which is better (bags would be older style, aka not the forklift required ones). also, which armored car service usually has the best finds (LOOMIS, BRINKS, or another), or does it really matter
unless you have alot of money to exchange for coins, you can easily get the coins for roll searching from the bank. Especially if you're only getting one or two boxes of coins at a time.
i knew that, but some local banks use loomis, and some use brinks (of the ones that i've checked at), so was wanting to find out if it made a difference in the coins.
my thinking on the bags was more of the "errors" could get through, as i assume they don't get rolled; which wouldn't show up some of the size errors??)
I don't think it makes a difference, but than again, I've only gotten boxes of coins from one bank, so it might, but in my opinion, it's just the luck of the draw regardless of which coin wrapping company they use If you're looking for errors, bags will probably be your better bet for finding them for that reason, but I personally don't care much to find errors as much as I care to find obsolete coinage mixed in with the coins (i.e. coins that are no longer circulating, such as silver coinage, or wheat pennies). You won't find a whole lot of obsolete coinage in the the boxes, but even what you do find is worth going through the boxes and you'll find just as many serious errors (i.e. the ones that are more valuable, not just the couple percentage points off center coins, but rather the 10% or more off center), as you would obsolete coinage in the boxes, not that much, but still, what you do find is well worth your time going searching for them.
In Houston for the most part Wells Fargo seems to use Brinks and Chase uses Loomis, not sure about the other banks or credit unions. These bags ya'll are talking about where would one get them from? How big are they? (dollar amount they are available in) Whats the difference between the bags and the boxes?
from what i read on here, a bag (at least the smaller ones) are the equivalent of 2 boxes, in whatever denomination
I asked this question in a recent thread..didn't really get a definative answer. I have found that it seems like Brinks tends to somehow "filter" their coins of older stuff. I don't know if this is true everywhere but it seems to be the case around me. Brinks uses clear plastic to wrap theirs vs paper. I speculated that that they have some more accurate sorters, maybe laser or something that reads through the plastic.
Wells Fargo still uses paper wrappers in Houston. Will have to ask the bank about bags. Does anyone get coins directly from Brinks or Loomis? Is that even possible?
i'm not sure, but those are some of the companies that service banks, so naturally there may be a difference.
I don't think that is possible , as the armored car services contract with the Federal Reserve to deliver their inventory directly to FDIC insured banking facilities. Now they will pickup from sites that have those coin changer machines and other deposit private businesses and deliver to their facility for deposit preparation or direct deposit to a bank. Which brings up an interesting question. I wonder if that changer machine corporation has a measure to cherry pick those inventories for any rarities. I hate those machines, and at any opportunity I have to buy bulk change from friends or neighbors or people on the way to the bank with rolled coin , I do. You never know.
