Liu21
Hero Member
- Joined
- Dec 14, 2014
- Messages
- 829
- Reaction score
- 608
- Golden Thread
- 0
- Location
- Brooklyn, NY
- Detector(s) used
- AT Pro/BH Platinum, (Garret Pro-Pointer)
- Primary Interest:
- Metal Detecting
So guys, today when I started my shift, I boxed about 100 pennies boxes. ALL the coins were BU 2015, must have been dumped not long before I got to work, from a ballistic bag. Seeing about $2500 in BU cents for the first time was amazing. I knew what Donald Duck felt like.
Fast forward, an hour or so later, someone brought a pallet of circulated pennies from TD Bank, 72 bags of them, each at 50$ face value. From those 72 bags, I found a 1902 IHC in Fine/Very Fine condition. I kept it out to the side near the end of my shift when one of the machines got jammed up I placed it on the rail making sure it got in a roll. Sadly I still don’t have my 4digit stamp yet so that IHC is in a unmarked box. After that, my shift super showed me the cull bin on the machine where all coins smaller than a Cent would end up. Found many dimes, including 5 silver rosies, and a Silver Swiss ½ franc. I tossed them into a dime tub my super was prepping, Thus making sure they will get boxed and make it back out to the wild, hopefully to a CRH.
People who use Coin machines at TD or any elsewhere, beware. I found numerous Quarters, Nickels, and Dimes. People are getting ripped off by the Banks, chances are they don’t even know it.
Now, to the process of how coins get boxed In my location. The Area where we wrap coins is sandwiched between the storage, and in-process. storage is where they store the boxed coins(comapny owned) and Fed Bags(Federal owned). in-process is where they process bags of coins. I believe, now I don’t know for sure, but my theory is when the trucks bring the bagged coins back, they get sent into in-process, where they are weighted, (I seen them weighting them, with scales) I believe they are logged long as it meets the requirement of weigh per bag/domination, the owner of the coins get credited for said bag face. No more, no less. Once weighted they are stacked on steel pallets, when we are ready someone counts and signs for the pallet.
Once we get the pallet, we start the process the coins, cutting open bags, dumping them into 1.8x4ft tubs with 3 funneled slots, or directly into the rolling machines. Each person operates 3 wrapping machines, and let me tell you. Foreign coins, coins of larger denominations and bent coins, really messes up the process. 80% of our focus is on troubleshooting/maintenance of the wrapping machines, 9% on stepping on a pedal that pushes the 10x5 rolls of coins out into a box we fold. 9% on picking up the bags of coins and cutting them open. Other 2% is getting boxes, rolls of wrappers, filling glue bottle, stamping the box, and stacking the box back on the pallet. Once a pallet is full, it is sent over to storage, on a jack. Someone from there signs for it, and it is then used when needed. ie bank or someone orders coins.
Let me tell you guys, We DO Cull silver, unintentionally. ie, If a silver dime is mixed with pennies. Silver quarter mixed with nickels etc… Basically where ever they DON’T belong. They are suppose to be taken and dumped into small buckets, which at the end of the day or something gets turn into to in-process section, I believe. Each line has 3 buckets, one for good US coins, one for Bad coins, one for foreign/tokens. All gets turn into in-process. From there I don’t know what they do with it.
Now on to the BIG Question, Half dollar processing. LOL I haven’t seen any get processed yet. My super showed me and some other new guys a weekly production list, it showed they did 400 boxes last week. My guess is coin waits till they get enough to be worthwhile for us to actually switch out parts on the stack machine. If that is the case, I will try to volunteer for Halves, JUST so that I can sort out silver intentionally and have them boxed in one box, I will then start ordering halves from my banks
. Talk about a self made DREAM box... LOL
now i cant say that ALL facility operates the same way we do, Im just saying that is the way my work place does it. Some place might not even weigh their coins, they might have coin counters or something. IDK
Fast forward, an hour or so later, someone brought a pallet of circulated pennies from TD Bank, 72 bags of them, each at 50$ face value. From those 72 bags, I found a 1902 IHC in Fine/Very Fine condition. I kept it out to the side near the end of my shift when one of the machines got jammed up I placed it on the rail making sure it got in a roll. Sadly I still don’t have my 4digit stamp yet so that IHC is in a unmarked box. After that, my shift super showed me the cull bin on the machine where all coins smaller than a Cent would end up. Found many dimes, including 5 silver rosies, and a Silver Swiss ½ franc. I tossed them into a dime tub my super was prepping, Thus making sure they will get boxed and make it back out to the wild, hopefully to a CRH.
People who use Coin machines at TD or any elsewhere, beware. I found numerous Quarters, Nickels, and Dimes. People are getting ripped off by the Banks, chances are they don’t even know it.
Now, to the process of how coins get boxed In my location. The Area where we wrap coins is sandwiched between the storage, and in-process. storage is where they store the boxed coins(comapny owned) and Fed Bags(Federal owned). in-process is where they process bags of coins. I believe, now I don’t know for sure, but my theory is when the trucks bring the bagged coins back, they get sent into in-process, where they are weighted, (I seen them weighting them, with scales) I believe they are logged long as it meets the requirement of weigh per bag/domination, the owner of the coins get credited for said bag face. No more, no less. Once weighted they are stacked on steel pallets, when we are ready someone counts and signs for the pallet.
Once we get the pallet, we start the process the coins, cutting open bags, dumping them into 1.8x4ft tubs with 3 funneled slots, or directly into the rolling machines. Each person operates 3 wrapping machines, and let me tell you. Foreign coins, coins of larger denominations and bent coins, really messes up the process. 80% of our focus is on troubleshooting/maintenance of the wrapping machines, 9% on stepping on a pedal that pushes the 10x5 rolls of coins out into a box we fold. 9% on picking up the bags of coins and cutting them open. Other 2% is getting boxes, rolls of wrappers, filling glue bottle, stamping the box, and stacking the box back on the pallet. Once a pallet is full, it is sent over to storage, on a jack. Someone from there signs for it, and it is then used when needed. ie bank or someone orders coins.
Let me tell you guys, We DO Cull silver, unintentionally. ie, If a silver dime is mixed with pennies. Silver quarter mixed with nickels etc… Basically where ever they DON’T belong. They are suppose to be taken and dumped into small buckets, which at the end of the day or something gets turn into to in-process section, I believe. Each line has 3 buckets, one for good US coins, one for Bad coins, one for foreign/tokens. All gets turn into in-process. From there I don’t know what they do with it.
Now on to the BIG Question, Half dollar processing. LOL I haven’t seen any get processed yet. My super showed me and some other new guys a weekly production list, it showed they did 400 boxes last week. My guess is coin waits till they get enough to be worthwhile for us to actually switch out parts on the stack machine. If that is the case, I will try to volunteer for Halves, JUST so that I can sort out silver intentionally and have them boxed in one box, I will then start ordering halves from my banks
. Talk about a self made DREAM box... LOLnow i cant say that ALL facility operates the same way we do, Im just saying that is the way my work place does it. Some place might not even weigh their coins, they might have coin counters or something. IDK
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