Coin Machinery, Coining, Coin Production! Need Help!

The cost of having it reassayed and the equipment would be vary costly. Use that money to buy even more gold or some platnum it is easyer to hold and trade. Buy it now while it's down a little. Plus people still might hesatate to purchase strange looking gold coins thinking they are fakes. To risky

If someone will take you on you could apprentice in a foundry or steel mill to learn molten metal technique. Die making can also be learned via apprenticeship. Equipment is available; ask someone who makes their own jewerly about furnaces. Stamping/coining presses are out there too. You'd just have to GOOGLE what you need.

Unless it is just the beginning of a endeavor that you would be continuing, I would suggest looking for a Private coin/medal mint on the search engines. Several of the private companies might be able to arrange a swap of the kilo bars for planchets if they were striking them also.I believe Popejoy is such a private mint company in Europe. If I wanted to set up a shop, I would go to China and visit the small minters there as they seem to be simply produced with old equipment.

Also I seem to remember one ebay seller that made his own rounds a while back.

Jim

I don't think the economies of scale will work for you; 14 kilos of gold may sound like a lot, but that's only 450 one ounce coins. I'm not sure whatever profits you'd make from the sale would justify the cost of the equipment you'd need.

Another problem with making coin blanks out of any metal (especially gold) isn't in smelting and refining the metal; that's already been done for you. The problem is in the wastage: you won't be able to get 450 actual coins out of your 450 coin's worth of gold.

To make the blank for a coin, you need to take your block, bar or ingot of metal and roll it flat enough to suit your purposes (to whatever thickness you want your "coins" to be). Then you get a humongous punch (it needs to be some kind of pneumatic or other high-pressure device) to punch holes in your sheet of metal; the holes punched out will become the blanks for your coins.

The wastage is in the strip of metal that's now full of holes. This strip is known as "scissel" and is now basically scrap metal. You would need to have some kind of remelting system if you wanted to recycle this scissel into more coins, but even then, you'd wind up with a little bit of metal you simply couldn't use.

Personally, I think it's far easier to take your ingots to a jeweller or metal trader and "swap" them for some pre-made one ounce blank gold rounds you can strike your own "coins" on. That way, the only bits you have to worry about are the die preparation and the coin press itself.

Minting your own medals and "coins" can be an interesting and rewarding aspect of this hobby. I have a friend in one of my coin clubs whose main interest in in cutting dies and striking medals. Many of the medals produced for the club are his work.

I would say.....DON'T DO IT.

You can go to several major companies like Kitco.com and they will trade you for Eagles, Maples, K-rands, etc. Sure you will take a loss on their kilo buy prices vs. their sell prices on 1oz gold coins but I bet if you figure out the loss it will be much less than to do what you are thinking of doing.

Anyway, that's what I'd do if I wanted it in smaller incriments. It eliminates the assay problems and all the work involved for a 1 time making your own coins deal. Also, then you'll have all the machinery left over when done.

Just my honest opinion.

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.

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...