The silver coin minting process is a very interesting process from A to Z. It shows for one that a lot of time and effort goes into the minting of silver coins.
Silver Bullion is of the opinion that every silver stacker should know about the process involved in minting silver coins. This should not only grow and expand one’s appreciation for the time and effort that goes into it, but also one’s appreciation for money, especially in the form of silver coins. Silver is money after all, because unlike fiat currencies, it has intrinsic value that is not dependent on any government edict or declaration. It is also carries no third party risk. This is but two mention two critical characteristics of something that can be defined as money in the true sense of the word. Thus, without further ado, let’s consider the silver minting process by focusing on the 5 steps involved, namely: Melt, Extrude, Blank, Burnish and Strike (MEBBS)…
STEP 1: MINT
Fine silver, silver with a purity of 99.9%, gets melted at a temperature of 1093.33 C (2000 F) and then get poured into cylindrical billets. Silver turns into liquid at 926.667 C (1700 F), so they push the temperature up to 1093.33 C so that the silver doesn’t cool down too quickly. They also make sure that the silver doesn’t overheat. The aim is to heat up the silver just enough to make optimal pouring possible, which was determined to be at 1093.33 C (2000 F) as already mentioned.
STEP 2: EXTRUDE
The cylindrical billets are forced through what is called an extruder. This is to create long, thin strips of silver.
STEP 3: BLANK
Silver blanks are punched out of the long, thin strips of silver that were cut out of the cylindrical billets that were inserted into the extruder. The blanks are then weighed to make sure the weight is correct.
STEP 4: BURNISH
This is the step where the silver blanks get polished to a shine before striking (or pressing).
STEP 5: STRIKE
The coin design gets etched into a steel die which are used to press/strike the design into the silver blanks, one by one.
Be sure to watch the video below in order to visually observe what is going down during the silver coin minting process: