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Brinks Pulling Silver? Sure Seems Like They Are

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FadeToBlack's Avatar
1751 Posts
 Posted 12/05/2012  6:04 pm  Show Profile   Bookmark this reply Add FadeToBlack to your friends list Get a Link to this Reply

Quote:


NAA, I dont think so. Maybe in adak alaska, population 1000 sure it will, but not around here thats just mondays orders in my town. Like I said on this message board and one other I know of 4-5 people that search my supply, thats over 100 boxes a week, and I guarantee thats not everybody, atleast a few silvers show up weekly.
ITs already been proven with spray painters on this and other forums. You might think your the half king doing 80 a week, but in reality, your just doing 3 guys worth, out of 30 guys.


I've pretty well ruined my own supply with 60 boxes a week, my average went from 2.6 to, as of late, .5 keepers per box. A lot of people claim they search numbers they don't really search, keep that in mind... it's human nature to embellish. We'll see, I'm moving my dumping somewhere else, I guess whomever searches there can tell you how hard their finds crater.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 12/05/2012  7:39 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
@ftb--I think you just lent some serious confirmation to what I said above.

Now I'm starting to think there may be more CRHers in the USA than there are registered voters...
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 12/05/2012  9:50 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Now I'm starting to think there may be more CRHers in the USA than there are registered voters...
Freddy I wouldn't be surprised!

When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
United States
370 Posts
 Posted 12/06/2012  01:00 am  Show Profile   Bookmark this reply Add yvairguy to your friends list Get a Link to this Reply
with silver half I always figured that when they stopped using them in casinos they flooded the market with them and there is probably pallets sitting that never get touched because they never have to dig that deep
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jbuck's Avatar
United States
189340 Posts
 Posted 12/06/2012  11:03 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Now I'm starting to think there may be more CRHers in the USA than there are registered voters...
One can argue that the former is a better use of time.
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1967Canadapenny's Avatar
United States
965 Posts
 Posted 12/06/2012  1:44 pm  Show Profile   Bookmark this reply Add 1967Canadapenny to your friends list Get a Link to this Reply
This last weekend I got a box of dimes without any silver or canadians, I was a little shocked honestly because I had always had good luck with loomis boxes before, I've found 3 silver quarters in loomis rolls.
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lincolncentguy's Avatar
United States
809 Posts
 Posted 12/06/2012  8:47 pm  Show Profile   Bookmark this reply Add lincolncentguy to your friends list Get a Link to this Reply
Yes they are.
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Broseph's Avatar
United States
979 Posts
 Posted 12/06/2012  9:46 pm  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
How can people be SO confident that they do?
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Owassokie's Avatar
United States
622 Posts
 Posted 12/07/2012  11:35 am  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply

Quote:
Let me show you what I mean with numbers. because numbers don't lie


Hi Broseph, I hope you don't feel this is disrespectful. It's not my intent. I think you bring a lot of good information to us and you're a valued member of this forum. With that said, I don't know where to start with your math post so I'll just address the jist of it because addressing the actual math would just be speculation and hyperbole. Numbers are a representation of whatever we humans want them to represent. There are people that make a living manipulating numbers. I like the way you think but I'm confident your numbers are off. The problem is your assumptions. I think you're just not seeing the scale or shear volume. There would be diminishing returns but none of us have the correct assumptions to even start to figure out the scale. That in and of itself would probably take a team many hours, days, or weeks to come to a reasonable conclusion. My guess is the 'diminishing returns' wouldn't even be measurable for months or years.

OO
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Broseph's Avatar
United States
979 Posts
 Posted 12/07/2012  1:18 pm  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
I'm not offended, I'm glad to get responses. I feel people should be able to talk about things without getting rubbed the wrong way. That's how we learn :)

However, I stand by the statement that numbers don't lie. I'm not naive, though, let me explain.
"Guns don't kill people, people kill people"
It's not the GUN acting, it's the person.
Applied to my statement:
Numbers don't lie, PEOPLE lie.

