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 Replies: 9 / Views: 11,605 |
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Valued Member
Canada
109 Posts |
Hello guys, Long time since I was on here just on vacation at the Philippines, I found this coin at our old family home was wondering if someone can help me or know something about these types of coin. I searched it online and found different kinds once with (APM ) and once with the stamp 31.1 Gram.but this one doesn't have any of that. Is this coin a remake? Not an original ? Here is the coin not sure which is the Observe and the reverse. What usually the value and worth for one of these things.   *** Moved by Staff moved to a more appropriate forum. *** |
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Rest in Peace
10197 Posts |
If it is indeed silver, it is nothing more than a commercial silver round bullion piece privately minted and issued. I see no mint name on faces, may be edge letter who produced it. Price of silver is $17.46/oz USD today |
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Valued Member
 Canada
109 Posts |
Thank you crazyb0 , yeah there was no marking what so ever it was probly privately minted and issued.
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Rest in Peace
United States
17900 Posts |
For private minting, it is always good to weigh the round. There are bullion counterfeit too.
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Bedrock of the Community
United States
10982 Posts |
That is not a coin at all but a privately minted one ounce silver round. It is worth the current spot price of one troy ounce of silver or about $17.40 this morning.
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Bedrock of the Community
United States
17884 Posts |
That particular silver round design HAS been counterfeited. Can't say if this one is real or not. First thing to do would be to check the weight.
When you have a silver round, trying to find others to authenticate it can be a hopeless task. There are just too many varieties, and many of them are of very similar designs. Guy I knew back in Louisville collected them by variety back in the late 70's early 80's. He had over 10,000 different varieties. There are over 100 varieties of the "trade unit" die. and at least a couple of dozen of the other die.
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Pillar of the Community
United States
4211 Posts |
 Many variations of this exist. I would weigh it and check the "ping" and do an ice test on it. Just to be sure it's .999 silver. |
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Pillar of the Community
United States
3656 Posts |
Never knew about the Ice Test for silver thanks for passing that along :)
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Valued Member
Canada
109 Posts |
Sweet thanks everyone for the feedback I will do all these tests to check on the authonticity
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Pillar of the Community
United States
4211 Posts |
@CoinCents - The ice test is great. Ice truly will melt much faster on silver. I take an old Peace dollar or an old Morgan and put an ice cube on a 1 ounce whatever I want to check and watch how quickly they both melt. So far I haven't bought any fakes but I still keep an eye out. |
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Replies: 9 / Views: 11,605 |
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Posted 01/29/2018 06:29 am
