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Does Anyone Remember The Silver Bar Craze Of The Mid-1970-S?

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Pillar of the Community
jpsned's Avatar
United States
2200 Posts
 Posted 05/01/2018  11:06 pm Show Profile   Bookmark this topic Add jpsned to your friends list Get a Link to this Message Number of Subscribers
Soon after I began collecting coins in 1972, ads for silver bars with fancy designs on them began flooding the marketplace. They were one ounce, .999 fine bars of pure silver.

It got so ridiculous with the number of designs and different themes, it reminds me of the myriad reverses on the Washington quarter ever since its rear end was hijacked in 1999.

Anyway, I bought one 40 years ago just for the novelty. Haven't looked at it much since, except only by accident.

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Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 05/02/2018  02:47 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Yeah, I do.
For a few months, I became a walking encyclopedia on the ASW of most World and Australian junk silver coins that were commonly available.

I cherry picked my way through a few thousand World silver coins, and was able to make average purchases at around 70% to 80% of the silver value for most coins.

Luckily enough along the way, I also found a few decent silver coins with a decent numismatic premium, for which I was able to obtain for little over their silver value.

I sold the junk silver, and bought some nice numismatic World silver coins with the proceeds, and those coins remain in my collection.

I did buy a half Kilogram poured silver bar as the silver price was rising, and sold a little too late after the silver price peaked. I broke even, and was lucky enough to just get away with that one.
Two things learned:
1. Never speculate on the bullion value, and
2. Stick to numismatic coins, and forget about their bullion value. Just cherry pick to buy well, and only buy below market value for a particular coin, across the whole of numismatics. By casting your net wide, bargains are easier, and more numerous to find.

Three cheers to the Hunt Brothers for setting the whole scene up in the first place for me.
I am not expecting this to happen again in my lifetime, at least.
Edited by sel_69l
05/02/2018 03:03 am
Valued Member
United States
338 Posts
 Posted 05/02/2018  07:58 am  Show Profile   Bookmark this reply Add nutmeg to your friends list Get a Link to this Reply

Yes I still have some of those art bars.
Valued Member
everything's Avatar
United States
493 Posts
 Posted 05/06/2018  5:08 pm  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
No, but my local LCS owner thinks I'm a fool for collecting any old low mintage art bars, he puts them in the junk bin.
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