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<p>[QUOTE="cpm9ball, post: 1181534, member: 24633"]Welcome to the neighborhood!</p><p> </p><p>It is a medal rather than a coin. While the Franklin Mint does produce coinage for smaller nations, they do not produce any coins for the US. It is also a good possibility that these are .925 sterling silver because that is what the Franklin Mint uses most often. The "ridges" as you called them are properly called a "reeded edge" and is similar to what you see on US 50c, 25c & 10c coins.</p><p> </p><p>You mentioned that you think they were passed along from your (step?) grandfather whom you believed may have worked for the Franklin Mint. This is only conjecture, but it's possible that these were flawed strikes in the course of production, and the indentation was placed on them intentionally by the Franklin Mint so they wouldn't be released for retail sale. It's also possible that they were sold to employees for the melt value of the silver. To me, this would make sense from a business standpoint because it would save them the added expense of melting & refining to make new planchets, and they could (possibly) write off the lost "premium" on their taxes.</p><p> </p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 1181534, member: 24633"]Welcome to the neighborhood! It is a medal rather than a coin. While the Franklin Mint does produce coinage for smaller nations, they do not produce any coins for the US. It is also a good possibility that these are .925 sterling silver because that is what the Franklin Mint uses most often. The "ridges" as you called them are properly called a "reeded edge" and is similar to what you see on US 50c, 25c & 10c coins. You mentioned that you think they were passed along from your (step?) grandfather whom you believed may have worked for the Franklin Mint. This is only conjecture, but it's possible that these were flawed strikes in the course of production, and the indentation was placed on them intentionally by the Franklin Mint so they wouldn't be released for retail sale. It's also possible that they were sold to employees for the melt value of the silver. To me, this would make sense from a business standpoint because it would save them the added expense of melting & refining to make new planchets, and they could (possibly) write off the lost "premium" on their taxes. Chris[/QUOTE]
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