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<p>[QUOTE="coleguy, post: 261563, member: 9167"]There's still the misconception, I see, that the Fed. Res. sorts coins for silver and such, which isn't quite true. Someone already said, but I'll repeat, that coins leaving the Fed are sorted, but those coming in are not, at least in the sense of picking out the silver. Everything coming into the Federal Reserve branches never see the light of day again, because they have been sent there because of age or ware. Silver, copper, clad, paper...it's all recycled once it comes in. Anyone who owns a nice new silver eagle...chances are it started life as a nice new Morgan a hundred years earlier.</p><p> </p><p>But, the good news is, coinage doesn't get sent in too often. I read once where the lifespan of a typical coin was supposed to be three years, but the average stays in circulation more than 20! That tells me it's not just us who hoard money...the banks do as well, which is good news for silver hunters.</p><p>GUy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 261563, member: 9167"]There's still the misconception, I see, that the Fed. Res. sorts coins for silver and such, which isn't quite true. Someone already said, but I'll repeat, that coins leaving the Fed are sorted, but those coming in are not, at least in the sense of picking out the silver. Everything coming into the Federal Reserve branches never see the light of day again, because they have been sent there because of age or ware. Silver, copper, clad, paper...it's all recycled once it comes in. Anyone who owns a nice new silver eagle...chances are it started life as a nice new Morgan a hundred years earlier. But, the good news is, coinage doesn't get sent in too often. I read once where the lifespan of a typical coin was supposed to be three years, but the average stays in circulation more than 20! That tells me it's not just us who hoard money...the banks do as well, which is good news for silver hunters. GUy~[/QUOTE]
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