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January 01, 2013, 11:02:09 PM |
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id imagine the process of melting [lets say] pennies would require cleaning the surface of oxidation, dirt, greases, etc and doing this would incur additional cost.
LETS PRETEND (i dont know exact numbers):
penny is actually worth 1.5 cents of raw metal costs 0.1-0.2 cents per coin to properly clean the material costs 0.2 cents per coin to heat to melting temperature takes TIME to clean and smelt the coins, lets say for a single "batch" its 1hr cleaning and 1hr smelting). Additional time to sort coins and remove debris
At this point, it would profit about 0.1-0.2 cents per coin, and at least 2hrs to clean and melt the coins down to a metal bar. Assuming you want to make $50 an hour, you would need to work with 35000 coins
This doesnt include the effort and time needed to obtain the coins and supplies, sell the end materials, and also the initial up-front equipment (probably $1000 for a decent smelter). I personally dont see the profit in it.
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