Has Anyone Seen A Coin Like This?

Privately made silver bullion pieces like this are called "rounds" when they are indeed round, and "ingots" if they are the more traditional rectangular shape. They are not called "coins", as only a government can issue "coins".

Go into just about any coin or bullion dealer and they'll likely have a pile of silver rounds sitting around for sale, maybe with this design, maybe with some other design. They are generally only worth bullion content, as coin collectors aren't really interested in them and silver stackers don't pay above bullion value just because the design is pretty or numismatic-themed.

You are also having to trust that the manufacturer is not lying about either the "one troy ounce" or "999 fine silver" claims being made. Unlike the counterfeiting of coins, it is not illegal to make and sell fake silver rounds, as they are not legally "coins" - though of course it is fraudulent to sell such an item as 1 ounce of 999 silver if the seller knows that's not true. ebay and the Chinese mass-marketing websites will happily sell you as many base-metal "silver rounds" as you feel like ordering, for considerably less than bullion value. Caveat emptor.

@spence. I checked out what you posted but mine either isn't on there or its one of the ones they are asking for help to identify. I think its one that hasn't been identified though. Not surr if its legit or not lol. Didnt think itd be worth anything just was curious about it since not familiar. It was one I was left in my grandpas collection.

@kac, ok good to know. Unless you happen to find someone who specializes in collecting this specific type of round, I would plan on getting a little under melt for this piece.