Wyoming
Casper Gold And Silver Production Facility Makes Money For 20 Foreign Governments
CASPER — Just across the North Platte River on the northwest side of town in the old newspaper building, a Wyoming version of Fort Knox is being born.
Cement trucks are going in and out, workmen are busy placing rebar, and on the other side of the building parts for a state-of-the-art world-class secure vault are waiting to be assembled. When work is done, the building will have gun ports and cameras at many angles to meet the security expectations of a Lloyd’s of London insurance policy.
Welcome to the Scottsdale Mint, which is in phase two of a nine-phase plan to turn the former Casper Star-Tribune building into a world-class gold and silver production facility.
President and CEO Josh Phair said operations began last summer, and by the end of this year between 50 and 100 people will be working to create precious metal rounds, bars, official national coins and more.
Producing Legal Tender
And that’s why all the expense and work is being put into turning the mint into the city’s most secure place.
“We produce for more than 20 foreign governments and central banks,” he said. “So, we are actually producing legal tender right here in Casper, Wyoming, and ship it all around the world.”
Despite the construction, rooms for melting equipment, tool-and-die operations, stamping, offices and two working vaults are in place and filled with people. An armed guard scans people going in and out. After more than 20 years operating out of Scottsdale, Arizona, Phair said Scottsdale Mint operations will be centered in Casper.
With the shaky world economy, wars in the Ukraine and Middle East, and a divided market where the dollar is being undermined as the world’s reserve currency, demand for Scottsdale’s products have been booming.
That boom started in 2020, during the pandemic.
Phair said the company he began out of his guest bedroom in 2008 and expanded in 2011, then needed to grow again from the two buildings the mint had in Scottsdale. Californians had moved into the Phoenix region and there were no commercial buildings available to expand into less than an hour away.
Sell Or Expand?
He was also getting requests from people who wanted to by the company, and Phair spent some time deciding what he would do.
“I had to make a decision. Do I sell it, or take it to the next level?” He said.
He settled on the latter and started looking for where the company could relocate. Initial searches had him looking beyond the nation’s borders to “free port” areas in Switzerland and Panama that would allow the company to accomplish its international role with some advantages.
The he turned his eyes to elsewhere in the U.S. to states with pro-business laws and “sound money” practices. He learned Wyoming ranked at the top, and that the state passed a legal tender bill a few years ago.
“I wouldn’t be here if that law wasn’t passed,” he said.
Once he toured the former newspaper building, Phair said he knew it would be the mint’s new home, but there would be work to do. Phair said they basically gutted the building and have installed new plumbing, electrical work and air handling systems.
The Vault
There is a 30-by-30-by-15-foot vault with the more than a foot-thick door that now holds some gold and silver items, but there are bigger plans for it in the near future.
“What you are looking at here is the highest rated vault in the world that you can get,” Phair said. “The class three vault is built for billions of dollars. It will be for high-net-worth people who want to put valuables away, also for business-to-business (valuables) and sovereign wealth.”
In a separate vault for production items, Phair shows coins minted for Samoa, Fiji and the Cayman Islands. One coin has the likeness of the late Queen Elizabeth of England.
“We’ve had projects personally signed off by Queen Elizabeth,” he said. “We did a coin a few years ago for Gibraltar. It was the Royal Arms of England (and) … it went to Buckingham Palace for her to sign off on.”
In addition to his work for governments, the mint produces several artistic rounds sought by collectors, as well as gold and silver art pieces. Future plans call for jewelry to be added to the company’s product list.
The Cowboy Round
One hot seller is a cowboy round. That came as an idea to honor the company’s past and future.
“We have a cowboy round that we launched this year, and we have sold more than the state of Wyoming’s population in the last six months,” he said. “The city of Scottsdale has a bucking bronco on the city emblem, and obviously Wyoming has a lot of cowboys on the license plates.”
The company designed the three-dimensional image in-house and included the rays from Arizona’s state flag as part of the design. It added a buffalo as a small “privy” mark on the bottom right of the round’s front.
