All Types Of Treasure Hunting

    A little interesting thing about this.

    I use to work for Brinks but i now work for Garda.

    I worked at Brinks for a good three years and now i work at Garda. been there for four months now.
    I have been a messenger for the time that i have been an armed carrier.

    I will tell you this. Brinks and Garda does not pull silver coins of any kind. It is against company policy. It is classified as personal solicitation or some crap like that.

    but that does not stop me from ordering boxes, or buying the coins from teller trays. :-)

    On average i round up about 7-15 silver coins per day. That is dimes quarters halfs and dollars.

    I can tell you this also i have purchased a $50 Gold Eagle from a bank that i frequently pick up. The teller held it for me.

  6. #45
    us
    Jul 2011
    164
    31 times
    apersonel, you have the knowledge sought after by many inquiring minds on this board. Do the processing companies view crh as a cash cow (via delivery fees) or a hindrance? Is crh discussed often amongst your peers? Are you familiar with how halves are processed in the sorting facility? Also, if you would, please provide your general work location (state). Many thanks in advance- $nack

  7. #46

    May 2012
    2
    All Types Of Treasure Hunting
    It is viewed as a cash cow to the company but an annoyance to the messengers.

    And I am familiar with how they are processed. They are weighed then thrown in coin machines to be rerolled or bagged. Silver Coins are not kicked out of the machine nor are they pulled by the employees. They are simply rerolled or bagged.

  8. #47
    us
    Mar 2011
    666
    17 times
    Quote Originally Posted by apersonel View Post
    It is viewed as a cash cow to the company but an annoyance to the messengers.

    And I am familiar with how they are processed. They are weighed then thrown in coin machines to be rerolled or bagged. Silver Coins are not kicked out of the machine nor are they pulled by the employees. They are simply rerolled or bagged.
    Are these bags delivered to banks or put on a pallet to be shipped to a Federal Reserve Bank?

  9. #48
    us
    Jul 2011
    164
    31 times
    apersonel, thanks for the insight. As for the sorting facility, are the boxes arranged on a pallet? Also, when collected halves from bank pickups come into the sorting facility, are they the first ones to go out or does Brinks/ Garda rotate stock? Also please comment on the amount of halves, on average, stored in the sorting facilities.

 

 
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