Court of Appeals for the Fifth Circuit May 19, 1986, 85-1449 (Placid Investments, Ltd. v. Girard Trust Bank)

ALVIN B. RUBIN, Circuit Judge:

A bank purchased United States silver coins for their face value of $710,000 at a time when their market value as silver bullion exceeded $7,000,000. The bank simultaneously granted the seller a one year option to repurchase the coins at face value.