2377

Four Silver Ingots [146030]

Currency:USD Category:Coins & Paper Money / Ingots Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Four Silver Ingots  [146030]
SOLD
150.00USD+ (37.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Feb 25 @ 13:52UTC-8 : PST/AKDT
SHIPPING & HANDLING: Shipping is subject to a minimum charge of $19.00. Shipping and handling cannot be estimated prior to invoicing as it is based on the size and weight of your purchase. Additional shipping and handling costs, if required, will be re-invoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size.SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size a...
Four silver ingots: 1) Quarter Ounce "Silver Eagle" dated 1969 (predating the silver eagles made by the U.S. Mint); 1/4 ounce silver / 999 Fine / Redeemable at current market value / At Mercaimy Enterprises / Walla Walla, Washington. 2) 1/4 ounce / 999 Fine / Silver with Indian Head reverse. 3) Day Mines Inc. / Wallace, Idaho / 3 oz. silver / 999 Fine / 1970; rev.: miner panning / Dist. by Foster Inc. Walla Walla, Wash. in black display case. 4) Bache / One Ounce / .999 / Fine Silver. Bache was a securities firm originally founded in 1879 that got involved with the Hunt Brothers during the big silver bubble in 1980. On Thursday, March 27th 1980 (Silver Thursday) Bache issued a $100 million margin call to the Hunts, which they could not meet. As the price of silver slid to $11, Bache had to dump some of their silver, depressing prices further.
A consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal.

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