An average junked U.S. car contains $1.65 in loose change when shredded and more than 10 million cars are scrapped every year
CONTACT US via Email: info@ibarecycling.com
Some Statistics
Some Statistics
Some Statistics
Some Statistics
Some Statistics
An average junked U.S. car contains $1.65 in loose change when shredded and more than 10 million cars are scrapped every year
WHAT WE DO
We recover damaged coins from scrap metal plants and send them back to the countries of origin to redeem. Our coins are recovered from scrap metal plants in south east Asia, which is why the coins are damaged.
Developed countries send scrap metal to developing countries in Asia for recycling due to cheaper labor and different environmental protection regulations. There are coins in scrap cars which have fallen under car seats over the years. When scrap cars are shredded the coins are mixed together with the metal and sent to scrap plants in Asia where they are recovered from scrap metal during the sorting process. They are then cleaned and sorted by currency, denomination and quality. Good quality coins are returned to the countries of origin to deposit/exchange, and some damaged coins can be exchanged at their original central banks as well. Waste clothing, scrap paper, scrap plastic, scrap public washing machines and vending machines, as well as incinerated scrap generally all contain loose coins as well.
Imported scrap metal is sorted by hand into different types including brass, copper, copper-nickel alloy etc. During this process any valuable byproducts such as gold and silver items and coins are picked out and kept separately.
Apart from scrap metal plants there are also local businesses which specialize in copper trading, silver and gold trading and coin trading. Gold and silver items are sold to precious metal traders, coins are sold to coin traders; here we mainly talk about coin trading.
We buy mixed dirty coins (we call them raw coins) in bulk from scrap metal plants and then clean and sort out by quality, denomination and currency. The coins that can be exchanged in their countries of origin are kept and useless coins such as very small denomination coins, badly damaged coins, outdated coins and tokens are melted down as scrap metal.
This website explains the process in detail.
The video below was taken in a scrap metal plant in China. The scrap metal was imported from the States. As you can see there are coins in the scrap metal.
COIN RECOVERY
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The following explains how we obtain our coins and why they are mutilated. As you can see from the pictures and explanations below, the coins are mutilated because they have been mixed in with other scrap metal during the shredding process, and in some cases have been through high temperature incineration. They are then cleaned, also illustrated in the pictures below.
Below is a scrap metal plant unloading a shipment of imported shredded scrap metal to sort for recycling:
Developed countries send scrap metal recovered from IBA (Incinerator Bottom Ash) recycling and scrap car shredders to China and southeast Asian countries to recycle, there are coins in the scrap metal.
Local workers sort scrap metal pieces by hand. Scrap metal pieces are sorted into types (copper, copper-nickel alloy, brass, aluminium, zinc etc). During the process any valuable items such as coins and silver/gold items are picked out and stored separately.
The pictures below are of a scrap metal plant. Workers are sorting scrap metal pieces into different kinds. Coins and any valuable items are separated out during the process. Scrap metal imported from the States sometimes contains bullets, which need to be picked out and stored appropriately before
being destroyed.
The pictures below were taken at a scrap metal plant. In the pictures as you can see there are coins in the scrap metal:
Contact Us via Email: info@ibarecycling.com
All photos on this website are copyrighted material and all rights are reserved.
Copyright © 2018 B&P COINS INC. - Coin Recovery & Exchange - All Rights Reserved.
B&P COINS INC. - Coin Recovery & Exchange