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1876 Mystery Silver Ingot. Engraved & Stamped. Writing On It. Can You Solve Mystery If It's Origins?

Critterhunter

New member
A friend of mine picked this up from an estate sale for it's scrap weight, but couldn't bring himself to scrap it based on it's possible (?) history. He has searched the web but can find nothing in relation to it. I haven't looked in the dark corners of the web myself yet to see if I can find anything on it, but just the same I figured a good place to start would be right here in this forum, because I know many of you guys seem to really enjoy trying to track down and identify items of mystery and any possible historical information and rich history of such things.

So here ya go, a pic, along with a description of what is written on it. He said some of the things are engraved while others are stampings...

Maxon
June 28th, 1876
Stamped on other side is...
OZ 4.92
Silver 987 Fine
$5.28

And the pic below...
 
I wouldn't be able to destroy that for $160'ish either. I would guess it was a gift given on the date engraved and Maxon was the recipients last name. It could be a birthday or Wedding day, ect. The probability of information from that event being on the interent is slim at best. Someone desired to purchase a gift for someone and had an engraver personalize it. It surely made an awesome gift! And they must have apreciated it to never melt it.
 
Yea, my friend had speculated that perhaps it was a setting for a wedding party or something. I've found a blurb about a rich family with that name who gave birth to a child I think 3 days later. Didn't silver traditionally be given for baby showers? Then again 3 days away is cutting it close. But, I know it's a stretch but I was thinking perhaps it was ordered the day the women went into labor thinking she'd give birth that same day.

A friend of mine has been doing some research tonight and latest word is that besides the year being the centennial, there were numerous silver bars issued in that honor with the year stamped on them, and those can be worth quite a bit of money. Further, he ran across a site that specializes in auctioning silver bars and ingots in relation to that, but also ones of historical significance to that of silver mines such as the Comstock load, which has many mines working it, and I think he said (?) that year is when that silver was either discovered or waging it's biggest year of production from all those mines. He said that many of those bars he found on that auction site, stamped with the mine's names or such, were going in the range of $20,000 to $26,000 to as high as $86,000, and of the same weight class as this one. But, by the same token, he said he's ran across a few that are only going for the $500 on up range.

So, it's still a mystery as of yet. If anything it's at least worth much more than it's scrap value, but it's always fun to dream, ain't it? There is at least a *possibility* it might be worth a small fortune if that name is attached to the right part of history. If it's a family name then probably not much value there unless they has a historical significance, but if it's attached to say a small mine on say the Comstock or something....Could be big money there.

If anybody can come up with anything we sure would appreciate the input, and if I find out anything on my end I'll relate it to you guys. Who knows, if somebody can buy a priceless painting for $2 at a garage sale, stranger things have happened...
 
Odd to be marked 987, The low end for coin silver. Have you or your friend found any bars being sold marked 987?
4.92 Oz = 4 troy Oz.
What are the measurements of your bar.
 
Hey, I hit "Report" on your message instead of reply by accident. I don't think it does anything unless you continue on but if it does then I'm sorry for the mistake of hitting the wrong button.

Anyway, I'll try to get you some measurements of it. I'm wondering if the lower silver content means it looks more like evidence to support it being mined and refined right in some wild west town on and near a silver mine?

I was also thinking...Could be a very small mine produced it and that's why it's harder to find the name of it, but if it's related to say the Comstock then that might still mean big money, because I think (?) my one friend investigating silver bars said some of them were priced high only due to only a few of them being known to exist, even if they weren't from one of the more known historical mines on I think the Comstock or something.

I was also thinking...Perhaps the date signifies the day some guy struck a large vein of silver on his claim and made a fortune. Again, if his mom and pop one man mine was on the right silver load (like say all those mining the Comstock), once again based on the rarity of examples of ingots from his little mine, might also translate to big money. Think about it...Coins of various types aren't exactly attached to anything of "big" historical value usually, but based on their rarity in numbers available often that sets the price of how valuable they are.
 