Phair said depending on the particular job and design of the coin or bar, the company makes as little as $1 on the “transactional spread.”
“On gold, it could be as thin as $1 an ounce, which is nothing,” he said of the profit margins. “If it is something much more elaborate it could be more than $100.”
A lot of the work involves volume.
“One customer alone in the past six weeks we probably did $80 million in gold,” he said.
Some of the Scottsdale Mint’s gold bars use color in their design. The mint employs artists, engineers and others to get creations from an idea to the shipping room. A typical project would take six months before production begins, Phair said.
Son Of A Pastor
The 44-year-old Phair was born in South Dakota and raised there and in Florida. His father was a pastor. After college in 2022, he arrived in the Phoenix area to do risk management.
“When I was 24 years old, I landed a $4 billion gold mining company out of Reno and I started handling the insurance and risk management for about a dozen publicly traded mining companies. So I was in Denver, Coeur D’Lane, and Phoenix handling copper, silver, and gold producers and fell in love with minerals,” he said.
In the bullion business, he saw an opportunity for a high-quality brand. After starting his business in a guest bedroom, he learned that the company using precious metals to make screen material for Apple iPads wanted to sell its manufacturing operation.
“So, I bought the division, and moved it out of Albuquerque to Scottsdale,” he said, emphasizing that success did not happen overnight, but the company has worked to fulfill its motto to be “the most distinguished name in bullion.”
Phair defers questions about the value of the company. It’s privately held and he points to his customers and the company’s reputation in the world for its value.
“I like to say we do billions. Numbers sometimes get really big in our industry,” he said. “I would say we are among the top five mints in the world. I don’t think there is another mint that mints for more countries than us.”
President And ‘Conductor’
As president of the company, he likens his role to a conductor of an orchestra and calls the company a mix of science, engineering and art.
“I’ve got an artistic bone. I can’t hum, I can’t draw, but I know what looks good,” he said. “I think that has played a role in building the brand. And I love to find brilliance. I couldn’t do this without the staff of people from the top to the bottom of the organization.”
There are a lot of future plans for the business in Casper, one that involves the big vault and new company based out of the mint location. When the building is completed, Phair envisions a gallery for art, and a place for digital investments that are tied to a value of something tangible in the vault.
He hopes to take advantage of Natrona County’s free trade zone status and appreciates the fact he, his wife and two children are now living in the center of Wyoming.
Because the company does so much international business, he frequently travels the world and has been to Europe, Dubai, Singapore and the Caymans, as well as many other small island designations.
“I like coming back to Casper,” he said. “There is something about the community here that is special.”

Dale Killingbeck can be reached at dale@cowboystatedaily.com.
Wyoming
Wyoming Gov. Mark Gordon won’t seek a third term. He won’t rule out running for other offices, either
(WYOFILE) – Wyoming Gov. Mark Gordon will not seek a third term, his office announced Thursday. However, the two-term Republican governor has not ruled out running for another office.
“He’s still kind of exploring his options,” Amy Edmonds, Gordon’s spokesperson, told WyoFile.
As candidates across Wyoming have announced bids for various statewide offices in recent months, Gordon has been tight-lipped about his own plans, leading to speculation that he would put the state’s gubernatorial term limits to the test.
In two opinions about a decade apart, the Wyoming Supreme Court ruled that term limits on legislators as well as on most top elected positions in the state were unconstitutional. While the high court has not addressed the qualifications for governor, it’s been widely suggested that a court challenge would be successful. Such was the discussion in 2010, when Democratic Gov. Dave Freudenthal ultimately chose not to seek a third term.
There’s also been speculation that Gordon may run for Congress, which he’s done in the past. In 2008, Gordon ran for the U.S. House of Representatives. He was ultimately defeated by Cynthia Lummis in the primary election. If Gordon seeks the seat in 2026, he’ll join a crowded field that has already attracted at least 10 Republicans. It’s possible he could also be eyeing a run for Wyoming’s soon-to-be open U.S. Senate seat — a choice that would pit him against Rep. Harriet Hageman, whom he defeated in the governor’s race in 2018.
