Silver by the pound!

I can share my experience with the silver one pound pieces. It should be simpler than it is but the bottom line is that scammers will always confuse the details in order to profit.
When you see the silver one pound pieces always ALWAYS weigh them on a troy oz scale. Some of them weigh 12 troy ounces, some weigh 14.583 troy ounces and some weight 16 troy ounces...depending on which company made them. I've seen all 3 weights over and over again. Don't assume anything just because an item is marked one pound. Weigh it. We way every single one that comes into the shops, no exception. We weigh them again in front of the customer when we're selling them, just so there's no confusion.
Here's the real situation...there are 12 troy oz in a troy pound. There are 16 advp oz in an advp pound. There are 14.58 troy oz in an advp pound. Since you can't tell from LOOKING and HEFTING it in your hand, you must weigh these. Mail order and TV salespeople have created them in a variety of sizes/weights and they can all honestly say that they're product is a pound of silver...they want everyone to assume there's 16 troy ounces but that isn't always the case.
Hope this helps.
tradernick

 

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A 10 Troy oz. bar on ebay sells for well over $200. Your Troy pound should be 12 Troy ozs. You could easily get $250 for it. Take a picture and sell it on ebay, or wait for your investment to change.

Bruce

 

A One Pounder

What do you think, nice paper weight.

 

Bottom line, this is my take on it too. The "price of silver" is given in troy ounces, and most silver items (rounds / bars) are 1 oz, 10 oz, or 100 oz, always troy. Anyone selling anything by the pound is trying to confuse you to make extra money so be extra careful.