ONEPAPA one pound round

wheatiesonebigcoin

With only 2500 minted ,What's it worth on the market

Weiss

Welcome! Your piece is likely minted by The American Royal Mint, a private company NOT affiliated with the United States Mint.

From what I can tell, this piece is minted from 16 avoirdupois ounces of .999 pure silver. Understand that this is somewhat misleading, though, because unlike food and other items measured in avoirdupois units in the Unites States, precious metal bullion is measured in troy ounces--a different measurement system. 16 avoirdupois ounces only equals 14.583 troy ounces. In other words, there are fewer troy ounces of silver than the "1 pound" weight of this item might suggest. Long and short, you can find out what silver is trading for by visiting Kitco or one of the other precious metal reporting sites online:
https://www.kitco.com/charts/livesilver.html

Then multiply that per troy ounce value times 14.583 to find out what the silver in this item is worth.

As to how much someone is willing to pay for it? It's possible that it may sell for slightly more than the silver value. In my experience, it may actually sell at a discount unless it is in immaculate condition, with a nice case, and a certificate of authenticity.

ifthevamzarockin

Welcome to the forum!

While 2500 is a lower mintage it may far exceed the collectors for this piece. Good chance it will sell around spot.

TurtleCat

I agree with the others. You’re looking at spot price of silver and maybe 5% below it for a typical margin. Still, this is the best time to be selling silver while the price is higher. Some think it may go even higher but others think this is a bubble and silver will burst. Timing is everything when it comes to precious metals.

ricko

You could offer it for sale on the Precious Metals forum or the Buy, Sell, Trade forum here.... no fees. Cheers, RickO

amwldcoin

Misleading depending on how you look at it. There's only 12 Troy Ounces in a Troy Pound.

@Weiss said:
Welcome! Your piece is likely minted by The American Royal Mint, a private company NOT affiliated with the United States Mint.

From what I can tell, this piece is minted from 16 avoirdupois ounces of .999 pure silver. Understand that this is somewhat misleading, though, because unlike food and other items measured in avoirdupois units in the Unites States, precious metal bullion is measured in troy ounces--a different measurement system. 16 avoirdupois ounces only equals 14.583 troy ounces. In other words, there are fewer troy ounces of silver than the "1 pound" weight of this item might suggest. Long and short, you can find out what silver is trading for by visiting Kitco or one of the other precious metal reporting sites online:
https://www.kitco.com/charts/livesilver.html

Then multiply that per troy ounce value times 14.583 to find out what the silver in this item is worth.

As to how much someone is willing to pay for it? It's possible that it may sell for slightly more than the silver value. In my experience, it may actually sell at a discount unless it is in immaculate condition, with a nice case, and a certificate of authenticity.