A few weeks ago, National Mint and Stamp FactoryDepending on the Ministry of Finance, auction old pesetas (and some euros) were collected from the Bank of Spain for the purpose of demonetizing them and selling them as scrap metal. This sale included more than 360,180 kilos of metal and was valued at close to 100,000, EL PERIÓDICO DE ESPAÑA of the Prensa Ibérica group reported. 21 million eurosas described by the entity. Since it was a closed auction, the criterion for awarding the prize was that the best economical bid was submitted before September 25.
Almost a month later, the Royal Mint made public the bids it had received for scrap metal on its Government Procurement Portal. In total, there were six bidders who submitted a total of 29 economic offers for the ten lots up for bid. It is surprising that half of the offers come from abroad. Especially, three of the bidders are scrap metal companies from Slovakia, Switzerland and Great Britaincompanies Monea Coin Technology SRO, Thommen AG and Arrendene MFG Limited respectively.
The remaining three offers have the Spanish seal. Semsa JPThe precious metals wholesaler was the only competitor to offer a price for the first three lots where the material sold was silver. Predictably, awards will be given in the coming weeks. Moreover Pablo Sanza’s RecoveryAnother scrap dealer, but this one of Spanish origin, has bid on three lots but will only take one.
The sixth and final quote refers to a person in particular freelance, Sara Ruiz San Martinoffered in a personal capacity. According to different business information sites, this person is registered with Social Security as a scrap metal and waste product wholesaler. One of the contestants confirmed that he himself was a regular in such procedures, with the intention of selling the metals to other scrap dealers, among other companies. The entrepreneur bid on seven of the ten lots, but three withdrew because they did not reach the minimum threshold. If nothing changes from the remaining four, Two awards will be givenin which Offered 368% and 25% more than the runner-up classified.
The big winner of the National Mint and Stamp Factory auction was Sara Ruiz, alongside Semsa and recuperaciones Pablo Sanza. Swiss company Thommen AGHE The person who gets the most lot prizes will beFour in total if the plan comes true. The materials in these batches are lunifal, Scandinavian gold, copper-nickel and biometallic.
What is this scrap used for?
Pablo Sanza, spokesman for the salvage company, spoke to this newspaper and explained: The only use of these metals is “remelting and making sheet metal”. In your case, predictably a lot of steel will be rewarded. “We buy it, we try to sell it after melting it. When we take it to the factory, we make it according to the orders we receive,” he states.
The communications team of the National Mint and Stamp Factory stated that aluminum, for example, was used in other previous auctions. beer kegscopper-nickel for new currencies, pipelines or in the automobile industry; Aluminum bronze was used for coins of 50 or 100 pesetas. large ship propellers; aluminum and magnesium in the food industry, automotive sub-industry and construction; and 925 per thousand silver is used in electronic circuits or production in industry. cutlery anyone medals.