Silver Bullion Coins, Rounds and Bars in Utah
OR Dial: 1-801-857-5529
Silver Bullion, Coins, Rounds and Bars in Utah can be bought and sold through Drockton Bullion and Coin. Also known as “Utah’s Most Respected Silver Bullion Dealer.”
We Buy and Sell a variety of .999 pure silver bullion products throughout Utah. Included are Silver American Eagles, Silver Krugerrands and .999 Silver one ounce bars and buffalo rounds.
Also, we sell .9999 pure bullion coins like the Silver Canadian Maples, Austrian Philharmonics, British Britannias, and Australia Kangaroos.
And our .999 silver bars are Comex approved. Also, you can buy IRA approved silver bars and rounds from us. These include .999 Silver one ounce bars and rounds, 10 oz .999 pure silver bars and 100 oz .999 pure silver bars.
Drockton Bulliion only sells the highest quality silver bullion. And, at the lowest cost. With FREE Shipping in the Continental USA.
90% Silver US Coins and Junk Silver
90% US Silver Coins and Junk Silver were minted prior to 1965. These include Morgan and Peace Silver Dollars, Silver Kennedy and Franklin half dollars, silver Washington quarters and Roosevelt or Mercury Silver Dimes.
Silver halves, quarters and dimes are also called junk silver because they have no numismatic or collector value. Silver US coins are also referred to as Constitutional Silver.
Or Dial: 1-801-857-5529
Government Silver Bullion Coins in Utah (Click for Live Buy/Sell Pricing)
Privately Minted .999 Pure Silver Rounds and Bars in Utah
US Pre-1965 Silver Coins in Utah (Click for Live Buy/Sell Pricing)
History of Silver Bullion Bars, Coins and Rounds in the US
The use of silver as currency in the United States dates back to colonial times, when the Spanish dollar (also known as the “piece of eight”) was widely used as a medium of exchange. These coins contained silver and were valued at eight reales, hence the name “piece of eight.”
During the early years of the United States, silver coins were minted by the federal government, starting with the establishment of the U.S. Mint in 1792. The first silver coins minted were the half dime, dime, quarter, and half dollar. These coins were made of 90% silver and 10% copper, and were commonly used in everyday transactions.
In the late 19th century, silver dollars were also minted, including the Morgan dollar and the Peace dollar. These coins were used primarily for large transactions and were often hoarded by collectors.
During World War II, the government stopped minting silver coins due to a shortage of the metal. In 1965, the Coinage Act was passed, which authorized the minting of silver-clad coins (containing 40% silver) as a temporary measure. In 1971, the United States officially ended the use of silver in its coinage and began minting coins made of copper and nickel.
Today, silver coins, bars, and rounds are primarily used as a form of investment or for collectors. Private mints produce a variety of silver rounds and bars in different weights and designs, which are often purchased as a hedge against inflation or as a way to diversify investment portfolios.
History of Silver Mining in Utah
Silver mining played an important role in the development of Utah’s economy and society in the late 19th and early 20th centuries. Also, Utah silver mining dates back to the mid-1800s. It was then that silver was discovered in the mountains of eastern Utah. Where it was located near the town of Park City.
The first major silver rush in Utah occurred in 1869. Then, a group of prospectors discovered rich silver deposits in the mountains near Park City. The town of Park City quickly grew into a bustling mining town, And thousands of miners and prospectors flocked to the area to try their luck. By the 1880s, Park City was one of the largest silver-mining towns in the world. In fact, producing millions of dollars worth of silver every year.
Several other areas in Utah were also known for their silver mines. The Tintic Mining District, located in central Utah, was another important silver-mining region in the late 19th century.
The town of Eureka, located in the Tintic District, was once home to more than 10,000 people. Resulting in making it one of the largest cities in the state of Utah.
Silver mining in Utah continued to be an important industry well into the 20th century. However, by the mid-1900s, the demand for silver had declined. And, many of the mines in Utah were no longer profitable. Today, silver mining in Utah is a much smaller industry. But, there are still a few active mines in the state.