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How big is the Loomis half dollar "pool"?
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<p>[QUOTE="Sullysullinburg, post: 3051243, member: 73996"]Here’s my thinking, Loomis simply keeps whatever they have. I don’t know how many distribution centers they have but, I think each center simply takes in coins from various banks be it rolled or in bags, sorts it, wraps it, boxes it, and sits on it till it is requested. From my best understanding of the process, banks will make a “order” with Loomis or a similar company and they are then shipped those coins. Now for let’s say, small dollar coins, if the stock becomes large enough, they might simply send them off to a Fed bank, and if the demand becomes more they they are taking in, they simply would request some from a Fed bank. The thing with half dollars (and large dollars) is they are no longer made for circulation, so if there was to be a spike in the demand for half dollars (or a drop in the supply they are taking in) getting some from a Fed bank might be very difficult. So my guess is, they just stick with what they have, and keep it all within the Loomis system. This way, should there be a need for coins, it could simply be transferred between different Loomis centers. Now since you live in what is proabably a larger area, smaller district might take coins from your district, meaning that some of the time, you’ll be getting coins you’ve searched for, and some of the time they will be sent off elsewhere. Marking a coin isn’t a bad idea but overall I don’t think it will change much. There will always be people that aren’t you dumping coins into the system and taking them out never to be seen again.[/QUOTE]</p><p><br /></p>
[QUOTE="Sullysullinburg, post: 3051243, member: 73996"]Here’s my thinking, Loomis simply keeps whatever they have. I don’t know how many distribution centers they have but, I think each center simply takes in coins from various banks be it rolled or in bags, sorts it, wraps it, boxes it, and sits on it till it is requested. From my best understanding of the process, banks will make a “order” with Loomis or a similar company and they are then shipped those coins. Now for let’s say, small dollar coins, if the stock becomes large enough, they might simply send them off to a Fed bank, and if the demand becomes more they they are taking in, they simply would request some from a Fed bank. The thing with half dollars (and large dollars) is they are no longer made for circulation, so if there was to be a spike in the demand for half dollars (or a drop in the supply they are taking in) getting some from a Fed bank might be very difficult. So my guess is, they just stick with what they have, and keep it all within the Loomis system. This way, should there be a need for coins, it could simply be transferred between different Loomis centers. Now since you live in what is proabably a larger area, smaller district might take coins from your district, meaning that some of the time, you’ll be getting coins you’ve searched for, and some of the time they will be sent off elsewhere. Marking a coin isn’t a bad idea but overall I don’t think it will change much. There will always be people that aren’t you dumping coins into the system and taking them out never to be seen again.[/QUOTE]
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How big is the Loomis half dollar "pool"?
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