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Originally posted by Copper Catcher

Part Time Coin Processor Apply Now

Company: Brink's Canada
Location: Etobicoke, ON

We have an immediate opening for three (3) Part Time Coin Processors. The incumbents will operate and maintain the coin wrapping and rolling machines and other coin sorting machines as required in the Alloy Recovery Program (ARP) coin processing operation. 2 Shifts/Week Required: Sunday – 12:00 PM to 10:30 PM Friday – 12:00 PM to 10:30 PM This position will be located within the Brink’s Toronto (Etobicoke) facility and will be reporting to the ARP Supervisor. Scope * Operate the Coin Sorting and ATL machines to the specified standards * Regulate equipment by setting and adjusting controls * Resolve production problems by altering processes to meet specifications * Ensure operation of equipment by completing preventative maintenance requirements * Ensure safety, quality and efficiency is...


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Is has been reported here before how Canada, for many years now, has been pulling all the older coins from circulation i.e. copper and nickel so they could send it off to be melted, I thought I'd share some additional information as well:

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Also as reported earlier:
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from page 35
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The Alloy Recovery Program (ARP) and coin recycling continued to
enjoy profitable growth. Revenues from the ARP were $55.4 million
in 2008 compared to $36.8 million in 2007, partially driven by a
133% increase in the volume of coins delivered to the Mint for
recycling. The Mint’s revenues from ARP were protected from
plummeting base metal prices by a strategic hedging program
established in 2007;

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Originally posted by Copper Catcher

The U.S. Government would be stupid not to! Obviously, the technology is already in place and I'm sure Brinks has made a proposal, it is only “common cents.” Pun intended!

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Originally posted by Spikeanator6982

but in the USA case, the only coins worth doing that to would be the cu penny and the nickel as far as I can see. our dime is only worth ~2 cents, the quarter only ~ 4 cents, and the dollar is only at 5 cents. at this time I don't see anything being worth the time to pull in and replace except the already mentioned.

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Originally posted by theo

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Originally posted by Spikeanator6982

but in the USA case, the only coins worth doing that to would be the cu penny and the nickel as far as I can see. our dime is only worth ~2 cents, the quarter only ~ 4 cents, and the dollar is only at 5 cents. at this time I don't see anything being worth the time to pull in and replace except the already mentioned.

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I could see the U.S. doing this on a limited basis if they decided that there are too many pennies in circulation. That way they could pull several billion coppers without having to replace them. I doubt most people would notice if the amount of pennies decreased by 10%.

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Originally posted by Copper Catcher

The U.S. Government would be stupid not to!

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Originally posted by Nickelless

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Originally posted by theo

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Originally posted by Spikeanator6982

but in the USA case, the only coins worth doing that to would be the cu penny and the nickel as far as I can see. our dime is only worth ~2 cents, the quarter only ~ 4 cents, and the dollar is only at 5 cents. at this time I don't see anything being worth the time to pull in and replace except the already mentioned.

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I could see the U.S. doing this on a limited basis if they decided that there are too many pennies in circulation. That way they could pull several billion coppers without having to replace them. I doubt most people would notice if the amount of pennies decreased by 10%.

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How could there be "too many" pennies in circulation if the Mint is worried about the cost of producing more pennies? Taking pennies out of circulation wouldn't help.

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Originally posted by theo
if the Government ever sensed that a currency collapse was inevitable, I don't see why they wouldn't pull as many coins out circulation as they could. Obviously it wouldn't come close to solving their problems; but it would increase their hard assets and, perhaps just as importantly, reduce the economic power of the citizenry. This would make it a little easier for them to re-establish control over commerce post collapse.

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Originally posted by Nickelless

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Originally posted by theo
if the Government ever sensed that a currency collapse was inevitable, I don't see why they wouldn't pull as many coins out circulation as they could. Obviously it wouldn't come close to solving their problems; but it would increase their hard assets and, perhaps just as importantly, reduce the economic power of the citizenry. This would make it a little easier for them to re-establish control over commerce post collapse.

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A "currency collapse" wouldn't be solved by the government pulling coins out of circulation quickly--in fact, I think that would be one of the furthest things from their mind. The FIRST thing they will try to do is maintain social order. Plus, how much dollar value in copper or zinc or nickel will the government really reap relative to the outstanding face value of FRNs? Coins are literal chump change compared to the total face value of FRNs. And given Gresham's Law--that bad money drives out good money--you can bet that people will catch on really quick that the metal value of their coins is worth more intrinsically than the worthless paper.

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Originally posted by Copper Catcher

The U.S. Government would be stupid not to! Obviously, the technology is already in place and I'm sure Brinks has made a proposal, it is only “common cents.” Pun intended!

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