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Fixed Bullion Coin Costs: minting, marketing, shipping (Bullion Costs)
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<p>[QUOTE="myownprivy, post: 3247797, member: 84588"]Except it's not. Gold is typically mined itself. Silver is often a byproduct of another type of mining. Thus, the fixed cost of mining should be higher for gold. But someone who knows more about that area should chime in. </p><p><br /></p><p>My original post is that the cost to mint a coin is pretty much a standard cost regardless of whether it's gold or silver or a full ounce or fractional. That cost, of around $2 to make the coin, represents a higher percentage of the price of silver ($14.40 an ounce vs gold $1225 per ounce).[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3247797, member: 84588"]Except it's not. Gold is typically mined itself. Silver is often a byproduct of another type of mining. Thus, the fixed cost of mining should be higher for gold. But someone who knows more about that area should chime in. My original post is that the cost to mint a coin is pretty much a standard cost regardless of whether it's gold or silver or a full ounce or fractional. That cost, of around $2 to make the coin, represents a higher percentage of the price of silver ($14.40 an ounce vs gold $1225 per ounce).[/QUOTE]
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