Coin and bullion dealer Silvertowne L.P. says it will build a multi-million dollar television studio at its office in Winchester. The company says it will move production of its Coin Vault television program, which currently broadcasts from Tennessee, to Randolph County.

November 19, 2014

News Release

Winchester, Ind. — Silvertowne L.P. has announced that it is to build a multi-million dollar TV studio and production facility at its head office in Winchester, IN. Primarily airing their shopping channel, The Coin Vault, which currently broadcasts from Franklin, TN, the expansion will bring local jobs and global broadcast capabilities.

David Hendrickson, owner of Silvertowne, said “alongside being the right move for us to bring The Coin Vault home, this will provide valuable fiber networking, broadcasting and production capabilities for local companies, the City of Winchester and Randolph County to utilize.”

“The announcement of SilverTowne to bring its TV Studio and Production operations from Tennessee to Winchester and Randolph County, Indiana, is a great testament to the local ownership's commitment to the Randolph County Community and the State of Indiana. This project represents great investment, high paying quality skilled jobs and the opportunity for diversification of the local tax base, which will enhance the opportunity for long-term sustainable success going forward.” Bruce W. Hosier, Executive Director, REDC.

Now in its 26th year, The Coin Vault broadcasts the very best in coins and currency to nearly 50 million homes on DirecTV, Dish Network, Time Warner and Cox. Construction of the facility begins in the next week, with the first broadcast expected in late April 2015. Currently, The Coin Vault operates its customer service call center in Winchester which moved here in 2012 from Phoenix, AZ.

Source: Randolph County Economic Development Corp.

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