How are Silver Coins Minted?
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- čas přidán 7. 09. 2011
- A behind the scenes look at how silver coins are struck.
This special tour follows the process of minting a silver coin from raw silver to final strike. Filmed at the North West Territorial Mint near Reno, NV, it covers the whole process of producing a one ounce silver round.
Presented by Endeavour Silver Corp. as part of the Endeavour Silver Series of educational films on all things silver. www.edrsilver.com. Sorry, our silver coins aren't available for sale.
As a former furnace operator / ladle man at an old style iron foundry... I understand your process well.
And it works well.
Nice work
The Weigh balances the Quality, incorporated at every MINT, perfectly weighed, according to its TROY ounces be it silver, gold, bronze, Tin, aluminum. Its great to have the MINTS System around for every classification of metal.
Very informative but the music was over loud and intrusive.
⁰botty bass dirtyemo,hard work house
Yeah. Could do without the backing track.
but he makes such original content,bhahaha not.
evreybody in on the annoying music added to videos
Pretty cool to see how silver coins are made. It's a pretty labor intensive process.
ay yo dem aint coins bruv dey rounds
Better then toilet paper usd
Now I see why premiums are so high… they gotta pay a small army’s salary.
Love seeing how things are made!
This was great watch.
This could possibly be my dream job, I love the noise of the silver blanks landing on each other.
What was more interesting was that lit beat track y'all chose for music! 🔥👌
0:38 Metal Mario!
I worked for 25-years at a printing plant, and I think working at a mint would be interesting. And probably no more repetitive than printing.
Wonder about their employee discounts! :-)
I built my silver stack one piece at a time..... and it didnt cost me a dime
Very interesting, Thank you..
I never knew endeavor makes silver, where do they all go, never seen one.
Is there a machine that does it all together ?
Like from the melting to printing/stamping ?
I have never seen entire process be fully automated from start to finish. But it could be done.
Another silver company has furnace and crucible directly feed the molten silver into an extrusion die. You cannot see it in their video...but their crucible has to have an overflow lip to feed the extruder the way they do it. But other parts of their process are manual.
This video... They pour silver into big rods...which then get extruded...and here the process is more automated at end of process than other company.
Every company is slightly different.
@darrinwebber4077 can you please tell me the name of this company? I've been minting coins but striking isn't embossing it enough. Perhaps molten silver directed into die will fix all my problems
What coins or rounds do they mint?
Good overview of process of making silver coins. Thank you for posting. Collecting silver is made more engaging by such insight into the daily grind realities of production.
Aww this so awsome i love it thanks 4 shareing it with us....i just subb to yall page
What are the dies made from to be carvable and yet able to press a relief into a coin?
+Daniel Franks i think they engraved using a pantograph or laser machine , those tools shown in the video are used to clean out and maybe sharpen the die from time to time
David Hicks do you know which alloy exactly ? we've been experimenting with HSS, i was wondering if there was anything better out there
Don't know about this particular private mint, but the US Mint's modern dies are made out of hardened steel. These dies are capable of producing many hundreds of thousands of coins before they are retired and destroyed, or cancelled/defaced. [if you watch eBay, you'll see cancelled/defaced dies for sale--sometimes, an "uncancelled" die will come up for sale; those are much more expensive]
Hardened steel. While I am sure they may carve the obverse and reverse of the coin surface with an unhardened die face, the final product undergoes a hardening process via furnace. As others have suggested, a pantograph may be used but some dies are hand carved as well. Coin collecting is a fun and rewarding hobby where we all get to hold on to a little piece of history.
Fascinating to see the whole process.
So the hydraulic coining press is an "HEP 150". Is this is single-strike, or dual-strike coining press?
Whatever happened to the "Taylor & Challen" or "Horden, Mason & Edwards" striking presses? I guess they don't make them anymore?
I know this is a late response but the press is not an "HEP 150" hydraulic press, it is an HME (Hordern, Mason & Edwards) 360 Ton knuckle press with an OmniLink control panel, most likely added by the US Mint before NWTM came into possession of it.
I've never seen one of these rounds for sale, anywhere. I know there is an Endeavor Silver company, I've just never seen any Endeavor product for sale. There are rounds commemorating that sailing ship "Endeavour" that are, I think, minted in AUS. Maybe these just go to Casa Moneda (the Mexican mint) to make Libertads, though that seems like a waste...if so, they would just ship blanks to Casa Moneda.
Does anybody know what the name of that machine actually is at the end where they stamp the design into the blank? Is it a hydraulic press or something else?
hydraulic coining press HEP 150
Thank you! I didn't expect anybody to reply!
