Realcent.org

Found out my dump bank sends their coins to the Federal Reserve. Why are people happy when they discover this?
What happens to these coins? Is it because it takes a while for these coins to wind up in circulation again?
Or because the coins leave that particular searchers area and end up in another searchers box?

So far I have been dumping pennies on them. The largest dump I have brought them has been around $50.
I am scared to bring them $500 of halves at one time. But these halves would get sent to the Fed.
I have a half dump that takes the full $500 HAPPILY WITH NO QUESTIONS ASKED.
But I am 100% CERTAIN these are recirculated in the local area.
I want all the coins to GTFO of here so I can have brand new coins to search

http://www.federalreserve.gov/paymentsystems/coin_about.htm


Coin
The Federal Reserve's role in coin operations is more limited than its role in currency operations. As the issuing authority for coins, the United States Mint determines annual coin production. The Reserve Banks, however, influence the process by providing the Mint with monthly coin orders and a 12-month rolling coin-order forecast. The Mint transports the coin from its production facilities for circulating coin in Philadelphia and Denver to all of the Reserve Banks and the Reserve Banks' coin terminal locations.

The Reserve Banks distribute new and circulated coin to depository institutions to meet the public's demand. While the Reserve Banks store some coin in their vaults, they also contract with coin terminals to store, process, and distribute coin on behalf of the Federal Reserve. Armored carrier companies generally operate the coin terminals; the coin terminals have improved the efficiency of the coin-distribution system.

I have dumped many $thousands of halves. I am certain that they ALL (except for current bank requests) went back to the FED in Richmond, VA. I have no idea what the Richmond Fed did with them.

How do I know? I dumped halves for months and months on my Dunbar dump bank branches, usually $4K a week, while I got halves from my Brink's source bank. When Brinks' halves became terrible, I went back to my Dunbar dump bank and ordered halves there. I expected to see some of my old dumps. However, the Dunbar bank ran out of halves after a couple of months and they told me that they did not know when they would get more halves anytime soon. So, the $100K+ of halves I dumped on Dunbar, from Brink's, were never seen again. I dumped $30K of 1994-P BU halves onto Dunbar. I never saw them again too.

I'm back at Brink's since I got a tip that the halves were better again. My dumps are once again going back to Dunbar. I am confident that Dunbar is going to take the excess halves back to the Richmond Fed.

VWBEAMER wrote:http://www.federalreserve.gov/paymentsystems/coin_about.htm

Your signature quote is priceless!

hejira11 wrote:

VWBEAMER wrote:http://www.federalreserve.gov/paymentsystems/coin_about.htm

Your signature quote is priceless!