more dismal news

[jewelerdave]

Just did the Denver Gem jewelry and gold show.

As always a couple guys from Loomis come by and sell me the finds they pull from the bags they get.

in the past they have had amounts of silver in the hundreds of dollars face.

this time

4 %90 halves.
3 %40 halves.
$8.50 face in silver quarters.
$7.30 face in silver dimes.

two canadian silver dimes and an 1851 large cent and a dime sized 18k gold charm, 1.2 grams.

This was the first time in 3 months I had delt with them. They commented on how little there has been. With the skunk boxes i have had lately too, I agree.

Some scores are still out there I am sure. but the random is sadly less and less. Even one of the tellers at one of my good banks searches the bags now and just sells me the coin out side of work...I had a feeling this would happen. word gets out on the internet. more people do it. tellers get suspicious and investigate. And as such. a generation will have to go by before there is a chance of depopulation of random odd silver...if we are still using coins by then.

Enjoy whats left while it lasts...and remember the good old days of silver in every box.

 

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[sshafer11]

The end might someday come. But then again it seems like many people already CRH against horrible odds and still find stuff. I personally have noticed that almost any day that I hunt volume over $500 I will score something. The days finding silver vastly outweigh the days I don't for me. I see no reason to say CRH is close to its end. Especially in a down economic time when people are cashing coins like crazy.

 

[$ilver$urfer]

The end might someday come. But then again it seems like many people already CRH against horrible odds and still find stuff. I personally have noticed that almost any day that I hunt volume over $500 I will score something. The days finding silver vastly outweigh the days I don't for me. I see no reason to say CRH is close to its end. Especially in a down economic time when people are cashing coins like crazy.

+1

HH,

$ilver$urfer

 

[captainfwiffo]

I still see a steady trickle from dimes, and I still find Buffalo nickels and some war nickels, but halves are not worth the bother. I'm just going through the motions at this point; I don't expect to even find enough to pay for my gas money - and I do coin roll hunting by bicycle. I was pretty excited just to get one NIFC in my last lot, because it filled a hole in my album.

 

[diggummup]

Something doesn't sound right with those numbers. I mean they find 34 silver quarters and 75 silver dimes (incl. the 2 Can.) and yet they only find 7 halves. That doesn't sound right at all. Even if 99% of the silver had been culled out of circulation in half dollars, the ratio between silver halves and silver dimes and quarters would still not be that high. I don't know.

 

[$ilver$urfer]

Something doesn't sound right with those numbers. I mean they find 34 silver quarters and 75 silver dimes (incl. the 2 Can.) and yet they only find 7 halves. That doesn't sound right at all. Even if 99% of the silver had been culled out of circulation in half dollars, the ratio between silver halves and silver dimes and quarters would still not be that high. I don't know.

+1

I was thing the same thing, unless of course they just happened to stumble across silver quarter and silver dime dumps, which I guess is totally possible. I find way more silver halves and dimes than quarters, be it in teller trays or rolls but I must admit I don't search quarters very much at all.

HH,

$ilver$urfer

 

[$ilver$urfer]

I still find silver week after week but then again I search through a lot of coins (5K-6K weekly). When the negatives of hunting outweigh the rewards (silver finds and fun) I will hang up my canvas bags. However, until then...

HH,

$ilver$urfer

 

[captainfwiffo]

That seems like too many quarters, but the ratio of dimes to halves is not far off from my experience. Halves have been hunted to virtual extinction and aren't the best thing to search any more (at least, not in my area).

 

[Bigheed]

interesting that they are culling it even. Does Loomis setup deposit accounts with the vendors they pickup from?

I talked to a couple of the major carriers here in LA (brinks, garda) and they said its illegal for them to cull silver because they don't own the coins, they are just a processor.

Loomis must actually take possession of them and credit the vendors accounts somehow?

What state is this in, maybe the laws are different? I'm not sure if its a federal law or the state of CA law, but they're not culling here if they are just a processor.

 

[Generic_Lad]

Everyone has been saying that CRHing is coming to an end and have been saying it for however long CRHing has been going on (most likely from the early 1900s). In the past few weeks I've seen more Barbers pulled from rolls than I have the past year on this forum. Someone recently got a seated and a few weeks ago someone even pulled out a capped bust! CRHing hasn't dried up, it has only changed. Yes, it used to be that you could get a box and almost always find silver in it. Those days are gone. But that doesn't mean that there is less silver, only that you either need to do more volume or hit loose halves or CWRs. There really isn't any less silver being pulled out of circulation here than it was back in the mid-00s when it was started, the difference is where and how it is located. You've got to build a reputation with the tellers now, you've got to go to a lot of banks now or you've got to have a great dump bank and start searching more boxes per week.

The game has changed. The finds really have not.

 

[jewelerdave]

interesting that they are culling it even. Does Loomis setup deposit accounts with the vendors they pickup from?

I talked to a couple of the major carriers here in LA (brinks, garda) and they said its illegal for them to cull silver because they don't own the coins, they are just a processor.

Loomis must actually take possession of them and credit the vendors accounts somehow?

What state is this in, maybe the laws are different? I'm not sure if its a federal law or the state of CA law, but they're not culling here if they are just a processor.

My outfit is in colorado. I am sure the rules and systems are different as I have been buying from these guys for years with no problems.

