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<p>[QUOTE=&quot;bhp3rd, post: 548530, member: 16510&quot;]<b>Banks order coin from 3rd party counting/verifying companies</b></p><p><br /></p><p>Banks order coin from 3rd party counting/verifying companies such as Lumis, Brinks, Wells Fargo to name a few who roll these coins and box them.</p><p>Rarely do banks use what customers turn in because it must be verified - they find it more cost effective to send all there change out to be verified then order (already verified) coin from the same or different 3rd party companies.&nbsp; They feel it is more cost effective that way than having someone count it all each day - that&#039;s where I come in - I solicit their cents that are turned in to search for varieties from four or five branches that I am a member of.&nbsp; We even now know which times of the year that coin gets turned in.&nbsp; Late May before Memorial Day and right before and after Christmas are a couple of best times for turned in coin.</p><p>The 12 Fed banks are the only ones that I know of that can and do order coin directly from the mint.&nbsp; Therein lies the problem - with the advent of CoinStar in the last few years there is such a glut of coin available that thier (the mint&#039;s) need to order has dramatically decreased resulting in fewer new orders for new coin from the mint.</p><p>This is why for the first time I can ever remember that we are having trouble getting current year production coin during a particular year.&nbsp; We used to get them all by March at the latest.</p><p>Alas, those were the good ole days![/QUOTE]</p><p><br /></p>

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