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Posted 02/11/2015 2:51 pm
Actually, I think the Balboa is made in the US mint branches, or at least was in the not so distant past. Just like San Francisco made most of the Peso and Centavo coins for the Philippines from 1906-45, it just made more economical sense to use the multi-million dollar machinery to handle the brunt of the minting.
As for the cointerfeits, I can totally see the viability there. A $1 Sac coin has about 12 cents' worth of raw material. There would be a huge cost associated with getting your equipment set up, but as others have said, when you counterfeit millions of coins at $.25-.50 profit per coin, it wouldn't be hard to turn a tidy profit.
My question is, if they were able to make the coins of solid manganese brass, would they be able to circulate here in the US? Coin counters probably use surface conductivity as the basis for rejection of small US dollars (that's why manganese brass was used in the first place), so I imagine a solid coin would be only marginally outside of Mint tolerances for weight?
As for the cointerfeits, I can totally see the viability there. A $1 Sac coin has about 12 cents' worth of raw material. There would be a huge cost associated with getting your equipment set up, but as others have said, when you counterfeit millions of coins at $.25-.50 profit per coin, it wouldn't be hard to turn a tidy profit.
My question is, if they were able to make the coins of solid manganese brass, would they be able to circulate here in the US? Coin counters probably use surface conductivity as the basis for rejection of small US dollars (that's why manganese brass was used in the first place), so I imagine a solid coin would be only marginally outside of Mint tolerances for weight?
