Devices that will separate silver coins from clad
logger7
Posts: 8,521 ✭✭✭✭✭
I was talking to a guy at a shop today who said that said his friend invented a device that will separate silver coins from clad; he gets large amounts in bulk and is able to make a lot of money doing this. Why aren't banks and other money handlers doing this already?
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Search youtube for copper silver coin sorters.
I used to work in bookkeeping in a retail store. The coin counter would reject silver coins.
coinstar separates it, as does all the coin sorters used by banks due to different weights of silver / clad.
The whole worlds off its rocker, buy Gold™.
It was easy back in the 60's; old man Sam Sloat bought war nickels in large quantity from the banks and was able to make big money on the premiums.
It's hard to believe that any entity with quantity, banks, vendors, Coin Star doesn't have a system to separate the premium coins and turn around and sell them for top dollar.
Most of the big banks don't even have coin sorters. They send them off to Brinks who sorts/rolls them and sends back a receipt to the bank with the amount of coins counted. I can guarantee you with 100% certainty you will NEVER find a silver coin in a Brinks wrapped roll.
The whole worlds off its rocker, buy Gold™.
I don't believe that . I used to search rolls all the time and found stuff in brinks rolls. I never bought dime or quarter rolls but when I bought nickle rolls I found plenty of war nickles . For that matter I found foreign coins in the rolls and dimes in penny rolls now and then too.
How long ago was that? I'm guessing that was not recently?
The whole worlds off its rocker, buy Gold™.
well I gave up on pennies 2 years ago when I needed glasses to read the dates
. I guess I gave up on nickles about the same time?
Around 2008 I was actively searching halfs and pulled hundreds of dollars in 90% silver and 40% silver out but that was probably before they were mining those which I imagine would have started around 2010 or 2011
I have found a Walker in a roll of halves... last year.... However, I have searched hundreds of rolls and prior to that, never even found a 40% Kennedy.... Cheers, RickO
Fingers?
Knowledge is the enemy of fear
Ears ?
Eyes?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A "ryedale sorter" is what I believe you're looking for.