Question for Veteran CRHers

[blueberra]

This week, I witnessed something new (to me) and I wonder what insight some of you more experienced CRHers might have.

I get a box of half dollars every week. This week, the head teller not only had my box, but she had another box and also 45 loose rolls. Both boxes were sealed Loomis boxes and the loose rolls were all machine-wrapped Loomis rolls. I'm not sure what prompted the bank to acquire the other halves, but I grabbed them all.

So, in total, I had 145 Loomis MWRs to search.

At least half of the 45 loose rolls were solid, uncirculated 2000P. The other loose rolls had many 2000P -- I'd say about 50% of those halves were 2000P.

Boxes were a little more varied, but still had more than their 'fair share' of 2000P. My estimate on the two boxes was 15% to 20% 2000P including a couple of solid 2000P rolls.

What's going on here? Did Loomis acquire a ton of sealed mint bags of 2000P and run them through their coin wrapping machine? How else would that explain such a preponderance of BU 2000P halves?

Not surprisingly, it was a skunk week.

 

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[GMan00001]

My guess is someone bought multiple bags/rolls of the 2000-P from the mint, searched them for the highest grade ones to send in and get graded and then dumped the rest at a bank somewhere.

 

[smokeythecat]

I think Gman00001 is correct. I have in the pat received boxes with all or almost the same thing in them, normally from some years back. I also find this with quarters.

 

[blueberra]

I think Gman00001 is correct. I have in the pat received boxes with all or almost the same thing in them, normally from some years back. I also find this with quarters.

I get it for quarters, dimes, etc., but these halves were minted 22 years ago (the next to last year before NIFC began. Where were they collecting dust and, more importantly, why now make an appearance?

Why would you search contemporary halves to find an MS-70? Wouldn't the certification cost be greater that the coin's value?

 

[GMan00001]

It could just as easily be coins from the mint slowly mixing in with other circulated coins. I am guessing you just dumped the halves somewhere and now they will mix with whatever additional halves were already at that bank, but still mostly together.

Both answers are just guesses as there are multiple possible ways it could happen.