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SILVERTOWNE L.P.


ALL
 ENGELHARD
 
is pleased to welcome visitors to our SilverTowne L.P. Definitive Page.  While our focus is clearly Engelhard, we recognize that many Engelhard bullion collectors also collect other bars and ingots. As such, we appreciate the opportunity to present important bullion information and look forward to your thoughts and input.


SilverTowne LP was founded in 1949 by Leon Hendrickson, and grew from a small coin shop to become one of the largest retail bullion and precious metals dealers in the country. What most folks don’t realize, however, is that SilverTowne produced a very limited and relatively short-lived run of poured silver ingots beginning in 1973, mostly serialized, that are just now gaining attention in the collector world.

Based on our extensive serial number database, we have conclusive evidence that SilverTowne used a single serial number run that was shared by all ingot sizes without duplication, with a total of only approximately 75,000 ingots produced some 40+ years ago. Without doubt, a high percentage of these ingots have been melted over the years. Please note that the serial ranges below are shared between multiple sizes of ingots, so actual mintage numbers will be less than the span of the range, and to be sure, many did not survive the great melts so actual surviving examples are likely far less.

EXAMPLEOBVERSEREVERSECOMMENTARYSAMPLE
SERIAL
NUMBERS
ESTIMATED
MINTAGE
IMG_7795-1[SilverTowne Hallmark] [5 OZ.] [.999 FINE]
[Serial Number Assignment]
1st series 5oz class ingot produced by SilverTowne.  Ingots of early serial number assignment demonstrate a plain reverse while ingot 10068 demonstrates a lined reverse.  The serial number assignments for these 1st series ingots were random throughout the range.  Size differences between all three series are demonstrated in the photo below, with 1st series being decidedly more wide than the others. 
Screen Shot 2017-12-29 at 9.51.27 AM
00050
00068
01369
10068
<100
Screen Shot 2017-12-29 at 10.27.48 AMScreen Shot 2017-12-29 at 9.51.27 AM[SilverTowne Hallmark] [5 OZ.] [.999 FINE][Serial Number Assignment]2nd series 5oz class ingot produced by SilverTowne.  These ingots were produced in both lined-reverse and flat-reverse throughout the serial number range, both pictured.  Ingot width is approximately ⅛” narrower than 1st series.  SilverTowne used many slightly different casting moulds and cooling trays in their production of these ingots.  In an All Engelhard case study of 100 2nd series ingots, we found 30 examples with inverted serial numbers of random serial range assignment.  This suggests the inverted serial assignment was perhaps a production oversight, though not terribly uncommon.  Mintage estimate on these inverted serial number examples is <2,250 of the total <7,500 produced.

It is rumored that three [3] 5oz class ingots were erroneously stamped with serial number on the obverse, while the hallmark, weight class and purity stamps were placed on the reverse.  This is demonstrated in the photo of ingot 00052, below.  Ingot 04813 has also been documented to show this reverse stamping anomaly.  It is also rumored that a few 10oz class ingots were stamped in similar variation, though we have not yet observed such an example.
Screen-Shot-2017-03-21-at-12.41.47-PM-300x270
00052
00245

00547
01896
03689
04813

06340
08826
10494
12731
14847
17516
<7,500
Screen Shot 2017-12-05 at 5.41.44 PM[SilverTowne Hallmark] [5 OZ.] [.999 FINE]Cast Finish2nd series 5oz class ingot produced by SilverTowne in serial absent variation.  We have been informed by a collector that perhaps 15 of these ingots were reportedly produced.  To date, we have documented three examples.Serial Absent<15
Screen Shot 2017-12-29 at 10.32.43 AM[SilverTowne Hallmark] [5 OZ.] [.999 FINE][Serial Number Assignment]3rd series 5oz ingot produced by SilverTowne.  Demonstrates a plain reverse with serial number assignment and is the most narrow of all three series.  Estimated serial run of 18000-29999.
00052
04813
18312

19718
21531
22761
23025
24264
28752
<5,500
10oz Obverse 1 10oz Reverse 1
IMG_8911Screen Shot 2018-03-19 at 7.24.03 AMSilvertowne 10oz 60971 2
[SilverTowne Hallmark] [Serial Number] [10 OZ.] [.999 FINE]Cast Finish1st series 10oz class ingot produced by SilverTowne.  Demonstrates a waffle pattern reverse, which varied throughout the production run.  Estimated serial run of 00001-65999.
IMG_8910
00005
00069
00873
01584
03587
05259
06089
07571
09693
11661
13079
15390
18420
23218
34945
46952
55316
55287
60971
65010
65846
<50,000
10oz Obverse 2 10oz Reverse 2[SilverTowne Hallmark] [10 OZ.] [.999 FINE]Cast Finish2nd series 10oz class ingot produced by SilverTowne.  Serial absent variety and demonstrates a plain reverse.Serial Absent<10,000
Screen Shot 2018-03-19 at 7.27.02 AMSilvertowne 10oz new 2[SilverTowne Hallmark] [10 OZ.] [.999 FINE]Cast Finish3rd series current production 10oz class ingot produced by SilverTowne.  Serial absent variety and demonstrates a plain reverse.Serial AbsentStill In
Production
50oz Obverse 1 50oz Reverse 1[SilverTowne Hallmark] [50 OZ] [Serial Number] [999 FINE]Cast Finish1st series 50oz class ingot produced by SilverTowne.  Demonstrates a waffle pattern reverse.  Estimated serial run of 00001-05000.00072
00115
00146
00346
00427
00984
01570
01750
02864
03048
04605
04930
<1,000
50oz Obverse 2 50oz Reverse 2[SilverTowne Hallmark] [50 OZ.] [SERIAL NUMBER] [.999 FINE]Cast Finish2nd series 50oz class ingot produced by SilverTowne.  Demonstrates a plain reverse and a larger format mould than our above example.Serial Absent<1,000
IMG_1133 IMG_1134[SilverTowne Hallmark] [100 OZ] [Serial Number] [999 FINE]Cast Finish100oz class ingot produced by SilverTowne.  Estimated serial run of 00001-30000.02687
07458
09320
10730

13455
18544
23427
27325
28146
<1,000