VINTAGE ORIGINAL 1981 US ASSAY OFFICE SAN FRANCISCO 1 Oz 999 SILVER TRADE UNIT


VINTAGE ORIGINAL 1981 US ASSAY OFFICE SAN FRANCISCO 1 Oz 999 SILVER TRADE UNIT

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VINTAGE ORIGINAL 1981 US ASSAY OFFICE SAN FRANCISCO 1 Oz 999 SILVER TRADE UNIT:
$29.95


ONE OUNCE VINTAGE U.S. ASSAY OFFICE .999 SILVER ROUND
In-scripted Obverse:MINTED FROM U.S. STRATEGIC STOCKPILE SILVERFORMERLY STORED AT U.S. ASSAY OFFICE SAN FRANCISCO 1981Reverse:ONE TROY OUNCE 31.1 GRAMS .999 FINE SILVERSILVER TRADE UNIT
Each coin is in mint condition. Every coin is unique. Coins have some toningtoheavy toning. Toning of silver coins is common and may add appeal to the vintage nature of these older coins.This coin has a significant history:
These 1981 Assay one ounce silver dollars have become rare American coins not produced by the US Mint.

In the late 1960s, the Defense Logistics Agency had over 165 million ounces of silver in its stockpile.

The Federal Government sold much of this silver on the open market in 1980 and 1981.

After the US Mint stopped using silver in circulating coinage,the US government felt compelled to sell portions of its reserves to the public in order to stabilize the high silver market partially created by the Hunt brothers hoarding large quantities of silver.These are only slightly more difficult to find than Engelhard Prospectors. They are an example of American precious metal bullion history that preceded the Englehard\'s Prospector by a year.

The Continental Coin Company of California purchased a great deal of this silver from the U.S. government Treasury reserves. They proceeded to mint 1 oz rounds, as well as 10 oz and 100 oz bars in 1981.


They made sure that everyone knew it was made from silver that had been stored at the San Francisco Assay Office by boldly statingMINTED FROM US STOCKPILE SILVERandFormerly Stored at US ASSAY OFFICE SAN FRANCISCO.Many people who buy these bullion products continue to think they were minted by the U.S. Mint in San Francisco for the Assay Office.

--- Above excerpted from Paul St. Julien, Heritage Coin Gallery---


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VINTAGE ORIGINAL 1981 US ASSAY OFFICE SAN FRANCISCO 1 Oz 999 SILVER TRADE UNIT:
$29.95

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