US Mint to Stop Making 90% Silver Coins

by Mike Unser on December 8, 2015 · 22 comments

The United States Mint just received an early Christmas present. The agency was gifted the freedom to increase the purity of its 10-cent, 25-cent and 50-cent silver coins.

2015 Silver Proof Set Photo

2015 Silver Proof Sets include 90% silver coins. Future sets are expected to have .999 fine silver coins.

Until President Obama signed the FAST Act into law on Friday, Dec. 4, the U.S. Mint had to produce silver coins for numismatic products like annual proof sets in a composition of 90 percent silver and 10 percent copper. The Mint for years has wanted to make them in .999 fine silver. It now has that authority with tweaks throughout U.S. coinage law that replaced the traditional 90/10 language with "not less than 90 percent silver." The changes open the door for higher purity coins and the Mint plans on walking through it.

CoinNews expects to hear from Mint officials soon on when the move to .999 happens. The decision is not as cut and dry as expected. The San Francisco Mint had already started striking 2016-dated silver coins in the 90/10 mix before our last visit in October. The Mint would have to scrap those, which would seem unlikely, continue to make them along with .999 fine examples, or simply wait and make the changeover in 2017 or later.

A 90% silver and 10% copper ratio is often referred to as "coin silver." The 90/10 mixture was a mainstay of U.S. circulating coins from the early 1800’s until the Coinage Act of 1965 became law. Its use returned in 1982 for modern commemorative coins and in 1992 with the introduction of annual Silver Proof Sets.

The new mandate does not apply to commemoratives, but legislation for recently proposed silver dollars has included the more flexible composition language.

Advantages of .999

There are several benefits in moving to more pure silver. As examples, when the U.S. Mint compared manufacturing data between the 2012 Infantry Soldier Silver Dollar in 90% silver and its .999 fine 2013 Proof American Silver Eagle, the following differences were discovered:

National Infantry
(90/10 Alloy)
American Eagle Silver (0.999 Silver) Comments
Die Life (coins per die) 600 coins 1800 coins 3X better with 0.999 Silver

Scrap (Haze related)

14% avg 10% avg 4% better with 0.999 Silver
Customer Returns 2% avg 1.3% avg 0.7% better with 0.999 Silver
Downtime (Cleaning dies) 80X/day 20X/day 4X less downtime with 0.999 Silver


In terms of quality, the Mint has found that the copper in 90/10 alloy exceeds the maximum solubility of copper in silver and can cause coin spots and hazing, which drives higher scrap rates and customer returns.

The "excess copper precipitates out of solution and can cause a build up on the dies or could cause a harder blank surface," a Mint document describes. "The finished product displays varying amounts of breakup spots and haze."

.999 silver also flows better under pressure. That results in superior fills and fewer strikes to make collectible coins.

The U.S. Mint indicates that while the material cost is lower for 90/10 alloy, the efficiency, quality and manufacturing improvements gained from .999 fine silver are offsetting. There is also a larger supply base for .999 fine silver blanks since they are easier and cheaper to fabricate then custom-made .900 fine silver blanks.

The FAST Act includes other coin-related provisions like edge lettering for 2016 Silver Eagles and a stronger call for one-ounce coins in .9995 fine palladium.

{ 22 comments… read them below or add one }

Seth Riesling December 8, 2015 at 2:31 pm

Mike Unser –

Great, detailed update on your previous article on this exciting topic! Thanks again. Speaking of silver coins, do you know of any updated news on the packaging problems for the 4th year in a row on the 2015 Limited Edition Silver Proof Sets & their issue date? This is such a nice presentation set for gift giving during the Holidays for sure. Hope it is issued soon!


Dwight December 8, 2015 at 3:20 pm

With the FAST Act, changing the cumbersome packaging of bullion Gold Buffalo coins in heat sealed flat plastic sheets having 20 individualized compartments to much more convenient 20-coin plastic tubes would be an improvement.

