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  • Thread starter Thread starter seger98
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Thanks seger98.

Ya gotta love those "one stop" for info places.

Good stuff!
 
Hmmm....bags of halves are purchased and moved in bulk of 100,000 each.
this could very well explain a lot about how the results for MECO and myself are similar at similar times, and the lack of skunk boxes and then scores of them.
I would think that once a batch of $50,000 in halves is accumulated its run though a roll machine, If they are all mixed in thats a lot of fed bags of $1000, and $500 and some are done as small as $100 before being sent in. If they are all mixed and recounted and run as a batch, and packaged as a batch. This makes perfect sense.
No wonder some boxes only have 1 coin and some are similar with results with a bunch of silver. And this would also explain why we get our own rejects back with silver after we know we have searched them.

This solid proof evidence goes even further to prove that marking coins is completely pointless.

So a bunch of coins go into a rolling company and here is what happens.

1. they accumulate up to $50k worth.
2. They get mixed into a bin
3. Get mixed in with our rejects and silver from other bank bags
4. Get rolled up and placed into yet another bin.
5. Some guy packages them up to the score of 100 boxes, these must go onto a pallet to be distributed back to the banks.

Ok Me Co. we have some work to do, at the scale we know we are going we cant be touching more than 1 or 2 pallets at a time. How many they have in storage is unknown. I cant see a reason to rotate them. Considering each year they minted enough to make at least 80,000 boxes for quite a few decades thats about 800 pallets a year they would have minted for the nation.
Divide that by the what 13 districts? thats about 60 pallets a year worth of coin per district.
Obviously many are absorbed into circulation.
So I must ask...where are all these clad halves?

Are they evenly out in circulation being spent and in coin jars?
Are people hanging onto them because they think they are valuable?
Or are there millions upon millions of dollars worth just sitting in ware houses?

Factors involved are that vending machines dont take them.
And as such they dont circulate much.
As well they stopped minting them in mass in 2001, Why?
Obviously there was not the demand for them. they must have been piling up in ware houses otherwise they would still be minting 20 to 40+ million of them a year...no, they scaled it back to a tenth of that for collectors and must feel that there is enough of a surplus to last for a very long time.
Look at SBA dollars, it was 20 years before they did another run of them! and now they have these new president dollars. Most of witch will just end up sitting in ware houses too.
 
Is the above post the only relevant info? That link is dead.
Did anyone save the entire page?
 
MalteseFalcon said:
Is the above post the only relevant info? That link is dead.
Did anyone save the entire page?

that link ain't dead I just went there, maybe the site was down when you checked it out.

thanks for the info
 
jewelerdave, that is a very interesting prospective! I wonder if we all acted together & kept a few boxes out of circulation (instead of turning them over) if we couldn't get a pallet or two out of storage???
 
At the level its being done I dont think any of us have enough money or pull with the banks to order enough to get them, of course the top or surface has been scratched and newer stuff is being cycled in and out all the time.

There is a scrap company in the mid west that seemed to had done pretty well but they claimed to have searched over 14 million in halves and "got them all"

Best Idea I have heard is to dump into someone elses district. A few thousand at a time should make an impact over time but that would take quite a bit of effort and expense,
At current skimming out what is coming in seems to be the best option. Unless someone lives on a border of a fed district
 
Dave,
I agree about dumping in another's distract, My dump bank now, I use for just that reason, one of the tellers was always eyeballing my boxes, Then he told me he hunts for silver, Now I dump at there main branch in the coin counter. they say they get bought up each week. :) The even better part I am on a border, of 2 states, So I buy from 1 state and dump in another, It seems to work well.
Tim
 
idothisforfun said:
The even better part I am on a border, of 2 states, So I buy from 1 state and dump in another, It seems to work well.

Just because a bank is in a different state does not necessarily make it in a different Fed Reserve district. There are only 12 districts throughout the country.

Here is the map for those that are curious.

http://www.federalreserve.gov/otherfrb.htm
 
That's a great link Gman, I live in distric 9 in the summer not far from #7. so I can easily get from one & dump in the other & vice versa. The thing I like is when you look at dis. 9. it's not a heavily populated area like out east, thus fewer roll coin hunters. Seger98
 
I could dump in 9, 11, or 12 but all of them are a heck of a drive for me as I am in the darn center....maybe worth it for the 70k I am picking up.
 

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