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 Replies: 18 / Views: 3,542 |
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Valued Member
United States
132 Posts |
Hey Everyone, I have been searching through boxes for about a year and a half and mostly search for wheats, coppers, and some verities. I usually average about 10 - 15 or so coppers per roll, and usually about 20 or more wheats per box.
I just searched through a Brinks box over the past few days, and I found nothing, not even 1 copper cent. It had all years through 1982 - 2012, but non of the 1982's were copper.
Could this be a coincidence or bad luck? Or is Brinks looking through them now?
Thanks
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Pillar of the Community
United Kingdom
4208 Posts |
Perhaps someone took all the coppers out of enough lots to make an entire rolling run copper free. Having said that, it would be a silly idea for brinks to not take copper pennies and silver coins. It would cost a good few thousand for each branch to get the machinery, but the returns would be worthwhile.
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Pillar of the Community
United States
4897 Posts |
I cant imagine how this would be cost effective for Brinks. The silver perhaps a case could be made. There is no return on the copper. They simply cannot melt the copper so storage of hundreds of thousands of pounds of cents hoping that one day they may be able to scrap them seems ludicrous to me.
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Pillar of the Community
United States
950 Posts |
Brinks wouldnt have to store them for the future.. but instead they could sell them to collectors and make a profit right away. It happens all the time on a smaller scale by individuals and other companies.
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Pillar of the Community
United States
3345 Posts |
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Bedrock of the Community
Australia
21786 Posts |
Unless Brinks have invested in sorting machinery, it wouldn't be worth their labour to go looking.
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Pillar of the Community
United States
950 Posts |
I would agree with rachums though, this is most likely a coincidence.
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Pillar of the Community
United States
597 Posts |
brinks turns on the machines that pull out copper for very wealthy clients that order copper cents per $10,000 or more for a fee.
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Pillar of the Community
United States
4897 Posts |
Bold statement reupman....proof or conjecture?
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Valued Member
Canada
271 Posts |
It seems to happen here in Canada too... I once searched a $25 box that had very little copper, maybe just 10 or 20 coppers in half of the box. When I got near the end, I just wanted to stop... The last 2 rolls were solid wheats, mixed in with a few BU 1997 LMC's. Made my day! |
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Pillar of the Community
United States
1200 Posts |
 I have to go with wrong pickup time/place. Probably some other CRHer did a 20 or 30 box dump (as I and many others have been known to do), the dumped coin got rewrapped+reboxed without getting effectively remixed with other coin and you got wazooed. That is truly awful. I sympathize and offer my sincere condolences. The cost to Brinks+Etc of mining copper out of circulating coin would be excessive and the return would be dismal. It'd be a losing proposition, so I totally doubt they're doing it. Besides---they don't pay their people anywhere near well enough to maintain silence for Benevolent Mother Brinks or anything like that. If they were mining silver or copper, the news would've been getting screamed from the highest towers long before now. The bank where you got that box may be a major dumpsite. You might do well to pick up elsewhere and dump there (which I suspect others are already doing). Nonetheless---whatever you do or don't do---here's hoping that doesn't happen to you again. Best of luck with your future CRHing. |
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Moderator
 United States
14463 Posts |
I would bet Brinks has something like a Coinstar machine, and don't those pull silver coins as rejects  I think its possible to make the tolerances high enough to pull copper cents as "rejects". Then someone may be looking through each reject pile for scrap metal, and the silver and copper cents just are a byproduct of the search. Edited by Fuzzy317
01/16/2013 6:44 pm
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Valued Member
 United States
132 Posts |
Thanks for all your responses. It was difficult getting through that entire box. I hope I don't find another one like that.
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Valued Member
United States
158 Posts |
Fuzzy, are you suggesting that an employee of Brinks is going through the coins for their own personal gain? The security at companies such as Brinks is very tight. The idea that an employee would be allowed to take out coins for their own gain would mean that the company would be taking a risk of said person stealing money. We are not talking about a Mcdonalds cashier being allowed to take out the rare silver dime. We are talking about a person working in a warehouse were thousand of dollars a day of coins are sorted by machines each day. I seriously doubt Brinks would take a chance like this just to make an employee happy. Without a doubt the employees working said warehouses are not allowed to even enter the facility with pocket change, and must pass through metal detectors every time they leave the facility to make sure they are not taking out even a penny. It might sound silly, but if you were caught going out of the facility with a penny that security knows you didnt come in with, you would more than likely be fired on the spot for stealing. These companies do not play games when it comes to their money.
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Moderator
United States
14463 Posts |
Roscue2,
I wasn't suggesting an employee was getting the silver/copper coins, just saying that it is possible that Brinks (the company) could have processes to pull the silver/copper coins.
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Pillar of the Community
United States
2224 Posts |
What is likely going on is somebody (or multiple somebodies) in the district served by "The Fed" in your area is running massive amounts of cents through a Ryedale to pull the copper. The zinc cents get returned to multiple banks in the area, which in turn ship them back to Brinks for re-rolling. There are people that deal with massive amounts of cents; see this ebay lot as an example: http://www.ebay.com/itm/2-000-Lbs-o...em43b397f0ef |
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Replies: 18 / Views: 3,542 |
Posted 01/16/2013 11:26 am
