An interesting bit of programing that allows very high speed imaging and sorting of coins by denomination and date (4-5 coins per second). I could see this going into any company that handles large amounts of coinage to pull out better dates and silver for resale. Imagine going through a $1000.00 FV bag of quarters (4000 coins) in under 15 seconds and knowing exactly what date and mint marks are in the bag. Don't know how easy it would be to add to coin counting machines, and to add a rejection tray for certain coins to be separated. But it sure is futuristic technology.
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The site is touting this as being more "fun" and "delightful" for kiosk (i.e., Coinstar-type) users, who are (or can be) "rewarded" for older/more valuable coins. Marketing BS but, whatever. "OOh, do I get a virtual badge for turning in 200 wheats or 10 War Nickels?!"
While I think the technology is cool and amazing, it could be bad news (as nickelsearcher suggests) for CRH if this is even remotely affordable tech. Hobbyists would have far less of a shot than we do even now. It's like fishing the oceans dry. There's only so much out there and no one's putting back in.
In fact, now that I think about it, they've designed themselves into obsolescence if their product actually works.
Personally I can not see a bank using this tech to sort better dates. Any profit could not possibly counter the cost of paying an employee to process the coins and sell them. Just does not fit a banks model of operation....imho
I'd agree, it doesn't fit banks or other business best interests to pay someone to monitor and observe these. But I'd also agree that if it becomes affordable for individuals, it could put a big dent in the hobby of roll searching for coins.
As for no new coins and "fishing the ocean dry" there are new/old coins entering the chain. I don't know where from, but for example, people have been picking Silver War Nickels since the 70s. And I just finished a box of nickels and found 2. A year ago I went through a mint box and found 20. So yes, there are less, but where do these come from?
I think change jars, drawers, breaking up collections, and I fear thieves who just want the cash, and dump the goods into a coin machine. Maybe there are some other theories, but where else would a silver quarter or dime arrive in change? It's been 50 years. I don't think that Standing Liberty quarter, was just circulating all that time.
Lets hope that people who count coins, (banks or parking meters or coinstar) don't care enough to pay for the technology to ID key dates or silver coins.
with your sentiment about new/old coins entering circulation, I have also been finding nice looking old coins recently which look as if they only enetered circulation recently...
I doubt banks and companies that sort , collect and process coins are too interested in varieites, silver and key dates which is good for CRH`ers Its most likely that banks and companies like Brinks view coins as commodity kinda like how supermarkets view baked beans hence they probably wont fish the ocean dry as a result of this development....
One thing that this technology could be used for by banks etc would be to remove foreign coins in circulation...
Quote: I think change jars, drawers, breaking up collections, and I fear thieves who just want the cash, and dump the goods into a coin machine...
That's true. I guess for the foreseeable future, as change jars are dumped and collections get raided, broken up, spent, inherited and squandered, etc., there will always be some returning to circulation. I tend to think that in general, the amount being pulled out is greater than the amount going in though. Especially as the population ages and fewer folks have jars of change laying around with silver and wheats in them. I just can't see how most silver will end up in collections/hoards or in the junk silver market. Same with wheats.
Quote: nothing beats doing it by hand and not every CRHer could afford something like this
Well said. There's a dedicated CRH forum for a reason! I happen to enjoy it myself, though I've never found any silver but War Nickels. It's still fun and a good way to multitask during a ball game.
CelticKnot I really can't disagree, it's just my personal opinion that there's not all doom and gloom, but I agree with you, that there's less and less re-entering all the time.
I got started collecting Jefferson's on a bet. (by the way, I spend wheat cents, or dump them into coin machines. I really don't get excited about copper.) Hope that makes someone else happy.
I was in Elko Nevada, late 90s, before the TITO machines, and the bet was, who could find the most different Jefferson nickels from the machines. Loser bought a prime rib dinner. Fairly friendly and you could get coins from the machines.
Also during March Madness, so just like others, while doing something else, like watching a basketball game, I was sorting through buckets of nickels.
I bought a set of Whitman folders for each of us, and the challenge was off.
I don't remember how many total, but I did win by a few, and started collecting Jefferson's from circulation. Finished one book and started another.
Searching rolls is good cheap entertainment, and except for what I pull out, everything else holds it's value much better than pretty much everything else in life.
Last mint box I found no 1930s (but that's a short decade), 20 1940s / 2 war, 16 1950s. I don't pay attention to numbers after that. I could probably make a joke here about how many 1964s that look like silver but aren't?
Oddly, now that it's years later and I'm only concerned with filling Book One holes, I haven't found any 2009 coins yet? Odd at best.
If the machine IDs and gives points, the problem is, it doesn't allow me to keep them. I wouldn't want that. How much would I hate seeing a 1950-D go past on the screen?
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Posted 09/30/2014 6:51 pm
An interesting bit of programing that allows very high speed imaging and sorting of coins by denomination and date (4-5 coins per second). I could see this going into any company that handles large amounts of coinage to pull out better dates and silver for resale. Imagine going through a $1000.00 FV bag of quarters (4000 coins) in under 15 seconds and knowing exactly what date and mint marks are in the bag. Don't know how easy it would be to add to coin counting machines, and to add a rejection tray for certain coins to be separated. But it sure is futuristic technology. 
This could bring CRH to an all new level ...
Its most likely that banks and companies like Brinks view coins as commodity kinda like how supermarkets view baked beans 