Whistler December 8, 2015 at 3:59 pm

Sounds like a basis to JAck up their price$ 2me……. 10% for the purity after all its for the kids…of Obama!

boz December 8, 2015 at 4:26 pm

throw the 90 percent ones in the mx with the 99 ers, or toss em n the clad bin, and give us something to root thru

Silgold December 8, 2015 at 7:31 pm

How many more oz of silver need to make annual Silver .999 proof sets? will it push up Silver price? My average cost of buying Silver eagle bullion are over $30+,!!!
I am so stupid for recent years of buying Silver Eagle Coins 🙁
2011 silver Panda sell at over $45 each , ASE selling at $22?
2012 silver panda sell at over $40 each ASE selling at silver value +$4
2016 What the Hell China Panda ONLY 30g , and selling at $25?

Vachon December 8, 2015 at 7:41 pm

So much for tradition (not that I’m a fan of silver proof sets anyway…I figure proof sets should reflect circulating coinage’s actual composition, not a fantasy one)…

Why is the Mint even concerned with manufacturing costs when they charge such a large premium for proof sets?

Richard December 8, 2015 at 9:16 pm

Silver is low enough right now that this hopefully won’t jack the price up too much, though you never know. They should look really good, if kept air tight. The metal is soft enough that details could really stand out. But it certainly is the last step away from the traditional composition. Interesting that they skipped sterling (92.5%) entirely. Waiting till 2017 does make the most sense–having both “high” and “coin” silver grade proof sets is unfair to collectors, and mixing them together would drive people batty.

Kahoola December 8, 2015 at 10:45 pm

Hope that this law will allow silver winged liberty dimes, standing liberty quarters and walking liberty halves in silver. Would love to have these in addition to gold next year.

Mike December 9, 2015 at 5:54 am

When do you think the liberty gold coins will go on sale?

RonnieBGood December 9, 2015 at 11:30 am

The article eludes to the fact that the savings in manufacturing costs will offset the increase in silver cost per coin.
The .999 blanks are easier and cheaper to obtain (cost less). So we can hope that these cost reductions (in Coin production costs) will be passed on to the collector.
In addition, the real “added bonus” for coin collectors is the reduction of “Milk Spots” that can appear on coins years after purchase (even in sealed graded holders).

Joe December 9, 2015 at 12:22 pm

It’s about time.

Whistler December 9, 2015 at 5:37 pm

You can ‘trust’ the mint to (NOT) pa$$ any savings along to the customers…other then S@H networks

jim December 9, 2015 at 9:30 pm

So they needed the alloy back in the day to make the coins last longer. Now that silver only goes into numismatic coins that need goes away. The firsts will be important for collectors and then interest in their uniqueness will wane.

Was there anything in the legislation about eliminating the penny??? Or the $1 bill???

Chuck December 9, 2015 at 11:26 pm

This will be a wonderful cut off to stop collecting modern silver coins. I have collected many coins from the history of America, starting with an 1807 half dollar up until the coins of 2015. I do not see any problem with modern silver coins other than they are low relief crap. I will just have to concentrate on older coins from the 19th and 20th centuries.
What is up with so many coins having $1 and $5 instead of spelling out ONE DOLLAR AND FIVE DOLLARS? I suppose that is for the folks that can not read English. I think it looks simple. Only the new commemorative HALF DOLLAR has the denomination spelled out. The half dollars of 1836 &1837 had 50 CENTS as their denomination. Might as well put that on the new half dollars as well or are they afraid that someone will think its worth 50 dollars?
Are you ready for this? Get rid of the penny and put Lincoln on a TWO DOLLAR or FIVE DOLLAR coin!!!

Seth Riesling December 10, 2015 at 12:20 am

Chuck –

The last part of your comments is a fantastic idea! (Get rid of the Lincoln cent & $1 Federal Reserve Note & replace with a new $2 or $5 coin with Lincoln’s portrait) I lived in Germany for 3 years in the late 1970s & they had a 5-Mark coin with a face value of about $2.50 U.S. dollars. It was a good thing as coins last about 30 years or more in circulation while the current $1 note only lasts a little over a year in circulation! It simply is insane for the Mint to continue to lose money on every cent (& 5-Cent coin too) it strikes because Congress will not change a broken system.


