Silver Mint Club claims a history of selling silver bullion since 1998, with online operations beginning in 2003. However, records show the company's domain, silvermintclub.com, was first registered in May 2011. This timeline contradicts its stated thirteen years of operation. The domain registration was updated in July 2012, which could indicate a transfer of ownership at that time.
No public records support Silver Mint Club's existence prior to 2011. The company identifies its President as "Jim Williams," yet no independent information links this person to Silver Mint Club outside of the company's own website. The domain registration for silvermintclub.com is also set to private, obscuring ownership details.
The Silver Mint Club website shares its private server with several other online ventures. These include Traffic-Cycler, launched in early 2009, which operates as a Ponzi scheme paying returns from new investments under the guise of advertising purchases. Another site, Bunch of Croc, functions as a forum heavily promoting various schemes from the same administrator.
History-Ads, launched in early 2008, also claims to sell advertising while paying a daily 0.5% return on investment from new member funds. History-Coins, a site claiming to sell silver since 2003 from an Ohio base, had its domain registered only in 2007. These sites appear connected to an individual known as "Jim Williams" or "James Williams" and are frequently promoted together.
History-Coins provides the conceptual basis for Silver Mint Club's silver coin offerings. However, its own operational claims, like those of Silver Mint Club, are contradicted by domain registration dates. Silver Mint Club itself lacks any retailable products or services. While silver coins are offered to members, their sale does not integrate into the company's compensation plan. Members cannot sell these coins to retail customers.
The Silver Mint Club business opportunity relies on recruitment. Members earn commissions when their referrals purchase a subscription. The company offers annual membership subscriptions at two levels. The Collector Subscription provides a 25% commission from all recruited Collector Subscription fees.