My dump bank is onto me and stated their coin processor culls silver...

[theproph]

Went to my dump bank today and dumped $400 in halves and $300 in dimes. When I took the receipt from the coin sorter to the front desk the teller stated that he used to look through coins himself and that the bank has noticed a rise in half dollars (all from me I assume). He then proceeded to tell me the company that pick up the coins takes all the silver out before they rewrap the coins for circulation again. I bought $10 in halves and $10 in dimes from them to see where they were from and they were from Loomis. So I assume the company he is talking about that pulls the silver is Loomis?

So is the teller just blowing smoke or is there some truth to this?

 

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[GarouLady]

I haven't had any loomis yet. Just brinks and NR sons. From what others tell me most coin processors don't have the time nor the money to cull silver, but then I would think if enough tellers secretly cull the silver, it wouldn't take long for the silver to disappear. I do the same thing at my work and already for a informal warning about opening my coin rolls when I don't need to. ::grimace:: eesh..

Hugs and Smiles,
Garoulady

 

[canaboy123]

100% false.

 

[kfs]

Went to my dump bank today and dumped $400 in halves and $300 in dimes. When I took the receipt from the coin sorter to the front desk the teller stated that he used to look through coins himself and that the bank has noticed a rise in half dollars (all from me I assume). He then proceeded to tell me the company that pick up the coins takes all the silver out before they rewrap the coins for circulation again. I bought $10 in halves and $10 in dimes from them to see where they were from and they were from Loomis. So I assume the company he is talking about that pulls the silver is Loomis?

So is the teller just blowing smoke or is there some truth to this?

You are joking right you are basing your assumption on a total of 20 halves and 100 dimes.

 

[theproph]

You are joking right you are basing your assumption on a total of 20 halves and 100 dimes.

No no you missed the point. Ive gone through $2400 so far in halves and dimes and have found 6 Roosevelt dimes and only one 64 half. I realize its a very low chance to actually find silver. The only reason I purchased the dimes and halves after he told me this was to see where they came from with no assumptions or hopes of finding silver. I was doing a little of my own research on the source of their coins, thats all.

 

[enamel7]

No no you missed the point. Ive gone through $2400 so far in halves and dimes and have found 6 Roosevelt dimes and only one 64 half. I realize its a very low chance to actually find silver. The only reason I purchased the dimes and halves after he told me this was to see where they came from with no assumptions or hopes of finding silver. I was doing a little of my own research on the source of their coins, thats all.

You answered your own question. You found silver so they obviously didn't take it out.
HH
enamel7

 

[theproph]

You answered your own question. You found silver so they obviously didn't take it out.
HH
enamel7

Actually no I dont get coin from the bank I dump at, I dump at my fiancees bank and pickup from my own. But I guess technically you are correct no that I think about it because the coins I do get from my bank are from Loomis.

 

[namster]

Right on time.

Yes, the coin processors ALL cull silver.

 

[FormerTeller]

I've been getting skunked from the new Loomis boxes, the ones with the date stamps and now initials. Going on a month now, not that that necessarily means anything, as I've gone longer than that before, but still I'm somewhat concerned. Other members have reported the same lately.

 

[Wilmingtonsilver]

Here we go again. It took two weeks this time i think. lol. I get all of my boxes from Loomis, and they have dates. I have only been skunked once in the last month.

 

[canaboy123]

 

[fistfulladirt]

A friend of my brother's, that know's a bank manager's wife, said that her neighbor's kid has a part-time job sorting ONLY 1964 Kennedy halves, directly from silver that String and his son is sorting from armoured trucks. I'm not sure that I believe this though.

OTOH, I've been on here a long time, so I know what I'm talking about.
j/k

 

[db23]

Went to my dump bank today and dumped $400 in halves and $300 in dimes. When I took the receipt from the coin sorter to the front desk the teller stated that he used to look through coins himself and that the bank has noticed a rise in half dollars (all from me I assume). He then proceeded to tell me the company that pick up the coins takes all the silver out before they rewrap the coins for circulation again. I bought $10 in halves and $10 in dimes from them to see where they were from and they were from Loomis. So I assume the company he is talking about that pulls the silver is Loomis?

So is the teller just blowing smoke or is there some truth to this?

Der.... My reply would have been something like....

Well it's a good thing I got to look through these coins and pull out the silver before that company had a chance to look through them.

 

[Virgil]

I think it all depends where you order boxes from, even if it's the same courier at the different places. If people aren't putting that much silver into the system in a particular area, you're not going to be getting much out. If they are... happy days Well, hopefully. These have been my experiences, anyways...

 

[thripp]

Loomis usually just gives back searched boxes without re-rolling them. I've seen this with Brinks too but it is very uncommon.

 

[Wilmingtonsilver]

Loomis usually just gives back searched boxes without re-rolling them. I've seen this with Brinks too but it is very uncommon.

In my area, that is not how it works. My pick-up bank and drop banks are serviced by loomis. Even though I have to bring in my dumps rolled, the tellers HAVE to un-roll them and put them in a bag in $1000 increments. There is no way that Loomis can just give back searched boxes if they are un-rolled when turned in.

 

[Local_coins]

No one ever stops to think that all of the people on this forum are culling silver and TimZim is only ONE of them Is it just easier to blame the coin processors?

The problem is that silver is not making to the processor, it get culled long before that. Collect stamps instead.

 

[TimZim]

It would take to long to pull the silver out. No way

 

[GarouLady]

I just got a box from Strings and they were all MWRs of dimes. I opened them and what a stinker!! No silver and weirdly enough no canadian. I always find canadian in dime rolls. This was the first time ever that I didn't find anything whatsoever. Hmm,... The mystery deepens.

Hugs and Smiles,
Garoulady

 

[namster]

Y'all do realize there are billions and billions of coins out there right? A single skunk offers absolutely no information whatsoever.