Silver round

Discussion in 'What's it Worth' started by Abdul Muhammad, Sep 24, 2005.

  1. Abdul Muhammad

    Abdul Muhammad New Member

    i have a coin i wonder can someone help me to determine the value
     
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  3. Abdul Muhammad

    Abdul Muhammad New Member

    Its says on the back "from the private treasuty of richard b. herman
    and on the front "500 grains sterling silver, 1971"
     
  4. satootoko

    satootoko Retired

    Hi Abdul and [​IMG] to the forum. I've moved your inquiry to the proper forum for that type of post.
    You have what is referred to as a "silver round", which is not a coin, but a privately produced medallion. I'm not familiar with Richard Herman, but such pieces normally sell at or near their silver metal value.

    500 grains is an unusual size, as rounds are typically produced with exact weights of 1 troy ounce, or some fraction or multiple of that weight. Since sterling silver is generally accepted to be .950 fine, that would make the actual silver weight of your piece 475 grains, which is .937 of a troy ounce, or 1.03 ounces av. :confused:

    At Friday's closing market price, the bullion value is $6.82. A dealer would buy at a discount from that price, or sell at a small premium above the price.
     
  5. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    Are you sure about that? I thought it was .925 fine.
     
  6. satootoko

    satootoko Retired

    [​IMG] Oops. Gotta remember to put mind in gear before engaging keyboard with fingers.

    That chops 18¢ off the BV. :(
     
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