|
Ask the Dealer |
|
Welcome to Rare Coins of Raleigh |
|
COINS, CURRENCY AND PRECIOUS METALS ¨ BUYING, SELLING AND INVESTMENTS
|
|
To submit your question to be featured on our page, please email us at rarecoinsofraleigh@gmail.com |
|
Where does the US mint acquire its silver for coin production? ~ Jackson |
|
The US mint, regardless of actual mint location, acquires its silver from already owned US stockpiles of silver, gold, and other precious metals. In the event of stockpile depletion, the government by law must acquire the precious metals from natural deposits here in the United States or US territories according to the Liberty Coin Act.
"At such time as the silver stockpile is depleted, the Secretary shall obtain silver as described in paragraph (1) to mint coins authorized under section 5112(e). If it is not economically feasible to obtain such silver, the Secretary may obtain silver for coins authorized under section 5112(e) from other available sources."
Here is a link to the full act of law passed by congress. |
