A nice chat with the Loomis guys told me all I DIDNT WANT TO KNOW.......

Rosco Bookbinder

Full Member
May 26, 2007
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Garrett ACE 250. Are there others?
A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

I live in a large city in the Pacific Northwest. When I first started CRHing in May of this year, there was a lot of silver to be found. In boxes and in hand rolls from banks. I got quite a bit. All of a sudden in October after 56 boxes of halves I got my first skunk. Then they kept coming. Box after box. NO SILVER!!! Once in a while I would find a 40%er and maybe a 64 if I opened enough boxes. I knew something was happening and wanted to find out what. I asked a lot of questions of the tellers where I get my boxes from and my dump banks but they had no idea. They just get the delivery or send out the dumps. The one CU I get my boxes from had told me that they get their stuff from “such and such” but I always wondered. I was even shown the slip they use for orders and where it came from.

I took a couple weeks off from the boxes from the one CU and one day when I went back to get some the vault teller tells me that the Loomis guys said….”Oh we see your guy is getting his boxes again”…she says yes and then the guy asks if I might be the same guy getting them from another CU. My lady and I have talked a lot and she knows where the other bank is that I get them from. She said “probably so” or something like that….

A week later when I pick up my boxes from that CU both boxes are marked with the word SILVER with a circle around it and a line though it. She had no clue and couldn’t imagine how anyone in the Loomis thing could know. I found a 64 in both and a 40 in both. …

I went to my other CU a couple days later and got my boxes. BOTH had the same NO SILVER marks on them but this time with a date. One said 9-12 and the other was
11-14. I knew something was going on………

I finally got my chance to find out. I had the opportunity to corner (bad choice of words about a guy that carries a gun) two Loomis guys servicing an ATM while I was at work.
I asked them point blank “which one of you carries a blue felt tip marker” and the conversation went from there….. I told them what I do with CRHing and I was trying to find out some things about the boxes I get, where they come from and their guys marking the boxes. We talked a long time. They told me a lot of stuff and asked me if I get my boxes from one certain CU. I told them yes and they both laughed. They know who the guy/guys are that have been doing the marking. They agreed that they are just messing with me knowing I am getting the boxes for silver hunting.

Then they told me the BAD PART!!! The B of A downtown has a big money vault thing downstairs. They USED to do coin but now only do bills. (I was told by a security guy at the B of A one time there are 20 people down there that count money all day). I see all of the armored trucks coming and going from there all day. LOOMIS does the coins. ALL THE COINS FOR THE WHOLE CITY!!! Take your dumps to the bank, they end up at LOOMIS. Get a box of coins, THEY CAME FROM LOOMIS!!

The guys told me that they used to get some coin from the “big city” but not much any more. They JUST RE-ROLL WHAT THEY GET HERE FROM THE BANKS IN TOWN………..
They also told me that there is a very good chance that I am getting back my own dumps. They told me that there is NO WAY anyone that works there could know, touch, or get any of the silver that comes in. They get boxes, bags or what ever, dump it into a big hopper in the machine, it counts, feeds, rolls and they box. If grandma dumped a load of grand-dads collection into a bank and the tellers didn’t get it first, it’s in the mix. Other wise it's just what comes in. MY DUMPS!!! And who ever else is CRHing.

So the total of the story is I am running out of silver here in town and not sure what I can do about it.

Any suggestions????
 

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Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Hey Ros......

Yup......

Keep plugging. Had a teller tell me their transporter was yanking the silver. From my results, mebbe so.

I'm finding a LOT of marked coins, different marks, in bank rolls... begs a question.

Probably CRHers.....

Bank rolls are dropping off. If one can find hand rolls they seem to do a lot better... but there ain't many of them within two hunnert miles of me. I done got'em all......

Robin
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Rosco Bookbinder said:
So the total of the story is I am running out of silver here in town and not sure what I can do about it. Any suggestions????

Start dumping in another town? :D
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Arizona Bob said:
Start dumping in another town? :D

Sounds like a good idea but the next big town is about 35 miles from here and I have a feeling they are serviced by Loomis also. That's the next thing I want to find out.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

CaptainRobin said:
Keep plugging. Had a teller tell me their transporter was yanking the silver. From my results, maybe so.
Don't believe everything you hear. Armoured transport company's make, millions if no billions per year hauling $$$ around. Do you really think they are going to try and up there profits by paying a couple flunky's to pull silver? I think not. Here is a story I posted some time back. From what Rosco told me Loomis guys told him, I hit the nail on the head with this story linked below.
The Real Story or How A “Dream” Box Is Made / Long but true
http://forum.treasurenet.com/index.php/topic,92551.0.html
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

I dump mine in the next state.

