Who was the genius who figured out how to do this?
The Reworld waste processing plant in Morrisville uses sifting machines to carefully remove and sort coins from incinerated garbage before washing them off, leaving them shiny and clean.
“This allows us to better sort the coins, to determine what coins are in good condition or have been damaged, but it also lets us know which denominations we’re dealing with,” Rebecca Guardino, the director of ash processing, told FOX Business’s Jeff Flock on Monday.
According to the Wall Street Journal, Reworld began sorting through coins in 2017. Out of the $10 million collected, about $6 million were in good enough shape to be put back into circulation.
What! So, I imagine .gov requires that this be reported as income to be taxed via some serious pretzel logic.
ReplyDeleteoh, you bet your ass they going to tax that ! they have yet to find anything they don't want to tax if they can get away with it. how much you want to bet the IRS us already on their way there to tell them they own money ?
ReplyDeleteFraud. chinese counterfeit coins are shredded and sent to us mint for redemption.
ReplyDeleteIn 2007, it was calculated that each car sent to china had to contain $900 dollars of coins- to account for the value of reclaimed coins from scrap cars.
while in high school a very long time ago, worked at a car scrapyard.
Deletethere was this old guy who came everyday to look in "new stock" for loose change. he said it helped him with his SSI being so low or something.
anyway, he always found a few bucks worth of change in the old cars.
had a little pile of old silver coins myself from that time, but someone found them at Mom's house and they where gone !
There's a saying here in England, Where there's muck there's money.
ReplyDeleteGreat story, unless it cost them $11m for the labor and equipment to recover those coins.
ReplyDeleteWonder if the business owners shared that money with the employees?
ReplyDeleteWhat kind of braindead ninnie comes up with stuff like that?
DeleteHow much does it cost to implement and operate
ReplyDeleteNow lets see them do that with bitcoin.
ReplyDeleteSo, if they got $10 mil in change, how much in bills did they burn?
ReplyDeleteJpaul