http://realcent.forumco.com
http://realcent.forumco.com
Home | Profile | Register | Active Topics | Active Polls | Members | Private Messages | Search | FAQ
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 Bullion Coins and Metals Investing Forums
 Copper Penny Bullion Investing
 Interesting Information on Bagged Cents		  New Topic  New Poll New Poll
 Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Robarons
Penny Collector Member


USA
370 Posts
Posted - 08/15/2009 :  22:31:07  Show Profile Send Robarons a Private Message  Reply with Quote
Every so often I clean a local CU out of $50 Bags of cents and sort them. The bank is nice and the tellers are trilled to sell them to me. So its a cool connection.

On the bags now they stamp their address in a 'From' box and in the 'To' Box they stamp the address of my area's federal reserve bank. So it is safe to say they cut to the quick and give them directly to the FED. This is nice information to have.

So if I was to do a zinc dump these pure bags would go to the FED and would likey mix with other bags, decreasing copper percentage, but not likely to create dud boxes. Does this seem correct?

My eyes are open and I have seen the light.
Robber Baron= Robarons

Ant
Moderator



USA
842 Posts
Posted - 08/15/2009 :  22:52:24  Show Profile Send Ant a Private Message  Reply with Quote
I believe you are correct. My credit union sends the bags from their counters directly to the Fed, and their bags are full of my zincs.
No, man. You gotta keep goin'. What am I gonna do? Quit? That's not an option. Life's a garden. Dig it? You make it work for you. You never give up, man. That's my philosophy. --Joe Dirt

Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote

Wag more, bark less.
Go to Top of Page

Tourney64
1000+ Penny Miser Member



USA
1007 Posts
Posted - 08/16/2009 :  07:16:21  Show Profile Send Tourney64 a Private Message  Reply with Quote
I think there is more to it. I get my pennies from a local credit union that get's Brinks boxes. I marked the about 1000 zinc pennies with a Green T on the obverse. I dumped my zincs at another credit union that has a coin counting machine (bags them). That credit union also uses Brinks. I had several of my marked pennies in my Brinks box pickup the following week. There is no way that these pennies left Indianapolis for the Fed, and then came back to Indy within a few days.
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  New Poll New Poll
 Reply to Topic
 Printer Friendly
Jump To:
http://realcent.forumco.com © 2000-09 ForumCo.com Go To Top Of Page
This page was generated in 0.11 seconds. Snitz Forums 2000
RSS Feed 1 RSS Feed 2
Powered by ForumCo 2000-2008
TOS - AUP - URA