OK.
Looks like an HME 360 Ton Knuckle Press to me though
if there not for sale what do they do with them
I think ALL investors in Endeavour Silver should at least get a free silver coin. I've been supporting you guys for a while. Lets call it dividens ;-)
They consistently make a profit, so you must be doing okay...
@@kenc2257 I sold out of that position years ago... I'll probably buy back in if silver hits $18.
I bet they have to be very careful about every bit of scrap metal. This is silver, not cheap tin.
back then it was cheap. I'm sure they are strict at the gold refineries
Well done gentlemen.
Thank you 👍💯😎
could you use trash gas fumes. for this?
My kind of environment! How did I miss working at the Mint in my engineerin' days?
Where were they on career day?
Why aren't they for sale!?
Stockpiling them at the bank.
It sounds like they meant, "We don't sell directly to the public." They only sell to primary dealers who then sell to bullion dealers, from what I understand, which is the case for nearly all mints.
Very nice VideO!! Cheers JJ
Wow!!!
Impressionnant quand même !!!
WHY ARE THEY NOT FOR SALE; HOW DO YOU MAKE MONEY? THANKS!
Mints sell to bullion dealers who sell.
One can purchase the annual proof sets on the mint web site. I know because I buy them every year
@@billbennett9 This is not the U.S. Mint, looks like a private silver coin maker
@@Ricardo_Veteran be careful when buying from private company's and not the countries official mint
@@onebullet2689 It doesn't matter. As long as it has the weight and purity stamped on the coin it's legit
very cool
So this is how they make our bullion.Very cool thanks for the video
I'd love to work here for a day, as long as i can get paid in silver @ spot. I'll take scrap 🤣
Very cool
Wow quite a process to be getting a sparkling, imprinted dime🌟 I would imagine it costs a lot more to make than what it's worth ❓😊👏🙏💞🇦🇺
QUESTION: If they go through all of this work how do they make money if they don't sell the coins?
They probably do some marketing, and have an idea of how many coins/medals (or tokens) they'll be able to sell. Their coins/medals certainly have a pricing market-up, so they'll be able to pay for the processing (and other costs), and make a profit. What coins they don't sell, they will melt down, and put back into the minting process.
O
They sell to huge buyers that sell to you then
Nice Work...
How did you call this one
Thank You Sir.
Ah, so that is how the dies work. There is no knurling step for the rim. It just gets spread out into the rim when pressed.
Why aren't your coins for sale? It seems weird to mint coins and not sell them.
Perhaps he meant they don't sell directly to the public? Most likely, they are under contract to provide silver, or perhaps make coins/medals/tokens for their clients. Their clients could be private organizations (like clubs), governments (for official tender coinage), or government agencies (like the military). The video showed them minting their own 1 oz fine silver rounds, but minting coins/medals may not be their primary business--they have 2 silver mines in Mexico, so they are obviously in the silver mining business.
I know this video is older but how are they in business if they are not selling the coins. Only for private investors only or what. I don't know too much about it but I would like to know.
And the music sucks btw!
actually he skipped a process maybe two, the rolling was mentioned but not shown, and the rimming process was skipped completely, though the rounds being placed in the coining collar had obviously been ran through a rimming machine. The rolling process, the rimming process and maybe an annealing process.
+Yarply Twelve how important is the rimming process ?
+Joseph James rimming is mostly done to size the blank as it reduces its diameter while adding a slight small bulged border, more so if desired to help fill in engraved portions along the outer border of the coining die.
But to answer your question, its rather important, as the blank has to fit inside the bottom die collar of the press where the reverse die sets , not so small as to not fill the border of the coin yet not to large to get jammed inside the collar as they can crack from the excessive pressure or bust a die, a lot of variables in the process and I have been out of coining since I lived in cda Id, almost 20 years, but it was pretty important back then.
ohk , thanks for the info . i am a refiner based out of india, we make coins for local establishments here. im looking into ways to improve our coining facility here . thanks
@@josephjames4306 Where are you sir, can i contact you, out of youtube? Thankyou
Is this at the us mint?
this is too much work, we should just print this stuff! ;-)
James Anderson
Let’s print 2.2 trillion
@@aamirbasir5464 Funny thing is it's mostly digital. Just a few numbers typed on a keyboard, press enter... Most of the money "printed" is digital.
Atleast when it was paper money you were somewhat limited by the physical constraints. Now you just literally create unlimited digital fiat money instantly.
