Silver Pros Unveils President Grant Commander Series Coin
In an exclusive reveal during Silver Pros Season 7 Episode 4, hosts Silver Dragon and Yankee Stacking welcomed Josh Phair, CEO of Scottdale Mint, and Chase Turner, CEO of SD Bullion, to unveil the fifth release in their Commander coin series: President Ulysses S. Grant.
The Grant Commander Coin Reveal
The highly anticipated reveal showcased the 18th U.S. President on a beautifully designed coin featuring Grant’s iconic profile with his distinctive hat. The reverse maintains the consistent design of the Commander series.
“We sit back and look at who are some of the top commanders,” explained Phair. “Grant obviously turned the course of U.S. history… he was known for clarity, decisiveness… he was not into the theater like some commanders, he just plowed ahead relentlessly with an end goal.”
Product Details
The Grant coin follows the same mintage numbers as previous Commander releases:
- 2,000 for the 10-ounce silver
- 500 for the 1-ounce gold
- 4,999 for the 5-ounce silver
Chase Turner announced that the coin would be available exclusively to livestream viewers until Monday through a special URL: SDBullion.com/Grant.
Quality and Collectability
Josh Phair highlighted the exceptional quality of the coins, noting impressive grading statistics:
- 88% of the 5-ounce silver coins submitted for grading received MS70 perfect scores
- 80% of the tenth-ounce gold coins achieved the same perfect grade
“On the graded coins… MS70 perfect 70s available as well of Grant… on the 5-ounce silver that we sent to grade, 88% of them came back as 70s. That’s insane, almost nine out of ten,” Phair noted.
The Commemorative Poster
Each Commander coin comes with an optional commemorative poster featuring historical elements specific to Grant, including:
- The Siege of Vicksburg, Mississippi (Grant’s biggest battle)
- His ceremonial sword created at great expense
- The “surrender tree” where the Vicksburg surrender was negotiated
- Grant’s horse Cincinnati, “the finest horse in all the Union Army”
Market Insights on Gold and Silver
The conversation shifted to current precious metals markets, with both executives sharing insights on gold approaching $3,000 and silver breaking through $33, reaching $34 at one point.
“Silver just broke out of a five-year downtrend versus the S&P 500, huge for the bull case,” Phair noted, suggesting this could be the beginning of something significant.
When asked about buying silver at current “high” prices, Phair responded: “The retail market’s been fairly quiet for about a year and a half, but yet gold is going up. It’s hitting all-time highs, so who’s buying it? It’s not consumers, it’s the central banks, it’s the governments and they are loading up.”
Chase Turner added: “When you look at silver, it’s touched $50 twice. I see gold setting all-time highs, up and to the right, and I’m still looking at silver going, ‘We haven’t even gotten started.'”
Supply Chain Challenges
Josh Phair provided valuable insights on current supply challenges: “Mexico’s Peñoles supplies roughly 50% of the United States’ silver needs. Everyone right now is clamoring for material and it is tough,” he explained. “The last three months, the extra premium on raw material over the average has been from 4 cents to $1.15 over the normal price.”
Both experts suggested these supply constraints could lead to higher premiums in the near future, potentially making physical silver significantly more expensive regardless of spot price movements.