Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is the government destroying Morgan Silver Dollars?
>
Reply to Thread
Message:
<p>[QUOTE="gatzdon, post: 261597, member: 8247"]coleguy, </p><p><br /></p><p>You are confusing the federal reserve bank with the US Mint.</p><p><br /></p><p>The federal reserve sends back out to circulation everything it receives as long as it's machine countable. AS the fed only accepts machine coutable coins, that covers every coin they receive. The even recirculate $1000 bags of eisenhower dollars. Get to know the person at your bank responsible for ordering coins and if they let you bug them every month, you will find a bag.</p><p><br /></p><p>The mint requires that all noncurrent coins be marked as such and can be sent back through the fed. All mutilated coins must be sent directly to the Mint in Philadelphia and they only pay melt value for mutilated coins.</p><p><br /></p><p>It's all in the cash handling procedures from the Federal Reserve Banks.[/QUOTE]</p><p><br /></p>
[QUOTE="gatzdon, post: 261597, member: 8247"]coleguy, You are confusing the federal reserve bank with the US Mint. The federal reserve sends back out to circulation everything it receives as long as it's machine countable. AS the fed only accepts machine coutable coins, that covers every coin they receive. The even recirculate $1000 bags of eisenhower dollars. Get to know the person at your bank responsible for ordering coins and if they let you bug them every month, you will find a bag. The mint requires that all noncurrent coins be marked as such and can be sent back through the fed. All mutilated coins must be sent directly to the Mint in Philadelphia and they only pay melt value for mutilated coins. It's all in the cash handling procedures from the Federal Reserve Banks.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is the government destroying Morgan Silver Dollars?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...