Now that I have discovered I can get silver which has been manufactured in the United States, I am curious about where it is mined and the history of silver mining in the U.S.
Silver was first discovered in America in 1858 under the area now known as Virginia City, Nevada. This discovery became known as the Comstock Lode, named after Henry Comstock who claimed the mine was on/under his land. After the public learned of the discovery in 1859, prospectors rushed to the area to claim what they could find. As the area was mined, gold was also found, which drew even more people to the area. It is estimated that by 1882, over $300 million worth of metal was mined from this area.
In 1873, the United States government demonetized silver, meaning they took away its status as currency/money. By the late 1870s, silver mining in Nevada had greatly decreased. Silver mining did continue, but not at the rate it had been going.
Today, Nevada comes in second in silver production after Alaska. According to the United States Geological Survey (USGS), domestic silver was produced in 35 mines as of 2011 1. This is down one mine from 36 mines in 2006 2. The USGS states, “In 2011, the United Sates produced approximately 1,160 tons of silver with an estimated value at $1.27 billion.” In 2006, the U.S. produced approximately 1,100 tons of silver. In spite of this which appears to be an increase in silver production over the course of five years, I am finding reports that the overall production of U.S. silver production is actually decreasing.
There are several other silver producing states besides Alaska and Nevada. Idaho, Montana, and Utah also all produce large amounts of silver. Some other states where silver has been found are: Arizona, California, Colorado, Missouri, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Texas, Virginia, and Washington. Please note, silver is no longer mined in some of these locations.
Silver demand has increased over the past several years and now it is not only used in jewelry, coins, and silverware, but also in electronics, mirrors, solar cells, and many other applications. This increasing demand, in combination with some other factors, has sent the prices on a rapid incline. In 2001, silver prices were in the range of $4.00 (US) per ounce. Today they are almost $40.00 (US) per ounce. Luckily, silver recycling is quickly gaining popularity. As a jewelry designer, I am able to save my silver scrap and send it to one of my suppliers who will recycle it. This keeps the material costs down for me and ultimately for you.
As a side note, on a global level, Mexico is the world’s largest silver producing country. China and Australia have recently seen an increase in silver production.
Hopefully, this has been interesting for you. I definitely learned a few things. There is so much more I could write, but I don’t want to bore you, so I will leave you with photos of my latest creations.
These can be found on my Etsy site here:
I hope you have a wonderful weekend and I thank you for stopping by!