Old silver bullion of 1 ounce size and fractional pieces were produced by private mints worldwide before the year 2000. The year 2000 distinguishes modern collector silver from vintage silver solely, and this is for classification purposes.
The year 2000 is used only for classification purposes to distinguish between modern valuable silver and vintage silver. Modern is defined as everything created after 2000. In a few situations, such the Norfed issues, the majority of the rounds in the series were minted after 2000. In a series like this, each round, no matter when it was coined, will be considered "modern".
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From 1974 until 1983, Columbia Mint operated as an investment firm for precious metals. David and Francis Margulies owned and operated multiple firms, including this Delaware-based company. They made a considerable number of silver art bars in the middle of the 1970s.
1982 Columbia Mint George Washington Silver Round
In 1982 the Columbia Mint created the sole known 1 Oz silver round, a commemorative 1 Oz proof-like round from 1982 honoring George Washington.
This is the only known silver round produced by the Columbia Mint.
The obverse depicts George Washington with the date below. Stars fill the gaps.
The reverse is the Presidential Seal of the United States. The dates 1732 and 1982 are found below. The words "Tow Hundred Fiftieth Anniversary" is inscribed above. The weight and purity are micro written across the top of the seal.
The "C" over a "M" is their mintmark of Columbia Mint. It is found on the left side below the wings of the eagle.
Source
The Columbia Mint started to replicate small gold pieces, such the 1908 St. Gaudens, in the early 1980s. In their marketing, they frequently made false claims, such as saying that the rounds and medals were made with US government approval. As a result, they were sued by the US government, and the business failed.
Like other bullion pieces, antique silver rounds and bars are available in a variety of sizes and finishes, but they are also getting harder to find. A few of the most well-liked bars can come in multiple varieties and with mintages of less than than 500 pieces. A significant quantity of historical silver was melted down in the 1980s.
These are the vintage rounds I have recently shown:
Reference
https://en.numista.com/catalogue/mint.php?id=5110
https://www.worthpoint.com/worthopedia/columbia-mint-miniature-gold-coins-427365014
https://agroundworld.com/pshop/vintage-collectible-silver-rounds-122
https://about.usps.com/who-we-are/judicial/admin-decisions/1987/22-165.htm
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That's what I heard as stories from some senior local coin club members here. The 1980 Hunt Brothers silver price boom led to untold silver coinage, sterling wares, bars , etc flooded over the border to Washington to be refined into bulk investment grade silver. Who really knows what rarities have been lost that year.
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It's sad to think about how much art was just melted down all in the name of profits...
I am doing my part, so to speak, to 'save' the vintage pieces, while at the same time buying modern coins, bars, and rounds, in both gold and silver... until I convert some of them to gold, lol!
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lol @silversaver888 I guess the qualifies me as an old collector ( Pre 2,000 )😇
Sounds like the Columbia Mint got itself quickly in hot water with the U.S. Government! They certainly don’t want anyone trying to replicate U.S. Gold minted coins! 😮
They are selling for high prices, @silvertop !
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Wow…. I can see why there’s high demand and higher premium for this one, with limited minting @silversaver888!😮
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Interesting piece.
Yes, so interesting!
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I would think the scarcity of this would make it more valuable. It is so sad though, that historical silver was melted down in the past. I do wish I still had all that change I found in my aunt and uncle's 'davenport' as they called it, when I was a kid. They used to purposely hide change there for my brother and myself to find. We would then take it home (silver, mind you) and put in the piggy banks we had. Unfortunately, I believe my parents actually spent that change as I don't recall every spending it or taking it to a bank. The piggys were kept up on the top of the kitchen cabinets where we could not reach them. Oh well........
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Oh, trust me! I can spend it too, but try not to so much. Saving is a good thing indeed! Much love!🤗😘😍💞🌸 !LUV
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That's a pretty cool round he looks better on the round than on most coins 🤣
Are you sure?
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All these silver coins are looking very beautiful but the eagle design is my favorite design, this coin is my favorite.
I know that you love eagles, my friend!
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Thanks alot.
That is so nice! There were so many short lived mints in the 70's and 80's that produced such fine work. That is a beautiful round, I'm sure they're hard to find these days. Great pick up!
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They are to come by, so when I see them, and the price is reasonable, I pick them up!
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