Theories on where the coins go after being dumped and if they rotate stock?

[theproph]

I live in a pretty small town so I dont have a lot of options when it comes to dump banks or banks for that matter. My CU orders me boxes of halves and dimes every week. I then dump at my fiancees CU and repeat the cycle each week. I also found out my CU and my fiancees CU go in on coin orders together, some kind of partnership, even though they are totally different branches/brands of CU. Anyways do I run the risk of searching my own dumps because my CU buys/sells coin back and forth with my dump bank? When the armored car service picks up the dumps they obviously go to Loomis to get counted and re-rolled but do I run the risk of my dumps getting picked up, rerolled, boxed, then sent right back to me or do they rotate their stock? I ask because I swear I got the same exact half that someone drew sunglasses and a hat on with a permanent marker the next week after dumping it. Should I try and dump at a different bank thats not working with my CU or since most banks use Loomis around me does it even matter where I dump? Any thoughts, info would be great! Thanks!

 

[lovewiibrew]

Good replies from everyone. Nice discussion we have going!

It would make good business sense for courier services to have a "sharing" policy with neighboring couriers when their inventory runs low. I'm sure the Fed has a minimum order, and that minimum might be a lot more than they need, and they certainly don't want to tie up resources in inventory that isn't really needed. Maybe they have plenty of inventory but their coin counting/rolling machine was on the fritz for a bit. I would think thats its likely that most couriers have the ability to "borrow" from nearby couriers.

I do believe couriers can "borrow" from others as you say, but again, I can only wonder what happened when my courier was supposedly out of halves and that's why they were not delivered to 3 branches I had ordered from. So I'm not 100% sure they always share. Also, after doing some research there is no Loomis facility in my state. There is one a state over about 150 miles from my city. So Loomis may be sharing with other couriers but I wouldn't think they are couriers in my area.

I'm sure you may bet some back, I search brinks and dump into Garda and Loomis, now, I have rerolled my dumps and brought them into a Garda seviced bank ( I know this for a fact) and use to different Banks, not branches, to do my system, I have recieved back my own rerolled box of dumps before. No one can seem to explain how this happened to me. How does a rorolled Brinks box dumped at a Garda seviced bank end up[ getting back to a Brinks facility and then sent back out to me? So I'm not sure on the whole dumping into another carrier so you don't get any of your back thing. I know I do get them same coins back through my boxes though every so often. HH, Maverick.

It's possible some other hunter asked for halves and picked that box up and took it to your pick up bank? Or did your bank specifically say the coin courier brought that box?

 

[Local_coins]

His thread ties into an idea regarding CWR. Banks have to have a certain minimum amount of any denomination in order to ship it 'out'. At non-dump banks, it would potentially take a long time to accumulate $500 or $1000 worth of halves required to ship. This would obviously restrict the entry of new silver into courier boxes.

It would be prudent to choose your dump banks wisely as to not promote the shipping of silver from banks that are hosting a high population of silver depositors. This of course takes a lot of time to get the feel for. I never searched boxes (unless i was at work-teller) until I found this forum a year ago so I feel like I know where most silver enters my area. The problem is that other hunters in my area tend to crap all over my producing banks by using them as dump banks.

Sent from my iPhone using TreasureNet

 

[Yinzi50]

I'm sure you may bet some back, I search brinks and dump into Garda and Loomis, now, I have rerolled my dumps and brought them into a Garda seviced bank ( I know this for a fact) and use to different Banks, not branches, to do my system, I have recieved back my own rerolled box of dumps before. No one can seem to explain how this happened to me. How does a rorolled Brinks box dumped at a Garda seviced bank end up[ getting back to a Brinks facility and then sent back out to me? So I'm not sure on the whole dumping into another carrier so you don't get any of your back thing. I know I do get them same coins back through my boxes though every so often. HH, Maverick.

