Something has changed?

[coinmojo]

The last couple of weeks my boxes orders have changed. I started getting older looking boxes from my brinks supplier and my Loomis boxes looked different as well. For the last 3 weeks my Loomis rolls switched from yellow & white to Black and white and seems the coins were mostly 70's 80's & mid 90's same with the recent Brinks boxes the mid 90's coins all looked new. and then today my Loomis suppliers actually delivered the older looking Brinks boxes.

Something is going on ? Am I tapping into the bottom of the pallet finally. the production of these boxes has been hit & miss a couple of skunks with a 20+ keeper box mixed in. up until 3 weeks ago my best producing boxes only yielded 3 or 4 keepers with a couple of proofs and newer NIFC's mixed in and now the newest coins I'm seeing are mid 90's?

Should I up my order? I might be tapping into an old pallet. Some of the boxes actually show signs of fading and discoloration and dust. I'm holding my breath. I think Loomis has run out and bought from Brinks to fill their orders.

What cha think?

Mojo

 

Amazon Forum Fav 👍

A Handbook of Civil War Bullets and Cartridges - Grab it through Amazon!

[nyiangelo]

You have better chances the more boxes you go through. If it's meant to be it's meant to be!

 

[obediah]

We thought same thing when we got 20 Boxes, 19 had silver 8 were full of Silver- thought we were in the bottom of a pallet, but the next (few) orders was quite a let down from the 162 ounce rout we went to a couple of ounces at most.

 

[coinmojo]

Another thing I noticed this week as I mentioned in another post a while back that I happen to catch the pick up of the heavy square boxes that my dump bank uses in their coin counter and the guy was in a "unmarked moving type truck" and I chatted with him and he told me he delivers the coin boxes to both Loomis and Brinks. Whoever needed them.
Well this week I saw him again, he was walking in as I walked out. His truck was different and actually had the words Federal reserve bank stenciled on the side of the door?

Poses the question are they removing the coins from circulation through attrition and the reason I'm getting older boxes is because the Fed is actually depleting the money from circulation in preparation of something?

As a result I'm being fed from the balance of coins sitting on the floor at Brinks and Loomis?

Another thing is I haven't seen any of my tags in the last several weeks.

Hmmmmm Something is going on......

Mojo

 

[Cherryman68]

That is intresting to say the least. I wonder if they are removeing the half from circulation. I would think that would take an act of congress but still that's strange.

 

[obediah]

Interesting observation- turn of events. See him again talk to him ask him whats up!

 

[obediah]

That is intresting to say the least. I wonder if they are removeing the half from circulation. I would think that would take an act of congress but still that's strange.

I may be half baked (pun intended) but didn't someone say or point out ALL the Half's after certain date are only meant as collector coins & not for general circulation?

 

[Cherryman68]

Yes but they are still being made. If I'm not mistaken the law says make them and what they look like and dimentions and metal content. Nothing about quantity.

Halfs are made and circulated but it is not making the gov any money and not being used much. I wonder what they are gearing up for. Pull the half and help pay for more bs nanny gov policies?

 

[Diver_Down]

Yes but they are still being made. If I'm not mistaken the law says make them and what they look like and dimentions and metal content. Nothing about quantity.

Halfs are made and circulated but it is not making the gov any money and not being used much. I wonder what they are gearing up for. Pull the half and help pay for more bs nanny gov policies?

Cherry, Do you understand the concept of seigniorage? Surely, you understand that the US Mint is one of the most profitable federal agencies already. The profit goes to help prop up the "nanny gov policies".

 

[Argentium]

Yeah things may well be changing , but during this transition we must CRH like crazy . think
about it the Gov. is running unprecedented national debt , GDP is down , faith in fiat currency
aka promissory notes - like the U.S. dollar is down - precious metals are way up ! now consider
the fact that the highest denomination circulating U.S. coin , the dollar- is about the size of a
quarter , while the half is way bigger and denominated at only half a dollar . These factors
combined, indicate to me , that the half as we now know it is in it's last days (years) and will
doubtless be eliminated in the next several years. i would be most interested to hear your
opinions on this theory . Happy hunting , Argentium.

 

[nyiangelo]

The 50 cent piece is the third most expensive to produce, behind the nickel and quarter. The only reason they should phase it out is the fact that hardly anyone uses them anymore. No one uses the dollar coin either but they still are on a big push to use that one. Why push the dollar coin? I don't know. Probably so they can make a small profit off all these designs they are cranking out.

In FY 2008, the United States Mint transferred a total of $750 million to the Treasury General Fund. This total
included $735 million transferred off-budget and $15 million transferred on-budget. The off-budget transfer
contains seigniorage, the financing source resulting from the sale of circulating coins. The on-budget transfer
represents FY 2007 numismatic profits transferred to the Treasury General Fund in FY 2008. In comparison,
the United States Mint transferred $782 million off-budget, and $43 million on-budget, for a total transfer of
$825 million during FY 2007. Prior year retained earnings and current year financing sources were sufficient
to cover existing obligations and liabilities of the PEF.

I wouldn't worry about it. I had some old boxes with about 12 different color rolls in them last year. They are probably just pieceing orders together.

