Operation Bank Run- How 1 Man Got 2,000 oz of Silver For FREE

[chakra22]

Hmmm, I wonder who this might be?

 

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[Infowarrior]

I actually just watched this the other day... a member PMed it to me...

There is a second part that says he was CRHing in the san diego area...

Good listen for sure...

 

[OnARoll]

I posted this a few weeks ago, interesting to say say the least

 

[cooper36]

LOL

 

[crhstreetwalker]

I met him in person at a local credit union here in town while he was dumping one day. He's on here and coincommunity under different aliases.

 

[jrf30]

He makes is sound like he is the only CRH in San Diego though. the banks didn't like him because he was a problem. And he drained the local downtown vault by himself, because he did enough volume, but no one else ever took any halves while we was working them, thus depleting that inventory. It was all just him. What about the rest of us? I can do 10 - 15 boxes a week and dump them, and the banks like me coming in (At least they say they do). If there are ten peopl elike me out ther (And ther are!) then that equals what he was doing at his highest. So he alone is not the casue of banks hitting the fed vault, or the only one a bank has heard of that does this.

Decent video, but not great. I hope it doesn't get too many new people interested. A few more here, a few more there, and soon there will be a lot of people doing this. Already too many in my opinion. :-)

 

[fistfulladirt]

An alternative method of investing that we've all been waiting for!

 

[billionaire]

I dont think this hobby will die out anytime soon. There will always be something new to search silver will run out soon though. But i think they are switching to steel nickels this year so people will hoard the copper nickel ones.

 

[CladSmoke]

You mean the banks just give out silver?!?

 

[mercury1]

You mean the banks just give out silver?!?

Ideally, yes they just hand it to you.

 

[chakra22]

Ya they do__

Ya they do_You just need to look for them_ check out the true value of old coins here-- Silver Coin Melt Values - Coinflation (Live Silver Prices)

U.S. Circulated Silver Coins Silver coin values below are based on live silver prices at the CME. These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). The values below only reflect the silver value, not rarity or numismatic value. This table should only be used as a guide for buying and selling silver coins. These coins are sometimes called "junk silver", but I really dislike that term. All values shown in USD. Coin value calculations use the 5:15 PM EDT silver price for March 15, 2013: Silver $28.70/oz -0.04

Description Face Value Silver Value 1942-1945 Nickel * $0.05 $1.6147 1892-1916 Barber Dime $0.10 $2.0761 1916-1945 Mercury Dime $0.10 $2.0761 1946-1964 Roosevelt Dime $0.10 $2.0761 1892-1916 Barber Quarter $0.25 $5.1903 1916-1930 Standing Liberty Quarter $0.25 $5.1903 1932-1964 Washington Quarter $0.25 $5.1903 1892-1915 Barber Half Dollar $0.50 $10.3806 1916-1947 Walking Liberty Half Dollar $0.50 $10.3806 1948-1963 Franklin Half Dollar $0.50 $10.3806 1964 Kennedy Half Dollar $0.50 $10.3806 1965-1970 Half Dollar (40% silver) $0.50 $4.2445 1878-1921 Morgan Dollar $1.00 $22.1980 1921-1935 Peace Dollar $1.00 $22.1980 1971-1976 Eisenhower Dollar (40% silver) ** $1.00 $9.0759 * The U.S. Mint issued two compositions of the nickel in 1942. The standard copper-nickel composition used today and the 35% silver version listed here. ** The 40% silver version of the Eisenhower dollar was issued as a collectible only, they are generally not found in circulation. The best way to distinguish the two versions is by weight. The copper-nickel version weighs 22.68 grams, the silver Ike dollar weighs 24.59 grams.

Canadian Circulated Silver Coins These coins were in standard circulation until silver was removed from all coinage in 1967 and 1968 (50% silver). The values below only reflect the silver value, not rarity or numismatic value. Live silver prices are used to calculate the coin's value (USD): Coin value calculations use the 5:15 PM EDT silver price for March 15, 2013: Silver $28.70/oz -0.04

Description Face Value Silver Value (USD) 1920-1967 Dime $0.10 $1.7219 1967-1968 Dime (50% silver) ** $0.10 $1.0762 1920-1967 Quarter $0.25 $4.3049 1967-1968 Quarter (50% silver) ** $0.25 $2.6905 1920-1967 Half Dollar $0.50 $8.6099 1935-1967 Dollar $1.00 $17.2199 ** The Canadian Mint issued two compositions of the dime and quarter in 1967. The standard 80% silver/20% copper variety and the 50% silver/50% copper type. In mid-year 1968, they changed the quarter and dime again from 50% silver/50% copper to a 99% nickel composition.

 

[maverick]

Everyone on here pretty much knows about that site allready, it is kinda our Bible. HH, Maverick.

 

[maverick]

I saw the vid a while back too, it basically shows how this guy abused the privilege of CRHing and got shut down, or not how to do it. HH, Maverick.

 

[sagittarius98]

He got nothing for free, there is something called face value.

 

[CoinFetcher]

He got nothing for free, there is something called face value.

Yeah - it costs about ~$3000. So... he got 2000 ounces for $2888. Plus other costs.

Do we not know what free means anymore?

 

[jambone]

I've used the calculator at coinflation.com, and I like it. Today, I ran across a similar calculator at in-gold-we-trust.info - does the same thing, but for more metals, currencies, and bullion. Check it out.

 

[chakra22]

Yeah - it costs about ~$3000. So... he got 2000 ounces for $2888. Plus other costs.

Do we not know what free means anymore?

Ya 2,000oz x 30.00 oz apz =$60,000 not to bad more or less

 

[boristhespider88]

I wonder if he gets his chicks for free too?