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<p>[QUOTE=&quot;Conder101, post: 650753, member: 66&quot;]Once the mint waffles the defective coins as far as the government is concerned they are no longer coins and the are sold as scrap metal.&nbsp; Sometimes back to the companies that produce strip for the Mint in which case they are recycled, but other vendors can buy the scrap as well.&nbsp; Sometimes they recycle the metal but sometimes some of the waffled coins are sold into the marketplace.</p><p><br /></p><p>The mint started waffling the coins because until that time the rejected or defective coins were still coins and had to be guarded the whole time while they were being shipped back to the recyclers and guarded until they were finally melted down.&nbsp; Quite expensive to do.&nbsp; Once they were waffled and no longer coins they didn&#039;t have to be guarded any more.[/QUOTE]</p><p><br /></p>

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