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<p>[QUOTE=&quot;cladking, post: 581748, member: 68&quot;]You guys have it basically right but the FED branches do very little in handling coins now days.&nbsp; This job is contracted out to the counting houses like Loomis and Brinks.&nbsp; They are required to return errors.&nbsp; </p><p><br /></p><p>While the FED removes bent and damaged coins in theory this isn&#039;t true in practice.&nbsp; The banks set their discriminators and counters to a much finer setting than the counting houses so anything that can get through the bank will probably get through the counting houses.&nbsp; This leaves the bent and damaged coins with consumers who must spend them somewhere.&nbsp; I&#039;ve seen the bent coins seem to be getting a lot of wear in recent years.&nbsp; </p><p><br /></p><p>The FED still orders coin from the mint and manages the flow but coins just don&#039;t physically go in or out of the FED branches anymore.&nbsp; </p><p><br /></p><p>Sincwe 1972 the mint and FED have used FIFO accounting which requires that coin stocks be rotated.&nbsp; This has assured that there are&#039;t old uncirculated coins sitting in storage as was the case before that.&nbsp; Most of the FED branches have had significant amounts of coins siitiing in storage for emergency purposes for may years.&nbsp; Unfortunately due to the structural changes in the means of supplying coins these are probably &quot;stuck&quot; and haven&#039;t turned over in as long as a couple decades.&nbsp; This means possibly as many as about 80,000,000 quarters that haven&#039;t worn since 1992~.&nbsp; While there won&#039;t be anything like XF 1969&#039;s in there there would be many nice coins of many dates.&nbsp; There would also be a couple million uncs dated between about 1987 and 1994. A few will be gemmy.&nbsp; There should be a few entire pallets.&nbsp; </p><p><br /></p><p>Of course it&#039;s possible all or most of these have been returned to circulation since this condition existed in 1999.&nbsp; Vault space always has some premium and storing coins for many years doesn&#039;t make a lot of sense.[/QUOTE]</p><p><br /></p>

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