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Replies: 58 / Views: 9,237 |
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Pillar of the Community
United States
593 Posts |
I picked up my final outstanding orders of half dollars today ( I cancelled all further orders ) 9 boxes in a row of garbage. Also 5 in a row $500 boxes of dimes all garbage These are all coins from BofA I believe all from Brinks. Question is Brinks now using technology similar to the Coinstar machines to screen out foreign coins? Does anyone even know given the secretive nature of this company? On the good side I have switched entirely to customer wrapped dimes with good results 6 silvers in 2 days I used to find a minimum of 1 Canadian or other foreign coin in my plastic wraps now not even any of these
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Pillar of the Community
 United States
593 Posts |
I forgot to ad after " screen out foreign coins " and silver coins
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Valued Member
United States
95 Posts |
I have often wondered the same thing. I don't see why they wouldn't be; it makes sense from a business point of view. If a person can sort copper pennies from zinc pennies, then I would have to say that it is very likely Brinks would be sorting silver from clad. Just my thoughts though.
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Valued Member
United States
110 Posts |
I've wondered the same thing. I've been searching rolls for a couple of years and I don't remember the last time I found silver. I've just about given up, but the pull of the hunt gets me from time to time. I guess I'm an optimist at heart.
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Valued Member
United States
114 Posts |
I don't think Brinks is pulling Silver but I know Loomis is
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Valued Member
United States
114 Posts |
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Pillar of the Community
United States
1200 Posts |
Welcome to the club. I've gone through over 40 boxes of halves without seeing a single silver of any type or vintage. I think the local pool of halves in my area has long since been sucked dry of silvers and CRH for silvers in my area is wasted effort.
I bought a supply of flat wrappers so I'm going to use them all up, but after they're gone I'm hanging it up.
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Pillar of the Community
United States
4333 Posts |
There is no proof that these companies are culling silver, and they do not own the coin they are handling, so how would this be possible? Besides, no one has been able to provide hard evidence of culling for as long as I've been roll hunting.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
United States
107 Posts |
Just because there is no evidence, doesn't it make it true. At some point you have to give in to the number. How many boxes must one search before it would be considered logic rationale that they are culling?
Just because it is not Brink's money, doesn't mean they can't cull it. They would just need to replace anything found with an equivalent amount. With the profit margins on silver, it would be silly for them not to cull in my opinion.
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Pillar of the Community
United States
1200 Posts |
There may be more likely probabilities than the Evil Brinks Conspiracy Theory (although I don't rule that one totally out).
Consider... If you live in an "isolated city" area (like Harrisburg PA, Binghamton NY, Plattsburgh NY, Montpelier VT, etc), the overall area you live in - city plus surrounding suburbs - has a pool of circulating coin that's probably pretty stagnant. Major amounts of existing coin don't leave the area, and major amounts of other old coin don't get shipped into the area (unless you have a giant tourist attraction of some kind locally).
Into this stagnant pool of circulating coin, throw a generous number of rabid CRHers with lots of spare time. Inside just a few years, those CRHers will probably have almost totally depleted the local coin pool of silvers.
Many years later, new CRHers (like ME!!) enter the scene. They go through dozens of boxes of halves without ever finding even one measly silver, get very discouraged and (I think naturally) start suspecting the worst of Brinks, etc.
Brinks & etc may or may not be guilty of whatever they are or aren't guilty of. But - I think the discouraging lack of silvers that CRHers face these days is more likely due to the fact that in the 40+ years since the last silver coins were minted, people have removed almost all the silvers from the coin in circulation.
Don't misconstrue what I'm saying - silvers are still out there and you can still find them. But - there are very few of them and the frequency with which you'll find them is almost nil (like my having searched over $20K of halves and finding zero silvers). Circulating silver American coins are an endangered species and they're getting closer and closer to disappearing with every passing year.
If my experiences are even remotely close to typical, don't plan on building a big silver coin collection out of what you'll find in circulation in the USA today.
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Pillar of the Community
United States
4333 Posts |
This has been discussed for over five years that I've been actively roll hunting. No proof has been introduced regarding culling by the rolling facilities. The amount of roll hunters has increased tenfold. That's why the silver count is slim.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
4333 Posts |
Quote: Brinks & etc may or may not be guilty of whatever they are or aren't guilty of. But - I think the discouraging lack of silvers that CRHers face these days is more likely due to the fact that in the 40+ years since the last silver coins were minted, people have removed almost all the silvers from the coin in circulation.
Don't misconstrue what I'm saying - silvers are still out there and you can still find them. But - there are very few of them and the frequency with which you'll find them is almost nil (like my having searched over $20K of halves and finding zero silvers). Circulating silver American coins are an endangered species and they're getting closer and closer to disappearing with every passing year.
If my experiences are even remotely close to typical, don't plan on building a big silver coin collection out of what you'll find in circulation in the USA today. I thought the same thing back around 1980 or so. I'm finding more silver now than I did then. It's constantly being dumped back into the system. Belief in silver culling is a bit like religion to me. Either there's faith, or there's not.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
United States
71 Posts |
Seems like once a month someone who has some crappy boxes pulls out the culling silver conspiracy theory. If every box had silver, everyone would be searching at these silver prices. If Brinks is culling silver, they are doing a crappy job of it. Brinks is the only company I can get boxes of halves from and I still find silver in some of them.
In my area the dimes are horrible, but not because Brinks sorts out the silver, it's because they pick up the Coinstar coins which rejects the silver ones.
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Pillar of the Community
United States
622 Posts |
Fistfull, I guess your 'faith' perspective is one way to look at it but understand that the same principle would apply to someone that's new to roll searching. They don't have proof that there's silver in bank boxes. They have faith based on others experience and common sense that boxes from the bank will have silver.
I don't really look at it that way. Even though there is no proof they will find silver, I wouldn't call it faith because there are enough experiences to reasonably assume it to be true. Same thing with the brinks dimes in my area.
I've discussed this many times. I believe there is some 'culling' but its clear that Brinks, the company does not cull silver. There are many people who are successful with brinks. I personally have been successful with the brinks halves. There are regions/areas that people are reporting no silver. Most of the time, it's someone new to CRHing and they've looked at a few boxes and come to the conclusion that someone is culling them. I've searched between 22 and 27 boxes of clear brinks dimes. That's at least 110,000 dimes without a single silver rimmed silver dime. That's enough for me to reasonably conclude that someone is culling the silver rimmed dimes before I get them. For the record, I've searched probably 50 boxes of S&S wrapped and would say I average about 1 per box. YMMV
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Pillar of the Community
United States
622 Posts |
One more thing. Some people envision silver drying up or that there's some stock-pile of silver setting at the bank/Fed that's disappearing with time. That's not the case. We basically just pass searched halves back and forth between roll searchers. We find silver when someone dies, when someone gets desperate for cash, a thief steals a collection, or little johnny gets in to Grandpa's stash. The silver we find are the silver that make it past the tellers and in to the courier system. As mentioned earlier, the silver finds will ebb and flow based off the time of year and the number of people that are enjoying our hobby. With people like fistfulladirt finding more dimes today than thirty years ago, there's no reason to believe anything is 'drying up'.
OO
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Pillar of the Community
1751 Posts |
There is no distributors that I know of that cull silver. It's all luck, and as someone else mentioned, local areas have local distribution... if one person like me needs to move coin out of his turf, and decides to take a road trip to your turf, you might be going through 20-30-40-50 boxes of my rejects.
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Replies: 58 / Views: 9,237 |