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Loomis: They Are Presorting

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New Member

United States
7 Posts
 Posted 03/01/2022  9:31 pm Show Profile   Bookmark this topic Add Kelder539 to your friends list Get a Link to this Message Number of Subscribers
I got 5 boxes and they were all stamped presorted no silver
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United States
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 Posted 03/01/2022  9:36 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
Well, no more silver in Loomis rolls.
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United States
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 Posted 03/01/2022  9:50 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
No way!
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Spence's Avatar
United States
32709 Posts
 Posted 03/01/2022  9:52 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
I guess better to know this up front though, right?
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fistfulladirt's Avatar
United States
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 Posted 03/02/2022  05:00 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
They weren't sorting ten years ago when silver was higher priced, why would they start now?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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ratman4762's Avatar
United States
2201 Posts
 Posted 03/02/2022  08:23 am  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Printing a few words on the boxes like that may save them from having to move around all those half dollars. Who knows whether or not they are really presorting.....
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jbuck's Avatar
United States
157709 Posts
 Posted 03/02/2022  11:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I guess better to know this up front though, right?
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Pacificoin's Avatar
Canada
5124 Posts
 Posted 03/02/2022  11:59 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I guess the bank's shareholders are starting to express
their concerns at the costs involved in acquiring coins
for collectors amusement .
You are much better off supporting a local dealer
and sorting through junk boxes
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 03/02/2022  12:20 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
LOL

as far as I know: The Mints at Philadelphia and Denver and the San Francisco Assay Office have a number of machines in operation to sort silver out as it comes to them. Several of the larger Federal Reserve Banks have also installed separating machines, furnished by the Bureau of the Mint, and begun operations in 2017. These are at Boston, Cleveland and Chicago.
More may have followed since 2017 when the Fed Reserve banks added the machines. the distribution hubs do not have the machines that I am aware of to do this... yet.

So if your area is served not by a hub, but by a larger federal reserve bank instead, it's theoretically possible that are sorting out the returns for silver before separating and re-rolling like they were supposed to be doing since 1965, reclaiming the older dimes quarters and halves and reissuing clad in it's place and sending the silver coin to the treasury for destruction and reclamation.

that isn't loomis, that is the bank stamping them. there's absolutely no reason for loomis or any other entity or the distribution hub where it comes from to stamp the boxes like that. best case they stamp them with a number for inventory control. if stamped with a date or a message it was the bank doing it usually but could be from the Fed.

My guess though is your bank is trying to get you to go somewhere else for half dollars without telling you directly. At some point found it worked to get people to stop asking for them and go somewhere else.

you search that box, you don't find any silver and you assume it's true, even though skunk boxes happen all the time. maybe you search it and you find a 40% or a 90%. then you'd know I'm right about it.

Possibility exists if you don't have it outsourced and your coin is picked up from a Fed Reserve bank by Loomis to go to the bank, in which case, they might have stamped it like that just to be sure what is what before they send the wrong thing out the door.

Like me I have the Federal Reserve Bank of Atlanta since I'm in south florida. CLEARLY they aren't gonna drive to and from atlanta all the time, so there is a distribution hub that the armored carriers go to to pick up and drop off and mint deliveries for the area get shipped to. There's probably more than one between here and Atlanta actually. Jacksonville, Orlando, Miami, Maybe Tampa also. The Fed is basically hands off except for inventory control and accounting, making sure nothing just disappears. But nobody is sorting it out beside the coinstars at that level.

oh and the possibility exists that it's all 2021 or 2022 dated halfs and that why it's marked the way it is.
Edited by Big-Kingdom
03/02/2022 12:36 pm
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tencentpenny's Avatar
United States
792 Posts
 Posted 03/02/2022  7:57 pm  Show Profile   Bookmark this reply Add tencentpenny to your friends list Get a Link to this Reply
I think that they are just stamping it to make coin roll hunters not want to search the halves; I really do think that there still could be silver, I would encourage you to open the boxes up to look.
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jbuck's Avatar
United States
157709 Posts
 Posted 03/03/2022  10:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I think that they are just stamping it to make coin roll hunters not want to search the halves;


Quote:
I really do think that there still could be silver, I would encourage you to open the boxes up to look.
Might as well if you already have them. Worst case you lose some time.
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United States
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 Posted 03/10/2022  02:17 am  Show Profile   Bookmark this reply Add Kelder539 to your friends list Get a Link to this Reply
This is a small town bank, I know all the staff. This is the way that they received them from Loomis. Boxes were not the normal size, they were cube shaped which I thought was very odd. So, it was NOT the bank that did it, contrary to the popular belief of some in this thread.
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United States
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 Posted 03/10/2022  02:22 am  Show Profile   Bookmark this reply Add Kelder539 to your friends list Get a Link to this Reply
And no big kingdom, they weren't new ones, all circulated and I only found 2 NIFC's in the first box. I didn't waste my time on the rest. When I got the flat tray boxed, there was more variety, I had a proof, quite a few NIFC's and some silver. These cube shaped boxes are presorted before they get to the bank.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 03/10/2022  05:43 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
@ Kelder539 - From what I can see that looks like a double-decker Brinks box. From what I remember in the past it's not unusual for one courier to obtain boxes from another when they are short. What do the wrappers look like?
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ijn1944's Avatar
United States
16861 Posts
 Posted 03/10/2022  07:06 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Could be a legit stamp from a bank or commercial coin services provider, maybe not. I'll keep plowing through boxes as they come along, with that notation or not.
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