What Sunshine Minting, Inc. does

Sunshine Minting, Inc. (SMI) is a privately held precious metals minting manufacturer founded in 1979, operating as a fully integrated platform spanning refining, blank production, minting, finishing, and distribution. The company produces silver and gold bullion bars and rounds (1 gram to 500+ ounces for silver, up to 1 kilogram for gold), precious metal blanks supplied to the United States Mint and other sovereign mints, legal tender and commemorative coins, and custom-minted products for governments, financial institutions, corporations, and marketing groups. Its proprietary MintMark SI scrambled-indicia anti-counterfeit technology is exclusive to SMI-branded bullion, and the company offers advanced finishing capabilities including 3D-effect laser, colorizing, gold plating, antiquing, serial numbering, and irregular-shape minting. SMI holds ISO 9001:2015 certification and operates manufacturing facilities in Henderson, Nevada (a 142,000 sq. ft. flagship), Coeur d'Alene/Hayden, Idaho (Liberty Refining), Providence, Rhode Island (Annex Plating), and Shanghai, China (via a joint venture with Shanghai JinYuan Culture Development). SMI's customer base spans sovereign mints, bullion dealers, financial institutions, and corporations across North America, South America, Asia, and Europe.

The company generates revenue through four primary streams: (1) bullion bars and rounds sold exclusively through preferred distributors including A-Mark/Gold.com and JM Bullion; (2) precious metal blanks supplied to sovereign mints; (3) custom minting services for commemoratives, legal tender, tokens, medallions, and collectibles; and (4) ultra-high-purity refining services (99.99% silver, 99.999% gold) through its Liberty Refining subsidiary. Pricing is not publicly disclosed; SMI operates a B2B-only distribution model with no direct-to-consumer pricing. Since December 2020, A-Mark (rebranded Gold.com, NYSE: GOLD) executed a phased acquisition of SMI — 31.1% in December 2020, 44.9% in May 2021, and the remaining 55.1% for $1.18 billion in April 2026 — making SMI a wholly-owned subsidiary within one of North America's largest vertically integrated minting platforms alongside Silver Towne Mint, with combined production capacity exceeding 3 million ounces of finished precious metals per week. Following the closing, founder Tom Power transitioned to Special Advisor and Jamie Meadows became CEO of the combined Minting & Refining Division.

Name

Sunshine Minting, Inc.

Legal name

Sunshine Minting, Inc.

Website

https://sunshinemint.com

Company type

Private

Founded year

1979

Operating status

Acquired

Headcount range

101–250 employees

Short description

Sunshine Minting is a precious metals minting platform producing bullion bars and rounds, blanks for sovereign mints including the US Mint, custom commemoratives, and ultra-high-purity refining. Serves governments, financial institutions, and corporations globally. Wholly-owned by Gold.com since April 2026.

Ownership category

akta.pro rank

Product category

Precious Metals Minting

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Jewelry and Silverware Manufacturing (33991), Electroplating, Plating, Polishing, Anodizing, and Coloring (332813), Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Jewelry, Silverware & Plated Ware (3910), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Precious Metals Minting & Bullion Products (IMAKAEAJ)

akta.pro secondary industries

Precious Metals Smelting & Refining (IMAKAEAE), Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

Keywords

• Precious metals minting
• Bullion manufacturing
• Custom coin minting
• Precious metal refining
• Mint blanks supply

