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Toned Morgan - end of roll or "manufactured" ?
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<p>[QUOTE="Paddy54, post: 2782391, member: 19250"]And it wasn't Banks whom rolled them....the branch banks of the Federal Reserve system rolled them. The only bank rolled coins were hand rolled on flat sheets.</p><p>The branch banks received coinage from the mint. Mostly in bags of 1000 for dollars.</p><p>The truck would pull into the back of the bank. The doors were closed,and a turn table would turn the truck around to the loading dock. This was done for security reasons .</p><p>The bags off loaded were loaded onto dollies, and taken to several rooms that were more so cages that housed machine rollers. </p><p>Different cages rolled different denomination of coins.</p><p>Banks would then place a order for the coins needed by their customers .</p><p>Now remember during this period banks used quite a bit of coinage.....as a dollar was a lot of money.</p><p>How do I know this my father worked 47 years for the Federal Reserve . He held quite a few positions from the age of 15 when he and my uncle started, and retired @ 62 as a Federal Reserve Agent . Who issued and destroyed currency , before that he ran the non cash collection dept. Yes Checks.....unlike today's check processing all checks written went through a branch or a Federal Reserve bank to be cleared for payment.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 2782391, member: 19250"]And it wasn't Banks whom rolled them....the branch banks of the Federal Reserve system rolled them. The only bank rolled coins were hand rolled on flat sheets. The branch banks received coinage from the mint. Mostly in bags of 1000 for dollars. The truck would pull into the back of the bank. The doors were closed,and a turn table would turn the truck around to the loading dock. This was done for security reasons . The bags off loaded were loaded onto dollies, and taken to several rooms that were more so cages that housed machine rollers. Different cages rolled different denomination of coins. Banks would then place a order for the coins needed by their customers . Now remember during this period banks used quite a bit of coinage.....as a dollar was a lot of money. How do I know this my father worked 47 years for the Federal Reserve . He held quite a few positions from the age of 15 when he and my uncle started, and retired @ 62 as a Federal Reserve Agent . Who issued and destroyed currency , before that he ran the non cash collection dept. Yes Checks.....unlike today's check processing all checks written went through a branch or a Federal Reserve bank to be cleared for payment.[/QUOTE]
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Toned Morgan - end of roll or "manufactured" ?
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