This silver trade unit, has no date, has a ladys face with liberty on the crown. On back it says the topic and one troy ounce and .999 fine silver. It has a picture of coins and weights on a scale. What do I have here and is it fake???? Fake trade unit?
It's likely real. Just an ounce of silver. If this is the one I'm thinking of, they were minted to circulate as cash, but the people got into some legal trouble. If this is not the one I'm thinking of, it's just a 1-ounce round. Worth roughly 17 bucks in today's market.
You are right, that is the one. There are various types of the Liberty twenty Dollar rounds. They also made copper and gold. But they go for more than just melt, people collect them and (myself included) love the designs on them. They go past $30 occasionally and usually into the mid $20's. They can be had a melt, but its hard. Norfed also has some, and is experiencing legal issues as well. Hopefully T$ touches this thread. stainless
Does it have the same legend in Arabic and Chinese? Many different types were minted during the run-up in inflation and precious metals prices in the 1970s. These "rounds" were made by a wide array of private mints and private companies. In a class, they are the same as the "art bars" of the 1970s, celebrating pioneer values, automobiles, Marilyn Monroe, and everything else under the sun. Last in line were the people from NORFED, the National Organization to Repeal the Federal Reserve, the group that Borgovan is thinking of perhaps, shut down by a government raid about 15 months ago, but their rounds were called "Liberty Dollars" (the source of their woes: way too much like USA money) and did not have the balance scale with pans. The rounds played on the theory that the dollar was going down the tubes with gasoline running up from 18.9 to 89 cents a gallon and other indicators pointing to the demise of federal currency, if not the civilized world... As you can see, both are still here. An ounce of silver is always worth something, and over time, more and more dollars for the same ounce. I remember back when...
The very early Norfed rounds did use the Silver trade unit and balance scale with pans design. But many other companies also used those same elements so there is no way to really say if it is Norfed or someone else without seeing it. Either way it doesn't really matter, it is still just an oz of silver and worth whatever the spot price is.
I've seen quite a few silver trade units on Ebay. Search under "silver rounds" and you might find a few.
I have 10 of the very same coin, exact description. No mint mark.. is there some way to determine if they are "real" or not?
hi i have morgan liberty coin with no date are marking all but the word liberty on hat. the back has what looks to be a dove with a us flag in it mouth. i see the back on a troy sliver trade coin but all the frounts i find have something on it does any one know
