Homepage / Bullion Refiners: Sunshine Minting
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Sunshine Minting, Inc. (SMI) was founded in 1979, it has grown from a humble beginning, into one of the world's leading manufacturers for products for the minting industry.
The company is headquartered in Nevada, and has other facilities in Idaho,
Rhode Island, and China.
Sunshine Minting (SMI) is one of the primary suppliers of precious metals blanks to the United States Mint. In addition, Sunshine Minting supplies blanks, rounds, and bars to international government mints as well as many other global financial institutions.
The history of Sunshine Minting, Inc (SMI) isn't cut and dry, it has grown from a small business into the largest multi-facility global supplier of silver, and through it all having a fascinating exchange of owners.
Sunshine Minting Inc, was not founded under that name. In 1979, the company started business under the name TENTEX in Chino, California.
The company was founded by a married couple, and the name is a combination of their home-states (Tennessee & Texas).
Between 1979 thru 1984, TENTEX refined and minted silver bullion bars in many different sizes and 1oz. silver rounds. The company's "kit-kat" shaped silver bullion bars were some of the first manufactured in the industry and artistically designed silver rounds received many industry acclaims and attracted corporate customers.
Their mint mark was a "T inside a Square" and all their rounds and bars were minted in 999+ Fine Silver.
In 1983, a mining company out of Kellogg, Idaho, called Sunshine Mining, bought TENTEX.
The mining company merged TENTEX into its existing minting business called the Sunshine Bullion Company, closed its facilities in Chino, California, and moved it to Coeur d’Alene, Idaho, a city 40 miles west of Kellogg, ID.
Before Sunshine Mining bought TENTEX they introduced the popular and widely held Sunshine Silver Eagle Rounds.
Also before the merger, the Sunshine Mining/Sunshine Bullion Company introduced a line of Sunshine Silver bullion bars made in several different sizes with the Silver Eagle Round on the face of the bars.
After the merger, Sunshine Bullion Company increased the minting business's clientele and expanded their product lines. The Sunshine Silver bullion bars like the rounds became increasingly popular among collectors and investors.
Then in 1994, the company changed hands again.
Information is very hard to find, although from what's been found, around 1994, Sunshine Mining sold its minting business Sunshine Bullion Company back to the husband and wife that founded TENTEX.
The new owners of the Sunshine Bullion Company changed the name of the company again and to the name we know today, Sunshine Minting, Inc. (SMI).
Over the next three years, the married couple had their ups and downs with running the business they loved; Sunshine Minting, Inc
In 1992, after NAFTA was signed into law, the United States Federal Government awarded Johnson Matthey Ltd., Canada a contract to produce blanks to the U.S. Mint for all their precious metal coin programs.
Then, in 1996, Johnson Matthey, Inc. made a strategic decision to exit the silver and gold blank fabrication business.
However they couldn't leave the contract with the United States Government unless they found an adequate minting company that could fulfill the contract for them with the same expertise.
Johnson Matthey Limited, Canada, contacted Sunshine Minting, Inc. about taking over their contract and in Spring of 1997, Johnson Matthey sent Tom Power, an operations manager, and other company representatives to Coeur d’Alene, Idaho to meet the owners of Sunshine Minting.
Tom Power stated the following in this interview about what he saw at Sunshine Minting, Inc. after first meeting them; "loved what I saw, not just from the environment but the company was a great ... little company struggling to do the right thing I just felt...a great sense of involvement from the employees and the owner was looking for some ... real management strength that he didn't have in the company."" - Tom Power (CEO of Sunshine Minting, Inc., 2007 - Present)
By the end of 1997, Tom left Johnson Matthey, and joined Sunshine Minting, Inc. in Coeur d’Alene, Idaho as a key member of their senior management team.
Sadly, shortly after Tom moved to Idaho and started his new job, the owner of Sunshine Minting, Inc. was diagnosed with an inoperable brain cancer and passed away six months later, which propelled Tom to become the lead manager of Sunshine Minting, Inc.
In January of 2007, Tom Power acquired 100% ownership of Sunshine Minting, Inc., and assumed the role of its President and CEO.
Over his tenure, Tom has increased Sunshine Minting, Inc's business from a small national supplier of precious metal products to the worlds largest private supplier of silver and gold products in the minting industry.
As of 2023, Sunshine Minting Inc, (SMI) mints and ships over 6 million ounces of silver a month to its customers, in addition to the other precious metals it mints.
In this interview with Tom Power, he agrees with the interviewer that approximately 20% to 30% of silver in the investment market goes through the Sunshine Minting facilities before the retail customer purchases the end product.
Sunshine Minting's headquarters is in Henderson, Nevada, and it still has its facilities in Coeur d'Alene, Idaho, and it has other minting facilities in North Providence, Rhode Island, and Shanghai, China.
Today, Tom is continues to expand the Sunshine Minting, Inc. with his wife Patricia, and their experienced staff as they make new innovations while serving many of the world’s largest sovereign
Mints and financial institutions.
Sunshine Minting, Inc. is a leading minting industry leader, utilizing advanced technologies such as software, engraving, tooling, and die finishing.
Sunshine Minting Technologies:
Sunshine Minting guarantees the purity of its products by using Optical Emission Spectrometry in the assaying process of precious metals; their facilities are capable of minting large volumes of high-quality bullion blanks, rounds, and bars.
Sunshine Minting manufactures products to the highest industry standards in brilliant un-circulated, proof-like, and proof quality bullion.
Since 2018, the Sunshine Mint has been placing the 'Mint Mark SI™' on all of their bullion products, the mint-mark is an micro-engraved scrambled security mark that is only visible with the Mint Mark SI™ decoding lens placed over it.
Depending on whether the lens is held vertically or horizontally over the "Mint Mark SI™ security feature, will determine what you will see
When the decoder lens is placed horizontally over the security feature, you will see the word "VALID" in the lens (right), and when the decoder lens is placed vertically over the security feature, a "Sunshine" design appears under the lens.
Whether the bullion item is a round or a bar, on the reverse side of the bullion product you will find a circular area located in the middle of the item with the Mint Mark SI™ label.
Bullion Products
Sunshine Minting bullion products come in both rounds and bars made of silver and gold.
The purity of their gold and silver bullion ranges from 999 to 999.9, depending on the customer's manufacturing requirements.
They offer silver rounds in sizes from 1 troy oz. to 10 troy oz., and silver bars from 1 troy oz. to 100 oz.
Their gold rounds range from a 10th of a troy oz. in size (.10), up to 1 troy oz. in size.
The Sunshine Mint's gold bars range in size from 1gram in size, to a 10 troy oz. gold bullion bar.
The purity of the mint's gold bullion, depends on the customers requirements.
Source: Sunshine Mint
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