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<p>[QUOTE="Jezzer, post: 959486, member: 26162"]I just asked the bank teller in my family. She says the Feds do not remove the coins (Ikes or SBAs) from circulation at least from the bank branch she works at.</p><p><br /></p><p>However, I was watching a tech show on the History Channel earlier this summer and they were going on about the coin sorting machines in this particular episode. Apparently after the armored truck companies pick up the coins from the coin sorter machines - which are found at many supermarkets and megastores - they take the coins to their secure sorting facilities. The coins that are damaged physically or are outside of an error range for their weight are rejected from the sorting process.</p><p><br /></p><p>After the first reject the coins that are not physically damaged are put through a much smaller and slower sorting machine. IF the coins fail the second sorting process they are combined with the physically damaged coins and sent back to the mint for exchange on face value - <a href="http://www.cointalk.com/t121375/#post958497" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t121375/#post958497"><u>as robbudo stated above.</u></a> I freaking love the History Channel for stuff like this!</p><p><br /></p><p>Apart from the coin sorting companies I think that we as collectors are the next largest source of removing coinage/currency from circulation.[/QUOTE]</p><p><br /></p>
[QUOTE="Jezzer, post: 959486, member: 26162"]I just asked the bank teller in my family. She says the Feds do not remove the coins (Ikes or SBAs) from circulation at least from the bank branch she works at. However, I was watching a tech show on the History Channel earlier this summer and they were going on about the coin sorting machines in this particular episode. Apparently after the armored truck companies pick up the coins from the coin sorter machines - which are found at many supermarkets and megastores - they take the coins to their secure sorting facilities. The coins that are damaged physically or are outside of an error range for their weight are rejected from the sorting process. After the first reject the coins that are not physically damaged are put through a much smaller and slower sorting machine. IF the coins fail the second sorting process they are combined with the physically damaged coins and sent back to the mint for exchange on face value - [URL="http://www.cointalk.com/t121375/#post958497"][U]as robbudo stated above.[/U][/URL] I freaking love the History Channel for stuff like this! Apart from the coin sorting companies I think that we as collectors are the next largest source of removing coinage/currency from circulation.[/QUOTE]
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