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<p>[QUOTE="Fifty, post: 914867, member: 24555"]well here goes, hope you can follow my rambling. My questions pertain mostly to roll searching. </p><p> </p><p>1) Do Armored Carriers actually process coins or do they just transport them from place to place? That being said who holds legal title to coins/currency in the truck? Does it belong to the bank the whole time, the carrier until the bank signs for it? I know someone that works at the Atlanta FRB and he said that title vests in the carrier when it leaves the fed dock and vests in the Fed when it touches the fed dock. </p><p> </p><p>2) I know that some banks maintain coin warehouses. Do they search coins/weigh for sliver or do they just roll them up? Same question for armored carriers? If banks send out surplus coin are the carriers busting open home rolls and rerolling them by machine? If so they need to check their machines because I've had many that were over/short. </p><p> </p><p>3) Do carriers actually maintain inventories of coin/currency to distrubute and if so do they "own" the coin/currency or are they just transporters? Are they independent of the Fed system or concurrent?</p><p> </p><p>4) If carriers/bank warehouses are searching for silver or other valuable coins what happens to them? Do they have contracts to sell 90% and 40% bags to places like Monex and APMEX? I've noticed that dealers seem to have an endless supply of these coins, where are they coming from?[/QUOTE]</p><p><br /></p>
[QUOTE="Fifty, post: 914867, member: 24555"]well here goes, hope you can follow my rambling. My questions pertain mostly to roll searching. 1) Do Armored Carriers actually process coins or do they just transport them from place to place? That being said who holds legal title to coins/currency in the truck? Does it belong to the bank the whole time, the carrier until the bank signs for it? I know someone that works at the Atlanta FRB and he said that title vests in the carrier when it leaves the fed dock and vests in the Fed when it touches the fed dock. 2) I know that some banks maintain coin warehouses. Do they search coins/weigh for sliver or do they just roll them up? Same question for armored carriers? If banks send out surplus coin are the carriers busting open home rolls and rerolling them by machine? If so they need to check their machines because I've had many that were over/short. 3) Do carriers actually maintain inventories of coin/currency to distrubute and if so do they "own" the coin/currency or are they just transporters? Are they independent of the Fed system or concurrent? 4) If carriers/bank warehouses are searching for silver or other valuable coins what happens to them? Do they have contracts to sell 90% and 40% bags to places like Monex and APMEX? I've noticed that dealers seem to have an endless supply of these coins, where are they coming from?[/QUOTE]
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