Munzen December 10, 2015 at 9:20 am

Chuck, Seth: I couldn’t agree more! I’ve been to the UK, Australia, Canada, and the EU where higher-denomination coins replaced bills years ago. At current rates a £2 coin is worth about US$3.25 and a €2 coin is $2.20. Despite what the naysayers in this country claim, those countries’ civilizations didn’t collapse when they switched.

The problem here is that Congress has to (or wants to) have veto power over nearly every aspect of our coins and paper money. That puts the Mint and BEP at the mercy of not just any and every group that shouts about “tradition” or “America is different”, but powerful lobbyists from the zinc industry and Crane Paper. For all the bleating about cutting government waste it’s a sad reality that Congress is far more willing to listen to pressure groups rather than taking any rational actions. At this rate I’m afraid that 50 years from now our grandchildren will be using the same outdated pennies and paper bills.

FWIW, while it might be desirable to eliminate the nickel at some future point that’s unlikely so long as we have quarters, which are an odd multiple of 5. Short of top-to-bottom coinage reform that would give us a true decimal system based on multiples of 10 (see: Flying Pigs) we’re stuck with the nickel. After all, our coins still have to remain compatible with Spanish milled dollars, right?

Vachon December 10, 2015 at 11:43 am

You can get rid of the nickels if you get rid of the dimes too. The US economy will not come to end if all business is transacted in quarter dollar increments. $20 bills are the “dollar” of our present-day economy so replace the $1, $2, $5, and $10 bills with coins. Keeps the cash registers (for coins anyway) with the same five coin set-up. Would also make coins spendable again and worth the effort of picking up. Maybe add back the $500 and $1000 bills to fill up the bill slots though I loathe the idea of a customer coming in to pay with one of those for a $12 order.

Of course we could always try the radical idea of (slowly) shrinking our money supply in order to restore the value of the coins and bills we already have, but as you’ve said…flying pigs 🙂

Seth Riesling December 10, 2015 at 11:13 pm

Munzen –

Your comments concisely & correctly sum up the entire debate about U.S. circulating coins & Federal Reserve Notes. Crane & Co. of Dalton, Massachusetts (a company town) has had a 100% monopoly on the 75% cotton/25% linen “paper” used to print all FRNs for longer than anyone can remember! As you have stated, our Congress is scared to death of changing anything in regards to our FRNs. Just look how long it took just to redesign all notes except the $1 & $2 notes used since Series 1928 ! And North Korea is counterfeiting those small denominations daily according to the Heritage Foundation & Obama’s own past National Security Advisor. I too lived overseas for 3 years in Japan & 3 years in Germany & noticed they had no problems with high denomination coins in circulation & very low rates of paper money counterfeiting. If the rest of the “civilized industrial nations” can get it right, then why can’t the most powerful & wealthiest country in world history do so!?
Thanks for sharing your comments Munzen.
Best Wishes.


jim December 11, 2015 at 1:41 pm

I think your answer is politics, politics, politics.

Munzen December 11, 2015 at 2:52 pm

Seth, Vachon, Jim: Your insights are very much appreciated. Maybe it’s a case of misery loving company, but I’m glad to see I’m not just a lone voice bemoaning our political dysfunction. If paralysis runs so deep that something as simple as coin and bill designs get knotted* up for decades, it’s no wonder big-ticket issues like infrastructure and energy can’t be addressed.

(*) I was going to use a different verb, but this is a family site!

Goose December 23, 2015 at 6:29 pm

I’ve only been ‘collecting’ (Hoarding) for over 60+ yrs. My main gripe is not silver versus copper/nickel coins or the excessive premium charged by the mint for their massive amounts of ‘Special’ coins, but that of coin designs. It seems that there are a multitude of “committees” that have to decide on design before the coin goes into production. True, the U S took a “Top Choice” for a coin for 2014 (Baseball), but Canada and Australia’s coin designer have always put the U S designers to shame and will continue to do so.

jim December 23, 2015 at 11:59 pm

They’re more interested in selling coins to collectors than the US MInt is. But then again they probably aren’t selling millions of 1 oz silver coins like the US Mint is either.

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