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Need Help Identifying A Coin (Maybe Bullion Coin)

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United States
1 Posts
 Posted 03/12/2012  05:55 am Show Profile   Bookmark this topic Add TankDirt to your friends list Get a Link to this Message Number of Subscribers
Hello, I need some help trying to find out anything about this coin. Its been passed down and I have no information on it. I have searched for many hours and have found nothing.

Any help would be much appreciated.

Thanks, cody

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John1's Avatar
United States
56855 Posts
 Posted 03/12/2012  06:13 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. I don't think that would be considered a coin. It looks like a one ounce silver piece (round) most likely worth silver spot price. I like the look of it. Lets wait for more input from others.
John1
Edited by John1
03/12/2012 5:15 pm
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GR58's Avatar
United States
11951 Posts
 Posted 03/12/2012  07:53 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I agree .. this is a silver round. One ounce .999 silver.

In my experience they trade at coin shops for, buy price $1.50 to $2.00 back of spot
sell price $1.50 to $2.00 over spot.

Many coins like this are made by private smelter. They use silver rounds like
these to help move the surplus silver they melt.

For example, if you took this silver round into a coin shop, and silver was at
$35.00 per ounce. Then I think they should give you between $33.50 to $33.00
for it
Valued Member
Cajunlady0's Avatar
United States
318 Posts
 Posted 03/12/2012  11:04 am  Show Profile   Bookmark this reply Add Cajunlady0 to your friends list Get a Link to this Reply
Silver bullion comes in bars and rounds. Various designs such as zodiacs, holidays, scenes, coin copies, etc. are put on them. They come in various weights also.

Some carry a premium because of the design while others are produced with very little information just referencing the silver weight and content.

All in all, silver is silver. The design is what usually drives up the price by buyers.



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