Do the Feds pull silver?

Discussion in 'US Coins Forum' started by asuphiphi, Apr 14, 2011.

  1. asuphiphi

    asuphiphi Active Member

    I just was wondering because, I ordered 2 boxes of halves, and both were from the feds and I got nothing.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Derekg

    Derekg Member

    The feds "supposedly" do not take the silver coins as of now. You might just have bad luck :\.

    Good Luck Roll Searching =].
     
  4. newcoinguy

    newcoinguy Member

    I was told the war nickles from 42-45 were minted with the intent of being pulled not sure if it ever happened? sure seem to be allot floating around!
     
  5. desertgem

    desertgem Senior Errer Collecktor Supporter

    More than likely the boxes were not from the fed , but were from the armor delivery or wrapping company. New coins from the mint arrive there in containers that need a forklift. These are then wrapped for distribution. If the company has received coins back from the banks, they just re-roll them also, sometimes along with new ones. It is "said" that some delivery companies do extract silver coins if detected.

    If your 2 boxes of coins could talk , they might say they have had several round trips, as many have looked for silver for a long time. In 2005, I searched 3 boxes of halves and found 3 full rolls of 90% halves. Last year 2 boxes with results like yours :( No more time wasting as all of the banks here use the same delivery company.

    jim
     
  6. asuphiphi

    asuphiphi Active Member

    [:( No more time wasting as all of the banks here use the same delivery company.

    jim[/QUOTE]

    I just sold all my silver coins... must prevail and go on a 3 hour trip to every bank i see!
     
  7. Tater

    Tater Coin Collector

    Same here. A couple of years ago every box had some now the last ten or so nothing I've stopped searching. Do the make a coin sorting machine that can sort out the silver coins?
     
  8. desertgem

    desertgem Senior Errer Collecktor Supporter

  9. vipergts2

    vipergts2 Jester in hobby of kings

    I wouldn't think the fed would need to pull silver because all us collectors are doing it for them. Since the price of silver rose everybody is getting in on the game.
     
  10. asuphiphi

    asuphiphi Active Member

    I'll report back after 3 hours of driving from bank to bank today. haha
     
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    That was the original intent. They placed the large mintmark above the dome of Monticello so that they could be spotted easily for the expected recall. The plan backfired because so many people liked the design that the nickels were being hoarded by everyone.

    I just got a 1944-P in change this morning from the local 7-11.

    Chris
     
  12. 10gary22

    10gary22 Junior Member

    I quit searching for silver entirely last year. I only grab a few rolls of whatever the tellers have when I buy the cent boxes to search. It's only for a change of pace for when I get tired of searching the cents. I went for nearly 2 years and only found a couple of 40% halves and a few dimes. Of course, coins in Las Vegas get sorted by EVERYBODY ! Casinos, coin companies, individuals, etc Going for silver was a complete waste of time.

    I have also noticed that copper cents are becoming more scarce. I still pull all of them I find, but finding them is becoming difficult. That tells me a lot.

    gary
     
  13. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I don't know why anyone would waste their time searching rolls for silver in Vegas anyway. You can go into almost any casino and play a Silver Strike machine. It costs 75c per game, and you can win from from one to three $10 silver strikes. For every $20 I played, I would win 2-4 Silver Strikes. Each Silver Strike contains about 1/2oz of .999 fine silver. I have 56 of them, and my total outlay was $200. Do the math!

    Chris
     
  14. Ripley

    Ripley Senior Member

    Feds pull silver ???? Heck they steal the copper pennies out of a dead mans eyes !!!
     
  15. SWThirteen

    SWThirteen Needs a 24/7 Coin Shop

    That's a pleasant thought.
     
  16. afm1982

    afm1982 Miami has the Dolphins...

    I concur with others in the thread regarding boxes.

    Banks do get their money from regional depository offices that the money delivery people use. With Halves, since they don't really circulate like quarters, dimes or nickels, there is a higher chance that someone has searched and dumped rolls at a bank. The bank doesn't know what to do with hundreds of dollars in halves, so they send it back to the depo. The depo will then send it back out when another bank orders them (presumably for a customer that will search for silver, then dump elsewhere.) So, it is my theory, that boxes of halves are just being cycles around by silver searchers.

    Back in 2007-2008, I would get boxes of halves just for this purpose. A good box would net 4-6 silver (usually clads). I would actually spend them all (you should see the look by a cashier when I would buy $40 or so in clothes in all halves.) By the end of 2008 though, I went through a string of 20 boxes in a row, from different banks, and bank branches, without a single silver coin. So, I stopped. I was living in Orlando, Fl at the time, so it wasn't like it was a small town. I figured that I had gone through the stock, and there wasn't anything left to pick out.
     
Draft saved Draft deleted

Share This Page