A reddit post about Loomis rolls boxes in Oregon are stamped "No silver... pre sorted"

Just a heads up.
I have no idea what it means.
If someone is simply scanning the bins by eye as the coins are fed or if they've added something to the machines to identify and reject silver.
If you know something feel free to add info!

https://www.reddit.com/r/CRH/comments/kspyur/for_those_who_wondered_this_is_the_stamp_on/

I'm in Denver and haven't heard anything about this yet.

 

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Interesting hope that doesn't mean no more silver finds.

 

If you're only looking for the silver coins, at least they're saving you the trouble of looking. You can still search for other things like errors, MS coins, etc. When I can get them I like searching half dollar rolls just because I enjoy doing it.

 

I'm truly surprised anyone finds silver at all, I mean silver coins have been out of service for over 50 years. Still some people get lucky every now and then!

 

Very little of new silver finds have been circulating for 50 years. Most has been reintroduced into circulation recently. Theft, inheritance, lack of knowledge and other reasons cause coin collections to be broken up and spent or cashed in.

 

Last week I found 2 40% Kennedys in a Loomis box.

 

A manager in a local 7-11 was telling me about a customer they had years ago that inherited $10K face in silver coins and was going around spending them everywhere in town. Of course the 7-11 people were saving them up as they came in and then taking them to the coin shop to sell for then 4-5X face.

 

Turtle

 

I wouldn't put it pass them especially when it can be profitable for them. Here we go again with another Hunt brothers hoard. Not good for the average collector...

 

I did the easy thing... I called Loomis in Portland, OR

They seem to know nothing about this...but I actually have a coin manager also calling me back, yes that's a real position

And....
Confirmed! Loomis is not putting that stamp on boxes.

The coin manager was not at all surprised and explained it's very likely because for example, a person who's not a retailer orders 10 boxes and brings them back to the bank hand rolled or loose and then then the bank sends those back to loomis to be rolled and re-wrapped. And because there isn't an influx of coins for loomis...those re-wrapped rolls go right back to that bank and someone at the bank (manager maybe) likely assumes those are the same coins that have been searched coming back.
The incredibly nice gentleman at Loomis I spoke to said that really nothing has changed in their process other than a lot of those customer searched coins are indeed going right back to the bank but there are just less coins from other sources getting mixed in, again, due to the very real coin shortage in areas.

So there you go...
It's a trick! lol!

Also I only posted this on a couple forums but not on reddit. It's a special update for the dedicated forum peeps

 

Thank you Kurisu.

 

Sounds like someone was trying to discourage their fellow roll hunters in the area, lol.

 

On the one hand, given how little silver people have been finding, I'm not sure the big companies would find it worth their while to install separators on their industrial-scale sorting and wrapping machinery.

On the other hand, they already need separators to weed out slugs, foreign coins, and the like. If a separator kicks out off-weight or wrong-electromagnetic-signature coins, it'll kick out silver.

I'll also point back to this thread, in which I found N.F. String & Sons selling rolls of silver on eBay...

 

wow

 

the bank is trying to discourage their roll hunters with a $12 vistaprint stamper.
probably the thinking is they stamp the box, the dude searches and comes up empty, like they usually do, ( i know I usually do as far as silver goes), and they will stop coming back assuming it's pointless if they are looking for silver only.

same way that coinstar rejects silver and foreign, I'm sure the technology exists to sort out the silver if they wanted to bother with it. I'd think they aren't doing it though as long as you keep finding Panama and Canada in their rolls. hahahaha