Gold & Silver Forum - bullion identification

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bullion identification

I'm in possesion of some 50 ounce silver bars that have no name on them. Instead, they have a symbol consisting of an inverted "T" with a circle over it (bottom of circle sits on intersection of tee) and a horizontal line beginning just to the left of the center of the circle and ending at the right side of the circle. Also I have some one ounce rounds with the same symbol also having the word "Universaro" on them.

Can anyone identify the mint?

One more question. Some bars are Comex-approved and others aren't. Which ones are Comex arrroved?

Re: bullion identification

Quote:

Originally Posted by butler

I believe COMEX only deals with 1000 oz bars, nothing smaller in size. Sorry, don't recognize the symbol on yur bars and coins but curious about them. :wavey:

Re: bullion identification

Quote:

Originally Posted by butler

butler, I'm afraid I have some bad news for you. Those bars and rounds are all counterfeit. They were produced back during the last runup of silver and are actually just silver plated lead/tin bars, and are absolutely worthless.
However, I have started a collection of counterfeit precious metal items and would be willing to take them off your hands for one dollar per ounce. Just console yourself with the fact that the $1.00/oz. is more than you could get at the scrap metal yard. You may send me a private message with the number of ounces you have and I will give you the P.O. Box number to which you can send them. I will, upon examination of the goods, send you a check.
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>:haha: Gotcha!

Re: bullion identification

AgAuGal,

The Bullion Direct site refers to Comex approved bars of smaller sizes:

http://www.bulliondirect.com/nucleo/...3F6309AB0B84AB

IrishGold,

Thanks for the offer, but I have my own collection of counterfeit bars and as a matter of fact am offering $1.10 an ounce for them.

Re: bullion identification

Quote:

Originally Posted by butler

Butler, I looked at the link. Are you refering to the CMX next to the smaller sizes? It was my understanding the COMEX only deals in 1000 oz bars. I could not find a definition on the Bullion Direct site for 'CMX'. I could be wrong about the minimum size for storing Ag at the COMEX, it is based on past reading not personal experience - I don not have a COMEX account. Maybe someone who does can clarify.