Giving up CRHing for a while

[jim4silver]

Well, in a way at least. This may sound strange, but for some reason all the banks in my area (and some towns 60 mins away) that are all serviced by Brinks have started providing boxes of halves wrapped in the yellow CWI wrappers and the flat boxes with the holes. Up till this week they always had the Brinks wrapped rolls which usually were decent.

I have experienced these rolls (the CWI ones) and boxes from a particular bank or two that have been using them since I began CRHing, and I never got good results from them. But this week, all my "Brinks" banks no longer have the square boxes with Brinks' labeled rolls. Instead, they had the above described CWI rolls. The first bank I went to this week gave me these rolls, and I thought it was a fluke or something. Then the next day another bank had them. And now today two other banks had them. WTF

I asked all the tellers from the different banks I bought from this week, and they didn't know why the change in Brinks boxes. Maybe Brinks has run out and ordered fed boxes or something, I don't know.

But the bottom line is that every CWI box I have ever had sucks. It seems like they always have the same type of coins: tons of smooth rim clads and a few BU 1995s or 1997s, etc, intermixed. I have seen these same rolls in boxes from towns 100 miles apart. I have obtained an occasional 40%er or so, but never like the Brinks boxes results.

Maybe this is a sign for me from the "silver gods" telling me to put more time into my business and not waste so much time running around looking for a few silver coins here and there? In any event it is probably good for my business to cut down on the CRHing for now.

Anyway, I still plan to buy from the couple of banks that let me take their machine bags when they fill up (unfortunately this takes several months or more for them to fill) and I will check for hand rolls when I am out of town at the rural banks. But no more boxes as long as they are those terrible yellow-wrapper CWIs. Just a waste of time and effort for me with them. I wish I knew were they came from.

Jim

 

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[Silver Stripe]

I used to buy Brinks boxes when I started July 07 then I stopped cause Loomis delivered CWI boxes and they were better. Now and for the last few monthes Brinks has been delivering CWI boxes too so sometime in between when I quit Brinks and started back up Brinks quit rolling their own halves- I don't know when but that is likely what happened to you. I wish I had never quit Brinks as I would have liked to get them good boxes down deep when they were running out- also likely why your Brinks boxes were so good.
You can probly make more $$$ and buy more silver concentrating on business anyways- it was fun while it lasted anyways huh?
Best of fortune, Mark

 

[fistfulladirt]

Yep, the CWI boxes totaly stink. I just picked up 2 tonite, 1st box every other coin marked, next box not 1 marked coin out of 1000.
Glad my teller held the $100 of hand rolled for me = 3 40%

9 CWI boxes in a row, 1 40% scored.
I guess I keep hope cause thats how I got my Barber and 1 WL, CWI rolls.

AMC

 

[Silver_Fox]

Bummer, just hit one now and then to test the waters.

 

[markmopar]

strange how things are in different areas.
around here the Brinks boxes are weak and the CWI's are better.

 

[coinmojo]

Jim

You must be in the Detroit area. That's exactly what has been happening to me lately. but worse. For the last 6 weeks brinks has been delivering a mix of the CWI boxes or other banks Deposits without even verifying them I've gotten 1k bags from LaSalle or some C.U. that they just picked up and dumped them on us without even verifying them. it has been hit and miss on the regular Brinks cubes for a month. And they all stink.

I actually got a couple of 40%'s from the CWI boxes and have been Skunked on the Brinks cubes. Brinks has been overwhelmed with orders for halves and can't keep up I believe.

One of my pickup bank's just upped it's order to 10 boxes a week. another is doing 12 and all are getting simular amounts. They are all telling me there are 2 or 3 of us picking up boxes now.

Here in Detroit Both Brinks and Loomis operate out of downtown Detroit, and are only several blocks from each other. I believe Brinks is trying to fulfill all their orders by buying from Loomis which handles the Fed account.

The last time I got other banks dumps delivered to my bank I told them in no uncertain terms that I would no longer accept unverified bags and I believe Brinks is trying to fulfill the banks/my wishes. by utilizing the Loomis/Fed Wrapped/verified boxes insted of just dumping coins from other banks deposits.

The armored car service in this area seems to be very competitive. In addition to Brinks and Loomis there is Total. and others all near the Fed's Detroit arm of the Chicago reserve. And all are located near Downtown Detroit.

It really doesn't matter what Carrier you get your boxes from, just which one got grandpa's collection in one of their pickups and mixed into their jumbo coin processing machine.

Allthough in my case all my dump banks send their coin to Loomis and all my buy banks use Brinks. So I have been avoiding Fed Boxes in my neck of the woods.

If your gonna do this CRH thing it pays to do some research.