As anyone who knows silver knows all you have to do is listen, When they hear the tone change they stop and pick. hence all the quarters I think I have only found 2 quarters myself ever. But when someone dumps a roll in a machine that's all it takes. easy to hear. I know they dont find everything because of the speed they do it, but coin coming in has also been slowing down...expect for halves as most of what they get is dumps.

I have been told stories of pallets in the basement of the fed reserve when they have had shortages. they go in to pick up a couple now and then. Of course they could not evaluate the feilds of coin boxes. I was told they have a lot of old stuff in the back. including bags of Ikes...I can only imagine what may be back there. I think most CHR are only touching the top 10% of what is out there. It would take massive circulation of halves again in order to get too those deeper pallets. Some of are from the 60s and 70s

Could you imagine if you got a bag of solid silver, no matter if it was all the same date or a mixed bag. that would be something, At one of the coin shows a lady came in years ago with a bag of silver dollars to sell. when asked where she got them she said the back downtown. When asked when she said in the early 60s. the dealer that got the bag was very happy with what he got out. A time capsule.

 

[$ilver$urfer]

interesting that they are culling it even. Does Loomis setup deposit accounts with the vendors they pickup from?

I talked to a couple of the major carriers here in LA (brinks, garda) and they said its illegal for them to cull silver because they don't own the coins, they are just a processor.

Loomis must actually take possession of them and credit the vendors accounts somehow?

What state is this in, maybe the laws are different? I'm not sure if its a federal law or the state of CA law, but they're not culling here if they are just a processor.

My outfit is in colorado. I am sure the rules and systems are different as I have been buying from these guys for years with no problems.

As anyone who knows silver knows all you have to do is listen, When they hear the tone change they stop and pick. hence all the quarters I think I have only found 2 quarters myself ever. But when someone dumps a roll in a machine that's all it takes. easy to hear. I know they dont find everything because of the speed they do it, but coin coming in has also been slowing down...expect for halves as most of what they get is dumps.

I have been told stories of pallets in the basement of the fed reserve when they have had shortages. they go in to pick up a couple now and then. Of course they could not evaluate the feilds of coin boxes. I was told they have a lot of old stuff in the back. including bags of Ikes...I can only imagine what may be back there. I think most CHR are only touching the top 10% of what is out there. It would take massive circulation of halves again in order to get too those deeper pallets. Some of are from the 60s and 70s

Could you imagine if you got a bag of solid silver, no matter if it was all the same date or a mixed bag. that would be something, At one of the coin shows a lady came in years ago with a bag of silver dollars to sell. when asked where she got them she said the back downtown. When asked when she said in the early 60s. the dealer that got the bag was very happy with what he got out. A time capsule.

So cool to think that there are still pallets of the good stuff sitting around in vaults all around the USA. My hope is that we return to sound money again and there is a bill that is passed that states all vaulted coins must be put back into circulation immediately. Banks would order hundreds of boxes of half dollars and they would be used by the public at large once again. Then we would find more silver that we would know what to do with.

I heard somewhere that a coin lasts about 40 years in circulation but a bill only lasts 2 to 3, can anyone verify this claim? Makes sense to me.

HH,

$ilver$urfer

 

[Gilmore Happy]

Just imagine you are slowly walking down the furthermost aisle of the Federal reserve passing pallets and pallets of Half Dollars, you are in awe.

You need your flashlight because no has entered this aisle in over 35 years and the lightbulbs are all burned out. You finally reach the end of the hallway, and there in front of you, are hundreds of bags of Walkers, Bens, Kens. There is a sign dated January 23, 1965, that says "uncirculated silver."

Does a place like this exsist? Boiiiiiinng

 

[$ilver$urfer]

Just imagine you are slowly walking down the furthermost aisle of the Federal reserve passing pallets and pallets of Half Dollars, you are in awe.

You need your flashlight because no has entered this aisle in over 35 years and the lightbulbs are all burned out. You finally reach the end of the hallway, and there in front of you, are hundreds of bags of Walkers, Bens, Kens. There is a sign dated January 23, 1965, that says "uncirculated silver."

Does a place like this exsist? Boiiiiiinng

LMAO!!! Visions of sugarplums for us CRHers here!!!

Seriously that would be amazing - does anyone here have any family members that work in the fed res. vaults

HH,

$ilver$urfer

 

[minton7]

I just scored the following from 1000$ in Brinks Halves:

(41) 90% Kennedys
(23) 40% Kennedys
(8) Bens
(4) Walkers

Still some VERY good hauls left!

 

[sshafer11]

Does a place like this exsist? Boiiiiiinng

You just described heaven if CRH was a religion.

But seriously, we need to keep searching more to reach this holy grail of the deeper pallets. It probably really does exists. There must be tons of silver that sits dormant just waiting for a CRH to snatch it up.

 

[gordon and tanner]

Tanner and I have been at this over two years now. This has been our best month ever.

IT IS STILL OUT THERE!!!!

Keep on searching

Gordon and Tanner

 

[hombre_de_plata_flaco]

I just scored the following from 1000$ in Brinks Halves:

(41) 90% Kennedys
(23) 40% Kennedys
(8) Bens
(4) Walkers

Still some VERY good hauls left!

Wow. I just got skunked on $1000 worth of Brinks halves. This gives me hope.