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In the late 1960s, the Defense Logistics Agency had over 165 million ounces of Silver in its stockpile. The government dumped the Silver into the open market in 1980 and 1981 to drive down Silver prices after the Hunt brothers tried to corner the market.
1 oz Silver Round - U.S. Assay Office
· Contains 1 oz of .999 fine Silver.
· Individual rounds come in protective packaging.
· Obverse: Features the American flag and an Eagle within a wreath along with the weight and purity.
· Reverse: Displays the words, “Minted From U.S. Strategic Stockpile Silver” and “Formerly Stored at U.S. Assay Office in San Francisco.”
· Secondary Market Silver could be perfect, scruffy or somewhere in between.
These rounds are all dated 1981, these rounds are over 30 years old and so it is expected that these may have some tarnishing, dings, and scratches.
"Some have asked whether our silver coins will disappear. The answer is very definitely-no.
Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion--I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.
Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time.
If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content."
-President LBJ Remarks at the Signing of the Coinage Act
July 23, 1965
Junius Maltby
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1 oz Silver Round - U.S. Assay Office
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silvercoincoinsbullionapmexU.S. Assay Officecoinage act1965hunt brothersmarketetfgoldbullion coinsilver bullion999fine silvereaglecollectioncollectingeconomyrothiraexchangetradedfundscomexforexstocksbondsmininginflationfedfederal reservesound moneylibertyfreedompalladiumplatinum401kinvestinginvestmentcryptocurrencydebtvenezuelahyperinflationzimbabweLyndon JohnsonLBJVietnameconomicsJunius Maltbycentral bankSD Bullionmint