1 oz Silver Round - U.S. Assay Office
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- čas přidán 2. 09. 2018
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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
SILVER PLAYLIST: • Playlist
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Good to see a video from you my friend. Great review of this round and the story behind it. Hope all is well. Take care.
Thank you much Sal. Thank you. It has been a while my friend. Time does not expire friendships however!
You are so right my friend. I'm honored to call you friend. Thank you sir.
Good to have you back brother!
Good to hear from you again.
They don’t have to mint rounds anymore to drive the price down. They just pull a hundred million paper ounces out of thin air and drop it on the market. 😩
Awesome review and information!! Thanks for sharing!
Welcome back, Junius!
Good to hear from you. Looking forward to future videos.
glad your back!!
Welcome back!!
yet another fantastic video
Good video. Thanks for sharing.
By the way I love your content brother. And I’m glad that you’re back!
I just re-watched some of your old vids this morning, I'm glad I was able to summon you :P For real though, I'm glad to hear from my favorite 'most boring channnel' on youtube.
Oops, I just melted about 8 of these down. I’m going to pick some more up next Monday. My coin club has a butt load of them. I recently found a 1964 Washington Quarter I got in my change from a convenience store. I heard it as soon as it hit my hand. I bout crapped myself 😬😂🤣🤪👍🏻
Silver Mac they’re not that hard to find, I’m getting them in my LCS generic bin. They’re definitely a cool round, but I wouldn’t lose sleep over melting a few. They don’t carry that much of a premium.
I love that sound. When I go through my pocket change i can see the silver coinage. It just pops out. My average is about 3 times a year. Usually a Roosevelt dime.
But yeah, that crisp ring !
Lucky you !!!
Lucky you 🍀
ther a errors on some them die crack is that good are no??
Great show and tell...we have a few, definitely in my top ten Rounds of all time!:)))👍
Thanks for posting again, I forgot I subbed to you. Great round.
Welcome Back!
Nice round and thanks for the background story.
Very nice!
👍👍👍
Ahhh winter is coming...glad to hear your voice - I have a few of these myself.
I have close to 70oz in trade units alone and this is in my top 3 because of the history behind it. Great video sir, thank you for sharing! 👍👊
What a great day Junius.
Welcome back bud
I work retail and we have a new cash machine that spits out all the silver from the bank deposits and retail purchases. I get 2 or 3 silver coins a week at face value.
I got a good bit of my 90% from my time in retail as well...only thing I miss about it.
Thank you for the knowledge. Stranger to stranger ..
Got some US Assay Office Silver rounds very Beautiful rounds.
Currently the US Silver Stockpile is around 139,500,000 ounces
Those are one of my favorite rounds. I have collected a whole tube of them, I find the historical story behind them fascinating, so I collected a tube of them. I have been meaning to research the validity of whether they were really minted from U.S. stockpiled silver. Good to hear from ya brother!
I think they'd have received major heat from the G back in 1981 if the silver used in these bars and trade units were NOT from the govt AS STATED ON THE ITEMS. In 1981, having just begun to emerge from some serious financial issues...not sure much toleration would have been showed to a private mint cranking out silver with bogus inscription on it implicating a Govt entity. I don't doubt the silver originally is from assay office. My disappointment is in learning all too recently (entirely my boneheaded oversight) that the stuff was sold to a private minting company in California (hence the odd CC [not Carson City, of course] mark and THEY, not the G, actually coined and formed into bars. Not what I wanted to learn. Live and (not) learn.
I just picked up 4 of those at the end of August.
Interesting video
Just looked and it would be nice to also have one of the 10 oz bars for the same historical reason. Thank you for the information.
i picked up some of these as well. for same reason good investment/hedge and price at the time. as well as history.
Interesting round!
I remember seeing them as a kid in the shops. Always the cheapest rounds in there if I remember. I think, so many have been destroyed that they are becoming less common. Who knows.
Silver is still floating out there. About 9 years ago while working retail I was still catching Pre 64 dimes and quarters floating around. When times get lean people spend their change jars and there can be silver sitting in them. Also as we get older and die off our family cleans out change drawers, coin collections, and spare change and turn it in at face value.
good silver !!
Excellent commentary, greatly appreciated by a fellow american. LBJ and Congress did exactly what the Coinage Act of 1792 forbade. "SEC. 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said Mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained,...shall be deemed guilty of felony, and shall suffer death."
My lcs has some of these
Good video thanks!!! Likeeee 👍👍👍
do you guys know about it there a errors on some them it have a die crack i have 3 them all 3 have the same die crack on them i have see 4 more i'm trying to get have them to i'm trying to get now
I picked up a ten toz. bar last year
Welcome back to the 'most boring channel'!!!!! Great to hear you again.
is the die crack on them any good are no????
Junius Maltby, thanks for that four and a half minute video on the cryptocurrency XRP last year. I've been closely following it since then and it is going to make Bitcoin look like a hobby project. Interesting coin too.
I wonder exactly how many of these were struck? I wonder at what "mint" since there is no visable mintmark on the round. Very historical piece. Reagan was President at the time and silver was spiking at $36 per ounce.
Long time no see,
I don't know why, but vintage rounds -like this- are a weakness for me
Vending machines in 81-83 I came across so much.
So is it still worth it to buy more
Paolo David if you like it, buy it !
Is Junius buying gold at today's prices?
Lol
Mình là người việt nam có đồng tiền này có ý nghĩa và giá trị không bạn
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Thanks for posting this interesting coin and the history behind it. Didnt know that the US government dumped the silver to drive down prices due to the Hunt Brothers stock piling physical silver just as JP Morgan is supposedly doing the same now.
P