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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.
Giordano International Limited is an international retailer of men's, women's and children's apparel and accessories founded in Hong Kong in 1981. [ 1 ] Giordano now employs over 6,500 staff, with around 1,800 shops operating in more than 30 countries and regions worldwide.
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.
In 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%, with silver futures reaching an intraday COMEX all-time high of $50.35 per troy ounce and a reduction of the silver/gold ratio down to 1:17.0.
From 1982 through 1995, the one, 1 ⁄ 2 and 1 ⁄ 4 ounce silver coins had slightly smaller diameters and greater thicknesses than current minted coins. From 1981 through 1990, the gold coins contained 90% gold (.90 fineness ).
A silver coin is durable and long lasting (pure silver is relatively soft and subject to wear) . A silver coin is not subject to decay. A silver coin has intrinsic value, although the price of silver bullion coins is subject to market swings and general inflation. [6] Silver has always been a rare metal.
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