Headquarters

HQ city

Coeur D'alene

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Bullion Products Manufacturing: SMI manufactures and sells gold and silver bullion bars and rounds ranging from 1 gram to 500+ ounces. Products are sold exclusively through a network of preferred distributors including A-Mark and JM Bullion.
2. Precious Metal Blanks: Manufacturing and supplying fine silver, gold, and platinum blanks to sovereign mints including the United States Mint and other government mints worldwide.
3. Custom Minting Services: Custom minting services for commemoratives, legal tenders, tokens, medallions, and collectibles for governments, corporations, and private groups. Includes art and design, packaging, and various finishing technologies.
4. Refining Services: Through Liberty Refining, provides ultra-high purity refining services with silver up to 99.99% purity and gold up to 99.999% purity.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Sunshine Minting manufactures and supplies precious metal bullion bars and rounds (silver 1 gram to 500+ ounces; gold 1 gram to 1 kilogram), blanks, and legal tender coins for sovereign mints and financial institutions, and provides custom minting services for commemoratives, tokens, medallions, and collectibles. Through its Liberty Refining subsidiary it delivers ultra-high purity refining (silver up to 99.99%, gold up to 99.999%), and via Annex Plating it offers electroplating and specialty finishing. All SMI branded bullion products carry the proprietary MintMark SI scrambled-indicia anti-counterfeit micro-engraving.

Product overview

Sunshine Minting, Inc. is a full-service precious metals minting platform offering a vertically integrated portfolio of manufacturing, refining, and customization services. The core offering includes production of bullion bars and rounds (silver and gold), blanks, legal tender coins, and custom minting for commemoratives and collectibles. Key capabilities include proprietary MintMark SI anti-counterfeit technology, advanced surface finishes (laser, plating, antiquing, colorizing), and art/design services. The company operates manufacturing facilities in Nevada, Idaho, Rhode Island, and Shanghai, China. Subsidiaries include Liberty Refining (refining services) and Annex Plating (electroplating/finishing). As of April 2026, SMI became a fully owned subsidiary of Gold.com alongside Silver Towne Mint, creating one of North America's largest minting networks with combined capacity exceeding 3 million ounces weekly.

Differentiator

Problem solved

Functional benefit

Products and services

• Bullion Bars and Rounds Gold and silver bullion bars and rounds (silver 1 gram to 500+ ounces; gold 1 gram to 1 kilogram) guaranteed for weight and purity, featuring exclusive MintMark SI anti-counterfeit micro-engraving, sold through preferred distributors including A-Mark (Gold.com) and JM Bullion for financial institutions, bullion dealers, and ultimately investor end-buyers.
• Precious Metal Blanks Fine silver, gold, and platinum blanks manufactured for sovereign government mints including the United States Mint and other national mints worldwide, serving as the primary supplier of precious metal blanks struck by the U.S. Mint to create bullion.
• Legal Tender Coins Legal tender bullion and commemorative coins manufactured for sovereign governments worldwide, meeting stringent government specifications for legal tender production.
• Custom Minting Services Custom minting services for commemoratives, collectibles, tokens, medallions, and specialty products for governments, corporations, marketing companies, and private groups, including capabilities for 3D effect laser, antiquing, colorizing, gold plating, irregular shapes, laser finishes, serial numbering, and micro printing.
• Art and Design Services In-house team of artists and designers using the latest design and 3D digital modeling software to develop concepts and transform customer ideas into precise artwork for custom minting programs.
• Liberty Refining Services Ultra-high purity precious metals refining services at the Hayden, Idaho facility, delivering silver up to 99.99% purity and gold up to 99.999% purity for SMI and external customers requiring bullion-grade refining outturns.
• Annex Plating Services Electroplating and specialty finishing services at the Providence, Rhode Island facility, including base metal blank plating and full-service minting and specialty finishing for SMI and external customers.
• America250 Commemorative Products Commemorative collectibles and precious metal bullion products celebrating America's 250th anniversary (Semiquincentennial), including .999 fine silver 1 oz rounds and ingots with colorized America250 logo, .999 fine silver 25g and 250g American Bison pieces, and accessible base metal products, distributed through authorized dealers and online sales.

