The new Silver Proof Coins

Thanks

 

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This is not a 1/off process. This will be the composition going forward.

The vagueness in the law now allows them to make 90% coins if they choose, but until the .999 fine blanks are more expensive than the .900 fine, this will be the new composition.

 

It is nothing more than curiosity on my part. I believed that the weights would change, and was wondering what the difference between .900 and .999 blanks are.

These in effect, are now also bullion issues, but much like the 5 ounce coins, not priced near bullion enough to matter.

 

Given "the vagueness in the law", wouldn't it be a kick in the teeth if they started minting all the silver issues in sterling?

 

And just why is it that the Mint never makes all silver nickels? Is it just because it's called a nickel, and is made with nickel? I think it'd be pretty cool if they minted some all silver nickels too.

 

It’s because changes in composition of our coins must be authorized by Congress. There is no authorization currently for an all-silver nickel.

 

But, but, but, if the weight is off, will vending machines reject these?

 

Feel free to try it -- with yours, not mine.

 

Might spit them out like canada coins.

 

Way of the future, folks. End of an era. Coin silver is no longer to be.

The King is dead........long live the King.

 

Well, Ken, here’s food for thought: if 90% is ever cheaper than .999, the Mint can change it back without any changes to existing law.

So maybe brain dead, and on a ventilator, but not quite clinically dead yet.

 

The change to .999 is why I have begun to collect the Silver Proof sets and the ATB Quarters again (pre '64 still a favorite) .

 

Well, enjoy them while they last.

The demand for these sets goes down a little but every year. At some point, demand won’t justify the sets anymore.

 

Or is this a one time thing in correlation to the Apollo silver dollar? Like the 2017 "P" Lincoln cent? or the 2019 "W" quarters? Does the U.S. Mint have any clue as to what they are doing?

 

Yeah, they have a clue all right, They're getting us to spend our money on their money.

 

Yes they will, of course they reject 90% silver coins as well.

 

shhhhh

 

It will be doing you a favor as all silver coins are worth more than face value. I know you know that and were being sarcastic but just letting the newbies in on the joke.

 

I thought I did that with the smilie....

 

I can never figure out which one is the sarcastic smile!