Post on another forum from a former armored truck driver.

[bazinga]

Though some of you might be interested by this post:

"That is a fact. I worked for Loomis Fargo (now Loomis and formerly Wells Fargo) Armored Transport for a short time and we picked up bulk bags of coins from many different establishments (including banks) and took them to our bulk coin roller, then redistributed them as rolled coins to anyone that ordered them (including banks and the FED). You never know what you might find beause there are simply way too many coins to be looked at by the folks that roll them. Occasionally we would spot a keeper ... but couldn't touch them or risk being fired and charged for theft. They wouldn't even let us buy them. They are poured into a hopper and machined rolled and I mean HUGE hoppers. Those were all rolled in the new coin rolls. Extreem security at those places as it has to be."

http://www.coinhunting.net/phpp/viewtopic.php?t=885

There is another interesting post to it underneath it as well if you go to the site and check it out.

Just food for thought....

 

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[Silver_Fox]

That's what I have been telling my brother since I started CRH. Way to many coins to pay someone to pull them out so Brinks can save silver? Not. Thanks for the post. You just confirmed my suspicions. Common sense prevailed.

 

[LJ]

Thanks for this post.....very interesting reading. Been looking for someone who actually did this type of work. I always wondered about this.

 

[low xtreme]

makes sence to me. i bet they watch they're employees like a hawk.

 

[Fruitbat]

You mean there is more than one CRH forum?

 

[tw656]

That is interesting. I still bet some do it. But good to know at least at some of the companies, its not allowed as a rule. thanks for the info.

 

[diggummup]

Thanks for the link and the info. Brian.I figured as much.I just have some stiff competition down here in the CRH dept.,that's all.

 

[silverfinder]

Thanks for the post. Now I know why I've been finding so many Seated Liberty halves and eighteenth century English golden guineas in coin rolls from banks over the past year.

Just kidding, sadly.

 

[scotto]

Thanks Brian, good stuff.

 

[fiatboy]

Thanks for the post, Brian. Glad to see you still make an appearance around these parts.

 

[bazinga]

Thanks for the post, Brian. Glad to see you still make an appearance around these parts.

Yeah, I still check in from time to time, haha. I just wish I had the opportunities to find silver like some of the others here have. After I move I will start back up.

 

[MalteseFalcon]

Right on, man. Don't be a stranger!

 

[MalteseFalcon]

By the way, that thread on the other forum is kinda comforting. Don't haveta worry so much about the armored car dudes skimming silver.

 

[bazinga]

Yeah, it makes me feel a little better inside knowing that the people that work at these places aren't hoarding it all for themselves.

 

[Scott (Upstate NY)]

...but something has to be said for the low yield of silver from this company that handles the coins...perhaps the company policy itself is to scan through the coins aside from rogue employees doing it on their own

 

[Silver_Fox]

...but something has to be said for the low yield of silver from this company that handles the coins...perhaps the company policy itself is to scan through the coins aside from rogue employees doing it on their own

So do you think a company, with this to say on it's webpage http://www.loomisfargo.com/securitas_1.htm "Internationally Loomis comprises a service network of 440 operating locations in ten Western European countries and the U.S. with annual revenue of $1.6 billion" really is worried about picking out silver to make some extra money. I think not. They make money moving money, not picking silver. It's all about location, location, location. See my post http://forum.treasurenet.com/index.php/topic,92551.0.html for the real story.

 

[goldinmypan]

I'd worry more about the bank tellers skimming before the coins even gets to the car company.

 

[MalteseFalcon]

Heck, that is almost irrelevant, as when the coins get to the car company, they get dumped in with all the other coins that do NOT get searched by tellers. So it would all even out in the end, I would think.

But then, there are so many variables, and the money supply changes over constantly day to day, so there are no real absolutes here.

 

[Silver_Fox]

I'd worry more about the bank tellers skimming before the coins even gets to the car company.

True that.