Hi Guys-
I'm currently having dies made for a 1/10oz silver bullion round. The fine silver will be melted; poured into a sheet ingot; rolled on a rolling mill; Planchets punched; tumbled in steel shot for polishing; then the rounds will be struck by hand.
Sounds like a lot of work, but I've always wanted to do it. I chose 1/10oz silver rounds because it is a good size to hand strike, and they generally demand very high premiums compaired to any other fractional rounds. In many cases, 1/10oz rounds even sell for close to 2X spot..
The design I am having made is Shovel and pickaxe crossed with One Tenth Troy Ounce (above) - Fine Silver (below). I may have identical obverse/reverse to defray some of the costs. May sound not that impressive, but it looks pretty darn cool.
I will not be minting these until I have all the equipment (dies are being made now, not sure how long they will take). But what I was thinking was to strike these rounds for forum members out of their refined silver bullion. In most cases for you guys, buyers pay you less than spot for your home-refined bars, so maybe having nice minted 1/10oz rounds will appeal to you. (To get spot or better). I may do this to get a little of my money back from the cost of the dies, etc. I havent decided what I would charge to do this, probly pretty low. One problem I have thought of was what if the silver isnt exactly .999 or better? The best solution to that Could come up with was only to have "fine silver" on the rounds, so that is the purity isnt exactly .999+, you are not decieving anybody. "Fine Silver" is basically not intentionally alloyed.
What do you think?
kev
I'm currently having dies made for a 1/10oz silver bullion round. The fine silver will be melted; poured into a sheet ingot; rolled on a rolling mill; Planchets punched; tumbled in steel shot for polishing; then the rounds will be struck by hand.
Sounds like a lot of work, but I've always wanted to do it. I chose 1/10oz silver rounds because it is a good size to hand strike, and they generally demand very high premiums compaired to any other fractional rounds. In many cases, 1/10oz rounds even sell for close to 2X spot..
The design I am having made is Shovel and pickaxe crossed with One Tenth Troy Ounce (above) - Fine Silver (below). I may have identical obverse/reverse to defray some of the costs. May sound not that impressive, but it looks pretty darn cool.
I will not be minting these until I have all the equipment (dies are being made now, not sure how long they will take). But what I was thinking was to strike these rounds for forum members out of their refined silver bullion. In most cases for you guys, buyers pay you less than spot for your home-refined bars, so maybe having nice minted 1/10oz rounds will appeal to you. (To get spot or better). I may do this to get a little of my money back from the cost of the dies, etc. I havent decided what I would charge to do this, probly pretty low. One problem I have thought of was what if the silver isnt exactly .999 or better? The best solution to that Could come up with was only to have "fine silver" on the rounds, so that is the purity isnt exactly .999+, you are not decieving anybody. "Fine Silver" is basically not intentionally alloyed.
What do you think?
kev