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How to value silver bars marked 8 Troy ounces.Updated in last post with pics.
TennesseeDave
Posts: 4,740 ✭✭✭✭✭
A friend of mine has a couple bars that are of an unknown maker that are about the size of a dollar bill and maybe 3/16 inch thick. They are marked as 8 troy ounces .999 silver. Are they worth a little more than a regular 8-ounce bar?
Trade $'s
0
Comments
No makers mark or unknown mark?
I did not see a maker's mark. Seemed like the design was of a 500 $ bill maybe.
8 x $22.36 = $178.88. If you try to sell them at the LCS they will probably offer you slightly under spot. RGDS!
The whole worlds off its rocker, buy Gold™.
Normally it is the opposite - these novelty bars are sold as 'half a pound' but they are 8 AVP ounces instead of troy ounces. 8 AVP ounces equate to 7.29 troy ounces
These are marked 8 Troy ounces.
I'm assuming no certificate of authenticity or box to find a maker's name.
Apmex had some listed but out of stock and no retail price.
Generally speaking those were novelty things and dont bring much more than spot, unless you find a buyer who just has googly eyes for it.
Thanks for the information. I will probably give him the current spot value multiplied times 8.77 at the time of our trade.
Why 8.77?? If it is 8 Troy Ounces.... it would be spot multiplied by 8. Unless you are adding a 'profit'. