Nelson buying blow

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Nelson buying blow

Bunker Hunt, and his brother William Herbert Hunt b. During the s, the Hunts diversified, adding to oil an interest in real estate 5 million acres at one point , cattle, sugar, pizza parlors — and silver. The two brothers started to speculate from the s onwards on the silver market attempting to corner the market, resulting in estimated holdings of a hundred million troy ounces by Though momentarily saved by a consortium of banks brought in to rescue the situation, the brothers lost over a billion dollars in the affair. The final blow came in , when they were forced to pay million dollars in compensation to a Peruvian mining company, and N. Hunt filed for bankruptcy in September he settled in for a ten million dollar fine with the U. Commodity Futures Trading Commission, in addition to other sanctions. In , W. But the material filled even more auctions yet to come. McNall soon convinced him to buy for 16 million dollars half in cash and half in racehorses the coin collection of Sy Weintraub , a film producer who quadrupled his investment. The Hunt brothers were peculiar collectors, in that they entrusted their advisors at NFA with the creation of their collection almost entirely. A third brother, Lamar Hunt , also speculated on the silver market but did not get involved with coins. Ptolemaic Kings of Egypt. Dekadrachm, c. Ex Hunt Collection. We are the bridge connecting the international numismatic world. Our readers include collectors, professional coin dealers and researchers, as well as all those involved in coin production. We are read in countries! We provide you with information on everything you want to know about the subject of money — from antiquity to the present day. And much more Please note that doing so will share data with third-party providers. You are currently viewing a placeholder content from Facebook. To access the actual content, click the button below. You are currently viewing a placeholder content from Instagram. You are currently viewing a placeholder content from X. Follow us. More Information. Unblock content Accept required service and unblock content.