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<p>[QUOTE="onecenter, post: 1386108, member: 8703"]I also disagree that .900 fineness American silver coins are being thought of, at least in the coin blank preparation business, as "special order." I also realize the US Mint has reduced its planchet making business. As one of the world's largest national mints, I would imagine that all four US Mint facilities combined are producing a great deal of the world's precious metal coinage, regardless of fineness. If I remember correctly, all US Mint coinage production is for our own monetary system. The US Mint currently does not strike any foreign coinage. It can do so, as in the past, but just does not compete much in the foriegn coinage production arena, if at all. US coins are actually exported to El Salvador, Panama and Ecuador as their monetary systems are dollarized.</p><p><br /></p><p>There is no doubt that the .999 fineness standard has emerged as the dominant preference for bullion and investment coinage and collectors love it! Nonetheless, when it comes to traditional numismatic coinage, I can think of at least two other national mints that produce large amounts of silver numismatic coinage for their national and worldwide government customer base--the Royal Canadian Mint and the British Royal Mint. The British national fineness standard is appropriately sterling, .925, and all those lovely numismatic silver round pounds, two-pound coins and five-pound crowns sell nicely in sterling, both in standard planchets and piedforts. Canada has also issued many beautiful collector coins in sterling for years like the 1992 125th anniversary of Confederation series, as just one example.[/QUOTE]</p><p><br /></p>
[QUOTE="onecenter, post: 1386108, member: 8703"]I also disagree that .900 fineness American silver coins are being thought of, at least in the coin blank preparation business, as "special order." I also realize the US Mint has reduced its planchet making business. As one of the world's largest national mints, I would imagine that all four US Mint facilities combined are producing a great deal of the world's precious metal coinage, regardless of fineness. If I remember correctly, all US Mint coinage production is for our own monetary system. The US Mint currently does not strike any foreign coinage. It can do so, as in the past, but just does not compete much in the foriegn coinage production arena, if at all. US coins are actually exported to El Salvador, Panama and Ecuador as their monetary systems are dollarized. There is no doubt that the .999 fineness standard has emerged as the dominant preference for bullion and investment coinage and collectors love it! Nonetheless, when it comes to traditional numismatic coinage, I can think of at least two other national mints that produce large amounts of silver numismatic coinage for their national and worldwide government customer base--the Royal Canadian Mint and the British Royal Mint. The British national fineness standard is appropriately sterling, .925, and all those lovely numismatic silver round pounds, two-pound coins and five-pound crowns sell nicely in sterling, both in standard planchets and piedforts. Canada has also issued many beautiful collector coins in sterling for years like the 1992 125th anniversary of Confederation series, as just one example.[/QUOTE]
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Mint touts cost savings in .999 silver switch
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