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In the 1980s, a peculiar event began to take shape in the silver market in the United States. The Hunt brothers, Nelson Bunker Hunt and William Herbert Hunt, along with other family members, attempted to buy and hoard large quantities of silver to manipulate its price. Their efforts drove the price of silver to record highs in early 1980, peaking at around $50 per ounce. In response, the United States government dumped silver from its strategic stockpile into the market to drive down prices. Right now, 10 oz U.S. Assay Office Silver Bars are available to purchase online from JM Bullion.
Bar Highlights:
Each 10 oz U.S. Assay Office Silver Bar is available to you with protective plastic inside a shipping box. These bars were produced using strategic silver held by the United States, with the bars initially stored in the 1980s at the U.S. Assay Office in San Francisco.
At one point in the 1960s, the Defense Logistics Agency was in possession of more than 165 million ounces of silver in the nation’s strategic silver stockpile. In response to the efforts of the Hunt brothers to corner the silver market, the U.S. government and various regulatory agencies became concerned about the potential impact of the Hunt brothers’ actions on the financial markets and the broader economy.
On the obverse side of U.S. Assay Office Silver Bars, you will find the majestic American bald eagle in flight with an American flag on a pole in the background. The eagle is flanked by stars and this field includes the identifying hallmarks of the bar.
The reverse field of 10 oz U.S. Assay Office Silver Bars comes with a depiction of other identifying hallmarks. The name of the U.S. Assay Office features on this side, as well as the date of production for the bar.
If you have any questions when you buy silver bars, please feel free to ask. JM Bullion customer service is available to you at 800-276-6508, online using our web chat, and via our email address.
Tracking and insurance included on all orders
In the 1980s, a peculiar event began to take shape in the silver market in the United States. The Hunt brothers, Nelson Bunker Hunt and William Herbert Hunt, along with other family members, attempted to buy and hoard large quantities of silver to manipulate its price. Their efforts drove the price of silver to record highs in early 1980, peaking at around $50 per ounce. In response, the United States government dumped silver from its strategic stockpile into the market to drive down prices. Right now, 10 oz U.S. Assay Office Silver Bars are available to purchase online from JM Bullion.
Bar Highlights:
Each 10 oz U.S. Assay Office Silver Bar is available to you with protective plastic inside a shipping box. These bars were produced using strategic silver held by the United States, with the bars initially stored in the 1980s at the U.S. Assay Office in San Francisco.
At one point in the 1960s, the Defense Logistics Agency was in possession of more than 165 million ounces of silver in the nation’s strategic silver stockpile. In response to the efforts of the Hunt brothers to corner the silver market, the U.S. government and various regulatory agencies became concerned about the potential impact of the Hunt brothers’ actions on the financial markets and the broader economy.
On the obverse side of U.S. Assay Office Silver Bars, you will find the majestic American bald eagle in flight with an American flag on a pole in the background. The eagle is flanked by stars and this field includes the identifying hallmarks of the bar.
The reverse field of 10 oz U.S. Assay Office Silver Bars comes with a depiction of other identifying hallmarks. The name of the U.S. Assay Office features on this side, as well as the date of production for the bar.
If you have any questions when you buy silver bars, please feel free to ask. JM Bullion customer service is available to you at 800-276-6508, online using our web chat, and via our email address.
