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Platinum and Gold Mining

ajmanajman Posts: 1,359 ✭✭✭
in Precious Metals
Hi everyone. I was wondering.... The U.S. Mint states that every coin that they they produce in gold and platinum has to be mined here in the U.S. Where are the gold and platinum mines? Can anyone shed any light into where and how much is mined per year? Thanks.
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Comments

  • fcfc Posts: 12,793 ✭✭✭
    well lets look at the UHR gold coin recently released.

    the mint contracted a canadian company called gold corp.
    http://www.goldcorp.com/

    They have mines in the US. See the website.

    But they ship the gold to the Perth Mint in Australia which they own
    to produce the blanks.

    So yes, the gold is mined in the US but this is really an international type of industry. I wonder if the US mint even checks the fact it came
    from US mines but why would gold corp want to mess up a nice fat
    contract? Seems silly to me to not go along with the deal.

    i hope this helps.
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    The US-mined provision was specific to the American Eagle Coin Program (at least the gold & silver - I'm not sure about the platinum coins).

    I'm also not sure if the Spouse Program or the UHR coins had to be US-mined gold. I've not ever heard that as a requirement for the newer programs.
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  • fcfc Posts: 12,793 ✭✭✭


    << <i>The US-mined provision was specific to the American Eagle Coin Program (at least the gold & silver - I'm not sure about the platinum coins).

    I'm also not sure if the Spouse Program or the UHR coins had to be US-mined gold. I've not ever heard that as a requirement for the newer programs. >>



    did not know that. i thought it was for all gold coins.
    good correction jmski.
  • dbcoindbcoin Posts: 2,200 ✭✭
    goldcorp (GG) owns the Perth Mint? No they don't
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Nice to know American eagles are not made from Nazi gold.
  • dbcoindbcoin Posts: 2,200 ✭✭
    Perth Mint

    Perth Mint is owned by Gold Corporation. Nothing to do with Goldcorp (GG) a canadian mining company
  • fcfc Posts: 12,793 ✭✭✭


    << <i>Perth Mint

    Perth Mint is owned by Gold Corporation. Nothing to do with Goldcorp (GG) a canadian mining company >>



    thanks for correcting me. i did not check it as i should have and you
    can see how it was a pretty easy mistake to make :-|
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