us mint sorting coins

vabuckhunter · Mar 25, 2011

my mother in law is the manager at a local bank and was talking to a lady from the mint about the ordering me some halves, the lady at the mint said they were getting ready to start sorting silver from clad with machines so enjoy while it lasts but like everything thats fun the government stops it

Diver_Down · Mar 25, 2011

They are starting now? I thought it was 6 months ago. Or maybe it was a year ago. This same tired story resurfaces every couple of months. Your version is even worse, because if you were a student of our monetary system, you would know that the Mint has nothing to do with coin distribution for commerce. Thanks for the laugh anyway. :laughing7:

coolpix9 · Mar 25, 2011

I thought the Mint was melting the old coins down to make new ones.

jlr1076 · Mar 25, 2011

Right. You should quit then! Buh bye.

joad · Mar 25, 2011

The mint makes coins and distroys worn out coins. So they have been melting coins for years.

jim4silver · Mar 25, 2011

Anyone ever notice that it is always a new poster who claims the silver is being culled? I wonder why that is?

Jim

mistergee · Mar 25, 2011

hey guys...haven't been around in awhile. been busy. however i did hear from a friend who is a manager at a bank that she was told to send back all old silver currency. this was a few months ago. don't know how true it is but i trust her word.

FingerGrime · Mar 25, 2011

Yeah, I heard the same thing.
Now get away from my coins!!! All mine!

Diggin-N-Dumps · Mar 25, 2011

vabuckhunter said:
my mother in law is the manager at a local bank and was talking to a lady from the mint about the ordering me some halves, the lady at the mint said they were getting ready to start sorting silver from clad with machines so enjoy while it lasts but like everything thats fun the government stops it

I heard the same story..But heard it was Extraterrestrials in search for the Silver....I could be wrong thou...... :read2:

SFBayArea · Mar 25, 2011

mistergee said:
hey guys...haven't been around in awhile. been busy. however i did hear from a friend who is a manager at a bank that she was told to send back all old silver currency. this was a few months ago. don't know how true it is but i trust her word.

I checked this vabuckhunter's past messages.. seems like he's been skunked more often than not on dimes. The US Mint has nothing to do with culling any coins. They just make them. If any, it would be the Federal Reserve that would do it. If this was true, there would an announcement since it's government. They don't typically do these things under the table unless it was CIA, national security related. In Canadian, they've announced that policy. What's the point in culling the coins anyhow. The majority of the silver coins are out of circulation anyhow. They're not going to get that much by culling them. Perhaps on the copper, they might but not on silver. In Canada, the issue was different because they changed their composition in pennies very recently so I can see it being done. The U.S. has changed compositions on coins before yet no one has every heard of a gov. plan to take them out of circulation because they know that people take them out anyhow. What's the point of the gov. joining the crowd. Doesn't make sense.

If the government wants to collect all old currency. I say go ahead. Old paper money isn't worth that much anyhow. Just leave the coins alone. Some teller a few weeks ago showed me a 1934 $100 green seal note. It's worth like $120 yet if you had coins from 1934, that'd be $2000 or more. That's all that can be said about paper money.

byrne3 · Mar 25, 2011

The federal reserve is a private organization, NOT government..

ronbo22 · Mar 25, 2011

I saw a news story today about a video of Bigfoot culling silver.

FingerGrime · Mar 25, 2011

Diggin-N-Dumps said:
vabuckhunter said:

my mother in law is the manager at a local bank and was talking to a lady from the mint about the ordering me some halves, the lady at the mint said they were getting ready to start sorting silver from clad with machines so enjoy while it lasts but like everything thats fun the government stops it

Click to expand...

I heard the same story..But heard it was Extraterrestrials in search for the Silver....I could be wrong thou......

I heard the same story. Apparently our government is in cahoots with the aliens. Our government is helping the aliens accumulate the silver that they need for their warp drives. Of course our government is helping the aliens since the coming of the aliens will inevitably lead to the rise of the new world order. And of course, as you all know, this will result in aliens taking over human bodies.
Fortunately we can fight back! The one thing that the aliens need (silver) is the same thing that renders them powerless. I for one am getting as much silver as possible while I still can. We can fight off the alien overlords!

Diver_Down · Mar 25, 2011

byrne3 said:
The federal reserve is a quasi-private organization, NOT government..

I fixed your post. It is indeed a "private" organization that must operate under a strict government charter. People think that because the Fed is private that they have the ability to generate a profit (cull silver) without oversight. The Fed is allowed to turn a profit which is heavily scrutinized by the government. Bank draft, electronic transfers, and check processing are their main bread and butter.

BuffaloBoy · Mar 25, 2011

got to get the silver while there's still a little bit out there before there is hardly a piece in circulation... There will always be that little bit of silver from people ignorant to the fact that there are silver coins out there and what their value is...

:icon_thumleft:

vabuckhunter · Mar 25, 2011

all that i was doing was stating what i was told but it seems like theres a whole pile of people on this site who are big men when typing on a little computer. i have posted on this 2 or 3 times and each time i get nothing but smartass remarks from spineless people who got picked on in high school and are taking out there aggression online

jim4silver · Mar 25, 2011

Diver_Down said:
byrne3 said:

The federal reserve is a quasi-private organization, NOT government..

Click to expand...

I fixed your post. It is indeed a "private" organization that must operate under a strict government charter. People think that because the Fed is private that they have the ability to generate a profit (cull silver) without oversight. The Fed is allowed to turn a profit which is heavily scrutinized by the government. Bank draft, electronic transfers, and check processing are their main bread and butter.

DD,

Don't know if this is true or not, but I have read that the few private banking/companies/organizations that own the stock of the fed reserve get a certain percentage dividend on that stock. I don't know where I read that but it sticks out in my memory.

Jim

Jeep · Mar 25, 2011

vabuckhunter said:
all that i was doing was stating what i was told but it seems like theres a whole pile of people on this site who are big men when typing on a little computer. i have posted on this 2 or 3 times and each time i get nothing but smartass remarks from spineless people who got picked on in high school and are taking out there aggression online

Now, Now be nice

Some folks just get tired of hearing that story, not your fault but no harm done
Just a feisty bunch we got here when it comes to MY silver :laughing7:

Welcome to tnet :icon_thumright:

Diver_Down · Mar 25, 2011

vabuckhunter said:
all that i was doing was stating what i was told but it seems like theres a whole pile of people on this site who are big men when typing on a little computer. i have posted on this 2 or 3 times and each time i get nothing but smartass remarks from spineless people who got picked on in high school and are taking out there aggression online

Sorry to offend, VABuckHunter. The fact remains that this story/rumor is brought up every couple of months. Some of us vets who have been in this game get tired of giving the rumor credence. (Now, Brinks culling silver is true. Right, Jim? :laughing7:

) The problem in this rumor is that it is told by a bank teller. When in fact, most of those individuals are not the smartest and have no clue how coin is processed. Heck, quite a few tellers don't even know our denominations when it is imprinted on every single coin.

SFBayArea · Mar 25, 2011

byrne3 said:
The federal reserve is a private organization, NOT government..

Hmmm.. so why is it that the President appoints the chairman of the federal reserve? Not voted in by shareholders like private companies?

Why does our currency say "Federal Reserve Note"?

So no gov. involvement here? Why don't they just call it, the "Private Reserve Bank Organizations"

You have to have the facts to back it up.. maybe historically that's how it started but not in modern times.