RARE 1986 ROCHESTER SILVER-GOLD MINE 1 TROY OUNCE .999 FINE SILVER A124-JM

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RARE 1986 ROCHESTER SILVER-GOLD MINE 1 TROY OUNCE .999 FINE SILVER A124-JM:
$29.00

1986 ROCHESTER SILVER-GOLD MINE 1 TROY OUNCE .999 FINE SILVER A124-JMSilver mining in the United StatesFrom Wikipedia, the free encyclopedia

Silver mining in the United Statesbegan on a major scale with the discovery of theComstock LodeinNevadain 1858. The industry suffered greatly from the demonetization ofsilverin 1873 by the Coinage Act of 1873, known pejoratively as the \"Crime of 73,\" but silver mining continues today.

United Statesmines produced 1,170 tons of silver in 2014, 17% of the silver it used. 63% of consumption was imported, fromMexico,Canada,PeruandChile, and the remainder was derived from recycling. Three US mines had silver as their primary product, and 39 mines reported silver as a byproduct of gold and base metals production. Alaska was the country’s leading silver-producing State, followed by Nevada and Idaho.[1]

Interest in silver mining increased in recent years because of an increased price for the metal: the average silver price increased from $4.39 per troy ounce for the year 2001, to $13.45 per troy ounce for 2007.[2]In 2011, silver prices rose to almost $49 per troy ounce in April before dropping to around $34 per troy ounce in late June. In March 2016, the silver price was around $15 per troy ounce.[3][4]

TheCoeur d’Alene(Silver Valley) district ofShoshone Countyin northern Idaho has produced moresilverthan any other mining district in the United States, and is historically one of the top three silver districts in the world in total silver produced. (It competes withPotosiinBoliviaandPachuca-Real del MonteinMexicofor the title of greatest silver district, each having produced more than a billion troy ounces of silver.) Through 2006, the Coeur d’Alene district has produced a total of more than 37,000 metric tons (1.2 billion ounces) of silver.[citation needed]

Twosilvermines are currently operating in the Coeur d’Alene district: theLucky Friday mine, the third largest in the USA, owned byHecla MiningCompany; and the Galena mine, owned byAmericas Silver Corporation. The Lucky Friday mine produced 3.0 million troy ounces of silver in 2015; the Galena mine produced approximately 1.54 million troy ounces of silver in 2015.[14][15][16]