In mid-December, the Local Silver Mint released its latest game-changing product. For the past few years, the Weare-based business has offered a number of unique gold and metal products at the most competitive prices. In 2022, the mint began manufacturing small silver bits that contained 1/10th of an ounce of silver. The first iterations were sterling (92.5%) silver, and the newest were pure (99.9%) silver. They were small and rectangular, and excellent for small-time bartering. The silver pieces have been picked up by major bullion retailers including JM Bullion, SD Bullion, Money Metals, and others. The shop is located at 33 North Stark Hwy in Weare, New Hampshire and is open for business 10-3 every day besides Sunday and Wednesday.
This week, the owner of the business and its mint unveiled its latest creation: a 1/10th ounce pure silver round!
The owner of the shop, who is known as ‘Silver Dave’ told The Liberty Block that he is very excited about the new shape. “It’s beautiful, useful, perfect for bartering, and it’s better than pre-1965 90% silver dimes because it says right on it that it’s a tenth ounce of pure silver,” Dave told TLB, adding that “It may be the lowest premium (cost over silver price) fractional silver in the world.” Indeed, the roughly $3.30 per item does appear to be less expensive than any other 1/10th Troy ounce silver product on the market. The large online sellers have already placed large purchase orders for the small rounds, according to Silver Dave.
The small round pieces are pure silver, meaning that they contain at least 99.9% of the precious metal (.999). Dave goes the extra mile to ensure purity, generally aiming for 99.99% fine silver (“four nines fine”) with his in-house minted products. Around half of what he sells at the shop is minted by governments and other large businesses such as APMEX and Pamp Suisse.
The Local Silver Mint’s manufacturing facility is also located in southern New Hampshire and is operated by Dave and other around five local porcupines (the colloquial term for libertarians). The small rounds are around the diameter of a dime, but substantially thicker. The design only appears on one side, which Dave says helps keep costs down for the customers. The design is simple but elegant. All it says is “Local Silver Mint”, “.999”, and “1/10th OZT” The top of the design also features a small pine tree, which Dave tells The Liberty Block represents the ‘Pine Tree Riot’, one of the first acts of defiance against the British government. New Hampshire residents are proud of the 1772 event which took place in Weare, New Hampshire.
Local Silver Mint is a sponsor of The Liberty Block. This article does not necessarily reflect the opinions of The Liberty Block or any of its members. We welcome all forms of serious feedback and debate.