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In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
Another example of this rare first-issue coin reached a sale price of over $2.8 million. Its value is attributed to its age, design and the limited number of coins produced.
In July 1981, the House and Senate agreed to allow the sale of 75% of the stockpiled silver (105.1 million troy ounces) over a three-year period, [5] and in September the price of silver fell 11% in response. [13]
Silver prices since 2000 until April 2015. Price quotes given in USD per ounce. Date: 21 April 2015: Source: based on www.kitco.com; using price quotes for silver .
An American silver coin dating back to the 17th century, before the United States was founded, has sold for a record-breaking $2.52 million at auction, eight years after it was discovered in an ...
Liberty Silver Doubles in Value and Trades over $20 Million Shares in September PLANTATION, Fla.--(BUSINESS WIRE)-- Renowned and respected investment advisor and founder of Midas Letter (www ...
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