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<p>[QUOTE="cladking, post: 168592, member: 68"]The mint doesn't sort coins but does store them. The FED is responsible for sorting coins but hasn't removed silver since 1969. There is not any silver in circulation to remove. A coin can't circulate when almost every individual who comes into possession of it will set it aside. Silver in "circulation" is almost invariably coin that has been pulled out of circulation and then rereleased because the owner thought it was more trouble than it was worth or it was inadvertantly spend through error or mishap. The FED itself barely handes coin at all anymore and contracts most of this work to Brinks, Purolator, and the like. </p><p><br /></p><p>Uncurrent coin can be returned to a New York address and is redeemed by weight. A lot of this isn't worth the shipping cost for small amounts and ends up in the garbage stream. Virtually none of it will be silver because no one in his right mind would sell silver to the mint at face value. Old cents and nickels would not be removed from circulation. Most of the old coins are removed by collectors and the general public. </p><p><br /></p><p>There are some huge generators of uncurrent coin. The Nashville Dump is said to ship truckloads of damaged cents each year that are "mined" from their incinerators. People don't consider these coins worth the effort to pick up and many people just toss change right in the garbage.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 168592, member: 68"]The mint doesn't sort coins but does store them. The FED is responsible for sorting coins but hasn't removed silver since 1969. There is not any silver in circulation to remove. A coin can't circulate when almost every individual who comes into possession of it will set it aside. Silver in "circulation" is almost invariably coin that has been pulled out of circulation and then rereleased because the owner thought it was more trouble than it was worth or it was inadvertantly spend through error or mishap. The FED itself barely handes coin at all anymore and contracts most of this work to Brinks, Purolator, and the like. Uncurrent coin can be returned to a New York address and is redeemed by weight. A lot of this isn't worth the shipping cost for small amounts and ends up in the garbage stream. Virtually none of it will be silver because no one in his right mind would sell silver to the mint at face value. Old cents and nickels would not be removed from circulation. Most of the old coins are removed by collectors and the general public. There are some huge generators of uncurrent coin. The Nashville Dump is said to ship truckloads of damaged cents each year that are "mined" from their incinerators. People don't consider these coins worth the effort to pick up and many people just toss change right in the garbage.[/QUOTE]
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