Washington Mint Half Pound Silver Eagle New Question

Okay ... new question

I did a web search. Two sites show this as 8 ounces. One of the sites is the mint site.

http://www.usmint.gov/consumer/?fla...&action=tips

So I put it on the scale. It came up 249.9 grams (mint site shows 248.82). Then I weighed a silver eagle at 31.1.

That would make this 8 ounces. Seeing how the coin only says half pound and not troy pound .... am I right in thinking this is 8 ounces?

Waredu
Thanks for the link.

It still seems a little confusing. The Washington mint site says this coin has 8 troy ounces, and my weighing it, shows it is the same as 8 ASE's. But I have always had the understanding that a troy pound is 12 troy ounces.

Also interesting is that they are selling the 2010 date of this coin for $299.00

biokemist6

That is what I am thinking too ... I was thinking I got a good deal when I thought it was 6 ounces ..
now I am very very happy to find out it is 8 ounces.

Here is a couple of lines from the Washington Mint (Collectible America) site

"Here at Collectible America, we have discovered that many of our customers are not readily familiar with Troy weights, which is why we have chosen to strike our Half Pound Silver Eagles to a full 8 troy ounces (even though a Half Troy pound is actually only 6 oz.). "

Bought one awhile ago at spot. I haven't tried to resell yet. It's actually a nice piece. Think I can get a tube to hold 20 of them?

:)

John, these are not made by the US mint. They are made by private mints, and have been for years, in various sizes (including 1 troy pound).

Perhaps you are thinking about the 5 oz silver quarters the mint is going to put out this year.

I just purchased a washington mint half pound silver eagle, I put it on the scale and it weighed 8.8oz. It also has a serial number on the rim of the coin, can anyone tell me a value of this coin?

At 8 troy ounces, your piece can be valued by multiplying silver spot price times 8 = around $220.

These are private mint, they have nothing to do with the U.S. (government) mint.
The Washington mint (private mint) sells them at premium to collectors.

Once these coins are out in the secondary market they are sold near what ever
silver is selling at. They do make a half pound (8oz) and a one pound version.
I would have to check but I think the pound version is troy pound (12 oz)

I do think your coin if dated 1989 was made then. Originally there should have
been a Certificate of Origin COA with it to correspond with the serial number.