ISRI inquires about loose change

The Washington-based Institute of Scrap Recycling industries (ISRI) has made a request to U.S. Treasury Secretary Jacob Lew and U.S. Mint Principal Deputy Director Rhett Jeppson to reconsider the current blanket moratorium on the repurchase of mutilated coins.

ISRI President Robin Wiener has requested an opportunity to meet with the appropriate representatives of the Mint and the Treasury to discuss the matter in further detail, according to an ISRI news release.

The moratorium is having a significant detrimental impact on U.S. based recyclers who, suffering from low prices and very slim margins for several years, are now facing additional financial difficulty because of their inability to redeem the mutilated coins they have in inventory, says ISRI.

Recycling facilities in the United States have been recovering coins from scrap for decades. The business started when recyclers would find loose coins that had fallen to the ground during the recycling process for cars, vending machines, and other products. The business evolved with advances in sorting technology and the advent of new machinery capable of identifying very small items. As a result, the ability to purposefully recover coins in significant quantities grew quickly and became an integral part of many recycling companies’ operations and product lines, according to ISRI.

“U.S. domestic recyclers, who have been suffering from low prices and very slim margins over the past few years, are facing additional financial difficulty because of their inability to redeem the mutilated coins they have in inventory,” says Wiener. “While ISRI fully supports enforcement activities against those companies that abuse the redemption program through the attempted sale of counterfeit coins, there is no need for a blanket moratorium that effectively punishes all those who legitimately rely on the program for their ongoing businesses.”
 

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SENNEBOGEN 340G telehandler improves the view in Macon County, NC

An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).