Bad SouthEast Asia silver bars
CaptHenway
Posts: 32,119 ✭✭✭✭✭
One of the big California dealers on our dealer-to-dealer network ran this today:
"Please note we are seeing bad silver bars coming in melt lots.
The specific bars we have tested are Vietnamese type bars,
commonly called "10 Lang" "Banana Bars" "Opium Trade Bars"
"Ngern Rong" "Tael Bars" etc. These bars over the years were
refined out to .991 or better fineness. Now they are bringing
as little as 10% or less silver.
This is just a heads up when you are buying these bars to be
VERY careful."
Don't think I have ever seen one of those myself, but I mention it for the benefit of people who collect such bars.
TD
"Please note we are seeing bad silver bars coming in melt lots.
The specific bars we have tested are Vietnamese type bars,
commonly called "10 Lang" "Banana Bars" "Opium Trade Bars"
"Ngern Rong" "Tael Bars" etc. These bars over the years were
refined out to .991 or better fineness. Now they are bringing
as little as 10% or less silver.
This is just a heads up when you are buying these bars to be
VERY careful."
Don't think I have ever seen one of those myself, but I mention it for the benefit of people who collect such bars.
TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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