Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Shop for APMEX Bullion on eBay!Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Big Dump

To participate in the forum you must log in or register.
Author Previous TopicReplies: 1 / Views: 1,411Next Topic  
New Member
bobafett's Avatar
United States
29 Posts
 Posted 04/03/2013  09:28 am Show Profile   Bookmark this topic Add bobafett to your friends list Get a Link to this Message Number of Subscribers
I have a system for my dumps. I went to multiple banks to get rolls from Garda, Loomis and Brinks. Long story short Garda had the most silver, NIFC, and pre 1960 coins hands down. I am have been dumping at brinks. By using different services will they end up in the same massive pool or does each company (ie brinks) have their own pool. I have searched on this but didn't find anything?

Thoughts or links to read up on how these are processed after I dump them?
Pillar of the Community
Owassokie's Avatar
United States
622 Posts
 Posted 04/03/2013  10:10 am  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply
Unfortunately, the answer is, it depends. Each courier has multiple facilities. Each facility will hold a certain amount of coin. In Oklahoma, I believe most all rolled coin comes from a facility known as 'OKC' which is in Oklahoma City. I'm guessing the facility is owned or managed by a major Oklahoma bank but multiple couriers rent/work/contract out of that facility. Many of our banks will tell you you can only buy in $1000 bags, which are simply bags off a random banks coin machine. Other coin is rolled at the OKC facility and transported to banks and other facilities.

So all regions have their own way of doing things. And even if you figure out their typical process, it will change as soon as one facility runs out of coin. Looking at a few boxes really won't tell you anything in my area. I've had a box with hundreds of silvers followed by a skunk streak of over 40 boxes, from the same bank. In my opinion, the most important reason to keep dump and purchase banks separate, is to maintain a relationship. They may act like they are ok with it(the buy/dump in the same bank) because they are taught to be customer oriented. But when upper level management sees an increase in courier costs, they will find a way to stop you or make you pay for it. This may or may not apply to large national banks.

Disclaimer: Everything above is an opinion, even if it sounds like I'm presenting it as fact. It represents my experience and perception of information gathered over the last few years.

OO
  Previous TopicReplies: 1 / Views: 1,411Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.18 seconds to rattle this change. Forums