Morgan Head Troy Ounce Silver Trade Unit

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Author	Replies: 5 / Views: 8,912
bigelowcurtis New Member United States 3 Posts	Posted 09/21/2011 6:06 pm I have a coin with the Morgan head design on one side with no words but 21 stars around the head. (What is the significance of 21?) The reverse has a scale (a pivoting scale) with what appears to be coins on one side and bottles on the other. Also, the words ONE TROY OUNCE mark the top with SILVER TRADE UNIT at the bottom with 999 FINE SILVER in smaller letters right above it. Any info on this would be great thanks! http://i750.photobucket.com/albums/...eadCoin3.jpg http://i750.photobucket.com/albums/...HeadCoin.jpg Edited by bigelowcurtis 09/21/2011 6:19 pm Report this Post to the Staff

smokeriderdon Pillar of the Community United States 3755 Posts	Posted 09/21/2011 7:23 pm That is a simple silver round with the Morgan design on the obverse. No significance on the 21 stars that I know of. Report this Post to the Staff
chris12018 Pillar of the Community United States 2130 Posts	Posted 09/21/2011 7:47 pm to CCF! Value would be spot price, possible small premium Report this Post to the Staff
bigelowcurtis New Member United States 3 Posts	Posted 09/21/2011 9:26 pm I am new to this whole coin thing, this coin was given to me. What do you mean by Spot price and small premium? Report this Post to the Staff
Saruma Pillar of the Community United States 968 Posts	Posted 09/21/2011 10:05 pm That coin was not made by the US Goverment. It is just some private minting, but I don't know the history of that coin. Spot price (also called melt price) is the value of the silver in that coin based on today's market price for silver. If you went to a coin shop, pawn shop, etc. they would pay you a price based on that market price. The small premium Chris mentions is that you might be able to find someone that is interested in that coin for the coin itself (not just the silver). In that case, they would pay you spot price plus a little bit more. For example, today's silver price for that coin is about $40 (spot price). Someone might be willing to pay you $45 for it because they like the coin (i.e. $45 silver value plus a $5 premium for the coin design itself). That is just an example. Report this Post to the Staff
bigelowcurtis New Member United States 3 Posts	Posted 09/21/2011 10:29 pm Oh ok, thank you for the info. Report this Post to the Staff
	Replies: 5 / Views: 8,912

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