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.999 silver coming to US proof sets?
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<p>[QUOTE="Conder101, post: 1385798, member: 66"]I responded to this on another forum. I think it is a big mistake. I might save a very small amount in manufacturing costs, but it would mean as much as a 10% increase in materials cost. Hardly a savings. Another problem is the way the bill is written. Nowhere does it actually call for 999 fine silver, it calls for "at least 900 fine" silver. This means that ANY fineness between 900 and 999 would be acceptable. That means that the actual fineness could could vary considerably from one batch of planchets to the next and all would still be acceptable. The collector could be paying a higher price based on the assumption of 999 fine silver and receiving 901 fine and that would be within specs! The planchet supplier would love it. Do a crude refining and if it comes back over 90% your done no further costly refining needed.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1385798, member: 66"]I responded to this on another forum. I think it is a big mistake. I might save a very small amount in manufacturing costs, but it would mean as much as a 10% increase in materials cost. Hardly a savings. Another problem is the way the bill is written. Nowhere does it actually call for 999 fine silver, it calls for "at least 900 fine" silver. This means that ANY fineness between 900 and 999 would be acceptable. That means that the actual fineness could could vary considerably from one batch of planchets to the next and all would still be acceptable. The collector could be paying a higher price based on the assumption of 999 fine silver and receiving 901 fine and that would be within specs! The planchet supplier would love it. Do a crude refining and if it comes back over 90% your done no further costly refining needed.[/QUOTE]
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.999 silver coming to US proof sets?
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