Aug 30
My wife asked me a question, and I couldn’t give her an answer, which always bothers me. So I thought maybe I could get an expert opinion on here.
I have a .999 Fine silver Commemorative Liberty Coin. The coin is dated 1991. The coin weighs 1 lb.
So basically the question is what does a 1 lb .999 fine silver commemorative coin sell for these days? Has a picture of lady Liberty on front, with the year 1991, and Eagle on back.
It is basically this coin
http://cgi.ebay.com/2002-SILVER-EAGLE-REPLICA-1LB-1-TROY-POUND-.999-SILVER_W0QQitemZ350150119806QQcmdZViewItemQQimsxZ20090107?IMSfp=TL090107158006r37908
But instead of "One troy pound" on the back, it says "1 LB. .999 Fine Silver" The date on front is 1991. Other than that, same coin.
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August 30th, 2010 at 6:28 pm
It is not a coin but actually is a medal. Most collectors call them silver rounds and of course the 1 oz. type is the most common. As that medal on eBay stated it is a replica of a U.S. mint silver eagle. The mint did not make it, or yours. They actually have very little or no collector value and it’s value depends on the price of silver at the time you sell it. Precious metals are weighed in the troy ounce system, some items state that, others take it for granted one already knows that. Commemorative this and that’s have been coming from private mints since the 1960’s and some have run afoul of the U.S. Treasury department and the Secret Service as well as the mint. They have over the last couple of years started to crack down on items that give the impression that they are a government item. You can tell your wife you have a pound of silver as an investment, as the price of silver goes up so does the value of your silver round.