I can come up two scenarios:
A: There is another CRHer doing the same thing in the opposite direction;
B: Your pick-up bank runs low on the stock, so your bank buy coins from the Fed and the Fed sell the halves on hand that just acquired from your dump bank(s). Remember one thing: banks don't share coins they buy from or sell to "the Fed". For convenience, the Fed will first sell halves from other banks using the same carrier as your pick-up bank (that means the same vault in your pickup carrier); then either from other banks using other carriers in your area or the Fed's own vault.

 

[TimZim]

I would mark 3/4 of them and see what you get back. You might have to dump in some other bank. How much do you do from the same bank?

 

[BlackOut]

All I know is we need an inside man. Anyone care to go undercover?

Honestly, it would be very interesting to find the answers to the questions that puzzle us all. Also, keep in mind that different regions or districts may handle things a bit differently which may mean there are not actually any uniform, clear cut, and defined answers.

 

[BlackOut]

A good example of differences amongst different regions or districts would be the way things are handled in an area such as Tim's with high populations, lots banks, coins, carriers, etc versus the processes used in say Bozeman, MT.

 

[thripp]

I would like to know about this too. I think I am getting my dumped cents back now. Some of the boxes are almost 100% zinc. With the halves, I have been seeing some of the same type of halves (orange spray paint marking), but am not sure if they are the same coins from last week or part of the same batch.

I know the banks with coin counters get their bags picked up by Garda or Brinks, but I'm not sure if any use Loomis.

 

[maverick]

Good replies from everyone. Nice discussion we have going!



I do believe couriers can "borrow" from others as you say, but again, I can only wonder what happened when my courier was supposedly out of halves and that's why they were not delivered to 3 branches I had ordered from. So I'm not 100% sure they always share. Also, after doing some research there is no Loomis facility in my state. There is one a state over about 150 miles from my city. So Loomis may be sharing with other couriers but I wouldn't think they are couriers in my area.



It's possible some other hunter asked for halves and picked that box up and took it to your pick up bank? Or did your bank specifically say the coin courier brought that box?

No, my pick up bank all recieve coins from the carrier, they know what I do and wouldn't give me someone's dump that was dropped off. I know I am the only one that does this hobby at my banks ( thank god) so if someone new showed up they would tell me. I even had one bank show me a box of rewraps that came in and she said they were gonna keep them and hand them out to the customers that ask for halves and swaped it out for a another one they had. Maverick.

 

[maverick]

I would like to know about this too. I think I am getting my dumped cents back now. Some of the boxes are almost 100% zinc. With the halves, I have been seeing some of the same type of halves (orange spray paint marking), but am not sure if they are the same coins from last week or part of the same batch.

I know the banks with coin counters get their bags picked up by Garda or Brinks, but I'm not sure if any use Loomis.

I think my orange ones are part of the same batch that is just still floating around in the system, I haven't seen any freshly painted ones, these are allways scratched up and really circulated. Maverick.

 

[thripp]

I think my orange ones are part of the same batch that is just still floating around in the system, I haven't seen any freshly painted ones, these are allways scratched up and really circulated. Maverick.

That's cool, I like the orange spray paint halves since they always come in boxes with silver.

 

[maverick]

That's cool, I like the orange spray paint halves since they always come in boxes with silver.

Mine do too, I only get a box every once in a while now with a few of the orange ones in it.

 

[lovewiibrew]

I think I will figure out how to install a tiny camera into a half dollar and that way I can record its journey.

 

[maverick]

I think I will figure out how to install a tiny camera into a half dollar and that way I can record its journey.

Now thats the best idea I've seen yet, I'd definetly watch the video!, HH, maverick.

 

[theproph]

We first need to talk to a driver of an armored car service. Then we need to talk to an employee where they process the coin and see what they have to say about the journey from the bank, to the trucks, to the facility, what happens in the facility, etc. Someone has to know someone that knows someone who works one of these jobs! Lets find them!

 

[sheepdog_tx]

So I got curious so I called my buddies at Brinks (used to work for them years ago but not in armored car ops). Heres what I learned...