 

[Diver_Down]

Yeah things may well be changing , but during this transition we must CRH like crazy . think
about it the Gov. is running unprecedented national debt , GDP is down , faith in fiat currency
aka promissory notes - like the U.S. dollar is down - precious metals are way up ! now consider
the fact that the highest denomination circulating U.S. coin , the dollar- is about the size of a
quarter , while the half is way bigger and denominated at only half a dollar . These factors
combined, indicate to me , that the half as we now know it is in it's last days (years) and will
doubtless be eliminated in the next several years. i would be most interested to hear your
opinions on this theory . Happy hunting , Argentium.

The dollar coin is produced for circulation. The mint will even sell them to you at face and pay shipping? Doesn't make sense, does it? Not so fast, the US Mint makes $.86 for every dollar that they sell at face value either to the Federal Reserve or a private citizen. That doesn't account for the actual collector rolls that they sell direct with a premium. Same goes for the half dollar. It costs more to produce, but they aren't sold to the Federal Reserve at face value for circulation. They are only minted for collectors in rolls/bags at a premium. The Mint makes money producing a non-circulating coin.

 

[supn9]

You have better chances the more boxes you go through. If it's meant to be it's meant to be!

That was romantic

Your definitely causing some stir. Either their wrapping supplies are ending and they are getting old stock..Or they are going for the older boxes that are stored. Do you notice the quality of roll or cardboard being old? Or maybe rusty coins... This way you can tell if its old.. Or old supply wrappers and boxes and not coins.

 

[coinmojo]

You have better chances the more boxes you go through. If it's meant to be it's meant to be!

That was romantic

Your definitely causing some stir. Either their wrapping supplies are ending and they are getting old stock..Or they are going for the older boxes that are stored. Do you notice the quality of roll or cardboard being old? Or maybe rusty coins... This way you can tell if its old.. Or old supply wrappers and boxes and not coins.

Yes the boxes appear to be old.

 

[maine_Jim]

I had some yellow feds that recently changed to the black & white. Not much change in contents. I also got some old faded boxes and they were about the same then I got one that was new looking and it had 42 proofs along with a bunch of silver yet the other boxes that day that looked the same were skunks. I think it is mostly luck of the draw unless there are some boxes at the very bottom in the very back that have never quite been reached. I'm tempted to get a part-time job with one of the distributors just to get the complete story. You could sure make some money if you could control where the new coins went...

Maine_Jim

 

[obediah]

I had some yellow feds that recently changed to the black & white. Not much change in contents. I also got some old faded boxes and they were about the same then I got one that was new looking and it had 42 proofs along with a bunch of silver yet the other boxes that day that looked the same were skunks. I think it is mostly luck of the draw unless there are some boxes at the very bottom in the very back that have never quite been reached. I'm tempted to get a part-time job with one of the distributors just to get the complete story. You could sure make some money if you could control where the new coins went...

Maine_Jim

The Delivery service for one of our Banks says they normally only keep up to 20 Boxes of halves in their whse, when they need more they order them from the Fed; so that to me kinda refutes the idea of a bottom of pallet- stacked in outa the way corner somewhere, unless iti s in the Fed and is hit when the Dlv service runs low and orders. Know we have hit a number of very good heavy Silvered Boxes this year- really puzzles me how they got so full(?).

 

[DrDetector]

Mojo:

I think the most likely reason is because there are more and more boxes of halves being ordered by CRHers. Like Obediah was saying, most direct suppliers will keep a typical, historically predictable amount of each denomination in stock at any given time. Lately, with more CRHers, those supplies are being depleted faster and then they need to order from either another supplier or the Federal Reserve, where the coins may have sat for a bit longer and may have been rolled with different paper, etc. Most of the warehouses used to store coins are just that...warehouses. They typically are subject to fairly dusty, dirty, sometimes leaky situations, so a cardboard box can deteriorate or become quite nasty quickly.

As far as the coins themselves being dated in a certain range, well that could be a number of different reasons. You are in Michigan where there is a lot of gambling. Could be a large stock of half dollars that had been sitting in a casino vault was recently deposited due to the casino switching to paper tickets or those little casino debit-style cards. There are a number of possibilities but I don't think that the half dollar is being pulled from circulation.

 

[golden silver]

My dad silver slice said his normal 2 layered brinks boxes did not come in. Instead they were one layered yellow rolled boxes. They are pullin a switcharoo on us Mojo.

Golden Silver

 

[AGCoinHunter]

My dad silver slice said his normal 2 layered brinks boxes did not come in. Instead they were one layered yellow rolled boxes. They are pullin a switcharoo on us Mojo.

Golden Silver

I ordered from a bank which I though was serviced by Dunbar a few weeks back and instead of Dunbar boxes I got what looked like you describe above GS. Total skunks. Not sure where these come from. Loomis has same type of box but yellow wrappers. These were black in a single layer box. Perhaps they were Brinks?

 

[Rich Hartford]

Nothing has changed for me. I still average 3 keepers a box,get plenty of skunks, and every once in a while get a box in the teens.
I now consider a dream box to consist of 40 very dirty,holed, and otherwise culled 40%ers.

HH

Rich