I'm one of those guys who has to know how something works, so please forgive the stupid questions...
Does anybody know how Brinks and the other carriers operate?
What I mean is how fast they go through their stockpile of halves?
Since it seems that the average is 0.5% silver, that silver must be replaced as it is removed.
The fact that the silver seems to come in waves (especially lately) seems to indicate that most silver does not circulate for very long. If it was spent, repacked, spent, repacked, and finally sorted by a coin roll hunter, statistically there would be many boxes with a little silver, as opposed to one or two boxes with a lot of silver.
Since there have been a lot of us finding some very nice amounts of silver, would that not indicate that across the country, there are a lot of people cashing in their coin collections? And if that is so, would it not be prudent to start moving into "Road Trips" as a way to intercept this silver before it was send to Brinks to be rolled and boxed?
Personally I have been privy to two instances where this occurred. The first time I was a little late and the teller had confiscated all the silver coinage, and the second time the guy was selling slabbed coins and that same bank called me to come and buy them from the fellow.
I'm thinking about doing several day long road trips between now and Christmas and was wondering what techniques you guys used?
It seems to me that a road trip through mostly rural areas where banks would be prone to have to sit on their silver halves for longer, as well as where many people might have less of an idea of what silver was worth would be a good place to search...
What do you think?
Does anybody know how Brinks and the other carriers operate?
What I mean is how fast they go through their stockpile of halves?
Since it seems that the average is 0.5% silver, that silver must be replaced as it is removed.
The fact that the silver seems to come in waves (especially lately) seems to indicate that most silver does not circulate for very long. If it was spent, repacked, spent, repacked, and finally sorted by a coin roll hunter, statistically there would be many boxes with a little silver, as opposed to one or two boxes with a lot of silver.
Since there have been a lot of us finding some very nice amounts of silver, would that not indicate that across the country, there are a lot of people cashing in their coin collections? And if that is so, would it not be prudent to start moving into "Road Trips" as a way to intercept this silver before it was send to Brinks to be rolled and boxed?
Personally I have been privy to two instances where this occurred. The first time I was a little late and the teller had confiscated all the silver coinage, and the second time the guy was selling slabbed coins and that same bank called me to come and buy them from the fellow.
I'm thinking about doing several day long road trips between now and Christmas and was wondering what techniques you guys used?
It seems to me that a road trip through mostly rural areas where banks would be prone to have to sit on their silver halves for longer, as well as where many people might have less of an idea of what silver was worth would be a good place to search...
What do you think?
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