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Usvi Ingot Company, Complete Catalog Of Silver Ingots

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Author Previous TopicReplies: 19 / Views: 28,673Next Topic
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USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  4:25 pm Show Profile   Bookmark this topic Add USVI Ingot to your friends list Get a Link to this Message Number of Subscribers
I introduced the story of the USVI Ingot Company in the following two posts.

http://www.coincommunity.com/forum/...OPIC_ID=6033

https://goccf.com/t/50086

Since writing those I have acquired photos of several more of our products.
I am putting them here to make a complete (I hope) catalog of all silver bars and rounds made by the
USVI Ingot Co. aka U.S.V.I. Ingot Co.

All the silver processed by the USVI Ingot Co. was originally large ingots (800 oz through 1400 oz)
stamped Johnson Matthey or Engelhard or occasionally another well known refiner such as
Northwest Territorial Mines.
Silver was supplied by Amark, Monex, or Anaheim Metal Co. Two brothers had attempted to monopolize
the silver market and control prices by buying up huge quantities of refined silver.
They were successful enough that prices began to rise, almost to $50 per oz.
Anti-trust courts ordered them to sell off assets, so many large precious metals
firms stepped in to buy all that excess metal and control release onto the market.
Our job was to convert the large silver pieces into smaller units.

The large bars were cut into chunks, melted in a floor furnace, and poured either into silver shot or
molded billets.
Shot was weighed, then kiln melted in small round graphite trays, creating melted planchets.
Billets were extruded in a huge industrial machine to create ribbons of silver in
various thicknesses and widths, then cut to length to make planchets.
Weight was controlled by varying slightly the length of the cut using an electronic scale to
monitor each piece as it was cut.
All planchets were burnished with stainless steel shot in a tumbler.
At this point the planchets were ready for stamping in a punch press or hydraulic press.


There are some paper ephemera items I remember which are not yet photographed, to my knowledge.
It was promotional material several pages long.
It was printed on white textured paper, was embossed with raised areas.
There were silver foil decals (maybe stickers) that looked like our ingots,
as well as several designs that were never stamped in silver metal.
One of the ingots made in foil and featured in the brochure was
the 1 Oz. flat stacking bar which was produced.

