Copper Catcher wrote:If you are located in the eastern US I have the answer....
There was a recent order put in with Brinks and Coinstar to pull and sort out all the 95% copper pennies for a certain client. Brinks has a machine called a Super Sorter that they developed back in the 1990s that does this in short order....Brinks handles more than $3.0 billion worth of coin each year!
They started processing several weeks ago and it is now starting to show up and you will see a lot more skunk boxes for quite some time.
There is more to the story but this is the short answer....
tinhorn wrote:Copper Catcher wrote:If you are located in the eastern US I have the answer....
There was a recent order put in with Brinks and Coinstar to pull and sort out all the 95% copper pennies for a certain client. Brinks has a machine called a Super Sorter that they developed back in the 1990s that does this in short order....Brinks handles more than $3.0 billion worth of coin each year!
They started processing several weeks ago and it is now starting to show up and you will see a lot more skunk boxes for quite some time.
There is more to the story but this is the short answer....
Dude, I'm in the eastern US, and I've just invested more money than I should have in sorting and processing equipment. I'd sure like to know the "more to the story" part.
United States Patent 4,898,564
Gunn , et al. February 6, 1990
Apparatus for coin sorting and counting
Abstract
This is a coin sorting and counting apparatus for providing very accurate high throughput processing of heterogeneous coin mixtures. A rotating drum having parallel annular channels, each of which has equally spaced counterbores located around it is rotated within a vacuum plenum. A novel sensor coil contructed as a balanced transformer of four coils having rectangular geometries is used, in conjuction with a dual frequency excitation signal, to detect at least three electronic signatures for each coin, the signatures are detected by separating the frequency components in the output of the sensor coil and obtaining a peak value for the excursion of the high frequency response caused by passage of the coin, and width values corresponding to the time the excursion of the signal was above a predetermined threshold for both the high and low frequency responsive channels. Based on the denomination determined, appropriate signals are inserted into a coin ejection memory queue which is shifted in synchronism with rotation of the drum. The memory queue is constructed so that an appropriate air valve will be activated when the detected coin is over an appropriate one of a plurality of coin receiving stations. A set of lag sensors are used downstream from the coin ejecting air valves to confirm proper ejection of the coins. Separate calibration values for the signature signals are acquired and saved for each counterbore location to offset the effects of variations in circuitry on a channel-by-channel basis and slight mechanical irregularities in movement of the counterbores past the sensor array.
Inventors: Gunn; William L. (Atlanta, GA), Heath, Jr.; William D. (Breman, GA), Mantovani; John C. (Lilburn, GA)
Assignee: Brink's Incorporated (Darien, CT)
tinhorn wrote:Dude, I'm in the eastern US, and I've just invested more money than I should have in sorting and processing equipment. I'd sure like to know the "more to the story" part.
Copper Catcher wrote:There was a recent order put in with Brinks and Coinstar to pull and sort out all the 95% copper pennies for a certain client.
Copper Catcher wrote:Brinks has a machine called a Super Sorter that they developed back in the 1990s that does this in short order....Brinks handles more than $3.0 billion worth of coin each year!
Copper Catcher wrote:If you are located in the eastern US I have the answer....
There was a recent order put in with Brinks and Coinstar to pull and sort out all the 95% copper pennies for a certain client.
Copper Catcher wrote:If you are located in the eastern US I have the answer....
There was a recent order put in with Brinks and Coinstar to pull and sort out all the 95% copper pennies for a certain client.
Brinks has a machine called a Super Sorter that they developed back in the 1990s that does this in short order....Brinks handles more than $3.0 billion worth of coin each year!
They started processing several weeks ago and it is now starting to show up and you will see a lot more skunk boxes for quite some time.
There is more to the story but this is the short answer....
HoardCopperByTheTon wrote:When this sort of thing occurs.. as it did a couple of years ago.. you need to sort sorting your boxes with a scale. You just put the box of pennies on the scale and if it weighs 14.1 pounds it is a dud box.. you don't even have to crack the seal. Just put it in your outgoing stack. This will really speed up your sorting.
This is a post from Goldismoney.info a PM forum.....there is a big time copper guy that was in the copper sorting biz prior to the govt ban.....he has some insight as to why Brinks boxes offer so many skunks. This was posted Monday 8-4-08 at about 1:00PM:
Quote:
Originally Posted by Mined Games
But someone is doing some large scale sorting around here.
I got a call on July 3rd from the coin manager at the Denver Brinks location. He said, "I've got $80,000 in COPPER pennies sitting on the dock, and I was wondering if you wanted to buy them."
Short version: Brinks has upgraded their equipment nationally and has started to sort out all the copper pennies from the coins which they process on behalf of Coinstar. Coinstar sees a future market to resell these for a profit while at the same time cutting back on the amount of coins that they have to deposit with the bank (and therefore incur banking fees).
After a couple weeks of phone calls I ended up speaking for some time with the Chief Counsel at the US Mint. Basically, the ban on melting/export is still firmly in place. Despite rumors that Jackson Metals in Ohio was purchasing these coins from Coinstar and melting them under "special permit" from the US Mint, I was assured that all applications for special permit have been declined. The mint's chief attorney told me that the ban on melting/export/"treating" would continue until the following two conditions were met:
1. The US Congress grants approval for the mint to make cents and nickels out of an alloy of their choosing (They favor a bill introduced in the Senate recently by Wayne Allard -- #1986 if I remember correctly).
2. They MUST be able to make a penny for less than $0.01. Even if they switch alloys they are not convinced - given the current inflationary environment - that another alloy would bring the cost to under $0.01.
If both of these conditions were met they would lift the ban as soon as they were producing the new alloyed coins.
I probably shouldn't be sharing so many trade secrets, but as far as I can tell it is game over for my company, Pincher Processing, because Brinks, by upgrading their equipment, just cut me out of the chain.
BTW... coinstar is currently sorting out 3,000,000 copper cents PER DAY (5 days/week) in conjunction with Brinks nationally.
One more thing: The reason they wanted to sell me that $80,000 stack of copper cents is because their (Coinstar's) inventory is getting too large while waiting for the ban to be lifted. They wanted me to tie up capital in the waiting game. Coinstar does not "deposit" the copper cents, but they are held by Brinks as "inventory" on their balance sheet.
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