da1984 said:
Jim,
If there is a contract where the 3rd party gets 1st dibs and then kicks back a percentage to Brinks, than why wouldn't Brinks do it?
There is no such thing as first dibs anymore. Brinks picks up the coins from the banks and rolls them. CRHers dump their coins at the banks, which then go to Brinks. Sure, there could be some "virgin" halves in the mix that get dropped off by unsuspecting folks, but nowadays there are probably lots and lots of dumps. I know this is the case here in Missouri.
So if you assume a company is for profit, why are they gonna pay to buy what probably is mostly dumps? Would you buy all the boxes of halves you search? If you had to pay a fee for each box would you pay it? Maybe if you get addicted like some of us you would, but you would wind up in the hole over time. No business is gonna do this and stay in business for long.
We CRH because (for most of us) we get the halves for free (no fees charged) and search them and dump them (for free). If this 3rd party company has to pay to have the halves shipped to them and picked up (dont think Brinks is gonna do it for free), then they are paying for the coins they search. Sure, they would find some silver like us CRHers do, but not enough to make a profit if they are buying from areas where there is decent CRHer activity.
Stay on this site and you will see a new culling theory about every 2-3 weeks. All are based on hearsay, usually somebody knows somebody who works at a bank and were told this, etc.
Never have seen proof other than the facts that boxes are crappier than before (this is due to all the CRHing activity in my opinion).
Many seem to overestimate the value of the silver coins floating around out there, in the sense it would justify a huge investment in new equipment or business ventures whose sole purpose is to cull. Sure there are great finds, but dream boxes are few and far between. Boxes with 5 keepers are now like dream boxes for many I bet. But not enough profit to make real money.
Jim
