LOT #3480 |
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Undated Unparted Nevada Bar....
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Sold on Aug 1, 2008 for:
$5,750.00
Bid Source: Internet bidder
Description
Two Ounce 1860s Nevada Silver Bar
Undated Unparted Nevada Bar. 58.1 gm. 48.4 x 21.3 x 5.3 mm. This bar previously appeared as lot 1614 in the January 2001 Stack's auction, where it was described as "Extremely Fine. The front bears the U.S. Internal Revenue seal at the top. Below are the bar's weight in ounces as 2.02 OZ; its gold fineness as G.027; its silver fineness as S.959; and its value in dollars and cents as $3.66. Along the right side is FINE placed sideways. The whole side is enclosed by an ornamented border. The four short sides are all blank. The back is blank, now, but at one time probably held the assayer's name and possibly also a date, leaving only the border ornamentation. The Internal Revenue seal was ordered to be stamped onto all bars of assayed bullion following payment of a Federal tax assessed on the value of the bullion. The law went into effect on June 30, 1864, and was not lifted until the 1870s, after which assayed bars no longer needed to be stamped. Thus, despite the lack of a maker's name and date, this bar can certainly be dated after June 30, 1864, and before the 1870s. The exact date the law was repealed has not yet been found." This small steel-gray ingot is ideal for the Western collector who desires unique and irreplaceable items.Auction Info
2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 29
Lot Tracking Activity: N/A
Page Views: 1,424
Buyer's Premium per Lot:
15% of the successful bid per lot.
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