Large Volume Sorting

[Cent1225]

Hey NiBullionCU:
Not that I want to buy one, I don't. BUT, what do you figure that Mach 9 is worth?
Just curious.

[drummer55]

http://www.shopstuff.co.uk/acatalog/Tal ... nters.html

[fasteddy]

I guess the Mach 9 with the wave technologie will work for me. 4500 coins a minute. Instead of two hours of sort I would be done in 35 minutes. thanks drummer55 for posting that link.

[NHsorter]

I think that is the machine that they use at the TD Penny Arcade. Those are fast and reliable machines. The get a big time workout and some of the branches that I frequent. Even with the awful crap that some people pump into the machines, they just keep chugging.

[mtldealer]

You can sort out copper from zinc with this machine? If so? Why cant someone make a deal with the bank to have the copper sort out and then buy from them at a small premium? I already spoke to two friends of mine about buying a industrial machine... Is this the one to be thinking of?

[natsb88]

You can sort out copper from zinc with this machine? If so? Why cant someone make a deal with the bank to have the copper sort out and then buy from them at a small premium?

Only if it has the optional "Wave" technology. Not all of them do.

[pennyhoard]

Take a look at the Talaris Mach series sorters.

(Talaris, formerly DeLaRue, formerly Brandt)

The Mach6 does 3,000 coins a minute and the Mach9 series does 4500 coins a minute; both are available with coin recognition.

(They call it their WAVE technology)

I worked at Brandt/DelaRue for a decade. The coin recognition was able to separate copper from zinc already back in 1999.

These are expensive machines though.

http://www.talaris.com/en-us/products-s ... ach-9.aspx

Thanks for the info NiBullionCU! I was not aware this series of machines had recognition technology.

[Cent1225]

Drummer55

Thanks for the website post. $12 K is more than my budget can afford.

[cupronickel]

Talaris looks like the way to go

[HoardCopperByTheTon]

There is a model made my Reis Eurosystems that would do a good job also.

What I want to know is.. How is it you have no problem getting rid of that many zincs? Tell us the secret.. Perspiring minds want to know.

[mtldealer]

You can sort out copper from zinc with this machine? If so? Why cant someone make a deal with the bank to have the copper sort out and then buy from them at a small premium?

Only if it has the optional "Wave" technology. Not all of them do.

I am assuming that wave technology is used for validating whether a coin is real or fake? Is it a standard feature of "wave" to sort copper from zinc?

[NiBullionCu]

No. That would be a custom operation.

But you can "Train" the machine.

You put the machine in "Learn" mode and run through a batch of "Good" coin.

I can't remember which way was best, setting up Zinc as good and copper as reject, or vice verse, but it should work either way.

[JobIII]

What I want to know is.. How is it you have no problem getting rid of that many zincs? Tell us the secret.. Perspiring minds want to know.

Yes please share!!

[baggerman]

What I want to know is.. How is it you have no problem getting rid of that many zincs? Tell us the secret.. Perspiring minds want to know.

Yes please share!!

I asked this in another thread so I would also like to know the answer

[pennyhoard]

There is a model made my Reis Eurosystems that would do a good job also.

What I want to know is.. How is it you have no problem getting rid of that many zincs? Tell us the secret.. Perspiring minds want to know.

It really depends on who you bank with and where you bank. If you have a business account or are planning to start one talk with your banker and tell them up front that the bulk of your deposits will be in coin. You will need a dba,if you don't have one get one. Name your company Joe Bobs Vending Service or something similar Tell them you are in the vending business.Depending on the type of account you open or have and the amount you keep on deposit most good banks that value your business will be more than happy to accept large deposits of coin. I was told a long time ago and I don't know if this is the case today but for every dollar the bank has on deposit the Federal Reserve will loan them seven dollars to make available for loans. ie if the bank has 1 million for example on deposit from say 10 customers they can loan out 7 million at the applicable interest rate. It is a lot of work to drag heavy bags of coin in to the bank but they will take the deposit if you are up front with them.

[inflationhawk]

The amount the Fed will lend to a bank is not just a stated number of 7 to 1, 5 to 1, 10 to 1 or whatever. It's dependent on the bank's Net Debit Cap and bank tier rating. Banks are only allowed to 'borrow' from the Fed at any point in time up to their Net Debit Cap. They are required to have average 'reserves' on hand daily over the course of each 2 week reserve maintenance period as well. And if they are in a net overdraft position with the Fed at the end of any business day, it's a violation of policy and is considered an overnight overdraft.

Collecting pennies will not offset the trouble and cost of handling them and does not materially affect their ability to get money from the Fed. I don't know that any bank uses pennies or coinage as a strategy to meet their reserve requirements or ability to increase lending.

[fasteddy]

Pennyhoard, you stated 500 -600 thousand cents a day....at a nominal 20% capture of the 95% Cu cent your returning $4000 or 80 bags a day....

If you have a business account or are planning to start one talk with your banker and tell them up front that the bulk of your deposits will be in coin.

Have you done this? Are you set up to dump at your corner bank with a front end loader? Its not as easy as you have written.

i dont use a front end loader but i do use my truck w/liftgate and a dolly to tansport my measly 10 bags to my dump bank on tuesday's..and today is dump day.

[JJM]

I don't think the "vending" business excuse will carry much weight the second or third time they have to stack bags of cents out in the hall because the vault won't hold them. While I do remember the era of machines that took cents (gumball machines), those days are a decade or three in the rear view mirror now I'm afraid.

[pennyhoard]

The amount the Fed will lend to a bank is not just a stated number of 7 to 1, 5 to 1, 10 to 1 or whatever. It's dependent on the bank's Net Debit Cap and bank tier rating. Banks are only allowed to 'borrow' from the Fed at any point in time up to their Net Debit Cap. They are required to have average 'reserves' on hand daily over the course of each 2 week reserve maintenance period as well. And if they are in a net overdraft position with the Fed at the end of any business day, it's a violation of policy and is considered an overnight overdraft.

Collecting pennies will not offset the trouble and cost of handling them and does not materially affect their ability to get money from the Fed. I don't know that any bank uses pennies or coinage as a strategy to meet their reserve requirements or ability to increase lending.

As I said I was not sure what the ratio is or if that is really the case just what I had been told several years ago. Thanks for the info.

[pennyhoard]

Pennyhoard, you stated 500 -600 thousand cents a day....at a nominal 20% capture of the 95% Cu cent your returning $4000 or 80 bags a day....

If you have a business account or are planning to start one talk with your banker and tell them up front that the bulk of your deposits will be in coin.

Have you done this? Are you set up to dump at your corner bank with a front end loader? Its not as easy as you have written.

i dont use a front end loader but i do use my truck w/liftgate and a dolly to tansport my measly 10 bags to my dump bank on tuesday's..and today is dump day.

I stated that I was looking for a machine that can handle 5-600 thousand coins per day. I never said I was depositing or dumping that amount each day.

[pennyhoard]

I don't think the "vending" business excuse will carry much weight the second or third time they have to stack bags of cents out in the hall because the vault won't hold them. While I do remember the era of machines that took cents (gumball machines), those days are a decade or three in the rear view mirror now I'm afraid.

Works for me.

[Cent1225]

[/quote]I stated that I was looking for a machine that can handle 5-600 thousand coins per day. I never said I was depositing or dumping that amount each day.[/quote]

Sounds like pennyhoard is simply skimming the coppers that pass thru a cash processing company like a Loomis, Brinks or someone else or has a deal worked out with a casino to sort thru the penny slot money.
Hope whatever it is works out for you.