Thanks
Cat
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

CaptainRobin said:
I'm finding a LOT of marked coins, different marks, in bank rolls...


Ditto here. 5 different marks in the last bag of halves I did.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Well, as we all know a collection can be dumped at any time. And no matter how many times you search the same coins, no matter how many times you search the same stuff. New stuff enters the system as well as leaves it all the time.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Cat J said:
I dump mine in the next state.
Thanks
Cat

The next state is 30 miles away. With gas price now that's not an option but the other factor is one I haven't checked yet. I would guess that in "that town" they are serviced by the same Loomis people as in "this town". I will be doing some checking and find out.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

killerwine said:
I just throw my reject halves away.... :D

If I did that I'd be throwing boxes away. Wouldn't even have to open them... :'(
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Just order ten boxes and then it will be worth driving the 35 miles to dump them get em out of your area and when you have to order the next ten boxes they will be from someplace else. The only way you are going to keep from looking at your same old dumps is to get them out of your area. I would fly with them to another area of the country if I had too.

Good luck and Merrry Christmas
Cat
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

I just heard about a transport company WAS looking at the coins before they went back out to the banks. The person in the coin room was given a list of coins to watch for, silver, indians, etc. This is probably just this one company, bigger ones probably don't have the time. The owners are selling the coins to a dealer. Talk about an unfair advantage.
 

Re: A nice chat with the Loomis guys - and why "marking" can be GOOD

If you want to know for sure, then mark YOUR rejects. NOt ongoing, as it is a pain in the butt, but do it for ONE WEEK. Just mark your coins for one week and then see how many of the same coins are coming back to you. If you see 5% of the ones you pick up are your own rejects, then you at least know and you can feel good about it. If you see that 90% of what you get are your own rejects, then you need to make a decision. Although i agree that new coins are entering the system every day, if I found that a large majority of the coins I got were my own coins back again (And again. and again. mark them a second time if you get them back. See if you get them a THIRD time) then I'd have some hard thinking ot do. Time to decide if it was worth the effort or not.

And most of the time it is NOT worth the effort for "me". Because of the lack of silver HERE. SO, I work pennies a LOT. If you see that you are getting 90% of your own coins back, at least you KNOW, and you too may decide on a different course of action. But, to not mark them for a TEST, and to not care about what percentage you are getting back, because grandma may put grandpa's coins in at any time, is to not know how effective you REALLY are, nor care, and ignorance is NOT bliss. :-)

SO test yourself, see what you find, and deicde after you have the facts. It never hurts to know more tomorrow than you know today. :-)

JOhn
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Rob in KS said:
I just heard about a transport company WAS looking at the coins before they went back out to the banks. The person in the coin room was given a list of coins to watch for, silver, indians, etc. This is probably just this one company, bigger ones probably don't have the time. The owners are selling the coins to a dealer. Talk about an unfair advantage.
Please share, what was the source of this information. First hand, second, friend of a friend? Just curious as to how true this is.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

I just melt all my rejects!

why bother getting them back? then i bury them around my hidden buried stash!

may cost a little extra to do this but hey I won't be searching my own stuff.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

awhitster,
My sister-in-law works for a small, local company in Kansas. She is the one doing the coins. Thats what she told my wife. I don't think they want that info out, but she likes to talk :) I think its just the owner(s) of this particular company. I wouldn't think the bigger ones would have time.

She also said they got a notice from the fed about a nickel struck on a penny planchet. I wouldn't have thought that the fed would put out a notice about error coins. But what do I know.

I just thought I would pass this info on to the great folks on T-Net.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

Rob in KS said:
awhitster,
My sister-in-law works for a small, local company in Kansas.
Thanks for the update Rob. It's just with so much misinformation floating around on the web nowdays I was wondering if it came from a reliable source. Sounds like it does.
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

I understand your wanting some validation of the info. There is a lot of crap on the net.

Glad I could contribute something
 

Re: A nice chat with the Loomis guys told me all I DIDN'T WANT TO KNOW.......

check other sources
 

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