Wyoming’s candidate filing period opens for two weeks at the end of May.
As for the rest of Gordon’s final term in the governor’s office, his “focus remains on essential pillars like supporting core industries, growing Wyoming’s economy, strengthening local communities and families, and safeguarding Wyoming’s vital natural resources,” according to the Thursday press release.
Starting in June, Gordon will set out on a series of community visits to “engage directly with citizens,” the release states, and is particularly interested in having discussions about “protecting our resilient property tax base that funds local services like education, fire protection, police services and others, as well as honoring local control, investing in our future through smart saving and continued stewardship of our wildlife, land, and water.”
The governor also pointed to the Aug. 18 primary election.
“You don’t have to be Governor to make a difference in Wyoming,” Gordon wrote. “Participating in elections is something all of us can do to make a real difference, and these conversations are important to have to ensure everyone makes informed decisions about the future of Wyoming.”
Whether Gordon will run for office is one lingering question — to what degree he will support other candidates is another.
In 2024, Gordon personally spent more than $160,000 on statehouse races, backing non-Wyoming Freedom Caucus Republicans who generally aligned with his positions on energy, economic diversification, mental health services and education.
While many of those races did not go Gordon’s way — the Freedom Caucus won control of the House — the governor is coming off a legislative budget session where lawmakers largely approved his proposed budget.
More specifically, the Legislature’s final budget came in about $53 million shy of the governor’s $11 billion recommendations after significant cuts were floated by the Freedom Caucus lawmakers ahead of the session. Many of those notable cuts — including to the University of Wyoming and the Wyoming Business Council — were ultimately rejected.
While Gordon applauded the final budget, he also said in March he was “saddened by some of the reductions,” including the Legislature’s decision to nix SUN Bucks, the summer food program that fills the gap for kids when there are no school lunches. Wednesday, however, the governor signed an executive order that will start delivering food benefits to Wyoming families as early as June.
Details for Gordon’s upcoming community visits will be posted to the governor’s website, according to the press release.
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Wyoming
(LETTERS) Wyoming Supreme Court judges, congressional responsibility, pregnancy and US involvement in the Middle East
Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its employees. Letters to the editor can be submitted by following the link at our opinion section.
Wyoming Supreme Court judge process better than federal’s
Dear Casper,
This letter is in response to Mr. Ross Schriftman’s letter to the editor from April 11. His opinion appears to be that the Wyoming process of selecting Wyoming Supreme Court justices is somehow flawed. Justices are selected through a merit-based assisted appointment process. When a vacancy occurs, a seven-member Judicial Nominating Commission recommends three candidates to the governor, who appoints one.
Appointed justices serve at least one year before standing in a nonpartisan retention election for an eight-year term.
The commission consists of the chief justice as chair/tie-breaker, three attorneys selected by the Wyoming State Bar and three non-attorneys appointed by the governor. The governor must select one of the three nominees provided by the commission to fill the vacancy.
After serving at least one year, justices stand for retention in the next general election. Voters cast a “yes” or “no” vote. If retained, the justice serves an eight-year term.
Candidates must be U.S. citizens, Wyoming residents for at least three years, licensed to practice law, and have at least nine years of legal experience. Justices must retire at age 70.
U.S. Supreme Court are appointed for life!
I would offer that the Wyoming process is superior to that of the U.S. Constitution. Voters are involved the process, which we are not at the federal level.
Wyoming justices can be impeached and removed from office by the state House of Representatives and Senate.
Michael Bond
Casper
Wyoming delegation must answer for President Trump’s Iran policy
Dear Casper,
Sent this to each of our Wyoming congressional delegates. I lived in Montana for years. These are the questions the Daily Montanan asked of their elected congressional representatives.
I ask the same questions of our Wyoming delegation. Montana got no answers. I doubt that we will either.
- President Donald Trump has continued to threaten to hit targets that would affect or kill civilians in Iran. Do you support his stated objectives and deadlines?
- Are you concerned that some of these targets could be construed as attacking civilians and therefore become war crimes?
