Mountain of Jewels
1981 US Vintage 1.0 Ounce .999 Fine Silver by US Assay Office San Francisco A97
1981 US Vintage 1.0 Ounce .999 Fine Silver by US Assay Office San Francisco A97
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1981 US Vintage 1.0 Ounce .999 Fine Silver by US Assay Office San Francisco A797.
Features
Location United States
Type Bullion › Round
Year 1981
Composition Silver (.999)
Weight 31.1 g
Diameter 38.5 mm
Thickness 3 mm
Shape Round
The Hunt Brothers and the Silver Saga.
In 1979, Silver traded at about $6 per troy ounce, a few years before this time the infamous Hunt Brothers decided to buy as much Silver as they possibly could. There initial decision to do this was to hedge their money against inflation. They chose Silver because Gold was still illegal for private ownership following the 1933 ban on private ownership of Gold by the U.S. Government.
The Hunt Bros decided to buy Silver, they bought an estimated 1/3 of the entire available world supply. They were, after all, the sons of Haroldson Lafayette Hunt, an East Texas oil tycoon worth an estimated 5 billion dollars!
Note the date on the bullion that reads, “MINTED FROM U.S. STRATEGIC STOCKPILE SILVER FORMERLY STORED AT U.S. ASSAY OFFICE SAN FRANCISCO CC.” That’s right, 1981. Now, although the market had dropped to over 50% of its peak, it still had a ways to go before it leveled out. The U.S. Government, under the Carter administration, with this Silver Fiasco in mind and the end of Silver in circulatory coinage, meant the diminished need for the United States Assay Commission. Therefore, it was abolished in March of 1980 and all of its Silver Stockpile was auctioned off. This conveniently served the purpose of driving the Silver prices back down to their appropriate, ‘inflation following’ prices.
A company by the name of “Continental Coin Jewelry Company” based in Van Nuys, California (mintmark CC) bought a large amount of that Silver and produced the bullion in question. Commonly mistaken for U.S. Mint or otherwise officially authorized by the U.S. Treasury or Government bullion, this private company produced both Silver Rounds and Silver Bars from the Silver they purchased. All of the Silver is .999 in purity, and the back reads “SILVER TRADE UNIT” with weight in ounces and/or grams as well as metal type and purity.
The coin you see is the coin you'll get.
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Shipping & Returns
Shipping & Returns
Shipping
Domestic:
Mountain of Jewels offer free insured USPS shipping on all domestic purchases. In most cases your order will be shipped the same day however if ring sizing needed or some modification to a piece of jewelry this could take up to 7 business days.
Item that is less than $35 will be charged $3 shipping.
Every item over $200 will be shipped with Signature Guaranteed.
FedEx 2nd Day is $35 and $5 for any additional item.
FedEx Standard Overnight is $50 and $5 for any additional item.
You will receive an email notification and a tracking number to easily track your shipment online once your order is shipped. Shipping time is location dependent and usually takes 2-4 business days. Your order will be shipped to your registered and verified PayPal address ONLY.
International:
We normally select the most inexpensive shipping and insurance method possible for our international buyers. We mostly use USPS Priority Mail Express International for $20 for items up to $1000 in value. All other shipments that are over $1000 will be sent via FedEx. Shipping cost will be quoted to you based on the destination and purchase value. Your country of residence may impose customs, import, duties, or tax fees that you must pay because your order originated outside your home country. These fees are your responsibility and are separate from the cost you paid us for you merchandise and shipping.
Our goal is to ship your order as quickly as possible, however, there are matters that are out of our control such as custom delays and freight carrier's shipping service. If you are interested to find out the expected date of shipment of a particular product, use the tracking number you were provided with, following your purchase. We are not responsible for any customs charges or holdups.
Please note that we CANNOT mark the customs tag as a "gift" or to value the order at less than what you paid for the merchandise. This practice is considered fraud and violations of this policy carry severe penalties and can result in our loss of international shipping privileges. For additional information, please contact the customs department in your country.