SLIDESHOW
http://s134.photobucket.com/albums/...ew=slideshow

~~~~~~~~~~~~~~~~~~~~~~~~~

Early rounds, 7 known styles

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Quote from an email from Howard Eichen, designer of the early USVI Ingot Co. rounds and company founder:

I'm thrilled that you have kept USVI alive.
I have seven of the original intaglio sculptures that were reduced into coin size steel dies.

1. Roman Head
2. Chariot
3. Sun Symbol
4. Pisces
5. Rams Head
6. Bull
7. Mayan Head


4 reverse dies, early rounds
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots


Edited by USVI Ingot
12/03/2009 9:20 pm
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  6:59 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
Be sure to watch the slideshow! I've included every USVI Ingot Co. product that I know of.

SLIDESHOW:
http://s134.photobucket.com/albums/...ew=slideshow
Edited by USVI Ingot
11/09/2009 7:00 pm
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  7:32 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
Loaf bars stacked as they were designed to do. When I shipped ingots to a customer, they were
first stacked and counted. Silver ten ingots high, ten wide, and ten deep were arranged on a table
to make a group of 1000 pieces. It was a very impressive sight. They were counted by several people
who all witnessed the packing of the shipping can and signed the paperwork. Regrettable I never
photographed the display, so this small grouping I found online shall have to substitute.
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

5 loaf bar designs, designed to stack. Extruded, cut, burnished, stamped.
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

7 examples of loaf bar reverse dies, numbers continue past this point to..?
I've seen as high as 189, but it might go higher.

Numbers 158 through 161 were the same outer die of the two piece die,
only the numbered cylinder was changed.

150 early version, says Anaheim Metal
150-157 one piece,
158-161 two piece, shows double ring
158 protrudes
161 outer die is cracked, number tilted
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

2 styles of bar ingots. flat stacking and loaf bar, extruded planchets
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

C. Rhyne flat stacking bar ingot
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

rear die example, flat stacking bar ingot. Rear dies were acid etched. This particular example has a cracked rear die.
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Edited by USVI Ingot
11/10/2009 11:06 am
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  7:36 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
4 sizes of rounds. One is a prototype I believe, perhaps a very short run of ingots
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

The round in the center was made by USVI Ingot Co. The bar ingots are from Credit Suisse and Engelhard.
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
Edited by USVI Ingot
11/09/2009 9:17 pm
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  7:39 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
10 oz. bars, stacking. Extruded, cut, burnished, stamped, hand numbered
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  7:41 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
100 oz. bars. Extruded, cut, burnished, stamped. Very few made.

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  7:43 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
1 oz. large flat bar. I have no memory of this item
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  8:01 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
Monex products made by USVI Ingot Company, The Silver Eagle and the Trade Eagle.
They were struck on a hydraulic press and have finished serrated edges.
I believe the press and die sets became property of Monex and production moved to their facility.
Planchets were punched from extruded ribbon, weight checked and
adjusted, burnished, stamped. Cleanliness was essential, white glove
clean, because any oil or grease created ghostly marks on the finished ingot.

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
Edited by USVI Ingot
11/09/2009 9:50 pm
New Member
USVI Ingot's Avatar
United States
37 Posts
 Posted 11/09/2009  10:39 pm  Show Profile   Bookmark this reply Add USVI Ingot to your friends list Get a Link to this Reply
One more photo

Original packaging for the early rounds
Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
Edited by USVI Ingot
11/09/2009 10:40 pm
New Member
aaron12b's Avatar
United States
1 Posts
 Posted 05/18/2010  12:50 am  Show Profile   Bookmark this reply Add aaron12b to your friends list Get a Link to this Reply
USVI Ingot,
I have an loaf ingot marked 190 (1981) on the reverse. This is the highest I have found. Came to me in a bunch of other bars/coins. Any idea of the rarity of this?
Aaron
Edited by aaron12b
05/18/2010 12:51 am
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Sap's Avatar
Australia
16804 Posts
 Posted 05/18/2010  04:41 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Hi and welcome to the forum, Aaron.

USVI Ingot doesn't come onto the forum very often, so it might be a while before they reply.

I'm not aware of any premium given to particular ingots; even if some are "scarcer" than others, virtually no-one is collecting them specifically. The ones with themes might appeal to collectors, but the generic bars probably don't.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
jokingjoker's Avatar
United States
2150 Posts
 Posted 05/18/2010  5:17 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply
Aaron, what does the front of the bar look like? Which Design? I have been working on a USVI ingot type set for a few years and could give you an idea of the value, if not I can contact USVI Ingot. I have her email address and get any info you need. Thanks
New Member
United States
1 Posts
 Posted 11/11/2010  8:10 pm  Show Profile   Bookmark this reply Add swiker613 to your friends list Get a Link to this Reply
i recently came into possesion of a silver ingot bar marked Anaheim Metal Co. on the face with a .999 in the center. on the rear its marked one ounce troy with an assay mark of 189 and its marked with a copy right of usvi ingot co 1981 I know very little about this bar or this company any info would be most appreciated thank you.
New Member
Finland
4 Posts
 Posted 09/22/2011  04:29 am  Show Profile   Bookmark this reply Add spwaw to your friends list Get a Link to this Reply
I have 3 anaheim bars, number that USVI Ingot dont have and one of them, number 193 has no A and S letter at all ?

Are these bars genuine?

Usvi-Ingot-Company,-Complete-Catalog-Of-Silver-Ingots
New Member
United States
1 Posts
 Posted 03/09/2015  11:45 pm  Show Profile   Bookmark this reply Add Larry Large Stacks to your friends list Get a Link to this Reply
Just checking in to keep this forum alive. I am an avid collector of the USVI silver bars and wanted to connect with others that collect too. 5 years since the last post is a long time. Are any of the folks that started and contributed to this topic still around?
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Itamae's Avatar
United States
24 Posts
 Posted 03/23/2025  11:08 am  Show Profile   Bookmark this reply Add Itamae to your friends list Get a Link to this Reply
I collect these too. Anyone have a source to buy other than ebay?
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