Private U.S. Mint With Highest Quality Products: Silver Towne Mint
Investors and novice silver buyers often come across minted rounds and bars and wonder who produced them and if the product or company is legitimate. Silver Towne Mint has been in existence since 1978 and produces .999 Fine Silver Products. There are significant differences between private mints and sovereign mints. Silver Towne Mint is a private mint located in the United States.
Silver Towne Mint, A high-quality bullion producer, produces Legal Tender Coins, Investment Grade Bars, Rounds, and unique corporate or special event Silver promotional products. The company has the highest quality and purity products and has the ISO 9001:2015 Certification to prove it.
While originally 100% owned by SilverTowne, LP, the Silver Town Mint is currently a subsidiary of A-Mark Precious Metals, Inc (NASDAQ: AMRK). In August 2016, A-Mark purchased a significant portion of the precious metals minting business from SilverTowne, LP. The SilverTowne, LP still has a physical showroom in Winchester, IN, and an online e-commerce store offering Silver Towne Minted rounds, corporate custom gifts, holiday gifts, and more.
A-Mark Precious Metals, Inc. is a full-service vertical integration precious metals business that has retail e-commerce operations, minting, distribution, and business arrangements with mints across the world to provide investors with the highest quality precious metals products.
What is Silver Town Mint?
An American private mint located in Winchester, IN, Silver Towne Mint is a subsidiary company partially owned by A-Mark Precious Metals, Inc. and SilverTowne, LP.
One of the largest and most widely recognized private U.S. Mints, the Silver Towne Mint produces Silver products that include Legal Tender Coins, Silver Rounds, Bars, Bullets, and other collectible and commemorative products. A unique feature of the mint is its ability to produce custom minting products for awards, recognition, advertising, and promotional products.
Offering a 100% Guaranteed Purity, the extensive process for quality silver finished products includes the responsibly sourced silver from a North American refinery and extensive equipment and technology necessary to calibrate and allow for the highest standards for finished products.
Who Is Silver Towne Mint?
Silver Towne Mint was originally established as part of the SilverTowne, LP company out of Winchester, IN.
In 2016, Silver Town Mint was purchased by A-Mark Precious Metals, Inc. a publically traded company on NASDAQ. A-Mark Precious Metals purchased a primary interest in the company with SilverTowne, LP keeping a percentage of the business ownership. The purchase of the mint provided for vertical integration of a mint into the business providing the necessary production to meet the demands for investment-grade silver in the market.
Management of the company did not immediately change. The infusion of resources allowed for the increased production and operational budget for the company. Now two companies SilverTown, LP continues operations as an e-commerce store and physical business location allowing tourists and silver buyers to come and view the products minted by the Silver Town Mint.
Founded in 1973, Silver Town Mint has been a leading producer of the highest quality silver fabricated rounds and bars. Currently, the mint works with several mints around the world to produce legal tender coins for several countries along with investment-grade silver products.
The mint adheres to the highest quality standards. Having the ISO 9001:2015 Certification allows investors the comfort of knowing the products are designed and minted with the highest quality materials and has the extensive experience to provide a finished product with no imperfections.
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What Products Does Silver Towne Mint Produce?
When starting the minting process, Silver Towne Mint starts with LBMA-approved and COMEX Certified 1,000 oz silver bars.
Silver is melted down and transformed into individual bars for desired thickness. These bars are then cut into smaller bars and minted and stamped or cut into silver blanks used for future rounds and coins.
Once the production process has been completed the finished product includes rounds, ingots, and bars. Die's for the Silver Towne products are all created by in-house master engravers. Dies are created by both Pantograph engraving machines and CNC and Laser engravers.
Along with the traditional investor silver of rounds, coins, and bars the Silver Towne Mint produces unique collectible items and will custom engrave and produce products for individuals and businesses.
- Investment Grade Bars & Rounds - tangible assets for IRA or home storage investment.
- Legal Tender Coins - working with mints around the world to produce coins in different designs and denominations.
