Do coin rollers like N.F. String & Son have ways to search for silver coins

jessewvu · September 4, 2009 12:06AM

I was wondering if the major coin rollers have ways of picking out silver coins as they are being processed. Anyone know?

PerryHall · September 4, 2009 1:09AM

It may have made sense in the late 1960's but I doubt they would even bother these days.

coindeuce · September 4, 2009 3:18AM

N.F. String is only a supplier of paper coin and currency wrapping products. There may be a manufacturer of a coin counting machine that is advanced enough in technology to be able to separate silver coins from clad, but it would be prohibitively expensive, and less than practical or cost effective at this point in time.

wayneherndon · September 4, 2009 3:21AM

NF String makes wrapping paper. They don't wrap coins. That's done by armoured car companies under contract with banks.

19Lyds · September 4, 2009 6:50AM

<< NF String makes wrapping paper. They don't wrap coins. That's done by armoured car companies under contract with banks. >>

And who wraps the Presidential Dollar Rolls shipped by the US Mint?

LindeDad · September 4, 2009 7:43AM

<< And who wraps the Presidential Dollar Rolls shipped by the US Mint? >>

Is'nt that done by Pittney Bowes goverment Services now, what used to be the Fullfillment center.

GritsMan · September 4, 2009 8:09AM

Don't regular counting machines kick out silver? If so, I'd expect the rolling companies to be separating everything, but what do I know?

cladking · September 4, 2009 8:40AM

<< Don't regular counting machines kick out silver? If so, I'd expect the rolling companies to be separating everything, but what do I know? >>

Vending machines use discriminators which can easily be set to
kick out silver (and most are) but the counting houses have far
too great of volume to run them through such machines. There
are far simpler inertial separators which can be employed but it
would be another step as well.

Apparently some rollers are removing copper cents and some
might be removing silver but the payoff on silver would be so low
it's hard to imagine this practice being widespread.

An eagle eyed operator could grab a lot of the silver.

RWB · September 4, 2009 8:46AM

I understand from an acquaintance at Brinks that they have a copper separator in one facility, but it is not being used since the company can't do anything with the coins. He didn’t know about any silver.

tahoe98 · September 4, 2009 8:49AM

<< 

<< NF String makes wrapping paper. They don't wrap coins. That's done by armoured car companies under contract with banks. >>

And who wraps the Presidential Dollar Rolls shipped by the US Mint? >>

.......coin czar?

SaorAlba · September 4, 2009 11:05AM

I cannot see why it would be worth their time, the amount of silver circulating is very very small as a percentage. Frankly their bigger issue with profitability is Canadian coinage, well when the dollar was worth more than the C$. Lately the C$ has been fairly close. I don't care for getting Canadian coins, other than cents, because I cannot turn them into the bank.

gargoyle62 · September 5, 2009 1:18PM

I use to process coin for an armoured car company that had an "outside" coin wrap operation in house (if that makes sense). The employees of the coin wrap company were not allowed to sort through coin as it wasn't their property and would therefore be considered stealing. The coin wrap machines did seem to kick out a lot of silver though. I know because I was the person who sorted through the "rejects" to reclaim usable currency. I found some very interesting coins in the 3 years I worked there

MadMonk · September 5, 2009 1:42PM

I know a dealer who gets a lot of silver coins from a few Armored Car type companies. How they sort it, I don't know.

gargoyle62 · September 5, 2009 1:53PM

The armored car company I worked for had a Jet Sort machine into which I would dump a bag of mixed coin, and the machine would seperate (and total) the mixed coin into the different denominations. On lighter days, I was able to take my time running the coin and pull out the silver, the proofs and anything else that caught my eye. At that time, I was allowed to take out whatever I wanted as long as I replaced that amount with change out of my pocket.