Mojo

 

[jim4silver]

Jim

You must be in the Detroit area. That's exactly what has been happening to me lately. but worse. For the last 6 weeks brinks has been delivering a mix of the CWI boxes or other banks Deposits without even verifying them I've gotten 1k bags from LaSalle or some C.U. that they just picked up and dumped them on us without even verifying them. it has been hit and miss on the regular Brinks cubes for a month. And they all stink.

I actually got a couple of 40%'s from the CWI boxes and have been Skunked on the Brinks cubes. Brinks has been overwhelmed with orders for halves and can't keep up I believe.

One of my pickup bank's just upped it's order to 10 boxes a week. another is doing 12 and all are getting simular amounts. They are all telling me there are 2 or 3 of us picking up boxes now.

Here in Detroit Both Brinks and Loomis operate out of downtown Detroit, and are only several blocks from each other. I believe Brinks is trying to fulfill all their orders by buying from Loomis which handles the Fed account.

The last time I got other banks dumps delivered to my bank I told them in no uncertain terms that I would no longer accept unverified bags and I believe Brinks is trying to fulfill the banks/my wishes. by utilizing the Loomis/Fed Wrapped/verified boxes insted of just dumping coins from other banks deposits.

The armored car service in this area seems to be very competitive. In addition to Brinks and Loomis there is Total. and others all near the Fed's Detroit arm of the Chicago reserve. And all are located near Downtown Detroit.

It really doesn't matter what Carrier you get your boxes from, just which one got grandpa's collection in one of their pickups and mixed into their jumbo coin processing machine.

Allthough in my case all my dump banks send their coin to Loomis and all my buy banks use Brinks. So I have been avoiding Fed Boxes in my neck of the woods.

If your gonna do this CRH thing it pays to do some research.

Mojo

Mojo,

Actually I live in Missouri. I think that all the banks in my general area are serviced from the same Brinks facility (they probably cover half the state or so). Thus, all my banks where I was getting my Brinks boxes will now be using the CWIs it seems. I do think the CWI coins are from somewhere different than where Brinks was getting their coins. I can tell by the composition of the rolls. The CWI ones here always have tons of smooth rims and a few BUs of recent years (the 90s) and never any decent amounts of silver, and the Brinks rolls had only a few smooth rimmed coins with varying amounts of silver coins (some great, some ok, but rarely a skunk).

There really is nothing to research though. If you ask the tellers or even call the armored companies directly
you will get different and inconsistent answers about where the coins come from, are they all commingled with coins from other banks before they are rolled, do they come from the fed reserve bank, etc. The essence of where the coins originate and the process of how they get rolled/boxed is one of life's great mysteries I will never fully understand I guess.

I agree with you that the high demand for boxes is why Brinks is using coins from a different supplier. Due to the growth of CRHing here, all of my banks now mention ordering boxes of halves for people other than just me. When I first started doing this a few months ago, I was the only one buying boxes from my banks (except for one of the branches) I was told.

Jim

I

Jim

 

[MalteseFalcon]

Late last year, I began to get my halves in quarter boxes. The bank I order through uses Brinks. Since then, I have not seen any Brinks cubes. They take a quarter box and turn them inside-out, and fill them with half-dollar rolls.

For the past couple of months, my pickings have been slim. I suppose my average has been one or 2 per box. Occasionally I get a few more.

I have not been posting my weekly takes for 6 months now, as I just have not had the time.


Once in awhile I will get a CWI box, but in all the CWI boxes I have gottn in the past 2 years, I have probably only gotten 3 or 4 keepers. CWI sucks.

 

[jrf30]

For the past couple of months, my pickings have been slim. I suppose my average has been one or 2 per box. Occasionally I get a few more.

Once in awhile I will get a CWI box, but in all the CWI boxes I have gottn in the past 2 years, I have probably only gotten 3 or 4 keepers. CWI sucks.

Try having 38 boxes in a ROW be skunks!

I stopped ordering halves, but still had 4 coming in at one bank, and 2 at another. By time I stopped, I had 38 boxes, and a GRAND TOTAL OF ZERO SILVER.

Not one in ANY box. ALthough I got 6 in some hand rolled extras they gave me from time to time, but nothing in the boxes. And I mean NOTHING.

SO feel better about your low average of 1 per box. LOL

 

[Scalper]

Thats a bummer Jim it must depend on different areas . I am still getting the regular Brinks rolls at least for now and some people do well w/ those CWI rolls ....anyways maybe try a box now and then, hit some handrolls from time to time and best of luck with business, Ed

 

[RED THUNDER]

Sorry to here that Jim. Same here in Kansas as well. I will probably hit one or two now and then my self to test the water. Good luck to ya! 8)

Red