- Collectible & Semi-Numismatic Bullion - Silver Towne Mint produces UHR bars and rounds for utmost quality collectible metals.
- Commemoratives, Awards, & Recognition - advertising and promotional products are produced with the highest quality. You can produce items with silver, copper, platinum, gold plated, and more.
The Silver Towne Mint can take your logo or design and turn it into a collectible or commemorative piece. Their in-house full-production process takes the silver from melting to the finished product. Here are some of the additional capabilities.
- Pantograph engraving
- CNC mill and laser dye engraving
- 2D or 3D striking
- Silver, nickel silver, copper, brass, and bronze metal options
- Natural, antiqued, and gold-plated finishes
- Expert hand-enameling
Does Silver Towne Mint Produce IRA Quality Silver?
Yes, the finished investment-grade products are considered IRA approved. IRS approval for silver products includes:
- .999 Fine Silver
- Highest Quality Production
- ISO 9001:2015 Certification **
** Not all IRA custodians require ISO certification. Check with your custodian before purchasing. The products produced by Silver Town Mint for investment are .999 fine and qualify for retirement portfolios.
Items purchased for investment for home storage are based on your interest. You can purchase IRA-approved products Coins, Rounds, or Bars or you can purchase items considered rare coins or numismatics giving the investor more options when buying and storing outside an IRA.
What is a Self-Directed Gold IRA?
A self-directed IRA, commonly known as a Precious Metals IRA or Gold IRA, is a specialized retirement investment vehicle that allows individuals to hold physical precious metals within their retirement accounts (IRAs). Unlike traditional IRAs, which typically include stocks, bonds, and mutual funds, a Precious Metals IRA offers the unique advantage of including precious metals like gold, silver, platinum, and palladium.
For those looking to diversify their retirement portfolios, investing in a Precious Metals IRA has become increasingly popular. Precious metals have a proven historical track record of serving as a hedge against inflation and economic uncertainty. When faced with market volatility, precious metals tend to retain their value and even appreciate, providing a sense of stability to investors.
To establish a Precious Metals IRA, individuals need to partner with a reputable custodian or trustee specialized in these types of accounts. These professionals will guide and support you through the setup process, taking care of the necessary paperwork. Once your account is active, you can fund it through direct transfers or rollovers from existing retirement accounts.
Once your funds are within the Precious Metals IRA, you have the flexibility to purchase physical precious metals such as gold or silver coins and bars through an approved precious metals dealer designated by your custodian. It is essential to ensure that the metals meet the quality standards and requirements set by the IRS to ensure compliance.
However, it's crucial to be aware that Precious Metals IRAs are subject to the same contribution limits and distribution rules as traditional IRAs. Making early withdrawals before the age of 59½ may lead to penalties and taxes.
In conclusion, a Precious Metals IRA presents an opportunity for individuals to include physical precious metals in their retirement portfolios, offering potential diversification and a safeguard against economic uncertainties. To get started, seek guidance from a reputable custodian or trustee who can help navigate the process and ensure adherence to IRS regulations.
Does Silver Towne Mint Sell Direct To Consumer for IRA Placement?
No, Silver Town Mint does not sell investment-grade products direct to consumers. IRA investors must work through their current Gold or Silver IRA dealer. Good options for precious metals dealers for IRA purchases include Goldco or Augusta Precious Metals.
These two companies offer the best and highest customer service standards in the industry. You can get a FREE Wealth Protection Guide from Goldco or Get ZERO IRA Fees from Augusta Precious Metals with a qualifying new account. Just click on the box below for the company that interests you or get the free gold information from each.
If you wish to purchase individual bullion produced by Silver Towne Mint the mint is affiliated with JM Bullion, Provident Metals, and BGASC (Buy Gold and Silver Coins). These companies are also under the ownership umbrella of A-Mark Precious Metals, Inc. and they are e-commerce businesses offering a variety of precious metals for IRA or home storage. You can click on the business name above to get our review of each company.
