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Lot 8167¤

Silver Ingot

3 December 2006, 11:00 PST
Los Angeles

Sold for US$1,792.50 inc. premium

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Silver Ingot

Silver—along with gold—has a 6,000-year history of surviving wars, economic chaos, and financial disasters. Its recognition and appeal is universal. While many people think first of gold in connection with the term "hard money", in reality, a far greater number of people have used silver for money than have used gold. In at least 14 different languages, the words for silver and money are the same. In the United States, gold coins ceased to circulate as money with Roosevelt's 1933 call-in. However, the U.S. Mint continued to turn out silver coins until 1965. Silver bars, also called ingots, have emerged as the most popular way to invest in silver. Their compact, uniform size and ease of handling, enables investors to secure a great deal of wealth in a relatively small storage area. Bars, such as the present one, with recognized hallmarks are readily accepted for resale, making them easy to convert to cash. The silver bars offered by CMI, (one of America’s oldest gold and silver dealers, established in 1973), are 999 fine (99.9% pure), which is the industry standard, bears the insignia of CMI. Weighing 100 ozt and measuring approximately 7 ¼ x 1 5/8 x 1 3/8in

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