The Franklin mint silver coin is one of the most popular coin-like collectibles produced by the Middletown Pennsylvania based company. Franklin mint operates as a private corporation which was founded back in 1960s.
The man behind the formation of the private corporation was Joseph Segal. Generally Franklin Mint productions have been considered in the past to be the select item for lower income classes. This is the perception held by the majority of Americans.
Initially the company promoted its private minted gold and silver guineas and memorial medals. Then with the passage of time, they branched out into the production of other collectibles.
The sudden increase in the value of silver in the 1960s caused silver coins to fall out of domestic circulation in that decade. An interesting fact of the times is that some casinos were using silver coins in slot machines which obviously became worth more than the silver dollar!
To its credit the Franklin mint silver coin became the first certified replacement of the US silver dollar coin to be used as slot machine tokens.
The Franklin Mint factory was a massive production facility with the facility to produce numerous sets of coins, ingots and theme based medallions. These were sold on the subscription plan where buyers would order a periodic shipment of the various
Even though the Franklin mint silver coins were the best sellers of the range, silver was not the only metal used to create the collectibles and the company ventured into producing coin like collectibles from various semiprecious and precious metals.
The company made use of various themes on its coin like collectibles. From popular art masterpiece themes to important personalities you could find a plethora of different designs of Franklin mint coins.
These moderately priced coins caused a collectors flurry in purchase as they were priced competitively in terms of the cost of silver.
To increase the purchase price and get a better profit the Franklin mint company created unique wooden boxes to showcase the coins in a better way and make them more appealing. Special certificates authentication are also issued with each piece thereby enhancing the value of the purchase.
These features further enhanced the sale price and the value of the Franklin Mint coins. However, when the company introduced these features to increase the purchase price, the cost of the metal silver started to increase in the global and domestic market.
The company then had to make use of pewter and bronze to make their products more affordable for the masses. But naturally pewter and bronze did not have the same appeal on the collectors as did silver and hence the new line of collectibles did not become as popular as Franklin Mint silver coins.