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Does The Fed Reserve Have Old Coins? Or Only New?

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Broseph's Avatar
United States
979 Posts
 Posted 07/21/2012  01:50 am Show Profile   Bookmark this topic Add Broseph to your friends list Get a Link to this Message Number of Subscribers
The teller at the bank said they could order halves from the FED res, but that it would most likely be new stuff, not what I'm looking for. Is this true? How should I go about searching halves?

Thanks all!
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ErrorCoins222's Avatar
United States
1699 Posts
 Posted 07/21/2012  02:16 am  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list Get a Link to this Reply
I would say, they mostly have circulated coins, But they do handle all of the new coins that enter circulation. It may be true that you would get new cents, nickels, dimes, etc., but more than likely you will get circulated halves as they are currently nifc. You will receive circulated halves if you order them.
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Broseph's Avatar
United States
979 Posts
 Posted 07/21/2012  11:55 am  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
Awesome! I should have them order some!
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biokemist6's Avatar
United States
12437 Posts
 Posted 07/21/2012  4:06 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
New stuff? Half dollars were last minted for circulation in 2001, that will be as new as it gets. I would have to guess that the teller is unaware of that fact.
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Broseph's Avatar
United States
979 Posts
 Posted 07/21/2012  9:41 pm  Show Profile   Bookmark this reply Add Broseph to your friends list Get a Link to this Reply
Yes, it seems she was!
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Owassokie's Avatar
United States
622 Posts
 Posted 07/26/2012  1:30 pm  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply
Broseph, You'll learn that many tellers providing info about crhing are bending the truth. They have experience with CRHers. They don't like ordering/carrying/sorting half dollars. If they can give you a little bit of discouraging news to get you to go to the bank next door...some will do it. I have yet to walk in to bank and the teller say "You're at the right place if you want collectible halves...we've had people order from us that do really well". Now after you establish a relationship with a teller or two, they may give you the real low down. But if a teller goes to volunteering information to a costumer she doesn't know...take it for what it is.

OO
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 07/26/2012  6:49 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
You aren't receiving your coins from the Fed when you order. In most cases, they come from a (local) courier such as Brinks, that does their own rolling and distribution.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
07/26/2012 6:53 pm
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jason13's Avatar
Canada
34 Posts
 Posted 07/30/2012  7:14 pm  Show Profile   Bookmark this reply Add jason13 to your friends list Get a Link to this Reply

Quote:
You aren't receiving your coins from the Fed when you order. In most cases, they come from a (local) courier such as Brinks, that does their own rolling and distribution.


Most of the time that the employees do the rolling they likely would just pick out the silvers for themselves and exchange them with the wade of dollars they keep on them for those kind of currency exchanges.

I am sure that as long as the right count of money is sorted Brinks could care less what coins their employees keep for themselves.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 07/31/2012  08:52 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Most of the time that the employees do the rolling they likely would just pick out the silvers for themselves and exchange them with the wade of dollars they keep on them for those kind of currency exchanges.

I am sure that as long as the right count of money is sorted Brinks could care less what coins their employees keep for themselves
The employess don't roll the coin, machines do. Brinks security does indeed care what their employess do and they must follow strict rules at their facility. Until someone here provides proof that Brinks culls silver, the idea is just plain poppycock.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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BernieZ's Avatar
United States
713 Posts
 Posted 08/01/2012  01:02 am  Show Profile   Bookmark this reply Add BernieZ to your friends list Get a Link to this Reply
Poppycock? Balderdash? I hope so.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 08/01/2012  12:47 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
Yea the employees pick out the silver for them selves. I buy it from spot from a local banker. he recently got two rols of halves mostly walkers for FV.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/01/2012  2:06 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Yea the employees pick out the silver for them selves
So you know that as fact? Can you please provide info other than gossip, I've been interested in this subject for a while.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
08/01/2012 2:08 pm
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silvercoinrn's Avatar
United States
863 Posts
 Posted 08/01/2012  4:34 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
they dont pick it out of the fed rolls. they do look through the CWR at a bank I go to.
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BernieZ's Avatar
United States
713 Posts
 Posted 08/01/2012  5:45 pm  Show Profile   Bookmark this reply Add BernieZ to your friends list Get a Link to this Reply
The tellers definitely don't all pick through the rolls and coins that come in. Many don't know anything about coins whatsoever. Many are very young or from a foreign country.

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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/01/2012  5:58 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Wow the cluelessness abounds here.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/01/2012  6:03 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Hope I didn't offend, but from the posting here no one seems to know from where coins are distributed to banks, who the fed is, and they don't seem to realize that Brinks hires highschoolers in the summer to cull silver.

LOL!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
08/01/2012 6:04 pm
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