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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.
It is known as a supplier of silver planchets to the United States Mint and as the manufacturer of the private Liberty Dollar coins. [1] Sunshine Minting provides custom minting services and has an on-site storage vault program for customers who own at least 10 ounces of gold or 500 ounces of silver. [2]
The Liberty Dollar "base value" was created by Bernard von NotHaus. As of 2009, the base value of the Liberty Dollar was $20 Liberty Dollars to one ounce of silver. [13] At the time the Liberty Dollar operation was closed, one ounce Liberty Dollar gold pieces were denominated $1,000 with a maximum charge of 10% over spot price with membership.
Nov. 30—An emergency response organization involved in rescue efforts during the Sunshine Mine Disaster celebrated its centennial anniversary this year with a limited-edition silver coin. Based ...
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.
From historical records beginning in 1904, the Sunshine Mine has produced 364,893,421 ounces of silver from 12,953,045 tons of ore through 2001, when the mine was closed. From January 1, 1998, to January 1, 2004, the average reserves carried by the mine were 1.38 million tons, containing 32.20 million ounces of silver at 23.3 oz Ag/ton.
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