Way south of the border

[Juan Manuel Arcos Frank]

Jon:

Look,I am lurking around Mexico City (the town is called "Ojo de Agua") for some silver,I am writting this post on a computer which is not mine and it has a virus so I could not post for you my research about Guatemala´s coins,I will do it tomorrow,it is written in Spanish and it is legal to melt or export those nice "Chocas".

See you tomorrow.

Manuel

 

[JJH]

Hey Manuel,

Sounds great!!!!! Let me know.

JJH

 

[Harold_V]

Looks like a great business that you are in!

Long gone. I sold my refining business back in '94, and retired.

Harold

 

[JJH]

Ohhh,

I am jealous, fishing docks time with friends. I could make a long list. Hope your having a great time.

JJH

 

[Juan Manuel Arcos Frank]

Well,now I am in my town so here it is,my research about Guatemala´s coins,take a look.

Kindest regards.

Manuel

 

[JJH]

Ok,

I did not read where it says it is against the law, or not against the laws of Guatemala to extract the metals from the coins and sell them. So there is a risk. If you do it large scale I think you would end up dead from someone killing you for your money or end up in prison here wishing you were dead.

I am very interested in making an electroylsis tank with a solar rechargable nickle battery bank....the secondary metal in the - choque - 25 cent coin.

I did the numbers off of the web page yesterday, at yesterdays metal prices and this is what I came up with...I have the excel sheet that calculates it if anyone would want it.

I converted everything to pounds (mag is sold by the ton the rest by pound) added it up and this is what I came up with... I really expect that Guatemala will print new collector coins to rake in all this metal wealth that is floating around here. They will not come up with this idea from reading about it here because no one from here other than me is on the hit map.

the current exchage rate that I recalled was 8.12 so that is what I used to divide the dollar value of the coins.

1 cent coin is worth .001231527 dollars- metal worth is .00186353 a 151 percent increase
5 cent coin is worth .006157635 dollars- metal worth is .01582575 a 257.0101 percent increase
10 cent coin is worth .01575061 dollars - metal worth is .03165149 a 257.0101 percent increase
25 cent coin is worth .03937653 dollars - metal worth is .07912873 a 257.0101 percent icrease

the 50 cent and 1 quetzal coins are not worth mentioning because the metal value has not reached the value of the coin.

The old brain teaser of how much money would you have if you doubled it every day for a month would work here as well. The question is how much would electricity and the copper sulfate cost to seperate the 2 metals in the choque. Probably not worth you effort or risk, but I am new at all of this.

JJH

 

[jimdoc]

In the beginning of this post you mentioned 2000 lbs of pentium chips,how did we turn our attention to coins (base metal ones) from that?

Jim

 

[JJH]

Jim,

It was manuel who brought up the idea of using coins. I am at school and had time to respond and do the math. My friend is collecting and spreading the word to his friends to collect the processors. Like I mentioned I would like to have a cell of Edison batteries and have thought of this for over a year since it works better than lead acid batteries especially if I could recharge them with a solar panel since we have 5 months of pure sun here. I have a computer lab here at the school that could sure use a good battery back up system and I thought that the nickel in the coins would be a good place to start to do this. I also said in another post that my time is limited untill November when we are out of school. I have not turned from collecting processors in fact I have to go pick up some computers at 12:30 from a person that just called to donate them to be recycled.

JJH

In one of your posts you said "My advise would be to keep building up your stash of stuff to process,while you keep studying the forum until you know what your options are for each type of scrap."

This is what I am doing......good advice!

 

[Juan Manuel Arcos Frank]

Yeah guys,me,Manuel has brought up the Guatemala´s Coin Business just for a simple reason:There are tons of 25 Quetzal cent coins and there are just a few grams in microprocessors(which means tons of scrap computers).The business is prefectly legal,the Law says so and all you guys have to do it is to collect them,no process them,do not separate metals,just melt them and they are sold as an alloy.

All of you,guys who live in USA,know that the same business(with pennies issued before 1982) can be carried out in your own town but there is a penalty of 10 years in prison and a fine of ten thousand dollars so forget to do it inside USA...but still hoarding those pennies...on day Uncle Sam will demonetize all pennies because you can not buy anything with one penny.

About those tons of Pentium chips I think it is a lie..I am an old dog to believe in those things.

Kindest Regards.

Manuel