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Cross Pollination?

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ace_ftw's Avatar
Canada
1747 Posts
 Posted 10/13/2015  2:33 pm Show Profile   Bookmark this topic Add ace_ftw to your friends list Get a Link to this Message Number of Subscribers
People, I was wondering over the weekend as I was doing my weekly bank run (hitting 27 banks in one day) about the possibility of cross pollination.

I will explain a little more, about 2 years ago, I was expanding my CRH net, and went to a new community (few hundred thousand population) with several major banks. I was getting a bunch of silver from these pick up banks.

I starting using one bank as a dump bank (not one I was picking up from) and a totally different bank, than the ones I was picking up from.

I noticed over the past few months, I am not seeing much silver from the banks.

I was wondering if any of my dumps from one bank might end up at another within the same community. By way of either just regular coin exchanges with retailers, or by way of another CRHer picking up my dump, and re-dumping at my banks.

I know this is probably not something someone could give me hard number on, but I would assume some must float from bank to bank normally. I may also just be hitting a lull in the silver express I have been riding
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 10/13/2015  6:28 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Ace you are absolutely correct, the coin is re-circulating locally.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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n9jig's Avatar
United States
997 Posts
 Posted 10/14/2015  12:16 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
There is a limited amount of silver left "out there". With the various CRH'rs roll hunting as well as the occasional teller, cashier or customer finding them the number is ever decreasing.

Occasionally the amount of silver spikes in a small area as a collection gets dumped by a thief or out of ignorance. These coins could stay local or get sent to another area if there is a need for that style coin elsewhere.

Usually when you find several silver coins in a roll or even a box it is due to a collection dump, otherwise you will likely find a single silver coin here and there, often going several boxes between them.

In an area with active hunters the silver dries up rapidly and the same set of scud goes round and round. Some hunters mark their scud, the advantage of that is that you can get a read on the cycles. Of course a lot of people hate that a coin is marked, even if it isn't collectible. (There are tons of threads on marking out there...)

CoinStar and the like kind of change the dynamics a bit, it makes it easier for people to dump collections. They do tend however to reject silver coins but I am sure plenty make it through anyway.
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Garoyn's Avatar
United States
513 Posts
 Posted 10/14/2015  12:41 pm  Show Profile   Bookmark this reply Add Garoyn to your friends list Get a Link to this Reply
So does it really make that much of a difference in "dumping" at a different bank (not just different branch) than you pick up from?

I presume that the coins from bank A get sent to distributor/supplier (e.g., Brinks), and the distributor then rolls the coins in their own proprietary way in their own wrappers and distributes to their customer banks (like Bank A, but maybe also to bank B--your pick up bank). If the same distributor services your dump bank and your pick up bank, you likely get recycled coins (especially less popular circulators like halves).

How can you tell what distributor services a bank? I've received boxes from several different banks, and the boxes/rolls don't have the distributor name and they all look alike. or am I justin an area where there is only a single distributor? What are the distributors/suppliers? Brinks, Loomis, Garda, Dunbar . . .?
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ace_ftw's Avatar
Canada
1747 Posts
 Posted 10/14/2015  1:15 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
being North of the border, there are slight differences in the system, I think there are only 2 Churchill, and another, however this is not the issue for me, because I don't count machine wrapped rolls, for us these are 95% of the time all post 2002 coins and contain nothing (I call these Junk rolls).

Up here the Mint has something called the Alloy Recovery Program (ARP), so coins going back get searched and older coins get melted down (pre 2000)

most if not all of my pick up banks give me only CWR, so these have not been to a redistribution center.

As to marking your dumps, I have seen this, but not in that specific area. Also I don't mark my coins, or wrappers so I would not know if I was getting mine back or not. However I did start marking boxes of coins, when I take them back, just to see if by chance I get one back.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 10/14/2015  6:39 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
One would have to find out who services your district, then one would dump outside that area.

When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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