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<p>[QUOTE="SorterX, post: 1260147, member: 30717"]BWR = MWR = FWR</p><p><br /></p><p>Fed wrapped roll is a misnomer. From my research the Federal Reserve banks do not wrap coins. My understanding (and someone correct me if I am wrong) of the circulation chain is that the US Mints manufacture the coins; these are sent in large bags to the Federal Reserve banks. The Fed banks take orders for bags from armored car services (e.g. Brinks, Garda, Loomis, etc.) who do the actual counting and wrapping; the armored car services take orders from banks and deliver coins. Banks, in turn, circulate the coins into the hands of businesses and consumers.</p><p><br /></p><p>As coins come back to the banks, every once in a while (I don't know the frequency) banks bag the coins and return them to the armored services. They count and wrap the coins to return to banks. Again, every once in a while (I don't know the frequency), the armored services bag the coins and return them to the Fed banks for inspection, where they pull damaged, worn, and foreign coins out. The Fed banks will deliver circulated coins before they deliver the newly minted coins to the armored services. The circulated coins are bagged, and delivered back to the armored services when they order more coins, which are then counted and wrapped.</p><p><br /></p><p>Again, it's kinda hard to find all this info, and I pieced it together from various sources, so I may have made some errors. If someone knows anything I got wrong, or left out, please let me know. I am going to look for some of the sources I used for this info and will post them a bit later; there was a really interesting story of how the armored services came to be, as a result of the Fed banks not counting/wrapping coins themselves.[/QUOTE]</p><p><br /></p>
[QUOTE="SorterX, post: 1260147, member: 30717"]BWR = MWR = FWR Fed wrapped roll is a misnomer. From my research the Federal Reserve banks do not wrap coins. My understanding (and someone correct me if I am wrong) of the circulation chain is that the US Mints manufacture the coins; these are sent in large bags to the Federal Reserve banks. The Fed banks take orders for bags from armored car services (e.g. Brinks, Garda, Loomis, etc.) who do the actual counting and wrapping; the armored car services take orders from banks and deliver coins. Banks, in turn, circulate the coins into the hands of businesses and consumers. As coins come back to the banks, every once in a while (I don't know the frequency) banks bag the coins and return them to the armored services. They count and wrap the coins to return to banks. Again, every once in a while (I don't know the frequency), the armored services bag the coins and return them to the Fed banks for inspection, where they pull damaged, worn, and foreign coins out. The Fed banks will deliver circulated coins before they deliver the newly minted coins to the armored services. The circulated coins are bagged, and delivered back to the armored services when they order more coins, which are then counted and wrapped. Again, it's kinda hard to find all this info, and I pieced it together from various sources, so I may have made some errors. If someone knows anything I got wrong, or left out, please let me know. I am going to look for some of the sources I used for this info and will post them a bit later; there was a really interesting story of how the armored services came to be, as a result of the Fed banks not counting/wrapping coins themselves.[/QUOTE]
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