- Do you have any concerns about wiping out an entire civilization, as Trump has threatened?
- If these are only rhetorical threats, what does that do to our stature in the world when we make threats, but don’t follow through with them?
- Polls have continued to show more than a majority of Americans do not support the efforts against Iran. Why do you support the effort?
- If you do not support the effort in Iran, at what point would you support Congressional intervention or oversight on the issue?
- Have you been briefed and do you believe that there are clear objectives in this war with Iran, and how can you communicate those with your constituents?
- The U.S. has repeatedly criticized Vladimir Putin and Russia for its invasion and treatment of the Ukrainian people and it sovereignty. How does that differ from America’s “excursion” into Iran?
- What is your message for Montanans who are seeing gas prices and the cost of living generally increase?
- Last week, President Trump said that America doesn’t have enough money for healthcare and childcare; further, those things must be left to the individual states in order to fund the military? Do you agree?
- President Trump continues to boost military budgets and request additional funding for the war in Iran. Do you support these?
Tami Munari
Laramie
Pregnancy is personal, not political
Dear Casper,
The recent Wyoming Supreme Court ruling, which affirmed abortion is health care, has caused some who disagree with the ruling to attack Wyoming’s judicial system.
In an opinion letter, candidate Ross Schriftman facetiously writes, “…our God-given First Amendment right of free speech does not apply when criticizing our fellow citizen judges.”
This is the first flaw in his logic because the Constitution was not written by God, therefore the right of freedom of speech was thought up and written by men. God is not the author nor guarantor of personal freedoms — our Constitution and judicial system are.
The second flaw in his argument references a letter signed by 111 professionally-trained, experienced, and well-respected Wyoming judges and attorneys explaining how the courts arrive at their rulings. It is illogical to claim we are all “citizen judges” because even though citizens have a constitutionally-guaranteed right to an opinion, it does not make every citizen a legal expert. The judges’ and attorneys’ excellent letter speaks for itself.
Mr. Schriftman claims the Supreme Court, “… create(d) an absurd definition of health care to include the intentional murder of pre-born human persons; something they did to justify overriding the equal protection clause… .” This logic is flawed because it is based on a conflation of an obsession with “pre-born human persons” and equal protection under the law.
There is significant disagreement on the issue of fetal personhood and who gets to determine it: the doctors? the lawyers? the pregnant woman? the anti-choice crowd?
Many understand and appreciate it has taken women almost 200 years to gain and keep Equal Protection Under the Law, and the disagreement over who is legally, materially, and morally responsible for a fertilized human egg has always been part this historical struggle. But it was the Roe v. Wade Supreme Court decision that finally established a constitutional right, for women and men, to private health care decisions and, since pregnancy is a health condition, that included abortion.
Even though it wasn’t explicit, Roe also effectively affirmed that bestowing of “personhood” is a private determination to be made by the pregnant woman and her God. But, sadly, here we are again, dealing with folks who mistakenly believe they have a right to interfere in someone else’s pregnancy.
The Rev. L Kee
Casper
Why does the U.S. keep troops in oil producing countries?
Dear Casper,
There are two facts that don’t ever seem to be considered by our government that cost us dearly.
Osama Bin Laden said the stationing of U.S. troops in the Middle East was the reason Al Qaeda attacked us on 9/11. Does the U.S. believe that the oil producing countries in the Middle East will only sell us oil if we force them to by stationing troops there? I’m not aware of any other countries that believe that.
The other fact is, the U.S. is the only country to ever use a nuclear weapon offensively. There are several countries that have nuclear weapons, including North Korea. The reason countries have been reluctant to use nuclear weapons is MAD, mutually assured destruction. Consequently, is it reasonable to expect Iran, should they develop a nuclear weapon, to attack the U.S., knowing that our superiority in nuclear capability would assure the complete destruction of their country? It clearly would be suicidal for them to do so.
But, just to be cautious, rather than destroying the entire country to deter Iran from acquiring a nuclear weapon, wouldn’t it make more sense to destroy their nuclear infrastructure?
Bill Douglass
Casper
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