|
 Privately-minted
Silver Eagles Silver bullion
investors have made 999 fine silver bullion rounds a preferred way
to own silver bullion. And, Sunshine Minting 1-oz 999 fine silver
bullion rounds have become the preferred silver bullion rounds in
America. Perhaps, rightfully so.
Because of the
famed Sunshine Mine, the name Sunshine is practically synonymous
with silver. Although Sunshine Minting is no longer associated with
Sunshine Mining, having separated in 1994, Sunshine Minting is
carrying on the tradition of Sunshine being associated with silver.
The company is a major silver bullion supplier. In addition to the
1-oz silver bullion rounds pictured above, Sunshine Minting produces
100-, 10-, and 1-oz silver bars. Further, Sunshine Minting supplies
silver to the US Mint for its Silver Eagle program.
1-oz Sunshine rounds come loose in bags, generally 250 coins to a
bag. A Sunshine silver round is 37 mm in diameter.
(The original Sunshine Mining no longer exists, and its demise
illustrates the pitfalls of investing in mining stocks. For more
than 100 years, the company’s name was synonymous with silver
because of the famed Sunshine Mine, which is now mothballed. A few
years ago, management borrowed huge sums of money, but low silver
prices made it impossible to service the debt. As a result,
creditors converted their debt to Sunshine stock, diluting
shareholders to about 4% of their previous positions. A few months
after that, the creditors took for themselves—out of the company—a
supposedly “world class” silver property in South America, leaving
the “reorganized” Sunshine Mining and Refining Company only a
shell. One bad management decision sank a company with over one
hundred years of history. Although speculating in mining company
stocks can be exciting, physical bullion offers investors much
greater security.) |
