Supplier question...

bnicholas26

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I took a break from boxes for a few months. My order bank got nf string boxes. I got my order today and they were loomis boxes with loomis rolls inside. They were all skunk boxes. My question is: has anyone had experience with loomis rolls? do they seem to cull silver like brinks supposedly does? I'm thinking of setting up a new order bank that can get me string boxes as they at least produced something. Any info would help. thanx.
 

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If they are culling silver, they are doing a very bad job. I get String & Son boxes from Loomis though.
 

The rolls actually say Loomis on them. They look similar to string rolls. Yellow stripes on the end w/ "$10 halves" written. But it says LOOMIS in yellow on the middle of the paper roll.
 

I don't think any of the major suppliers are culling silver, it's not their money, it's their customers i.e. banks going to virtual vaults if you will.

If brinks, Garda, Loomis whoever wanted to cull silver they would have done it years ago. Its just not their business model, they are money transporters/processors.

In order for them to cull silver they would have to obtain coinage with their own funds from a bank or the fed, not deposits of institutions or businesses.

It is entirely possible that there are people within the organization breaking the rules at sorting centers. But based on my research and directly speaking to the operations manager of Brinks and Garda for Los Angeles, the first sentence I typed in this post is directly from their mouths, not just my hypothesis.

Hope that helps, you will have good days and bad days. You will have good weeks and bad weeks, etc. 10-20 skunks is nothing. 100 might raise my eyebrows.

The reason that the saying "Volume is King" in this hobby is not because every box produces and you simply make more money. It is about persistence, persistence, persistence, did I mention persistence? By doing large volume and large sample sizes you are increasing your odds of hitting the section in the pallet that got Grandpa's collection.

Granted some areas are better suited to CRHing (and I'm not talking East Coast), what I mean is metro areas vs. rural wheres theres only 2 banks in town or something like that.

Anyways, I think I answered your question and then some.

HH
Bigheed
 

Bigheed said:
Granted some areas are better suited to CRHing (and I'm not talking East Coast), what I mean is metro areas vs. rural wheres theres only 2 banks in town or something like that.

And that is exactly the part of town I live in. My city has a total of 5 banks with a total of 8 branches. One bank has 3 branches and another has one that deals mainly with the businesses in town so they sort tons of change. All the towns around me are smaller than 5,000 people and most around me dont top over 15,000 so its quite profitable to hit them when they have CWR's. I am in the process of getting to know the locals well enough and will be branching out to outlying cities soon for my buy sources.
 

Thanks for the info. I may just be having separation anxiety from my proven string boxes. New loomis rolls have yet to earn my respect.
 

I agree with Bigheed. I know a manager for Brinks and he also told me they don't have the time or the desire to cull. They would then have to roll the coin again too. Look at how many boxes people here are going through to find 1 or 2 coins per box. Just doesn't make any sense :laughing7:
 

Really??? This question again??? OK, one more time.....

It's not that difficult a concept to understand. If I go into a bank that uses Garda tomorrow and dump $1500 in clad halves. Then, when they send them in to be processed, Garda will get $1500 in clad halves. Likewise, if I dump $1500 in silver halves to a bank that is served by Garda, then when Garda processes these coins they will have $1500 in silver halves. It is exactly the same for every bank and every coin processing company. Honestly, what is so difficult to understand about this?
 

With recent slides in metals prices, I wouldn't be concerned that sorting coin companies are going to cull them.
 

Also, Strings just makes the wrappers. They don't roll coins. Your Loomis rolls are probably rolled by the same company that was using Strings.
HH
enamel7
 

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