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 Replies: 24 / Views: 3,097 |
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Valued Member
Canada
329 Posts |
i wonder how much the press cost at auction or to him if he was second owner after auction? also really confused why the $880 bolt from germany that should have been a sinch to fab at a local machine shop for less I'msure.
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Valued Member
United States
214 Posts |
Thanks for sharing! Very interesting.
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Pillar of the Community
Canada
1505 Posts |
Very interesting story, they seem to have some nice designs in their shop as well, or at least good photography.
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Pillar of the Community
Canada
1505 Posts |
great story, very interesting reading and to find out how sloppy the Gov works and keeps records.
to make that bolt in a shop? cheaper to buy it as the shop does not have the exact properties of the bolt.
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Pillar of the Community
 Canada
2632 Posts |
The cost of the bolt is not really important, it has to be the right part no other will do. The press is capable of 400 tons pressure it better be the right bolt, and that machine makes nothing but money in more ways than one..lol
The reason it looked bigger from other Denver mint pictures is it had a sound enclosure around it but that part didn't come with it and was long gone.
Funny on the chart in the pic in the top right corner it says "Please destroy old charts"
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Pillar of the Community
Canada
1018 Posts |
You can buy machines to make money? Where? Very cool story, thanks for sharing.
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Pillar of the Community
Canada
1505 Posts |
It seems surprising that you could buy something like that at auction, with modern CAM programs and high res scans, I wonder how difficult it would be to re-engineer a few dies and start making coins. On a US quarter, it is about 15% metal costs + premium for cost of blank. Buy a coin operated business, roll the new ones in with the ones collected and take them to the bank.
At 10k coins/hour, it would add up quick.
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Pillar of the Community
Canada
1505 Posts |
And by CAM, I mean Computer Aided Machining, not the auto-tagged reference
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Bedrock of the Community
Canada
21654 Posts |
Thanks Pennyman-
It is a great story.
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Forum Kid
Canada
1074 Posts |
wow that is cool~ thanks for sharing~
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Pillar of the Community
United States
4409 Posts |
I hadn't seen this before thanks for sharing. Nothing surprises me with the US government. For a period of time it was possible to buy totally effaced State Quarter dies from the mint until they realized that it might not be a good idea to let something that valuable be out there. -MV |
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Pillar of the Community
United States
7840 Posts |
I have seen this before, but it has been a while...thanks for the revisit!
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Pillar of the Community
Canada
2632 Posts |
Thanks for all the comments except I dont know what 'faints' means..lol
Kind of amazing being an older press yet capable of pumping out about 2.5 coins per second.
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Valued Member
Canada
329 Posts |
machinists would remake a bolt to exact same diameter and threads per inch etc. as for the function of the bolt, I believe it said it was an adjustment bolt which doesn't sound like it needs to be able to withstand pressures, but a machinist also looks at what the function of a part is and determines what material/strength is required. I can almost guarantee it would have worked.
the only reason I could think of was that he wanted to keep it original, but the bolt was fabbed in germany, not remaining original stock, and he added/modded many other parts anyways.
but yes thank you for the interesting read. I wonder where/if all the medallions were sold.
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Pillar of the Community
Canada
805 Posts |
Fantastic story! Thanks for sharing!
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Replies: 24 / Views: 3,097 |
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First Page
Posted 02/07/2015 6:12 pm