.987 is higher than any 'coin silver' content. .800 common in Canada, .900 common for USA, ect. Albeit, ingots, rounds and bullion is usually higher. In 1876, it could be that not all the mines had a refinery capable of refining beyond this content or was not cost effective beyond this point. Back then, silver and gold didn't have to be in coin form to be spent in town as long as the store had a scale and chart to calculate purity. .500 silver is just as good as .999 as long as you know the purity and weight, both specified on the bar.
 
3 days wouldn't be cutting it too close if the baby came earlier than expected. How close could they predict a birth 135 years ago. But why put the day and month on it at all, if it wasn't the day the child was born. The paper could also of gotten the date wrong.
 
Well guys, I want to thank you all for any input or research you may have done. Here's the latest, with of course names stripped to keep things anonomous. One of our local hunting friends seems to have found something and it *could* be the thing dreams are made of...

"Maxon was a silver mine in Nevada during the 1870
 
We are still trying to confirm if this bar came from that mine, and so far we have only found one small reference to such a mine by that name in Nevada, so if anybody can dig up anything else please let us know.

The friend who owns the bar said one of his concerns is that it had a lot of work put into it other than just pouring out an ingot as was typical at a mine's refinery or in such a small town perhaps processing them. I told him that the possibility is that maybe that date is when they struck a huge vein of silver, so the mine owner wanted to make up a special one to celebrate that and sent it to a silver smith to pretty it up. My friend (the one with the bar) said for some reason he suspects it was a dinner placement for say a wedding party or something. So then I threw this one at him...Maybe it was a dinner placement setting, but for the mine investors having a dinner to celebrate some big vein they struck when they all knew they were going to be very rich men.

Any of those things mine related would seem to mean big money. If it was just for a wedding party, I wouldn't think it would be worth nearly as much (but at least something), unless the family getting married had historical significance. That's why we are all hoping in turns out to be an ingot from that mine my one friend located a small reference to, and was dolled up for some special reason concerning the mine. My friend with the ingot does have some knowledge of working with rare metals, and said that he knows this much so far- the ingot was ordered or made by somebody with money, because that kind of hand engraving and that much silver didn't come cheap in that day and age.

So the mystery continues, with a few possible leads that mean it *might* be worth a big chunk of change. Coins, for instance, aren't always valuable due to some historical significance, but rather the rarity of the coin in the number of known existing ones available. If this bar is naming a mine it represents, then that might mean very good things as to it's value, because we thus far can find no silver bar examples on the net with that mine's name attached to it.

Nevada was historical in it's importance to silver mining and has a rich history to that. So even if this came from a small obscure little mine as part of that whole experience of silver loads in Nevada, it could still be worth a very pretty penny due to the rarity of it. Like getting a 1916 mercury dime versus one with a "D" mint mark. There are other dimes of that year, but only one with the rarest mint production. I would figure it would be the same thing with silver ingots mined during the glory days of wild west hero's and silver/gold production. The more rare existing known examples of various ingots from different mines, perhaps the more money they may be worth?

More updates as they come, and if anybody has motivation to pursue this mystery further, feel free to have at it and post anything you can find. As we all know, depending on how you creatively word search terms, where you look, and how you look, the net isn't always easy giving up it's information. So far one friend has only been able to find one small reference to a mine by that name in Nevada. Thanks again...
 
Things are looking potentially great about the prospects of the value of this ingot. My friend called me last night and said he shot some pics to an auction house that specializes in this sort of thing (silver bars). The auction guy immidiately called him and said "You've got a very nice item here". What makes me think he's serious is he told my friend that they are going to pay for shipping and insurance to evaluate it for free, with no obligation to auction it through them. I doubt they throw money down a rat hole paying to have items shipped and insured to them if they don't think there is much value there, and this place is a high end auction house. He told my friend the potential value is in the "four to five figure range", which would mean thousands if not ten's of thousands perhaps. I'm sure they have the resources like old books and such to research it like we can't do on the net. If it's a rare example of an ingot from any mine in Nevada then it could mean big money perhaps, because often coins aren't valued on historical signifigance, but rather on rarity.
 
We're all crossing our fingers for you! Great thread!
 
Thanks. A bit further update. My friend said the auctioneer who called him after seeing the pics only a few minutes said the auctioneer emphasized "that you have a VERY nice piece here!", and it's a high end auction house who specializes in silver bars or ingots of great value.

