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10.14oz New Hope Gold & Silver c.1980-81 .999+ Silver Bar, SN: G42 *Scarce!* (Tax Exempt)

Currency:CAD Category:Coins & Paper Money / Bullion - Silver Start Price:1.00 CAD Estimated At:600.00 CAD and UP
10.14oz New Hope Gold & Silver c.1980-81 .999+ Silver Bar, SN: G42 *Scarce!* (Tax Exempt)
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Edge stamped SN. This bar carries a unique history tied to the now-defunct New Hope Gold & Silver, which operated out of Bucks County, PA. The company was dissolved in 1981 when its owner, Richard James, was arrested for defrauding investors of nearly $900,000 by claiming to hold physical silver for clients when some of that silver didn't actually exist. Founded in 1980, the company’s collapse was triggered by the plummeting price of silver, leading to James's arrest and a two-year prison sentence for theft and conspiracy. At the time, it was considered one of the largest fraud cases in Bucks County history. This bar is a storied testament to the company’s turbulent past, making it an intriguing piece for any vintage silver collector!