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United States Mint "Grease Bars"

Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
in Precious Metals
I have three of these ugly bars on hand and was wondering if anyone knows much about them. I found one sold on ebay back in Feb for about $4 over spot.

Comments

  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭
    What are they? Any pictures?

    My Adolph A. Weinman signature :)

  • johnny9434johnny9434 Posts: 28,334 ✭✭✭✭✭
    yeah, what overdate said.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    I've seen them. Poured bars with the weight and fineness marked on the bar with a grease pencil produced during the period of silver certificate notes being redeemed by the US Treasury. I don't care for them since they are easily faked and need to be assayed to verify their authenticity.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • KISHU1KISHU1 Posts: 2,118 ✭✭✭
    There is a good article regarding the grease bars

    www.onlygold.com/articles/ayr_2007/A_Modern_Silver_Story.asp

    This will give you most of the info you need

    I was a small boy when my father took us to New York to redeem silver certificates for a silver bar that weigh approx. 100 ounces. They were various weights and purity from 90% to 99.9% pure. Most of the grease that they used to mark the weight is worn off and I have not seen one that is readable

    Read the article its very interesting

    Frank D.
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