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<p>[QUOTE=&quot;Copper Head, post: 1384185, member: 26489&quot;]CoinWorld</p><p>by Paul Gilkes</p><p>February 27, 2012</p><p><br /></p><p>Switching the fineness of silver in the annual Silver Proof sets and America the Beautiful Quarters Silver Proof set to .999 from the current .900 would produce significant savings in refining and manufacturing costs for the U.S. Mint, according to spokesman Michael White.</p><p><br /></p><p>The move would also open the pool to additional blank vendors, White said.</p><p><br /></p><p>President Obama’s proposed Fiscal Year 2013 federal budget includes a provision to amend Title 31, Section 5112, so that the dime, quarter dollars and half dollars in the various Silver Proof sets would be required to be composed of no less than 90 percent silver, rather than precisely 90 percent silver.</p><p><br /></p><p>“The big picture is that fabricators that work with .999 fine silver blanks must charge us more to refine to 90/10 fineness,” White said, referring to the current 90 percent silver, 10 percent copper alloy used for the dime, quarter dollar and half dollar in the sets. “We expect minor cost reductions from consolidating purchasing, die life improvements and freight savings, but, most importantly, the change would give us the opportunity to expand our supplier base. Of course, prices will reflect the increased silver content of the coins.”</p><p><br /></p><p><a href="http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/" rel="nofollow">Article</a></p><p><br /></p><p>Sounds good to me.[/QUOTE]</p><p><br /></p>

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