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Also in 1871, Wallace, his sons, and sons-in-law formed a new company. The new company, Wallace Brothers, produced silver-plated flatware on a base of stainless steel. (By 1879, Wallace Brothers was merged with R. Wallace and Sons Mfg. Co.) In 1875, Wallace introduced the first three sterling patterns to feature the esteemed Wallace name ...
In 1990, Towle Silversmiths was acquired by the holding company Syratech Inc., [3] which also owned Wallace Silversmiths and the International Silver Company. In 2006, Lifetime Brands Inc. purchased Syratech Inc., thereby acquiring all three brands.
The old hallmarks were as unique as today's logos, and disputes often arose when one company copied another's stamp. [citation needed] "The words "silver" and "sterling silver" describe a product that contains 92.5% pure silver. Silver products sometimes may be marked 925, which means that 925 parts per thousand are pure silver.
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The Hecla Mine stayed open at the 2000 foot level, so the Star could operate. The Silver Summit shaft was deepened to 3000 feet, where additional ore was discovered in 1946. By 1948, Hecla owned 50% of Sullivan, 63% of Polaris (now merged with Silver Summit), and 33% of the Resurrection Mining Co., located east of Leadville, Colorado.
By 1961, the Treasury Stocks had unnecessarily been depleted. In 1963, the government had only 30 million ounces of free silver, but the annual coinage requirement for the United States was more than 75 million ounces. The price of silver per ounce was now $1.2929, but if the United States bought extra silver, the price would go above $1.29.