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Mint touts cost savings in .999 silver switch
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<p>[QUOTE="Conder101, post: 1384433, member: 66"]I don't like it.</p><p><br /></p><p>They are talking about a minor savings in manufacturing cost, but up to almost a 10% INCREASE in materials cost. Also the way that law is now written you would have no idea what you are really receiving. They throw out that .999 fine figure but the way the law is written you might get .999 fine in one batch, .910 fine in another. maybe .934 fine in a third and they would all be acceptable because they meet the "at least .900 fine" clause! So the collectors may wind up being charged a higher price for the coins as if they are .999 fine, and receive .901 fine. The refiners will love it because they won't have to strive to meet that close tolerance .999 fine figure anymore. The first crude refining gets you over the 90% mark and you're done, no more refining needed.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1384433, member: 66"]I don't like it. They are talking about a minor savings in manufacturing cost, but up to almost a 10% INCREASE in materials cost. Also the way that law is now written you would have no idea what you are really receiving. They throw out that .999 fine figure but the way the law is written you might get .999 fine in one batch, .910 fine in another. maybe .934 fine in a third and they would all be acceptable because they meet the "at least .900 fine" clause! So the collectors may wind up being charged a higher price for the coins as if they are .999 fine, and receive .901 fine. The refiners will love it because they won't have to strive to meet that close tolerance .999 fine figure anymore. The first crude refining gets you over the 90% mark and you're done, no more refining needed.[/QUOTE]
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Mint touts cost savings in .999 silver switch
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