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Author	Replies: 4 / Views: 6,973
fiddle-fart New Member United States 26 Posts	Posted 02/17/2008 1:45 pm greetings going through my coins I came across some coinage ( for lack of better words) that states " minted from US Strategic stockpile silver" they have a date of 1981 Backside has 1 troy ounce 31.1 grams .99 fine silver Silver trade unit what is it any value thanks Report this Post to the Staff

GO Moderator United States 6563 Posts	Posted 02/17/2008 1:48 pm it's called a silver "round" it's worth what it's said...1 troy ounce of silver...being around $17.00 an ounce right now Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 02/17/2008 2:11 pm "US Strategic stockpile silver"? I guess someone in marketing "coined" that term to make it sound official? The US Treasury once had a huge stockpile of silver--I'm not sure if it was ever "strategic" though! This was posted this in the Canadian forum, so perhaps a mod can move it over? Report this Post to the Staff
livingdinasaur Pillar of the Community United States 1571 Posts	Posted 02/18/2008 1:06 pm KurtS, silver has always been a "strategic metal, as is gold, platinum, and palladium. The main reason is CHINA! They are using huge amounts of all bullion, these days the same may be said for INDIA. graceoutcast said: it's called a silver "round". I would add that they also have "bar" availavle. I think Englehart, is the producer. Dick Edited by livingdinasaur 02/18/2008 1:12 pm Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 02/18/2008 1:43 pm Dick, I guess I have a different definition for "strategic", referring to a resource that cannot be adequately obtained within one's country if a war increases demand / restricts intl. supply channels. Petroleum is one of those "strategic reserve" resources, and I imagine a few metals too that we cannot adequately mine in the US (titanium, an aerospace metal might be one.) We have an adequate source for silver in the US, but who knows...it may be one too! I recall that India is one of the world's largest hoarders of silver. Traditionally, it has been a way to store one's wealth. This may apply to China too--I haven't read anything on that. Report this Post to the Staff
	Replies: 4 / Views: 6,973

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