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This silver round contains 1.000 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one 1 oz U.S. Assay Office Vintage Silver Round is $24.28 based on today's silver spot price.
In 1981, President Reagan ordered the sale of more than 50 million ounces of silver from the strategic stockpile. The metal that was sold was bought by investors and private mints. These private mint silver rounds were minted from some of the metal that was once part of the US Strategic Stockpile of Silver.
Minted in 1981 at the height of the Hunt Brother's cornering the market, these vintage 1 oz silver rounds represent a piece of US minting history.
U.S. Assay Office 1 oz Silver Round Highlights:
The U.S. Assay Offices played an essential role in the assessment and regulation of precious metals in the U.S., especially during periods of significant mining activity.
Multiple Assay Offices were established around the country near areas with significant mining activity, including San Francisco, New York, and Denver. Beyond simply assessing the purity of precious metals, some assay offices also served as mints, producing coins or ingots and helped regulate and standardize best-practices in the precious metals industry.
Over time, the Assay Offices were merged with other facilities. For example, the San Francisco Assay Office eventually became the San Francisco Mint as their functions were consolidated.
Beyond the inherent value of the silver they contain, vintage rounds can accrue numismatic value based on rarity, historical significance, design appeal, or association with particular private mints that may no longer be operational.
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