Two additional places you can purchase silver bullion produced by the Silver Towne Mint are silvertowne.com the original SilverTowne, LP business that sells both in person or online, or Money Metals Exchange. The best thing about e-commerce stores is the buyer's ability to compare pricing.
How Are Precious Metals Priced?
Making the right decision involves knowledge and education. The value of Silver or any other precious metal is in the quantity and quality of the metals. Prices are based on the current spot + any premiums for bullion, rare coins are based on the intrinsic value of the coin which could be higher than that of the melt value, and specialty items, collectibles, etc.. are priced based on the melt value if not unique.
Bullion Price:
Bullion is sold based on The Spot Price + Premium. The spot price is based on the commodities' future price, the retail pricing includes the spot price along with any premiums.
Dealers can hide additional charges in the delivery, premiums, sales commissions, storage fees, or credit card charges for products purchased. All these additional fees along with any premiums already attached to the product will increase your cost of the item.
By being knowledgeable and wise when making any precious metal purchase you can determine what your position is in the metal. The value of the product is based on the "buyers" willingness to pay when you are ready to sell. Therefore, any premium or additional fees may or may not be fully recoverable when you are selling your silver bars or rounds.
Bullion is bought from you based on the Spot Price. Local coin shops and online dealers will not pay retail or "ask" prices for metals. You will be offered, typically, something lower than the current spot price. Some online e-commerce stores will provide a buy price for the coins or bars they are willing to purchase on their website, but back that up with once the items are delivered and inspected their price could change.
To sell your product make contact with a dealer, local shop, or online, and request a buy price for your metals.
Do your due diligence on the companies and their practices before choosing a business to buy or sell.
Pricing Numismatics and Rare Coins:
Numismatics, the study and collection of coins and currency, and rare coins are valued based on several key factors. The value of numismatics and rare coins is often determined by a combination of their rarity, condition, historical significance, and demand among collectors. Here are the primary factors considered in valuing numismatics and rare coins:
- Rarity: The scarcity of a particular coin is a significant factor in determining its value. Coins with low mintage or those that were produced in limited quantities are often considered more valuable since they are harder to find.
- Condition: The condition or grade of a coin plays a vital role in its value. Coins in better condition, known as "mint state" or "uncirculated," generally command higher prices than coins with wear and tear.
- Historical Significance: The historical importance or significance of a coin can greatly influence its value. Coins that were part of key historical events, had unique designs or featured prominent figures or symbols can be highly sought after by collectors.
- Demand: The level of demand among collectors for a particular coin impacts its value. Coins that are in high demand, especially from a specific era or region, tend to have higher prices.
- Authenticity: The authenticity of a coin is crucial. Counterfeit coins are prevalent in the numismatic market, so verifying the authenticity through professional grading services is essential to determine the coin's value accurately.
- Market Conditions: Like any other commodity, the value of numismatics and rare coins can be influenced by market conditions, including changes in collector interest and economic factors.
- Grading: Professional coin grading services evaluate and assign a grade to coins based on their condition. The assigned grade provides a standardized way to assess a coin's value.
- Provenance: A coin's provenance, or its documented ownership history, can add to its value, especially if it has a storied past or has been in significant collections.
Overall, the value of numismatics and rare coins is a combination of objective factors, such as rarity and condition, and subjective elements, such as historical significance and collector demand. As a result, determining the exact value of a specific coin may require the expertise of professional numismatists and coin appraisers. When looking at rare coins check to see if they have been graded by a reputable company like NGC or PCGS. Look for their coin grade if packaged.
Final Thoughts on Silver Towne Mint
Having a Silver Towne Minted round or bar in your possession can give you the confidence that the product was made with the highest quality materials and finish. You can also believe that the name itself gives the satisfaction that others know the reputation of the company.
Being one of the longest-standing private mints in the United States, any owner of a product produced with the Silver Towne Mint can be confident their product will have a secondary market.
Not all precious metals mints offer the same attention to detail as the Silver Town Mint or ISO certification. Research private mints and their reputation before purchasing.
Rest assured the mint is in a good position to continue producing investment-grade products for many years to come.