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Silver planchets for the series will be supplied by Sunshine Minting. [3] In conjunction with the April 27, 2010, meeting of the Citizens Coinage Advisory Committee in Philadelphia, committee members were shown examples of the America the Beautiful silver bullion coins. [4]
The five-ounce silver dollar, from the Philadelphia Mint, would cost $224.95, with an initial household order limit of one. The smaller silver dollar would cost $54.95 for the proof coin and $51.95 in uncirculated, with a household order limit of 100.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver.They are kept as a store of value or an investment rather than used in day-to-day commerce.
Good Delivery gold bar weighing 12.4 kilograms (400 ozt) Good Delivery silver bar weighing 31.1 kilograms (1,000 ozt) The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. [1]
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
At the height of the 1979-1980 silver boom where it traded above $50.00 per ounce, the firm was purchasing $2M a week in scrap, 1000 ounce delivery bars and contracts for 90% silver coins. The firm was also trading $1M to $5M per week in precious metals contracts, with delivery primarily in Chicago.
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