Constitutional silver is coming!

We love silver! Our branded silver rounds have been around for a few years now and our customers quickly bought up most of our first batch. We release what we have left slowly so as not to sell out, allowing new customers who also want to own a complete collection of our metals the chance to do so. The biggest problem with making another batch of our silver rounds is that we are still a very small company and per unit manufacturing costs are very high for small batches making it difficult to compete with large mints that only produce silver and maybe also gold and can run batches in the millions of rounds. As silver's spot price has dropped this year we have thought about stocking up on our silver rounds. Instead, we decided on an option more in tune with our motto. Silver is precious though not particularly rare, at least relative to the rarest elemental metals we've had since we started our company back in 2013, namely ruthenium, rhenium, and osmium. A form of silver that is much more rare are the last regular circulation, real silver, silver dollars of the United States, namely the Morgan and Peace silver dollars. Called Constitutional silver, these coins are 90% silver (each containing .7734 grams of silver to be exact) as specified by the U.S. Constitution along with gold to be the legal tender of our country. Paper money from that era included gold and silver certificates which were redeemable for the real thing. Silver certificates were issued from 1878 until 1963 and were redeemable for the specified amount silver until 1968. Gold certificates were issued from 1863 until 1933 when F.D.R. signed Executive Order 6102 on April 5, 1933 making it illegal to own gold bullion, coins and certificates. The US dollar was still tied to gold in international trade until President Nixon effectively ended the gold standard in 1971, making the US dollar a purely fiat currency ever since. Hence, all paper dollars issued since the creation of the Federal Reserve in 1913, now with no gold backing only retain about 3% of their original purchasing power. Thus, these Constitutional silver dollars are the last of their kind and are the last U.S. dollars that will be able to retain their value over time as our founding fathers intended. And really, since each of these silver dollars were worth a dollar apiece starting in their first year of issue in 1878, what do you think they should be worth 140 years later? We like the odds of their value outpacing the rate of inflation in coming years as we expect the price of silver will eventually at least normalize relative to other commodities. For example silver spiked to around $50 an ounce in 1980 and again in 2011 yet is only worth about $15/ounce today. Gold prices around those same times were about $800/1900/1200 per ounce, palladium was about $200/850/950 per ounce, platinum was about $900/1800/800 per ounce, rhodium was about $800/2800/2200 per ounce, oil was about $120/120/70 per barrel, corn was about $4/8/4 per bushel, copper was about $1/4/3 per pound, and pork bellies were about $70/135/175 per cwt. Silver is currently about 70% below its historical and most recent highs. Platinum is in the ballpark having hit an all-time high of about 2300 in 2008, currently about 65% below this peak price. Rhodium is outpacing the other two having hit a high of $10,000 per ounce in 2008, currently down almost 80% from its all time high. Rhodium was actually trading around $600/ounce just two years ago in August of 2016 and was down about 94% at that time. We know of no other commodities as ripe for a rebound, with rhodium starting two years ago and platinum and silver bulls hoping to find a bottom soon.

Certainly millions and millions of these Peace and Morgan silver dollars were issued in their times but many if not most have been melted for their silver content long ago. No one knows for sure how many are left. Our Morgan Silver Dollars will be in extra fine (XF) condition and were minted from 1878 through 1904. Our Peace Silver Dollars will be in almost uncirculated (AU) condition and were minted from 1921-1928 and again in 1934 and 1935, though the most common years are 1922 and 1923. The Peace Silver dollars are almost 100 years old and the Morgans are all over 100 years old, some up to 140 years old. We therefore feel that Constitutional silver dollars of this quality are a rare form of silver indeed, one we expect will continue to appreciate in price while their paper counterparts continue to decline towards intrinsic value. These are certain to be among the most prized pieces of any coin, element, or precious metal collection. Own what's rare!



 RWMM Morgan Silver Dollar XF    RWMM Morgan silver dollar XF - reverse

RWMM Peace silver dollar AU     RWMM Peace silver dollar AU - reverse



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1 comment

  • Do you have tours? I grew up in Cincinnati and visit almost every year. I am planning a trip in March 2019 and would like to visit your location and the Osborne mint.
    I love your stuff and will be ordering more.

    Tom Bross

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