Your comment is 9 years old. Do you think that we have "printed" enough now? Time for silversqueeze!
Yes physical only
@@aamirbasir5464 why not another 2.2 trill on top of the 1.9 🤣😂🤣.
why for sale? I want to buy them!
So cool....
they aren't for sale. what r they for then?
I am curious on the weight of your presses.
Also curious if you use any oil or water in your polishing medium... Or just the steel beads by themselves.
What are those 6mm balls made of ? Porcelain?
It is really an amazing process!
But where does the silver come from? The private sector/mines? Or govt ? Who do the silver coin makers buy the silver from.
They were using scrap silver
From mining, to refining, to minting, to shipping. $18. An oz . I'd say pretty under valued.
How about $14 an onze?
@@argentum530 August 10th 2020, it's at $28+/ ounce
2 sept. 2020 36 $ canadien. Prévision de 100 $ canadien en 2021 www.kitco.com/charts/livesilver.html
25.5
22.09
Gold and silver blank die how to define clearance between punch and die
Surprised at the amount of manual work involved. Surely that can be automated nowadays.
The US Mint is certainly more automated. However, the blanks/planchets they were minting were burnished and then hand loaded, and struck 3 times (in the video). That would mean these were "proof" quality strikes, which are usually made for collectors. A regular/"business" struck coin/medal would have less hand-work involved.
@sidkings ya what he said
This is awesome. I wonder if the employees are silver stackers.
Great video and insight on how silver coins are minted. Subsrcribed
Wonder Why they would make All those coins then say "sorry their not for sale"?
Nice
Hey i need this machines
Where are the milk spots added
Can we get vocals with the death metal?
Men dressed in silver: We melt silver, yeah.
Omg I laughed so hard when he said that lol 0:38😂😂🤯
That is very hot job
Talk about a dream come true.
whoa
It must take ages to stamp every coin by hand
I want one of those rounds.
I've never seen them for sale on eBay. They do look nice, though.
1:46 "it slides into my kitty" wowwwwwwwwwww, doesn't sound wrong at all
the man running the blanking press has gone far. Good friend of mine. I now make these and other dies for Him
What if some worker steals a coin?
Not worth it--they'll lose their nice job.
they go in the next melt.
And radio now box on the screen
If they are not for sale then who is buying them? I'd like to have one!
If your video has periodic sound, try to align music beet to it. Also horrible choice of music !
Is sounds like a terraria sound track or a reject daft punk song.
makes me want to empty the garage and melt, billet, burnish, strike. repeat.
You have precious metal (silver, gold, etc.) sitting around in your garage? Lucky...
MELT and POUR. EXTRUDE. ROLL to thickness. BLANK. RIM the blanks. BURNISH. STRIKE. with ANNEALING sometimes added to the process between blanking and rimming.
best mint video
But I like it way of keeping besy
We see the massive Wall Street that coming in
Any body have knowledge about the 8 yr fanamanon and rare mint coins it supost to beginning this March when the dollers value reaches it highest value over 674 times its own value making millions from pennies on the dollar WHAT
No Chrustin
Not really, you place it under and lower the press. I'm sure if you get the rhythm down, you can stamp 10-20 coins per minute. Just watch your fingers.
I don't think that machine will descend and "strike" a blank unless BOTH hands are on the two-hand trip levers (one hand on each lever).
SOMEONE HAS A BLACK EYE JACKSON 20 ON EBAY.SO RARE
Guess I'll take my money else where since it's not for sale
somehow, the music is perfect...
Dawn of the Dead-ish...
The dead being the unprepared masses... zombies...
Best comment on CZcams!
music is pretty silly when the silver is flaten like taffy 3:06
All of the music on this video is weird.
Hi Yo Silver!!!!!
They are sold to West Point to mint silver dollars
BLACK EYE JACKSON 20 DOLLAR BILL ON EBAY.SO RARE
😎👍🏻😎👍🏻
Looks like very dangerous work due to the high heat of the metal. I hope these folks are making a good wage.
Silver coin factory good
I wouldn't last ten minutes working there...even my socks would be jinglin. 🤐😜
Ha! I'm sure there is pretty good security there, even though silver is less than $23 an ounce [Oct 2021]. Probably not "de Beers" diamond-mine-level security (I think those guys do "body cavity" checks), but pretty good, still.
@@kenc2257 I agree about you, would've been my dream job... my comment though, was said with tongue firmly in cheek. 😁
Very informative! (though I don't think the music added much to the documentary).
keep on punching, nice video thanks!
According to
I don't count down skip is twenty twenty two