2016 ASE change and 90% change

[daviscfad]

So in 2016, the mint will be able to make silver coins with a content not to drop below 90% silver.. Also the new ASE will drop the receded edge and go for an inscription

http://www.coinworld.com/news/us-coins/ ... .all.html#

[cecropia_moth]

The way I read this is that the 2016 proof ASE and 2016 burnished unc (the collector version) will be the coins with the smooth edge and featuring some language designating the 30th anniversary. The bullion coins will still have the reeded edges. Got to believe there will be some type of packaged set for the 30th, similar to those produced in 2006, 2011, 2012 and 2013.

I also believe this officially paves the way for a palladium bullion coin in 2016.

Jeff

[68Camaro]

That's a bit weird in the way it's worded, so I suspect there must be some thought that there is another 90+ silver composition that is either cheaper or easier to obtain as a feedstock. Maybe sterling. Or maybe the .999 bullion silver is easier to get than a special alloy that isn't used for anything else (they can price in the difference into the product without even seeing it). Or maybe they are contemplating some less pure bullion derivative alloy (.99, etc) that takes advantage of scrap. It's a shame really. The 90/10 has such a long history and changing it now mucks up the standard.

[Cu Penny Hoarder]

They're smart to do something different with ASE's. The newer Canadian Maple Leaf design makes ASE's look bad.

[pennypicker]

They're smart to do something different with ASE's. The newer Canadian Maple Leaf design makes ASE's look bad.

Australia has taken a page from the Royal Canadian Mint and is now adding security features to its inaugural 2016 Kangaroo bullion silver dollar such as a micro engraved "A" in the lower left leg of the A in Australia. So small in fact that you can only see it with a magnifying glass: