Property owners, Muncie officials split revenue from silver bars seized in 2015

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Stock photo of silver bars

MUNCIE, Ind.— Over a year after authorities searched a property in eastern Indiana and seized more than 450 silver bars, those assets have been liquidated, and the resulting cash has been divided.

In 2015 authorities found the silver while searching James Reynolds’ property in Muncie for human remains. Delaware County filed a forfeiture lawsuit last May seeking ownership of the bars.

Police said the following items were seized:

  • More than one hundred guns – rifles, shotguns and handguns. Several boxes of ammunition were found as well.
  • More than 450 silver bars of various weights
  • About 2,000 silver dollar coins and 2 gold coins
  • $4,582 in U.S. currency
  • Multiple phones and computers
  • About 150 pills
  • Multiple safes
  • International currency – mostly coins
  • U.S. proof sets in boxes
  • Plastic bags containing “green plant material”
  • Several items containing various documents

The Star Press reports the deal gives Reynolds’ relatives who now own the land almost $14,500, and almost $49,000 was placed in a trust fund for their children.

The prosecutor’s office and the Muncie Police Department each received almost $94,000. The money will be used for officer training, victim assistance and office equipment.

Court documents show that Reynolds, who died in Panama in 2012, was suspected of operating a marijuana distribution empire.