| Author |
Replies: 28,008 / Views: 2,315,746 |
|
|
|
Valued Member
United States
381 Posts |
Do you know what the inspection stamps mean? Who does the inspections? Are the boxes without stamps better?
Sorry for the questions. I know there is probably no way of actually knowing the correct answers. I will take an educated guess if someone has one.
|
|
Pillar of the Community
United States
1024 Posts |
the boxes are manually folded, sealed and verified to be the accurate $$$/rolls. they have to have someone to blame when a bunch of boxes end up shorted or whatever.
|
|
Valued Member
United States
381 Posts |
If the inspection stamps are just for quality/count accuracy, how is it that most of the boxes will result in low to non-existent silver finds? Is it just a coincidence? Do they count every coin, and then re-roll them. Removing all the "good" coins?
Also, are they checking the counts because of complaints? I have never complained to the bank when a roll is short. I also never tell them when one is over. In my opinion, if the banks get too many complaints of short rolls, they will stop handing them out. If I get too many short rolls from a particular branch, I just don't pick up rolls there any more.
|
|
Pillar of the Community
United States
1024 Posts |
the depository has the machines to roll and box up coin. anything coming out of the depository for delivery has to be quality controlled. otherwise the boxes without stamps originated from the fed and are almost always unsearched stockpiles. when depositories are receiving a lot of coins from deposits, they have no need for the fed to replenish their inventory. that's why you will see the stamped boxes having little to no silver. they are mostly recent dumps and are being counted and shipped right back out to customer orders.
this is what is happening to me now. I had a full year of mostly fresh boxes and pulled my fair share of silver. recently a new local hoarder started to volume hunt/dump $60-70k a week back into the system and now the depository is overstocked with the searched dumps. they ordered many boxes to cover the deliveries until the dumps caught up and they have no need to order fed boxes for months or more. I haven't seen a fresh box in 2 months now.
|
|
Pillar of the Community
United States
4333 Posts |
It's all really just random as far as finds go. Also, I almost never count my $500 bags before I return them, and I've dumped a hundred grand in coin. Never once a complaint on count, and in the case of dimes, you know rolls (cwr) are under count. Vault teller says that armored company allows a certain percentage of count to be under (or over).
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
|
|
Pillar of the Community
United States
1024 Posts |
Boxes 521-524 3rd week in a row, 4 boxes, 1 silver. mostly marked redumps. this week got 4 yellow flats w/ yellow wraps. stamped on bottom. all junk. 1969d1974s proof/junk 1995d/1995d double obv magic coin time for me to move on from halves. it's turned into a real cluster(fill in the blank) since the volume dumps started and now the depository has all the searched and sprayed halves they need to supply the city for months. this has happened before and will pass eventually but with the $$ amounts that he has put into this system it will take a lot longer to work itself out, especially if it continues. hope to be back soon with some good photos for everyone to  over, til then good hunting, keep up the luck of late so I have something to read now and then. and keep your routines, it seems to be working well for many of you lately. persistence and patience will prevail. later btw, how do I park my account? or will it stay alive til I close it.? don't plan on posting much but will be around.
|
|
New Member
United States
23 Posts |
Bish, you are right on. That answers my questions of why I've never found my marked coins in boxes without stamp and why boxes with stamps always underperform.
|
|
Pillar of the Community
United States
2759 Posts |
Searched $1700 of halves and finally got my first silver! a 40%.
|
|
Valued Member
United States
381 Posts |
Bish, thanks for the detailed information. Sorry to see you taking a break. I completely understand. I have enjoyed logging on to see your great finds.
|
|
Pillar of the Community
United States
1024 Posts |
I've had a good 2 day run of nickels so i'll be on those for a while. 2 39's and 5 43's in last box of plastic rolls. most silver I've found in 3 weeks. i find the nickels to be a bit more fun anyways. i appreciate the comments and will be around here somewhere.
|
|
Valued Member
494 Posts |
BISHFTL!! You sure as heck inspired this guy! Every time I see you sig pop up I knew I would either be drooling over your finds or gaining much needed, quality, information.
Don't be a stranger... you might get me searching nicks now... Geeez!
|
|
Pillar of the Community
United States
787 Posts |
Like I have said before, it is just childish to spray paint half dollars. It is simply juvenile.
A pink, orange, red, or green Sharpie can help mark coins just as easily and in a manner not as destructive as the paint. One can create their own, unique mark which can then be removed with some acetone later if need be by another searcher.
Sorry for getting up on the soap box, but it is just inexcusable to paint half dollars to simply identify them as yours later. Now, if you care really good and paint them for resale that is another creature entirely.
|
|
Pillar of the Community
United States
787 Posts |
Bishftl,
You are a key person here and we do not want you to go too far. After seeing your posts, I decided to try halves and still wish I could do so but the bank has stopped ordering them.
Aa for nickels, they can be interesting. Personally, I will likely start hitting dimes until I can find a bank that will order halves.
|
|
Pillar of the Community
United States
1024 Posts |
try B of A. They usually have the largest vaults for storage.
|
|
Pillar of the Community
United States
4113 Posts |
bishftl,
Good luck with your other denominations!
Pleasure reading your finds/posts and I look forward to your return on the halfs!
* I'm a glutton for punishment and will continue doing my 8 boxes every week, despite the "MEATBALL" in the AC area spraying all of these JFKS!
Chuck.
|
| |
Replies: 28,008 / Views: 2,315,746 |