PMX produces unique copper coin blanks for some of the major government and private mints around the world. Today, when credit cards, checks and high denomination bills are becoming more common, the demand for coins is continuously growing due to its role as a supplementary currency and the increasing the number of vending machines.
Coins change color based on the copper alloy ingredients. About 70% of the globally distributed coins use cupro-nickel, an alloy composed of copper, zinc, and nickel. From the very beginning of coinage, copper alloy materials have been the material of choice for producing coins.
First, copper alloy materials do not corrode easily and have a long distribution life. Next, the materials can be recovered, recycled, and reused at all times. PMX recycles all copper scrap. Copper never goes to a landfill.
Conversely, freshly minted bills last about twenty-one months and then must be removed from circulation, shredded and deposited in landfills. Paper bills also harbor more germs and bacteria than coins. A great deal of money is spent in issuing new paper bills.
Unless the currency unit changes, coins have a lifespan of more than 30 years and are then melted for minting new copper coins. Copper continues its remarkable record as an integral part of mankind.