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Bags Vs. Boxes

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Pillar of the Community
eaglefoot's Avatar
United States
6326 Posts
 Posted 08/19/2008  3:29 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Bedrock of the Community
United States
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 Posted 08/19/2008  7:36 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Bags from a bank are a great idea if they have them over boxes of rolls. Boxes of rolls are usually made up from those bags by a company that runs them through a rolling machine so just one more machine the coins go through. I've had fantastic luck with bags but usually from older banks. What some banks do is take a few bags of coins and put them in the vault for a just in case they need coins. Some older banks have had those for many, many years just sitting there. In bags of Nickels I've been able to fill Albums completely of Jefferson and many Indian Heads. Unfortuanately the older bank I was getting this from is now closed due to a merger. Always try for a bag at an older bank just in case they are bags sitting in a corner for many years.
Valued Member
TimJing's Avatar
United States
346 Posts
 Posted 08/19/2008  7:48 pm  Show Profile   Bookmark this reply Add TimJing to your friends list Get a Link to this Reply
Excellent advice, just carl. I never did think of that- just one more machine the coins go through. It's a terrible shame everything in my area is so new- no more than 20-25 years old. I'd be hard pressed to find a bank older than that... maybe I should try downtown Tampa sometime I'm over in that direction.
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eaglefoot's Avatar
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6326 Posts
 Posted 08/20/2008  08:37 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
One thing to consider though, is that now, more than ever before, SILVER HUNTING has become an insane massively popular sport.......so any "bags" that you might find, may likely be "dump station" halves that the bank puts into bags that are getting ready to be "sent off". And they've already been looked through and brought in and run through the counting machines........hence the "bags".
But you know.....NOTHING is 100% when it comes to silver huntin'......you can get lucky in just about any form you choose to seek them out......IMHO.
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Silver Eagle's Avatar
United States
858 Posts
 Posted 08/21/2008  7:26 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list Get a Link to this Reply
It makes no difference whether the coins come in bags or boxes. Armored services and the FED store coins in both bags and boxes. The only difference is that Armored cash services charge banks a little more for rolled coins versus bags. Most banks now do not carry alot of cash or coin because it is too much of a liability, so whenever they need something they just order from the armored car company through which they have an account. If the armored car service doesn't have something in stock then they get it from another bank during a "swap." Banks and armored car services usuually do not like to order from the FED because of the costs associated with this. I used to order cash/coin on a daily basis from an armored service for a bank I work at, and when ordering coin you always have the option of ordering bags or rolled coins. Also, some of the larger banks have their own rolling machines so they order bags to cut down on the cost of rolled coin. But, all in all, it makes no difference whether it is bagged or rolled, you can find silver either way.
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TimJing's Avatar
United States
346 Posts
 Posted 08/21/2008  10:30 pm  Show Profile   Bookmark this reply Add TimJing to your friends list Get a Link to this Reply
Hmm... these are all very interesting perspectives. Thanks eaglefoot and Silver Eagle.

Now the only question that remains is... has anyone here had any great luck with bags as I've heard they've had with rolls?
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