I have this coin/round I can't find. On one side it has a big number 1 with ONE over top of number 1, and it reads finest purity honest weights TRI-STATE REFINING and on one side of number one it has TROY and on the other side of number 1 it has OUNCE on the flip side it has a small liberty bell and a eagle and reads 1776-1976 .999 fine silver one troy oz. and GOD BLESS AMERICA. Anybody know anything about this coin and what it may be worth today?
jabberjaws63638 1) Welcome to the forum. 2) It is called a silver round. Simply, it is one ounce of .999 fine silver, and trades around the current price of silver, as hamman88 said.
jabberjaws63638 First, it is not a coin. A coin is legal tender that is issued by a government. second, this is a privately minted 'silver round'. As far as additional information, a search of the internet under the name TRI-STATE REFINING may help. this link has some info on them: http://duckisland.com/Silver/Silver.asp
It's a silver round. You can search Ebay on the phrase "silver round" in the coin section and see many different types for sale. To the best of my knowledge, nobody has ever tried to catalogue them or write a book about them. Despite this, some people try to collect as many different varieties as they can. At the present time, they have no numismatic value, but someday they may be treated similar to civil war tokens and hard times tokens. For example, there are silver rounds from the old Sunshine Mine in Idaho [which is reopening soon] that might have some historical value someday. You will notice that on Ebay, silver rounds almost always sell at a small premium to the bullion content, and occasionally much more. I happen to like them a lot. They are inexpensive, interesting to collect, and will go up in value over time at the same rate as the price of silver since they are typically minted in one troy ounce sizes. They are easier to sell than coins for full value [assuming you don't sell them to a coin dealer who will never give you full value] and for that reason alone represent a very low risk collectible.
They are worth about a 10% premium over silver price, as there are a few people out there who maniacly collect them (and if the mint sold them for bullion value, how would they make any money ?)
