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Silver Type Nugget, What Is It?

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United States
258 Posts
 Posted 10/09/2022  2:45 pm Show Profile   Bookmark this topic Add Caddis to your friends list Get a Link to this Message Number of Subscribers
I hope I'm on the correct section of the board.

Does anyone have an idea of what these nuggets are? I'm going through a collection and there is a bag full of them. Thanks.


Silver-Type-Nugget,-What-Is-It?
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westcoin's Avatar
United States
9792 Posts
 Posted 10/09/2022  3:48 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Looks like the old US Treasury silver "shot or buttons" they used in exchange for Silver Certificates.

Here was the instructions on how to do it back in the 1960's when the program was still going.
https://www.usmint.gov/learn/histor...lver-bullion

Here is a photo of one style I had not seen:
https://www.coinworld.com/news/prec...ranules.html

How I've usually seen it...
Silver-Type-Nugget,-What-Is-It?

You can still find silver bullion like this (likely made from dropping molten silver into cool water) at many bullion shops like APMEX https://www.apmex.com/product/24291...ate-exchange
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector.

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Edited by westcoin
10/09/2022 3:49 pm
Valued Member
United States
258 Posts
 Posted 10/09/2022  4:10 pm  Show Profile   Bookmark this reply Add Caddis to your friends list Get a Link to this Reply
Thank you for the info. So what does a person do with them now a days?
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westcoin's Avatar
United States
9792 Posts
 Posted 10/09/2022  5:13 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
You can turn them into cash by selling them to a bullion dealer. I'd probably keep them awhile and watch the silver price, wait until it gets back up over $45/ounce, that could be years or months, who knows, but if you aren't in a hurry then wait, or turn them into something a bit more liquid like a silver bar or American Silver Eagles or Canadian Maple Leaf rounds. You will not get full value as they would need need to be re-assayed, to tell the silver amount and purity. Currently an ounce of these sells around $23.00 probably buy rate is 20% less.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector.

See my want page: http://goccf.com/t/140440
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United States
2233 Posts
 Posted 10/09/2022  8:16 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
Some dealers sell silver in small pieces called shot or by the grain. Jewelers and home crafters use them to melt, make things. I've heard some stack shot by the bag or jar.
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Jaobler's Avatar
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6385 Posts
 Posted 10/09/2022  11:59 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Many years ago I refined maybe 30 ounces of silver from electronic scrap. I melted it and poured the molten metal into a bucket filled with deionized (pure) water. The metal formed a mixture of teardrop-shaped shot and shell-like random forms. The pieces were all bright silver in color and very attractive. The OP's nuggets look similar in form but appear to have some surface impurities.
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Canada
54 Posts
 Posted 10/22/2022  01:11 am  Show Profile   Bookmark this reply Add JadeDragon to your friends list Get a Link to this Reply
It could be sterling silver too. You just can't tell without an assay. You could sell it on Facebook Marketplace etc to someone who wants to make jewelry or sculptures or other art. That's the raw ingredient they need.
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