You have not bid on this auction.
ONE COIN FROM THE STRATEGIC SILVER STOCKPILE IN 1981
- SKU
- Dimensions (mm)
- x x mm
- Weight (g)
- Year
- 1981
- Gold Coins
- No
- Silver Coins
- Yes
- Platinum Coins
- No
- Mint/Proof Coins
- No
- Uncirculated Coins
- Yes
- Certified Coins
- No
- Bi Metalic Coins
- No
- Coin Collections
- No
- Colours
-
A COLLECTORS MUST HAVE SILVER ONE OUNCE
MINTED FROM THE STRATEGIC SILVER STOCKPILE IN 1981
FROM THE U.S ASSAY OFFICE IN SAN FRANCISCO
THE OBSERVE SAYS MINTED FROM THE STARTEGIC STOCKPILE SILVER FORMELY STORED AT U.S ASSAY OFFICE SAN FRANCISCO,1981.
IT BEARS THE LOGO CC
WHICH STANDS FOR CONTINENTAL COIN
THE RESERVE SHOWS A BEAUTIFUL EAGLE IN FLIGHT WITH THE US FLAG WAVING TO THE LEFT.
IT IS STAMPED .999 FINE SILVER ,ONE TROY OUNCE,31.1 GRAMS
SILVER TRADE UNIT
SO MUCH HISTORY BEHIND THIS COIN
ONE COIN IN THIS AUCTION
Issue: Silver Exchange Fund Transfer (ETF)
Silver Market
Between 1966 and 1970, U.S. Treasury sales of silver were a major secondary source of supply. Because silver had been a U.S. monetary standard along with gold, the U.S. government held the world's largest source of secondary supply in an effort to meet a growing production/consumption deficit. In 1965, it appeared that in less than two years the Treasury would effectively lose control of the price of silver. If silver had been allowed to rise above $1.40 per ounce, the silver content of U.S. coins would have been worth more than their face value, causing them to disappear from circulation. Under the Coinage Act of 1965, Congress eliminated the use of silver in coins and authorized the mining of cupro-nickel substitutes and the sale of silver to the public. The right of holders of U.S. silver certificates to redeem them for silver was suspended in 1968. The following year, a federal ban on the melting of U.S. coins was lifted, freeing anywhere from 400 to 700 million ounces for secondary recovery.
In late 1970, the General Services Administration was authorized by Congress to release the national strategic stockpile of silver to the Treasury Department, primarily for coinage of new commemorative silver dollars (40 percent silver content). The same act provided for the auction of approximately 3 million old uncirculated silver dollars (90 percent silver). In 1973, the Cost of Living council freed commercial-grade silver from price ceilings imposed the year before to allow domestic silver to advance to current international price levels. Silver has reacted erratically to world political and economic news in recent years. The New York spot settlement price for silver has ranged from a low of $3.92 in 1975 to a high of $48.70 in 1980.
In the early 80's, the U.S. government's strategic stockpile of silver was locked in by law at 139.5 Moz. Congress has since authorized legislation to dispose of these stockpiles. In late 2000 the U.S. Defense National Stockpile Center delivered its remaining stockpile of nearly 15 Moz to the U.S. Mint for coinage programs. Since 2001, the U.S. has had to purchase silver for its coinage programs from the open market. This has boosted silver consumption by 1% annually.
Background on ETF
An ETF is an Exchange Traded Fund, created under the Investment Company Act of 1940. They are index-based products, which hold a portfolio of securities that is intended to provide investment results that, before fees and expenses, generally correspond to the price and yield performance of the underlying benchmark index. In the case of a Silver ETF, the index would track the silver price and be backed by physically vaulted silver. Gold ETF's gained popularity in the recent commodity bull markets as investors were attracted to an alternate form of gold investment other than mining shares, options, futures and physical. Many are interested in gold from a 'buy and hold' perspective. Each unit that is bought on the gold ETF has resulted in physical gold metal being purchased on the open market and stored in a vault. In total, these gold ETF's have contributed to 250 tons of gold being purchased in the open market, approximately $3.4 billion dollars.
Impact of Silver ETF
Fortunately we do not have to look back very far to see the impact a significant amount of allocated silver would have on the market. It was 1998 when Warren Buffet purchased over 100 million ounces of physical silver and the spot price rallied over $3 dollars and one month lease rates soared over 30%.
Commodity markets such as Palladium have proven that consumers will search for alternative sources to substitute their need for metal if the market becomes too pricey or illiquid. As it is, silver can be an illiquid market because there are few central banks which own silver. Silver is inexpensive in terms of commodities, and its volatility is typically 2-3 times that of gold.
These are both reasons investors are drawn to the market. A silver ETF would only exaggerate silver's illiquidity given the sheer volume of physical silver needed to be shipped and stored. While a silver ETF might initially provide price benefits for producers, we believe it would disrupt the market in the short term and may harm the market in the long term.
- SKU
- Dimensions (mm)
- x x mm
- Weight (g)
- Year
- 1981
- Gold Coins
- No
- Silver Coins
- Yes
- Platinum Coins
- No
- Mint/Proof Coins
- No
- Uncirculated Coins
- Yes
- Certified Coins
- No
- Bi Metalic Coins
- No
- Coin Collections
- No
- Colours
-
A COLLECTORS MUST HAVE SILVER ONE OUNCE
MINTED FROM THE STRATEGIC SILVER STOCKPILE IN 1981
FROM THE U.S ASSAY OFFICE IN SAN FRANCISCO
THE OBSERVE SAYS MINTED FROM THE STARTEGIC STOCKPILE SILVER FORMELY STORED AT U.S ASSAY OFFICE SAN FRANCISCO,1981.
