Sunshine Minting, Inc. a.k.a. Sunshine Mint is a privately owned company that is in the manufacturing of gold and silver products for the precious metals industry. As a leader in the minting industry, evident by their ISO 9001:2015 Quality Management System standard recognition, they utilize the best technology to produce the highest quality gold and silver bars and rounds.
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Who is Sunshine Mint?
Sunshine Minting, Inc. a.k.a. Sunshine Mint is a private mint that produces the highest quality silver rounds and bars in the precious metals industry by a privately owned precious metals mint. They became known for their high-quality products and production early on and since have produced planchets for the U.S. Mint and other undisclosed mints around the world.
They produce their own recognized silver rounds and bars in various sizes from 1 gram to 1 kg gold bullion. Typical sizes are 1 oz for rounds and 1 oz, 5 oz, and 10 oz for silver bars. Fractional gold bars minted with the Sunshine Minting label are also available in 1-gram to 1-oz size.
Sunshine Minting products have the highest security and counterfeiting measures. Their SMI-branded products all have the Scrambled Indicia security feature or Mint Mark SI™. This micro-engraving feature can only be identified using a Mint Mark SI™ decoding lens available to purchase from various sources.
The primary business of Sunshine Mint is the production of silver bars and planchets for other businesses to stamp with their private label. These blanks are made in a variety of sizes, weighed, and authenticated for their silver and gold purity before shipping. Once received, these blanks get transformed into privately labeled silver rounds and bars by several precious metals companies and sold to the public.
The secondary business of Sunshine Minting, Inc. is the production of their own branded silver and gold metals. These metals are produced and then wholesale sold to retailers for sale to the public. Sunshine Mint does not sell its product on its website. We also were unable to find a website that was exclusive to Sunshine Minting as a retail outlet.
All metals produced by Sunshine Mint are of the highest quality and purity. Silver purity is .999 and gold is .995 or better. Therefore, the silver and gold produced and labeled under the Sunshine Mint brand qualify for a self-directed IRA under the IRS requirements.
Sunshine Minting Locations
Sunshine Mint has three recognized locations for minting rounds and bars. They do not have a retail location as they are not in the business to sell direct to consumers.
7600 Eastgate Road, Henderson, NV 89011 contact # 1-702-826-4441
750 West Canfield Avenue, Coeur d'Alene, ID 83815 contact # 1-208-772-9592
Sunshine Minting International (Shanghai) Co. Ltd.
365 Hong Liu Road, PuTuo District, Shanghai 200331 P.R. China contact # +86-21-60736118
What is a Self-Directed IRA?
Gold or Silver IRA
A self-directed IRA is also referred to as a Gold or Silver IRA. This is a retirement account that you can set up as a traditional or Roth IRA. The SDIRA allows you to control the investments inside the IRA. You can choose to invest in alternative investments i.e. gold, silver, platinum, or palladium precious metals or you can choose to invest in real estate or other alternative investments.
Benefits of a Gold IRA
Precious metals IRAs give individuals the opportunity to move retirement savings into a physical asset that has for centuries been in demand as currency for trade or coinage for cash storage. With the allowance for investors to open a Gold IRA, investors have stored gold as a hedge against inflation and a means to remove cash from the traditional stock market and banking system.
Funding a New SDIRA
Individuals can open and fund their Gold IRA similar to that of other traditional and Roth IRAs. They must adhere to the requirements of the funds being from income derived from a job or business in the amounts of $6,500 for those under the age of 50 or $7,500 for those over the age of 50. The alternative to funding the SDIRA yearly is to roll over from an existing IRA or employer's 401(k).
Bullion in a SDIRA
There are restrictions on a self-directed retirement IRA. One such restriction is the purity of the metals you can purchase with your IRA Account. Precious metals purity is as follows:
- Gold: 995 pure
- Silver: 999 pure
- Platinum: 9995 pure
- Palladium: 9995 pure
What Silver and Gold Products Does SMI Produce
Sunshine Mint produces silver rounds and bars in a variety of sizes. They also produce a few gold bars in fractional sizes with their branding.
Fractional sizes could be 1 gram, 1/4 ounce, 1/2 ounce, or 1 ounce. When speaking about ounces in precious metals we are talking about a Troy Ounce.
Sunshine Minting Products include;
- American Silver Eagle planchets
- Burundi Lion series
- Chad Lion series
- Cook Islands Silver Bounty series
- St. Helena Spade Guinea series
- Somaliland Lunar series (2014 on)
- Tokelau Lunar series (2014 on)
- Kitco rounds (1998-2008)
- NorFed Dollars (1998-2008)
- Vintage generic rounds
- Modern bullion rounds
Where can you buy Sunshine Mint products? You can head on over to your local coin shop and ask for the Sunshine Minting Gold or Silver directly or you can check online retailers of gold and silver bullion like that of Money Metals Exchange. These are places you can buy individual coins or bars.
If you want to open a Gold or Silver IRA you should contact a reputable Gold Dealer who specializes in precious metals IRAs. These gold dealers primarily focus on your retirement savings by educating their customers on the benefits of owning precious metals. They are not retailers for individual coins, numismatics, or rare coins. They work with you and your retirement plan to make informed decisions. Two of the best are Goldco and Augusta Precious Metals. Click on the link below and get your FREE information kits.
Final Thoughts on Sunshine Minting, Inc.
When you are looking at purchasing individual rounds or bars, Sunshine Mint products are qualified for your retirement IRA and are a viable option for bullion. Having the reputation as one of the best production companies for private mints has made them an industry standard.
You can acquire their produces for home storage or IRA and will be happy with your choice for this privately owned mint.
Don't shy away from the Sunshine Mint's products.
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