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1981 IDC Verified 1oz U.S. Assay Office Round GSA Hoard ICG MS66 - Population 17
Population: 17
Product Details:
This US assay office silver was released in 1981 in order to counter the moves made by hunt brothers to drive up the price of silver. At that time, the Defence Logistics Agency had a large quantity of stockpile silver. Meanwhile, hunt brothers were hoarding silver trade units. This allowed them to set artificial prices for silver.
At the beginning of 1981, the silver market was dealt a serious blow. The rising price of silver and global recession significantly decreased the investment demand for silver. This caused a decline in demand for industrial silver.
So, the United States assay office had to flood the market with the stockpiled silver in order to bring the prices down. The 1 oz silver bullion released by the assay office has 0.999 purity and is still available in the market. They are not commonly found in the market. The US essay office was abolished before 1981.
IDC Verified:
IDC Verified Diamond Labels mean the authenticity has been verified by IDC professional numismatists before and after grading allowing the collector to feel secure with any coin or precious metal purchase.
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