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Going "All In" On Halves, Thoughts/Strategy?

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Valued Member

United States
174 Posts
 Posted 02/26/2014  11:25 pm Show Profile   Bookmark this topic Add LeoS to your friends list Get a Link to this Message Number of Subscribers
Okay, a year ago I got the silver half bug. I ordered two boxes and open only a few rolls and had 1/2 dozen 90%. The rest was good, I ended up with about 15 90% and 20 40%.

I've trickled through a box here and there, a roll or two when the bank has them.

I read this forum daily.

Here's my thought: If someone had the $$ resources, wouldn't it seem to be wise to order a HUGE load at once. Would this get "deep" into the "vault" of these places? If there's 100 banks within 20 miles from me, and person a buys from bank a, dumps in bank b and person b buys from bank b... well, there's a lot of recycling going on.


However, if someone had a good relationship with their bank and ordered 100, 200 boxes, would that not greatly increase one's odds to get a lot that hasnt been gone through in quite some time?

Anyone try this or give it a thought? I wonder what they'd charge for this? I am a BOA customer, and there's a major branch about 20 miles from me.

Comments?
Pillar of the Community
United States
3184 Posts
 Posted 02/27/2014  03:11 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
I have tried this but this definitely could work! Remember that a lot of people are silver mining too so pickings could be slim!
Pillar of the Community
Finn235's Avatar
United States
6130 Posts
 Posted 02/27/2014  1:04 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Back when I used to CRH at Bank of America, the tellers told me about an old man who would order 10-20 boxes of halves every week. From what I could tell, he didn't have much more success (per box) than I did. The main question is the source of your bank's halves. I live in a metropolitan area (Atlanta) and there are no banks around here that have a significant number of boxes of any denomination in their vaults--each branch has a contract with a logistics company (Brinks or Loomis mainly) to supply halves, and these companies have DEEP supplies--probably hundreds of thousands of dollars in halves.

If you have 50-100 grand to blow on an epic CRH, I say go for it. I personally wouldn't want to tie up that much cash, but it might work.
Pillar of the Community
1325 Posts
 Posted 02/27/2014  4:41 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
I wonder, if someone really has the money to get 100 boxes ($50,000) and search the 100,000 coins, wouldn't it be cheaper to just buy some silver on ebay? I am lucky to be able to get 3 boxes of halves this month (no dump bank, must use or keep them). It just isn't profitable from a silver standpoint to go through that many coins for what few you might find. It isn't like anyone with that much moeny really needs much more anyway, and other things are better investments.

The only real ay to catch all the silver is to be able to take ALL the halves from circulation, and not have to dump any or spend any. then you just pull out all the silver, and dump the rest back, or corner the market on halves and set your own price for them since you would control them all.

Also it depends on those places like Brinks/Loomis/etc as to whether they allow people working there to buy the coins they see that they want. No silver for me in any of 3 Brinks boxes, so it might be my area Brinks people DO take coins out from the process. If you end up with that situation and got 100 boxes that were already checked by other people before being sealed up, you have wasted all your time doing it.

Now those not for circulation coins might yield better results in buying larger numbers and them selling them to people for cheaper than the mint sold them, or when the mint runs out. I have found 7 silver halves, none in boxes, and about 20-30 NIFC halves.

I would honestly think if I had that much money, I would get the $50,000 worth in dimes.

@ $21/oz
dime = $1.52 silver (1530% of face value)
half 90% = $7.60 silver (1530% of face value)
half 40% = $3.11 silver (620% of face value)

Everyone is saying you can get more silver in dimes, and you can get twice as many dimes boxes than halves, and it ties up 1/5th the amount to use to keep hunting for the same amount of silver per coin size. But that is just me.

Who am I kidding. If I had $50,000 to spare I would probably get all cents in order to have a literal ton of wheats or Canadian or something like that and never be bored for the rest of my life and probably never finish them either.
Valued Member
United States
174 Posts
 Posted 02/27/2014  10:00 pm  Show Profile   Bookmark this reply Add LeoS to your friends list Get a Link to this Reply
Great points so far. The idea of going all in came up when I read all the posts about folks getting 1-10 boxes at a time. My fear is that we are searching each others dumps and occassionally getting to the back of the racks. I'd be curious to know what the local distributor has on hand at a given time in halves (Brinks, Loomis, etc). Do they have 100 boxes, 1,000, 50,000? The key would be getting as deep as possible if you could afford to do so.... I certainly couldn't.
The risk in going with dimes is that you could end up with a TON of brand new ones, but I guess you wouldn't have to unwrap them, as you can usually tell from both ends.

My theory comes from statistics. If you could play the lottery for 20 years everyday for $1, (About $72,000) your chances of winning would be exponentially better to only play one time and buy $20,000 worth of tickets.
Pillar of the Community
1325 Posts
 Posted 02/28/2014  09:46 am  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
IF, you could clean out a distributor in one area like Brinks or Loomis, then you would obviously have a 100% chance of getting all the silver they have, that isn't in question. it is jsut a matter of the amount of time and money it would take to do so. It just makes me see Auric Goldfinger walking into a bank asking for that many boxes, and the tellers having heart attacks form laughing so hard. You would have to get some from every bank in your area, which some require a business account in many places to even get boxes.

Also I think they are not boxed until ordered, so they sit around in bags like the ones shown on TV that weigh about a ton and take a forklift to move. Are halves even sold in bags also? They could have boxes you buy out, then still ahve bags to sell. I recall a bank one time getting bags of rolls of coins before the days of boxed coins and after rolls became popular enough that the banks wanted them pre-rolled and couldn't do it themselves.

Statistics proves positive results would be there, but logistics says it would take so much so much (yes said it twice because it would be that much) work to sort through. If you found a single 90% each hour, you would basically be making mini wage just sorting looking for silver.

But it is not my time or money to invest, so if someone wants to, more power to them. Just hope they don't get 71 boxes of '71s, carpel tunnel, or anything else.
Valued Member
Colles's Avatar
United States
216 Posts
 Posted 02/28/2014  11:26 am  Show Profile   Bookmark this reply Add Colles to your friends list Get a Link to this Reply
doesn't seem logical. Too much time and money.

The best way to get silver from boxes is to order 4-6 boxes from 3-4 banks daily. The more they order the more they have to dig into the vault.

Remember, even after the coins get dumped they still have to be sent out and re rolled again. So by that time you'll already have dug deep into reserves, since these coins companies keep filling your orders.
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