They/we are sepeculating that since the silver ingot was done up so nice, that it was more than a typical ingot from a mine, but rather the date signifies a special celebration to stock holders in the mine for a rich silver vein strike. If that is true it means even more money. I *think* my friend told me that the acutioneer said the name on the bar might not be the mine, but rather the name of one of the stock holders in the mine who was presented with it, but since it's still an ingot from the mine it's still got historical value, and in fact more of a value being a special offering in celebration. Perhaps, like we speculated, it was dolled up for place settings for each member of the stock holders at a celebration dinner having struck it rich with hitting a big vein?

Either way, I was looking at a somewhat similar silver bar presented to mine stock holders as a dinner placement that was flatter/wider than this but I think roughly the same weight, and this flat bar had a ton of scratches on it. Opening value estimate was $15000 to $24000 or so. Opening bid was $29000 and it's still up for auction.

Yes, we all have high hopes for our friend!
 
It's with one of the auctioneer's experts now for researching, and this guy specializes in silver and gold ingots such as this, so it's in very good hands. No word yet on it's proper origins, but if they get done in time and it's got the value we think/hope it has, we are expecting it to go into the next auction catalog made a month ahead of time to be auctioned finally in January. Way I hear it they put together a catalog about a month out to mail to their clientele and then hold the auction about a month later. I'll update you guys when any further information rolls in on it's history and such.

Right now the best initial guess of the expert was it was a presentation piece to either the mines foreman or to one of the shareholders, and that the date represents the day of a big silver strike in the mine. The name on the ingot might not be of a mine, but rather of the person it was presented to. Presentation pieces such as this are of the highest value usually, and price is often based on rarity (existing examples). The less there are, the more it's worth. Often these pieces were also used as place settings at a celebration dinner for the stock holders of a big strike. All of this could mean a very nice value, or so we are hoping...
 
good luck I hope yall hit it big.
 
First the pics again to refresh your memory on this ingot...
[attachment 252891 addon.jpg][attachment 252892 addon2.jpg]
My friend just called me with an update on the silver ingot to pass along. I think he just paid scrap value for it from somebody looking to scrap it if I remember right, but either way I know he didn't pay much for it.

The researcher for the auction house, which (this auction house) specializes in selling rare silver and gold ingots and bars, called him and said the name on the bar is the name of the mine, and that it operated from 1873 to 1915 and recovered silver, gold, led, and copper. The researcher said the 1876 date on the bar (only 3 years after the mine opened) probably was in celebration of a large silver strike in the mine on the date put on it. I wonder if it was presented to stock holders, the foreman, or perhaps used as place setting presentations at a stock holder celebration dinner or something?

Anyway, the catalog is printing right now and I think he said the auction for that catalog opens on Jan. 22nd if I remember right.

ARE YOU READY TO HEAR THE *CONSERVATIVE* ESTIMATED VALUE? The guy told him they always price their items CONSERVATIVELY. $8,000 DOLLARS! Now we all get to bite our fingernails until we find out what it ends up going for at auction.

By the way. I forgot to ask my friend if the auctioneer told him if this mine is part of the Comstock load. That might increase it's value even more to bidders. I just shot my friend an Email asking what state and area the mine was located to find out about that. I'll update you guys as further news happens.

PS- This bar/ingot is smaller then the pics imply. I forget the exact weight (it's stamped on the bar and you can see it in the pic) but when my friend still had it in his possession before sending it to the auction house he handed it to me and I was shocked at how small it was based on the impression I got from the pictures. If I remember right it's about the length and width of a pack of gum roughly/vaguely, but about the height of perhaps two packs of gum or maybe three stacked on top of each other. How's that for a very rough rule of thumb measurement in lay men's terms. :biggrin: Best I can do...:shrug:
 
Yeah! Thanks for the update..I remember your original post about this and have been wondering about it! You are right, it does give a spark of hope on every signal...Mud
 
Great News!!! I hope it sells for big bucks!! GL HH.
 
Why did this reappear... Thought it was old and answered long ago...
 
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