In the 1980s, a unique event unfolded in the American silver market. The Hunt brothers, Nelson Bunker Hunt and William Herbert Hunt, along with other family members, attempted to accumulate and hoard large quantities of silver to influence its price. Their efforts caused a surge in the price of silver during the early 1980s, reaching nearly $50 per ounce. In response, the United States government released silver from its strategic stockpile into the market to stabilize prices. Now, you have the opportunity to purchase 10 oz Silver Bars from the U.S. Assay Office online at Provident Metals.

Highlights:

• Arrives securely encased in protective plastic within a shipping box!
• Crafted using silver sourced from the U.S. strategic stockpile!
• Originally housed at the San Francisco U.S. Assay Office!
• Contains 10 Troy ounces of .999 pure silver.
• The obverse side features the majestic American bald eagle and the US flag.
• The reverse side displays unique hallmarks for easy identification.

Each 10 oz Silver Bar is carefully packaged in protective plastic and shipped within a sturdy shipping box. These bars were initially stored at the U.S. Assay Office in San Francisco, utilizing silver from the United States’ strategic stockpile.

Obverse

On the obverse side of U.S. Assay Office Silver Bars, you’ll find a majestic American bald eagle in flight, with an American flag on a pole in the background. The eagle is surrounded by stars, and the field includes unique hallmarks for easy identification. The inscriptions include .999 FINE SILVER and TEN TROY OUNCES.

Reverse

The reverse of the 10 oz Silver Bar features additional identifying hallmarks, including the name of the U.S. Assay Office and the production date of the bar. Inscriptions on this side read MINTED FROM U.S. STRATEGIC STOCKPILE SILVER, FORMERLY STORED AT U.S. ASSAY OFFICE, SAN FRANCISCO, and 1981.

History

Back in the 1960s, the Defense Logistics Agency held over 165 million ounces of silver in the nation’s strategic silver stockpile. Concerns arose due to the Hunt brothers’ efforts to manipulate the silver market, leading regulatory agencies and the U.S. government to take steps to safeguard financial markets and the broader economy.

Ordering

If you have any questions or need assistance with your silver bar purchase, please feel free to reach out. Provident Metals’ customer service team is available at 1-800-313-3315, and you can also contact us through web chat or email.