Quantifiable outcome

• Production capacity of more than 3 million ounces of finished precious metals products per week
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• America250flagshipStrategic or Co-development Partner · 7 October 2025Official partnership with America250 to create commemorative products celebrating the nation's 250th anniversary in 2026. SMI, alongside the U.S. Mint, will produce a wide range of products including silver rounds, ingots, American Bison designs, and bullion products.
• Liberty RefiningcoreStrategic or Co-development Partner · 1 September 2023SMI acquired Liberty Refining in 2023, which has been SMI's primary refining services partner since 2007. Located in Hayden, ID, Liberty provides ultra-high purity refining with silver up to 99.99% and gold up to 99.999% purity. Rick Hurt, Liberty founder, joined SMI as Director of Refining Services.
• Annex Plating, LLCcoreStrategic or Co-development Partner · 1 August 2023SMI acquired 100% ownership of Annex Plating in August 2023, having initially purchased 50% in 2014. Located in Providence, Rhode Island, Annex operates as a full-service minting and specialty finishing operation with Barry Fishback as COO.
• Shanghai JinYuan Culture Development Co. Ltd.coreStrategic or Co-development Partner · 1 January 2011Joint venture partner for Sunshine Minting (Shanghai) Co. Ltd., established to produce precious metal blanks and products in Shanghai, China to meet world-class standards for quality and delivery globally. Tom Power has served as Chairman of the Board since 2011.
• International Precious Metals Institute (IPMI)minorOthersIndustry association membership for precious metals professionals.
• London Bullion Market Association (LBMA)minorOthersIndustry association membership for the London Bullion Market.
• American Numismatic Association (ANA)minorOthersIndustry association membership for coin and numismatic collectors.
• The Silver InstituteminorOthersIndustry association focused on silver market education and promotion.
• National Coin & Bullion Association (NCBA)minorOthersIndustry association for coin and bullion dealers.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Valcambi: Valcambi is a Swiss LBMA-accredited precious metals refinery and mint producing CombiBar and branded gold/silver/platinum/palladium products. Comparable as a vertically integrated precious metals manufacturer serving investors and distributors globally.
• MKS PAMP GROUP: MKS PAMP GROUP is a Switzerland-based integrated precious metals firm combining refining (PAMP), minting, and global trading/distribution. Comparable as a vertically integrated LBMA refiner and private mint serving sovereign, institutional, and retail bullion markets.
• Scottsdale Mint: Scottsdale Mint is a leading U.S. private precious metals mint producing silver and gold bars, rounds, and custom products. It is a direct head-to-head competitor in branded bullion and custom minting for collectors and sovereign customers.
• Asahi Refining: Asahi Refining is a North American precious metals refiner (formerly part of Johnson Matthey) producing LBMA Good Delivery gold and silver bars. Comparable as a major precious metals refiner whose Florida operations are led by a former executive who moved to SMI, indicating direct talent overlap.
• PAMP Suisse: PAMP Suisse is a globally recognized Swiss precious metals refiner and mint producing investment-grade gold, silver, platinum, and palladium bars. Comparable as a vertically integrated LBMA-accredited refiner and private mint supplying bullion products globally.
• SilverTowne Mint: SilverTowne Mint is a U.S.-based private precious metals mint and direct competitor in bullion bars, rounds, and custom minting. It is now a sister company under Gold.com following the April 2026 SMI acquisition and was explicitly combined with SMI into Gold.com's Minting & Refining Division.

Broad incumbents

• Perth Mint: Perth Mint is one of Western Australia's largest precious metals mints, producing gold, silver, and platinum bullion and numismatic coins. It is comparable as a sovereign-affiliated mint competing with SMI for distributor relationships and end-investor demand.
• Royal Canadian Mint: The Royal Canadian Mint is a Crown corporation producing circulation coins, bullion (Maple Leaf), and blanks for other mints. It is both a customer and a competitor for SMI - sourcing blanks historically and capable of insourcing production, and operates at sovereign-mint scale SMI supplies.
• Johnson Matthey: Johnson Matthey was a major global precious metals refiner and mint operator (now spun out as a separate entity post-divestiture). SMI founder Tom Power worked there for years, and the firm historically competed with SMI in refining and minting services.
• Heraeus Precious Metals: Heraeus is a German-based global precious metals and technology group with substantial refining, minting, and trading operations. Comparable as a vertically integrated precious metals manufacturer competing for industrial, investment, and custom-mint business worldwide.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sunshineminting
• LinkedInlinkedin.com/company/sunshine-minting-inc-
• Instagraminstagram.com/sunshinemintinginc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunshine Minting, Inc.