Call Now

Skip to Main Content »

      Norton
0 items$0.00
Hello Guest!
Current Spot Prices:
Gold
Silver
Platinum
Palladium

History of Silver

12/13/10 11:32 AM

Humans have been fascinated with Silver since recorded history began.  In ancient Greece, Silver was associated with Isis, the goddess of motherhood and fertility.  In the west, several pre-Columbian tribes buried their dignitaries in Silver to usher them into the next world. Silver appears as a symbol of strength and beauty in everything from Roman mythology to the ancient Hebrew Scriptures.  Like Gold, Silver was first used in ceremonial pieces and jewelry.  Starting in 700 BC, records show that a merchant from Mesopotamia - now modern day Iraq - traveled over a treacherous mountain path to trade his textiles for Gold and Silver.

Unlike Gold, Silver is often found in large deposits.  Mining Silver has been a lucrative enterprise for thousands of years, dating back as far as 500 BC.  From 500 to 100 BC, historians say there were 350 mines producing 1,000 "talents" of Silver a year.  In today's measurements, that would be equal to fifty-seven pounds each year, from each mine.  And that was just in the known world.  Findings show that many tribes in the Americas yearned for Silver as well.  In the 16th century, massive deposits of Silver were discovered in Mexico, Bolivia and Peru.  These abundant mines made the New World the largest Silver-producing area, fueling the rush for Europeans to explore and exploit this potential wealth.

Read More

Tags:

Posted in History of Metals By Mint State Gold

History of Gold

12/13/10 11:20 AM

Since ancient times, no other substance on earth has been so desired, fought over, revered or mythologized as Gold. Gold has long been equated with power and beauty in virtually every culture. Gold has been written about in the biblical Book of Genesis and by Greek sage and poet Homer who warned of its allure. It is, perhaps, the only metal universally accepted as a form of wealth, long before the first coins were ever minted. 

Mythological tales have been passed down from generation to generation surrounding Gold. Greedy King Midas was cursed with the Golden Touch and everything he touched was turned to Gold, including his beloved daughter. Jason and the Argonauts searched for the fabled Golden Fleece against Herculean odds, a mythological tale rooted in reality. Ancient miners used a sheep’s fleece as a type of sieve to capture the tiny, but heavy, flakes of Gold found in water. After the fleece dried, it was gently shaken and the Gold flakes were collected. This method was even practiced by some miners in the California Gold Rush of 1849.

Read More
Posted in History of Metals By Mint State Gold

Platinum

11/1/10 8:12 AM

To gain an understanding of how rare Platinum is, consider this… all the Platinum ever mined could fit in the living room of an average sized home! It’s also scarce. While Gold is relatively abundant in many parts of the world, large Platinum deposits have only been found in two places; South Africa and the Ural Mountains of Russia. 10 tons of ore must be removed from the earth and painstakingly processed to yield a single ounce of this precious metal.  It has been sought after by everyone from the ancient Egyptians to Louie the 16th, who proclaimed it, “the only metal fit for royalty”. It’s the ideal metal for jewelry because Platinum is so hard; many claim it never wears down. Because of these qualities, it’s no wonder Platinum is often referred to as “The Rich Man’s Gold”. And many industries have found this precious metal beneficial as well.

Besides jewelry, Platinum can be found in laboratory equipment, electrical contacts, electrodes, thermometers and dentistry equipment.  Over one-third of all Platinum mined and processed each year is used in catalytic converters for automobiles. The increased automobile emission standards around the world now require auto manufacturers to use more and more Platinum in catalytic converters. Watchmakers appreciate the unique properties of Platinum because it neither tarnishes nor wears out.  Rolex, Breitling, and other famed watch companies use Platinum for producing their limited edition watch series. Some compounds, found only in Platinum, are even used in chemotherapy for cancer patients.

Read More
Posted in History of Metals By Mint State Gold

Palladium

11/1/10 8:01 AM

Palladium has a unique history. It is one of the only precious metals not initially used in jewelry… but medicine.  Discovered in 1803 by British chemist and metallurgist, William Hyde Wollaston, who named Palladium after the asteroid Pallas that had been discovered two years earlier. Wollaston mixed Palladium with other chemical compounds and used it as a treatment for tuberculosis.  It did have some negative side effects and was later replaced.  But since it’s a sister metal to Platinum, manufactures quickly found use for it beyond medicine.

Palladium is now used in computers, mobile phones, LCD televisions, surgical instruments, aircraft spark plugs, chemicals, dentistry and electrical contacts. Palladium is very similar to Platinum in appearance and industrial uses. The main difference between the two is price – Palladium is less expensive due to lower demand. Palladium does not tarnish or deteriorate with exposure to air, so automotive companies around the globe have used this precious metal in catalytic convertors.

Read More
Posted in History of Metals By Mint State Gold
 

Investor Resources

Visit the Investor Education Center >

Date
Dec 2002
Dec 2003
Dec 2004
Dec 2005
Spot Price
$348.10
$415.70
$437.50
517.10
Increase
+25.90%
+19.42%
+5.24%
+18.19%
Date
Dec 2006
Dec 2007
Dec 2008
Dec 2009
Spot Price
$638.00
$833.20
$878.30
$1096.50
Increase
+23.38%
+30.60%
+5.41%
+24.84%
Date
Dec 2002
Dec 2003
Dec 2004
Dec 2005
Spot Price
$4.80
$5.95
$6.81
$8.82
Increase
 
+23.96%
+14.45%
+29.51%
Date
Dec 2006
Dec 2007
Dec 2008
Dec 2009
Spot Price
$12.93
$14.77
$11.32
$16.48
Increase
+46.60%
+14.23%
-23.36%
+48.85%
Date
Dec 1998
Dec 2000
Dec 2002
Spot Price
$345.12
$598.47
$606.89
Increase
 
+73.4%
+1.4%
Date
Dec 2004
Dec 2006
Dec 2008
Spot Price
$884.49
$1104.53
$902.24
Increase
+45.7%
+24.9%
-18.4%
Close Investor Dashboard