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<p>[QUOTE=&quot;in5urgent, post: 1762970, member: 56083&quot;][quote=&quot; I am assuming that they can&#039;t use recycled silver and need it mined.[/quote]</p><p>&nbsp;</p><p><font face="Arial"><span style="color: #000000">From the <a href="http://uscodebeta.house.gov/statutes/1985/1985-099-0061.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://uscodebeta.house.gov/statutes/1985/1985-099-0061.pdf" rel="nofollow">Liberty Coin Act of 1985</a>:&nbsp; “The Secretary shall obtain silver for the coins minted under this title only from stockpiles established under the Strategic and Critical Materials Stock Piling Act”</span></font></p><p>&nbsp;</p><p><font face="Arial"><span style="color: #000000">From the <a href="http://www.usmint.gov/pressroom/legislation/Public_Law_99-185.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/pressroom/legislation/Public_Law_99-185.pdf" rel="nofollow">Gold Bullion Coin Act of 1985</a>: “The Secretary shall acquire gold for the coins issued under section 5112(i) of this title by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within one year after the month in which the ore from which it is derived was mined . . . In the absence of available supplies of such gold at the average world price, the Secretary may use gold from reserves held by the United States . . .”</span></font></p><p>&nbsp;</p><p><font face="Arial"><span style="color: #000000">All of the coins minted by the United States are made only by congressional legislation, which is usually drafted to protect the constituents and interests that get the Congressmen elected.&nbsp; The ASE program only came about as a way to prevent the government from dumping silver reserves onto the market and depressing the price of silver, which would have been detrimental to mining interests in Idaho.&nbsp; You can read more about it on <a href="http://en.wikipedia.org/wiki/American_Silver_Eagle" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/American_Silver_Eagle" rel="nofollow">Wikipedia</a>.</span></font></p><p>&nbsp;</p><p><font face="Arial"><span style="color: #000000">So Westtexasbound is right: by the authorizing legislation they can&#039;t use recycled silver or gold in US Mint coins.</span></font>[/QUOTE]</p><p><br /></p>

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