How does brinks get all their coins

Discussion in 'Coin Chat' started by sweet wheatz, Sep 4, 2009.

  1. sweet wheatz

    sweet wheatz Senior Member

    I know that the get money from coinstars and bank machines, but what other ways do they get money.

    I am askng because I have been seeing quite alot of foreign currancy in brinks cent boxes and I know they won't work in the coinstars and bank machines.
     
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  3. hontonai

    hontonai Registered Contrarian

    Well, they certainly don't get world coins mixed in with the ones from the Mint.
     
  4. itsallngoodtime

    itsallngoodtime Beachhunter

    Thats funny that you asked, I posted some coins last week that I had in my pocket when I got home and one of them was a 1942 1 cent coin from the netherlands. Maybe someones helping them dump there old coins on us? but I might be ok with it if there some rare ones LOL
    Bob
     
  5. TheNoost

    TheNoost huldufolk

    there is a site (can't remember where) that gives lists of foreign coins that look like American. THing is, they cost pennies, or sometimes fractions of pennies, on the dollar. I would imagine quite a few rolls get passed with those coins inside.
     
  6. HULL COINS

    HULL COINS Member

    Well how do you get coins from coinstar except through the return at the bottom. I see silver dimes at a part I cant reach. any suggestions
     
  7. WLhalves

    WLhalves Member

    a new pencil with bubblegum stuck to the end :D
     
  8. HULL COINS

    HULL COINS Member

    really? lol beyond me. doesnt anyone look at u crazy.lol
     
  9. yakpoo

    yakpoo Member

    I lived in South Korea for a time and the 100 won coin is the EXACT size and weight as the US quarter....but they only cost about 10 cents.

    Some people (not me!) used to bring back bags of them because they are accepted as quarters in US vending machines. I suppose some of them may have found their way into a Brinks truck from time to time.
     
  10. Pyrbob

    Pyrbob Member

    My bank uses Brinks and because of my roll searching I have some understanding of the relationship between the bank and Brinks. Because of the cost of handling and storing coins the bank likes to only keep enough coin on hand to satisfy the demand of customers/businesses taking them. When they get more rolls in then they need they just dump them into bulk bags and send them back to Brinks. They get charged by Brinks whenever they order coins and when they send coins back so this is a balancing act they do each week. The foriegn coins are hidden in these rolls that are dumped into the bags and sent to brinks. Mechanically they can easily be sorted out. Tellers are required to remove them from their drawers and not pass them out. But when the tellers dump rolls into bulk bags they can sneek thru and get passed back to Brinks.
     
  11. Just Carl

    Just Carl Numismatist

    Brinks has a separate departement of individuals that go out at night and steal money from everywhere. They've been doing this for several hundred years and now have a substancial supply of everything. :whistle:
    You too could join them by applying with thier BANC division. BANK = Brinks At Night Cash. :rolleyes:
     
  12. GypsyTears

    GypsyTears Mammy 2 shoes

    If brinks can sort out foriegn coinage then why can't they sort out silver?
     
  13. TomCorona

    TomCorona New Member

    I believe they can and do.
     
  14. hrhomer

    hrhomer Member

    I get them all the time as a cashier - several times a month. Also Phillipine 1-peso coins, worth about 2 cents. A year or so ago, I was sweeping up outside, and found a Korean 1000-won note just sitting on the ground. Worth about 96 cents at the time.

    Joe
     
  15. Pyrbob

    Pyrbob Member

    If Brinks can sort out foriegn and silver coins then why do the sealed boxes from Brinks of cents and nickels I get from my bank have foriegn coins in them and why do the Brinks sealed Half dollar boxes have 90% Franklins and Kennedys and 40% Kennedys in them? I haven't seen any indication yet in my area that they sort out any coins.
     
  16. GypsyTears

    GypsyTears Mammy 2 shoes

    That is why I still order boxes.
     
  17. TomCorona

    TomCorona New Member

    When searching half boxes ,you can occasionally find small quantities of silver, usually less than 0.2 percent of the time. Searching pennies, I find the obligatory wheatie (never too old) always about midway through a roll every 15-20 rolls or so. Seems to me that if the wheaties were truly of a randon nature, they'd appear in random quantities and in other places besides directly in the middle, one at a time, but I could be wrong.
    I don't guess anyone knows what the globs of waxy substance is that I find all the time on them. I just thought maybe, given the economy, they might have found a way to better increase their bottom line, as everyone is looking to do. Just speculation based on actual experiences.
     
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