Whether you’ve been buying precious metals for years or are just getting started, choosing a good mint is just as important as deciding which product to buy. The Republic Metals Corporation (RMC) may be a new company, but they’re gaining momentum. So, if you haven’t decided where to go to find your next investment, gift, or collectible, take a moment to learn a bit about the RMC.
The Republic Metals Corporation is a relatively new refinery and minting company, founded in Miami, Florida, in 1980. Since then, they’ve grown quickly to be one of the largest full-service primary precious metals refineries in the country. The RMC has a modern 150,000 square-foot refinery, with the capacity of 20 metric tons of silver and gold. RMC has also won several awards and honors, including the London Bullion Market Association’s good delivery list for gold.
As a new refinery and mint, the RMC embraces the changes over the years, a good business tactic in an increasingly competitive market. The RMC focuses on green refining technology and is able to quote some of the best refining terms in the industry, subsequently resulting in quality bullion products. The RMC is not to be confused with the RCM (Royal Canadian Mint) who is the national mint of Canada.
The RMC may be a fast-growing manufacturer of gold, silver, palladium, and platinum; however, they didn’t start out that way. With the startup funds of only $2,500, the RMC began with lab equipment, a furnace, and glassware. They started small — refining 50 to 100 ounces at one time, but now are able to increase that original yield exponentially. The RMC mainly sold jewelry, dental, and electronics industries’ leftover scraps then, but now the RMC’s customers can sell their unwanted goods to be melted down and refined, which eventually become one of RMC’s quality products.
As the RMC grew and developed, it focused on finding larger amounts of higher quality material to melt down. In 1990, a mere 10 years after the company was established, the RMC opened a 40,000 square-foot facility in Miami, Florida. The company still continued to grow, leading to the eventual move to the 150,000 square-foot facility and secondary facilities in Los Angeles and New York City, in the hearts of their respective jewelry districts. All materials melted down and processed at these facilities are shipped overnight to Miami for refining.
The secondary locations serve as distribution centers and allow the RMC’s reach to extend farther across the United States, furthering its reputation for reliability in the bullion investment industry. After another boom of growth, the RMC expanded once again in 2006, investing in South American mining and opening a distribution center in 2011 in Toronto, Canada.
The RMC accepts a variety of material for refining, including jewelry scrap, gold leaf, coins, and manufacturing scrap. The RMC focuses its research and development on finding ways to produce a quality product quickly, safely, and in an environmentally friendly way. The environmentally sound procedures used in refining leave little to no emissions, and the use of chemicals and scrubbing is minimized.
RMC’s approach cuts out dangerous and wasteful pretreatment processes, therefore protecting its employees and the environment. The refining process is well-researched and is less time-consuming than traditional refining — while still maintaining strict standards — allowing for customers to not only be paid more, but be paid more, faster.
After the customers are paid, what does the refined material become? This mint prides itself on producing high-quality, reliable ingots, bars, and rounds in silver, gold, platinum, and palladium. The company turns out bullion products with high purity and at a low cost to the investor. Their precious metal bullion is available in sizes from 1 oz to 100 oz, with their most popular items being silver bars. The RMC Silver Bar is made in sizes of 1 oz, 10 oz and 100 oz.
As a relatively new mint, you may not expect the bullion to have many security measures or for the mint to take many security precautions. But here’s another place where the RMC comes through. The RMC performs an x-ray analysis on all received materials, followed by a more comprehensive assay. The RMC is careful to only use the best products from the beginning, to make the most reliable, quality bullion products.
During production, all bullion products are stamped with the mint name, the weight, and the purity of the metal. In addition, most products are serialized, and the purchaser receives the product serial number along with the product. However, this varies from product to product, so be sure to read the item’s specifications before making a purchase.
For such a young company, the RMC has come a long way in making a strong name for itself. As the winner of awards for product quality, it seems that even though the company is young, it has many satisfied customers. Precious metal investors want to buy from a company that they can trust — what better than a company that abides by such high industry standards.
The RMC is also growing quickly and steadily, another sign of a healthy business operation. The RMC needed to expand their building space twice in the 20 years of operation, coupled with them opening secondary locations across North America that are doing well. The RMC knows what it’s doing when it comes to producing quality bullion for your investment.
So, what are you waiting for? Whether this is your first time buying, or you’re looking to try out a new mint, the RMC makes products for nearly every price point — from under $50 to over $2000. Be sure to browse all of your options at Silver.com.