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1 oz Republic Metals Silver Bar- Bankrupt Silver Compnay

  • Listing ID: 17616611
  • Item #: 5754-37b
  • Current Price
  • $39.00
  • Bid Increment (US)
  • $3.00
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Ends Dec 28, 2024 at 03:30 PM (Eastern)
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Description

 1 oz Republic Metals Silver Bar- Bankrupt Silver Compnay


The family owners of a bankrupt Miami-area gold refinery — formerly among the biggest in the world — have agreed to pay $16.6 million to resolve a long-running dispute with a group of banks that lost a bundle in unpaid loans to the once-dominant company, according to a court settlement approved Thursday. Republic Metals Corp. filed for bankruptcy in 2018 after discovering a huge discrepancy in its gold inventory totaling as much as $100 million, according to court records. Republic was formerly owned by the family of the late Richard Rubin before the business was sold for $25.5 million to a major Japanese refiner, Asahi. The new operation, including Republic’s former Opa-locka processing plant, is called Asahi Refining Florida.


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