Web site visitor Michael Chazin writes:
I was looking for information on Henry A. Merton who wrote the Big Silver Melt book that is highly sought after by collectors, etc.
I saw mention of some article that ran in your publication back in 2006 on the subject of the silver melt.
I am trying to find out if any of Merton's conclusions about the numbers of extant coins ever gained any traction in the marketplace. If you look at the Guide Book it doesn't appear that anyone takes him too seriously. Yet I wonder.
Is Merton still alive?
Good questions. Can anyone help here?
Below is an excerpt from the earlier article, a submission from Dick Johnson. Here's an excerpt.
-Editor
This book chronicled the events of the silver price run up and the
unsuccessful attempt by the Hunt Brothers to corner silver. Of
course there were some dramatic events after the book was published,
like the auction sale of the Hunt’s notable ancient coin collection
(and the ultimate sale of so much of their assets).
I hope this book is the source of the story I have repeated often.
The Hunts took possession of tons and tons of silver and wanted to
get it to Europe. How? They flew their ranch hands (read gun-toting
cowboys) to New York. Picked up the silver at a refinery in New
Jersey. Drove it to Kennedy International with the ranch hands riding
shotgun over all that silver. They oversaw it loaded onto a plane,
climbed aboard and flew it off to Belgium, I believe. The shotgun
delivery protected the other end, as well.
Merton’s book is excellent; recommend for E-Sylum readers.
To read the earlier E-Sylum article, see:
THE GREAT SILVER MELT – MAKE THAT THE ‘BIG’ SILVER MELT
(www.coinbooks.org/esylum_v09n19a10.html)
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: whomren@gmail.com
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