And as I showed in my math. even if there were 50 silvers per $500, when sorted with 97% accuracy (estimate, but you could change it and get the same results, higher accuracy would mean the profits diminish faster)
You would take that 50 and multiply it by .03 (the decimal of 3%)
50 x .03 = 1.5 silvers per box

So, I guess that's not convincing anyone. Let me kick it up a notch!

Lets assume insanity. $500, 500 silvers. Half of the 1000 coins. I'll track the coins this time, since in this case it would be a massive profit, but STILL be something that would only make money for a short time, then be useless.

Let me start by pointing out that for 7 years they made silver Kennedy halves (assuming thats the main pool of coins, not Benjamins and walkers), and for the past 42 it has been non silver. So this assumption is far beyond ridiculous in giving favor to the position that sorting could be feasible over time.

Starting silver = 500 coins, multiplied by our 3% error, gives us

500 x .03 = 15

Only 15 silvers per box remain after only one run through such a machine!

2nd run:
15 x .03 = 0.45

Now less than one silver for every TWO boxes!

3rd run
0.45 x .03 = 0.0135 per one box

Thats 1.35 silvers per 100 boxes

You could assume any accuracy, any number of silvers per box, and it would STILL dry out the pool in only a few runs.

This is why I believe They either
1: Culled it at one point and it's over
2. Didn't cull

Don't forget, people have been culling for silver for almost 50 years now! Whether by machine or hand, it's mostly gone. You see silver that people deposit from what they find in elderly people's homes, more or less.
Edited by Broseph
12/07/2012 1:24 pm
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 12/07/2012  1:35 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Does Brinks actually own the coin that they roll? If so, I could understand the possibilities...if not, they are off limits. Or, are they?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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halfhunter's Avatar
United States
530 Posts
 Posted 12/08/2012  09:33 am  Show Profile   Bookmark this reply Add halfhunter to your friends list Get a Link to this Reply

Quote:
I've pretty well ruined my own supply with 60 boxes a week, my average went from 2.6 to, as of late, .5 keepers per box. A lot of people claim they search numbers they don't really search, keep that in mind... it's human nature to embellish. We'll see, I'm moving my dumping somewhere else, I guess whomever searches there can tell you how hard their finds crater.


Man if you can drop that much out of your area a week, even better, your doing everyone in your area a favor doing that. I agree I'm sure some people inflate what they actually do.
I dump into one supply, and pick up 6 of my boxes back from it, and 8 from the other supply in town. The one I dump in is hit or miss, but when it hits its usually good. For some reason the 2 banks I get coins from that I dump into, seem to get different coins. I was doing a bunch of boxes from that supply for a while, and those 2 banks always produced different coins, then the other banks that used that supply, I could tell by marks etc... I'm probably wrong, but maybe those coins come from a different vault. Who knows its all luck really, and you gotta be in an area where the silver gets deposited into the system as well.
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Roscue2's Avatar
United States
158 Posts
 Posted 12/08/2012  11:43 pm  Show Profile   Bookmark this reply Add Roscue2 to your friends list Get a Link to this Reply
I doubt brinks, loomis,ect. cull coins. The executives of those companies aren't sitting in their 50th floor conference room looking over NYC with a presentation on how silver picking will raise profits 1%.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 12/10/2012  2:38 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
I think I proved once and for all three years ago that brinks doesn't systematically cull silver from their depositors. If they did there is no way I would have ever been able to find these

Check this out
http://www.coincommunity.com/forum/...&whichpage=1
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Owassokie's Avatar
United States
622 Posts
 Posted 12/11/2012  6:01 pm  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply
Broseph, The gun analogy doesn't really work. Apples and oranges my friend. In math, your number represents a calculation based off a set of assumptions. As I mentioned in my other post, there are certain assumptions being made which are way off base. For instance, your math assumes that Brinks processes the exact same coins every "run", as you call it above. That couldn't be further from the truth. Some times the "run" wouldn't include any of the previously processed coins. Sometimes there might be 10% or 50% or 80% the same coin as a previous "run". Ironically, the only thing we can say with reasonable certainty is that it won't be 100% of the exact same coins, which is exactly what your 'number' above assumes.

OO
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