Old pesetas delivered by citizens to the Bank of Spain will eventually be turned into beer kegs or ship propellers. National Coin and Stamp FactoryWithin the Ministry of Finance, It has decided to auction all of the items collected in 2021 and 2022.. But not in coin form, scrap. Specifically, no more and no less 360,180 kilos, EL PERIÓDICO DE ESPAÑA from the Prensa Ibérica group, for being able to verify it on the State Contract Portal. The sales process will be online and will be awarded to the highest bidder.but there are no high bids, they will be in a sealed envelope like in the movies: those who are interested will submit their economic bids electronically and the highest bid will be selected.
As the Fábrica Nacional de Moneda y Timbre sources confirm, this auction is insignificant compared to “the massive demonization of 6,603 million coins brought on by the arrival of the euro between 2002 and 2003”. joint weight exceeded 30,400 tonsThe entity does not regularly carry out this type of transaction: the Bank of Spain collects the coins, and when a significant volume is reached, they are destroyed and the resulting metal is put up for auction.
9 lots and around 20 million euros
To get hold of scrap pesetas (and a few euros) you have to dig deep into your pocket. The base budget of the tender excluding taxes is 19.13 million euros and The value they give to the contract from Royal Mint exceeds 21 million.
However, in order for the expenditure not to be so high, the agency affiliated to the Ministry of Finance split the scrap into nine auctions. The first three batches are over nine tons, each made of 925 thousandth silver. The largest 134-ton package is made of lunifal, an alloy of nickel, iron, aluminum, copper and manganese. On the other hand, although there is a 74-ton lot of gold, it does not shine as it is Scandinavian gold, an alloy of copper, aluminum, zinc, and tin used for coins like the current 50-cent coins. . In addition to these, many kilos of aluminum, plated steel and copper nickel are also offered on the market.
Who can be interested in these auctions? They explain from the National Currency and Stamp Factory, aluminum a peseta coin can be used making beer kegs, For example; HE copper nickel can be used to make new currencies, pipelines or in the automobile industry; HE bronze with aluminumUsed to make 50 or 100 pesetans big ship propellers; aluminum with magnesium in the food industry, automotive supply industry and construction; and 925 thousandths of silver in the electronics of industry or in more mundane things like cutlery or medal making.
Difficult operation for buyer
Receiving your purchase in the Community of Madrid must be the successful bidder because Royal Mint does not deliver home delivery. The successful bidder will have to pick it up and will not be entitled to delay the transfer because after 30 days have elapsed to organize the transfer, each day of delay will incur a penalty of 1,500 euros. It also requires having a “trailer-type truck with a rear load, box height between 1 and 1.20 meters, without a rear lift or a retractable loading platform under the truck”; without exceeding 24 tons per trip. This means at least six trailers are required to get the heaviest batch.
According to the specification, the business will deliver “laminated and de-coined” coins, each weighing 585 kilograms, bagless and in drums. What the buyer can do make sure the item is of good quality. Fábrica Nacional de Moneda y Timbre, which always advises “with sufficient notice”, will lend you a calibrated scale from which you can sample 3% of the material.
No one will be able to buy these scrap lots: If it is a company that wants it, Annual business volume exceeding half a million euros and you must prove it with your Trade Registry accounts. If the buyer is self-employed, he must open the inventory books and also submit his annual accounts.
If anyone is interested, 63 days left to submit bids for any of the parties, until next September 9th. Although you should be careful, you should not stop watching the prices of metals, as if they rise or fall, the offer may become outdated, higher or lower.