IT BEARS THE LOGO CC
WHICH STANDS FOR CONTINENTAL COIN
THE RESERVE SHOWS A BEAUTIFUL EAGLE IN FLIGHT WITH THE US FLAG WAVING TO THE LEFT.
IT IS STAMPED .999 FINE SILVER ,ONE TROY OUNCE,31.1 GRAMS
SILVER TRADE UNIT
SO MUCH HISTORY BEHIND THIS COIN
ONE COIN IN THIS AUCTION
Issue: Silver Exchange Fund Transfer (ETF)
Silver Market
Between 1966 and 1970, U.S. Treasury sales of silver were a major secondary source of supply. Because silver had been a U.S. monetary standard along with gold, the U.S. government held the world's largest source of secondary supply in an effort to meet a growing production/consumption deficit. In 1965, it appeared that in less than two years the Treasury would effectively lose control of the price of silver. If silver had been allowed to rise above $1.40 per ounce, the silver content of U.S. coins would have been worth more than their face value, causing them to disappear from circulation. Under the Coinage Act of 1965, Congress eliminated the use of silver in coins and authorized the mining of cupro-nickel substitutes and the sale of silver to the public. The right of holders of U.S. silver certificates to redeem them for silver was suspended in 1968. The following year, a federal ban on the melting of U.S. coins was lifted, freeing anywhere from 400 to 700 million ounces for secondary recovery.
In late 1970, the General Services Administration was authorized by Congress to release the national strategic stockpile of silver to the Treasury Department, primarily for coinage of new commemorative silver dollars (40 percent silver content). The same act provided for the auction of approximately 3 million old uncirculated silver dollars (90 percent silver). In 1973, the Cost of Living council freed commercial-grade silver from price ceilings imposed the year before to allow domestic silver to advance to current international price levels. Silver has reacted erratically to world political and economic news in recent years. The New York spot settlement price for silver has ranged from a low of $3.92 in 1975 to a high of $48.70 in 1980.
In the early 80's, the U.S. government's strategic stockpile of silver was locked in by law at 139.5 Moz. Congress has since authorized legislation to dispose of these stockpiles. In late 2000 the U.S. Defense National Stockpile Center delivered its remaining stockpile of nearly 15 Moz to the U.S. Mint for coinage programs. Since 2001, the U.S. has had to purchase silver for its coinage programs from the open market. This has boosted silver consumption by 1% annually.
Background on ETF
An ETF is an Exchange Traded Fund, created under the Investment Company Act of 1940. They are index-based products, which hold a portfolio of securities that is intended to provide investment results that, before fees and expenses, generally correspond to the price and yield performance of the underlying benchmark index. In the case of a Silver ETF, the index would track the silver price and be backed by physically vaulted silver. Gold ETF's gained popularity in the recent commodity bull markets as investors were attracted to an alternate form of gold investment other than mining shares, options, futures and physical. Many are interested in gold from a 'buy and hold' perspective. Each unit that is bought on the gold ETF has resulted in physical gold metal being purchased on the open market and stored in a vault. In total, these gold ETF's have contributed to 250 tons of gold being purchased in the open market, approximately $3.4 billion dollars.
Impact of Silver ETF
Fortunately we do not have to look back very far to see the impact a significant amount of allocated silver would have on the market. It was 1998 when Warren Buffet purchased over 100 million ounces of physical silver and the spot price rallied over $3 dollars and one month lease rates soared over 30%.
Commodity markets such as Palladium have proven that consumers will search for alternative sources to substitute their need for metal if the market becomes too pricey or illiquid. As it is, silver can be an illiquid market because there are few central banks which own silver. Silver is inexpensive in terms of commodities, and its volatility is typically 2-3 times that of gold.
These are both reasons investors are drawn to the market. A silver ETF would only exaggerate silver's illiquidity given the sheer volume of physical silver needed to be shipped and stored. While a silver ETF might initially provide price benefits for producers, we believe it would disrupt the market in the short term and may harm the market in the long term.
Shipping provider | Shipping to Australia | Shipping to rest of world |
---|---|---|
FedEx | $12.00 / 3 days | $39.00 / 7 days |
Australia
FedEx is discounted to $12.00 on orders with 2 or more items
Rest of the world
FedEx is discounted to $39.00 on orders with 2 or more items
|
||
Registered Shipping | $9.00 / 7 days | $16.00 / 14 days |
Australia
Registered Shipping is discounted to $9.00 on orders with 2 or more items
Rest of the world
Registered Shipping is discounted to $16.00 on orders with 2 or more items
|
-
Positive
Received 3rd July.Very quick shipping and postage. Nice coin for my collection. I would have liked either a receipted invoice or a normal receipt for the price paid in $AU for my paperwork.(which is normal proceedure on Ebay)
-
Positive
Perfect, fast shipping and compliant product. THANKS !!
-
Positive
Perfect, fast shipping and compliant product. THANKS !!
-
Positive
Perfect, fast shipping and compliant product. THANKS !!
-
Positive
Perfect, fast shipping and compliant product. THANKS !!
-
Positive
Product is as shown and fast delivery! Good seller
Why are users outbidding themselves?
When a bid is placed, this is the maximum amount a user is willing to bid for the product. Our system will then automatically bid on that users behalf, incrementally increasing the bid to maintain their position as the highest bidder, up to the specified maximum.
When there is an icon indicating 'Auto Bid,' it means our system is actively placing bids for the user based on their maximum bid. This may appear as if users are outbidding themselves, but it's simply a result of the system updating the bid to reflect the users maximum limit.