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Coin Machinery, Coining, Coin Production! Need Help!

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 26 / Views: 3,318Next Topic Page 2 of 2
Valued Member
United States
135 Posts
 Posted 11/29/2008  11:47 am  Show Profile   Bookmark this reply Add FreezerBurn to your friends list
Essentially you'd be producing gold "rounds" not coins. Any expectation of them having value above bullion would be wrong. If gold falls you are stuck with a lot of expensive equipment and bullion value disks.
New Member
United Kingdom
7 Posts
 Posted 11/29/2008  12:27 pm  Show Profile   Bookmark this reply Add poisonivy0 to your friends list
reply to freezerburn & Carl
These are very good points, I've been looking into some to produce the coins for me as it will it cut cost down and eliminate some security issues I may face along the way.

Just need to find the right company that wont rip me off. In china they are extremely clever , the can almost replicate anything.
I think they'll be the 1st to build cyborgs (irobot style) lol
Pillar of the Community
United States
5638 Posts
 Posted 11/29/2008  10:00 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list
I have been reading this thread and I think this is an amazing idea and headache in one, 1st did you ever think you would get a knock on your door from the "feds' or the federal reserve police, ie: making fraudulent coins or copying coins or just them thinking you are:
"Just need to find the right company that wont rip me off. In china they are extremely clever , the can almost replicate anything."
just like the above statement says, people are all not on the up and up, and some are down right dishonest,and will do what ever it takes to not be honest and do a days work for a days pay.I think your idea is, on a grand scale, unique,and a huge undertaking in the least, however you seem to be set to do this, at least that's what I read between the lines, and I wish you and your family all the best in your ventures.Do not take this in the wrong light, I am only thinking out loud or in print, JUST MY OPINION...
Bedrock of the Community
United States
20753 Posts
 Posted 12/01/2008  1:27 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Notice how some of us say things like "the Feds" or "the IRS"? That is because we didn't notice your from the United Kingdom, not the USA. If your over there I doubt you worry about our Federal Government. You people used to though.

Quote:
Just need to find the right company that wont rip me off. In china they are extremely clever , the can almost replicate anything.
I think they'll be the 1st to build cyborgs (irobot style) lol



True the Chinese are really good at replicating anything. Just remember that Lead is pretty heavy and if you gave them Gold to make coins, you may well get Gold plated Lead coins back.
Then there is the next problem. Taking them to court. Yeah, right.
Valued Member
67 Posts
 Posted 12/01/2008  9:41 pm  Show Profile   Bookmark this reply Add roots to your friends list
If you really wanted to lower your start up costs, while maintaining the purity of your rounds. You could outsource the design and production of the dies, and purchasing of the various industrial equipment you would need, but maintain the coining procedure in the UK or where ever you trust.

If you want to find someone in China to make dies or the equipment. Please PM me.
Pillar of the Community
United States
1424 Posts
 Posted 12/01/2008  10:01 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list
I can't find the thread right now but there is a guy on Treasurenet that is a jeweler and he makes and sells his own gold "coins"

he goes by the handle "Jewelerdave"

This is a thread by him about some silver coins:

http://forum.treasurenet.com/index....01280.0.html

You will need to join the forum to be able to contact him.

Good luck!!
New Member
United Kingdom
7 Posts
 Posted 12/02/2008  03:15 am  Show Profile   Bookmark this reply Add poisonivy0 to your friends list
Good looking out 'bmanofnbc' I will join and contact him now.
Been struggling trying to find someone to make the coins for me. ive emailed 5 companies from made-in-china.com and got the same reply from all of them.

Examples:
'Thank you for your inquiry but sorry we can't export gold coins.
Sorry for the inconvenience.

Best regards,
Sherry'

'Thanks for your enquiry to us. We do have copper, iron, stainless steel. But, we do not have gold coin manufacturing machine. Thanks for your interested in our coin products. If you prefer to choose copper material, please contact us. Thanks!

Thanks & best regards,
Ella Kwong'


I even contacted http://www.montereycompany.com/coins/coins.html which looked very promising but I got rejected from them too.

Hello thank you for your inquiry with us. We do not make solid karat coins. we don't have a supplier that makes real gold coins, only pins.
So sorry.
Good luck to you!!

Valued Member
67 Posts
 Posted 12/02/2008  03:37 am  Show Profile   Bookmark this reply Add roots to your friends list
Gold coin production is a problem in China! Unfortunately, the very legitimate manufacturers you found there failed to tell you why. Gold in China is heavily taxed. In fact, gold prices in China are higher than the "world spot" price. Import duties in China are extremely high, which is why there is so much smuggling in China.
Bedrock of the Community
United States
12437 Posts
 Posted 12/02/2008  7:05 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Since you are in the UK, you may want to try Pobjoy Mint Ltd
Pillar of the Community
United States
1882 Posts
 Posted 12/02/2008  9:30 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
Nothing wrong with thinking big, but I just don't see it. There already is a mint in the US that produces coins from 1/10 oz and up, and the smaller coins wholesale for 15% over spot, or less. The large coins have a smaller premium than that.

And that mint wouldn't even be your only competition.

To compete, you have to somehow manage to BEAT those price points...because you'd be selling your product to a public that has no way knowing if your coins are the real deal.


Edited by steve199
12/02/2008 9:42 pm
New Member
United Kingdom
7 Posts
 Posted 12/03/2008  07:02 am  Show Profile   Bookmark this reply Add poisonivy0 to your friends list
thanks roots and steve for the advice.
Gonna still give it a shot see what happens . If I fail then ill be the one with the black eye lol

thanks biokemist6 for the link very good find. will be contacting them today
Rest in Peace
United States
9104 Posts
 Posted 02/08/2009  4:57 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
You'd be wasting your time. Privately minted rounds are going to sell for the same spot you could sell your gold for as it is. 14 kilos is 4½ contracts. If you wanted it in coin form, swap it. Look how U mint made half and ounce medals sell for scrap price.
Valued Member
United States
405 Posts
 Posted 02/09/2009  01:44 am  Show Profile   Bookmark this reply Add Mr Finger to your friends list
If Daniel Carr is still a member here maybe you could ask him about it...

http://www.dc-coin.com/
Pillar of the Community
United States
619 Posts
 Posted 02/09/2009  02:18 am  Show Profile   Bookmark this reply Add deadmunny to your friends list
Just to follow up on bmanofnbc's mention of jewelerDave, here's his website.

http://enviromintcoins.com/
Pillar of the Community
United States
3098 Posts
 Posted 02/09/2009  02:52 am  Show Profile   Bookmark this reply Add wd1040 to your friends list
What hallmark is on your gold bars? I would just keep them or *try* and exchange them at weight for 1 oz or fractional coins.

And to roots: in China, gold is mined by the Paramilitary, or WuJing. These are the people you don't mess around with. In the government food chain, they are higher than the military.

http://en.wikipedia.org/wiki/People...Armed_Police

As for buying and selling gold in China, jewelry are OK (in 2002 they were 88RMB/$11 per gram!) but as for bars and coins, all of that is heavily regulated and you'll have to carry certificates of ownership.
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