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An Engelhard silver bar An Engelhard poured 2 oz 99.99% pure gold bar. Engelhard Corporation was an American Fortune 500 company headquartered in Iselin, New Jersey, United States. It is credited with developing the first production catalytic converter. In 2006, the German chemical manufacturer BASF bought Engelhard for US$5 billion.
Charles W. Engelhard Jr. (February 15, 1917 – March 2, 1971) was an American businessman, a major owner in Thoroughbred horse racing, and a candidate in the 1955 New Jersey State Senate elections. He controlled an international mining and metals conglomerate , Engelhard , founded by his father.
The Rothschild family continued the refinery's management until it was sold to Engelhard in 1967. A year later, the Royal Mint relocated to Wales and ceased its bullion bar interests, but the brand was revived in 2015. Bullion bars produced by the mint are stamped with the original Royal Mint Refinery emblem and come in a range of sizes. [75]
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It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. But Costco’s move is more about marketing than just about increasing sales.
At the height of the 1979-1980 silver boom where it traded above $50.00 per ounce, the firm was purchasing $2M a week in scrap, 1000 ounce delivery bars and contracts for 90% silver coins. The firm was also trading $1M to $5M per week in precious metals contracts, with delivery primarily in Chicago.
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