Coins get to them several ways. Directly from store vaults, directly from banks with surplus unopened boxes, and deposit counts from bank counters. When possible banks will uses what they have instead of cycling it. When it gets to Brinks they dont care is its rolled, its "Binned". As it it goes into a hopper to be counted and rerolled. This may or maybe not go into a massive counting bin (this branch has one for each coin type), varies with branch and amount. The counting floor people don't even run this, its just a few guys per branch (this person isn't one of them). When asked about culling, I got a "don't know, but likely".

The machines rolls them and they go out top stacked, top pulled. As in old boxes can stay a long time is theres alone of inventory. So in areas with high volume you might have tapped out old boxes where low volume you might hit these during peak times. I asked if you can request these, he said no and even requesting them is likely to get you some unwanted attention from both the bank and branch loss prevention investigators.

Last thing I asked is if they can look in the bin for silver and was told the area is locked down and even so theres alot of equipment and noise that makes it a less than ideal location to hang around. Said they dont even have pockets and can't even bring thier lunch for fear of any playing around with the money. They do know the dumps are dropped in from the top but wasn't sure if the rolls come from coins on top or from a feed lower in. They also can't personally swap or buy out if they find something they want like an old school $100 or a red numbers $2.

Anyway hope this helps.

 

[Easy]

I would mark 3/4 of them and see what you get back. You might have to dump in some other bank. How much do you do from the same bank?

May I suggest latex paint? I heard that works really good!

 

[sagittarius98]

They also can't personally swap or buy out if they find something they want like an old school $100 or a red numbers $2.

Do they process paper money too?

 

[SilverForBrains]

I would think that yes you do indeed have the chance of re-searching some of your own dumps due to likely dumping right back into your own system. However, unless you are doing an insane number of boxes, that likelihood is all but negligible. The coin service that your CUs use undoubtedly processes millions and millions of coins weekly and you're only dumping a few thousand. I wouldn't worry about it. I have dumped right back into my system for over 3 years now. I have no choice. The same Loomis truck visits every bank within 50 miles of me. Over those 3 years I have dumped MANY holed, plated, stickered, uniquely marked (not by me), etc etc etc halves that I would easily recognize, and not a single one of them has ever returned. With that said, I have undoubtedly searched some halves more than once. I don't think its that many though.

Spot on as usual ArkieBassMan

 

[Silver Chronicles]

So I got curious so I called my buddies at Brinks (used to work for them years ago but not in armored car ops). Heres what I learned...

Coins get to them several ways. Directly from store vaults, directly from banks with surplus unopened boxes, and deposit counts from bank counters. When possible banks will uses what they have instead of cycling it. When it gets to Brinks they dont care is its rolled, its "Binned". As it it goes into a hopper to be counted and rerolled. This may or maybe not go into a massive counting bin (this branch has one for each coin type), varies with branch and amount. The counting floor people don't even run this, its just a few guys per branch (this person isn't one of them). When asked about culling, I got a "don't know, but likely".

The machines rolls them and they go out top stacked, top pulled. As in old boxes can stay a long time is theres alone of inventory. So in areas with high volume you might have tapped out old boxes where low volume you might hit these during peak times. I asked if you can request these, he said no and even requesting them is likely to get you some unwanted attention from both the bank and branch loss prevention investigators.

Last thing I asked is if they can look in the bin for silver and was told the area is locked down and even so theres alot of equipment and noise that makes it a less than ideal location to hang around. Said they dont even have pockets and can't even bring thier lunch for fear of any playing around with the money. They do know the dumps are dropped in from the top but wasn't sure if the rolls come from coins on top or from a feed lower in. They also can't personally swap or buy out if they find something they want like an old school $100 or a red numbers $2.

Anyway hope this helps.

So if you live in a rural area near a center that has old boxes and no dumps, then you could get a better selection. Is that right?

HH Michael

 

[sagittarius98]

So if you live in a rural area near a center that has old boxes and no dumps, then you could get a better selection. Is that right?

HH Michael

Probably slightly better numbers than usual in that rural location.