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 Replies: 10 / Views: 1,489 |
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Pillar of the Community
Australia
1985 Posts |
Any ideas what a reasonable price for a kilogram of aluminium coins would be. A good mix, not just modern Indonesian rupiah. Coins would be mostly European and Asian. 1940s-present.
Let's say the average weight of each coin is 2 grams. Thats 500 coins per kilo.
Apparently scrap aluminium is worth only AUD$1 per kilo, yet aluminium cans are worth AUD$6.70 per kilo.
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Pillar of the Community
United States
1912 Posts |
It would be a good find if some aluminum coins could be in the mix from the 1800's.
There was a time when aluminum was more valuable than gold.
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Pillar of the Community
 United States
7934 Posts |
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Pillar of the Community
 Australia
1985 Posts |
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I wouldn't Well how much would you want to sell 1kg of aluminium coins for then? |
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Moderator
 Australia
16809 Posts |
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Let's say the average weight of each coin is 2 grams. Thats 500 coins per kilo. 2 grams per coin seems quite hefty for aluminium - I'd have thought 1 gram would be much closer to "average". The Japanese yen weighs 1 gram, for example. Which would be more like 1000 coins/kg. I don't think sorting out the aluminium from other alloys would be worth anyone's while and I've never heard of anybody doing that, but if you had already sorted them, then I wouldn't expect any difference in price. "Bulk world coins" generally, searched to exclude silver, are worth around AU$15/kg right now - or about 1.5 cents per coin, for aluminium. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
7934 Posts |
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Well how much would you want to sell 1kg of aluminium coins for then? I mostly collect older coins, so I am not very active with aluminum (as pointed out upthread, aluminum was a very rare metal before the Hall Process and its French equivalent were invented in the 1880s). I have some "tiny" aluminum coins from my childhood that I've been selling off on ebay for a dollar and change each, which comes out to about $1,000/kg, so maybe I'm missing out on a big opportunity  |
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Pillar of the Community
Australia
1610 Posts |
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aluminium cans are worth AUD$6.70 per kilo.
Nope, they're worth negative 65c-$1.30 per kilo. Edited by David Graham
03/14/2022 10:21 pm
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Pillar of the Community
Australia
1985 Posts |
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Nope, they're worth negative 65c-$1.30 per kilo. Wow, you are getting ripped off!!! Aluminium can is worth 10 cents each, crushed or uncrushed. But I guess with the price of fuel these days, you might lose money if you don't live down the road from the recycling centre. Edited by MachinMachinMan
03/14/2022 10:37 pm
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Pillar of the Community
Australia
1610 Posts |
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Aluminium can is worth 10 cents each, crushed or uncrushed.
The cost of containers covered in the recycle scheme rose by 11-12c per container to cover the cost of the recycle scheme so if you are paying an extra $7.15-7.80 per kilo of cans at the checkout and getting $6.50 back at the recycle centre how much money are you really making (or losing) when you hand over your kilo of cans? I collect cans while metal detecting but somebody has paid 11-12c for each can when they purchased it. Edited by David Graham
03/14/2022 10:57 pm
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Valued Member
251 Posts |
Edited by Grinya
03/15/2022 07:38 am
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Bedrock of the Community
Australia
21786 Posts |
Probably better to collect and sell aluminum cans instead.
In some countries, they have a pollution bounty on them, and thus have a higher value than their scrap metal value.
With Al coins,
would depend on how many duplicates there are in the lot.
500 coins all different to my way of thinking, could be worth as much as 5 Cents per coin, and from a numismatic viewpoint, could form an important part of an OFEC collection.
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Replies: 10 / Views: 1,489 |
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Posted 03/09/2022 8:54 pm
