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In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions (KTT). The company maintained a business-to-business model serving the wholesale market, selling gold and silver bullion exclusively to coin shops and precious metals retailers. [7]
The silver proofs had a limited mintage of 75,000 coins. [47] On September 13, 2021, the Mint issued the “American Eagle 2021 One Ounce Silver Reverse Proof Two-Coin Set Designer Edition.” This set honors the 35th anniversary of the American Silver Eagle Program and the design transition from the 1986 type 1 design to the 2021 type 2 design.
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. [1]
A new coining press from Germany, the Grabener 1000 press, was installed on March 1, 2010, at the Philadelphia Mint for use in producing the America the Beautiful Silver Bullion Coins. The press provides up to 1,000 metric tons (1,100 short tons ) of pressure for each strike and can produce in excess of 1 million coins per year.
One-ounce coins ship in shrink wrap rolls of 20, with 5 rolls in each box of 100. They are minted in four sizes; 1,000 g, 10, 2 and 1 troy ounces. To commemorate the 25th anniversary of the kookaburra coin, the 2015 coin features the same image of the kookaburra as the original 1990 coin.
The privately minted "rounds" usually have a set weight of 1 troy ounce (31.103 g) of 99.9% silver, with the dimensions of 2.54 millimetres (1 ⁄ 10 in) thick and 39 millimetres (1 + 9 ⁄ 16 in) across.
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