Making custom military coins is an industry that is steadily on the rise. These coins have risen in popularity and the demand that this popularity has created led to the growth of the custom coin minting industry.
Custom coins have been around for quite some time now. However, some people do not have a real clue of where they came from. The real story is a mystery to most people as are the costs involved in making these coins.
Making custom coins is not as easy or simple as some people might think. A lot of time, effort and capital are necessary to make these custom coins. Below is a breakdown of some of the costs involved in running a business for making custom military coins.
The cost of the metals
The first thing that should really concern people is the cost of the metal. The price of custom coins often fluctuates because of the price of the metals used in the production process. Market prices for certain metals tend to fluctuate rapidly, while others are often on the rise, albeit at a steady pace such as the case with gold.
A corollary to this is that the cheaper metals lower the costs of production. This is the reason why many people turn to zinc alloy when they order their own batch of custom coins.
Some manufacturers skirt this issue by outsourcing the production process abroad. This way, the cost of raw materials, such as the metals used in making custom military coins, is a lot cheaper.
The machines involved in making the coins
Another major cost in making custom coins is the machines needed to produce them. Making these items requires specialized equipment. One does not just take the metal and place it into a boiling pot to let it melt and simmer for a few minutes.
The oven and billets are used to melt metal and turn them into metal sheets. These metal sheets are then put through the blanking press. The blanking press is the machine that gives the coin the desired shape. After the blanking press comes the minting press.
The minting press is the machine responsible for giving custom military coins their details. To better distinguish the two, the blanking press cuts out the coin’s shape while the minting press is what gives the coin the illustrations, logo, or words if there are any.
There are other various pieces of equipment needed to put the finishing touches on a coin. Some of them give the coin the color and the shine that customers are looking for.
The people who work the machines and paint the coins
Machines would be useless if there are not enough people to run them. People should undergo training and familiarize themselves with the equipment that they use.
Finding people like these tends to cost money since only a few received enough training or have enough knowledge regarding the process of producing custom coins.
Aside from the people who run the machines, there are also those who design the coins. It is not unusual for custom coin makers to have their own design team. Many coin makers often hire artists to help their customers design the ideal coin for them.
An artist’s fee depends largely on his or her own input and the complexity of his or her work. The more difficult and wonderful the work is, the higher their pay.
Delivering the coins
The final cost involved in making custom coins is of course delivery. The coin manufacturers themselves often handle the delivery charges. This is especially true for those who have their coins made by local manufacturers of custom military coins.Continue reading »