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Should be where's it at! 1972 penny doubled die confirmation.
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<p>[QUOTE="mynamespat, post: 2668161, member: 83738"]A multi-million dollar company, such as NF String, didn't design and build a machine specifically to pull copper cents out of circulation without first running the numbers to see if it was profitable. They have been around since 1929. This is not their first rodeo in regards to profiting by metal reclamation from circulation.</p><p><br /></p><p>I would estimate the top currency movers are poised to easily gross a million dollars each (that's giving a low estimate closer to 5-10% premium on copper cents) the first year the trade/melt ban is eliminated. After a certain point, they won't be able to maintain the same levels of profitability because of diminishing supply. However, they are all poised to be among the first and take the lion's share.</p><p><br /></p><p>When copper prices spike people assess more risk. They no longer care about the legality (some don't care about the legality ever.). It is not difficult to find forum posts dated around the last copper spike of people describing their backyard inventions to separate the metals. There are two different systems: an electrolysis set-up to create copper anodes, or by using known metallurgy techniques (melting and adding an agent to assist in seperation). In order to be profitable in either endeavor you would need to utilize economy of scale. </p><p><br /></p><p>Many raw coins would probably just end up in Japan or South Korea. Thus the real profiteers will be the exporters and shipping companies. During the last copper spike, export of cents was a growing problem for customs.</p><p><br /></p><p>The most glaringly obvious use of recycled copper from cents is making new guild copper.</p><p><br /></p><p>I don't understand why you assume there would be any new building of infrastructure. It already exists. What do you believe happens to cents after they are deemed not fit for circulation?[/QUOTE]</p><p><br /></p>
[QUOTE="mynamespat, post: 2668161, member: 83738"]A multi-million dollar company, such as NF String, didn't design and build a machine specifically to pull copper cents out of circulation without first running the numbers to see if it was profitable. They have been around since 1929. This is not their first rodeo in regards to profiting by metal reclamation from circulation. I would estimate the top currency movers are poised to easily gross a million dollars each (that's giving a low estimate closer to 5-10% premium on copper cents) the first year the trade/melt ban is eliminated. After a certain point, they won't be able to maintain the same levels of profitability because of diminishing supply. However, they are all poised to be among the first and take the lion's share. When copper prices spike people assess more risk. They no longer care about the legality (some don't care about the legality ever.). It is not difficult to find forum posts dated around the last copper spike of people describing their backyard inventions to separate the metals. There are two different systems: an electrolysis set-up to create copper anodes, or by using known metallurgy techniques (melting and adding an agent to assist in seperation). In order to be profitable in either endeavor you would need to utilize economy of scale. Many raw coins would probably just end up in Japan or South Korea. Thus the real profiteers will be the exporters and shipping companies. During the last copper spike, export of cents was a growing problem for customs. The most glaringly obvious use of recycled copper from cents is making new guild copper. I don't understand why you assume there would be any new building of infrastructure. It already exists. What do you believe happens to cents after they are deemed not fit for circulation?[/QUOTE]
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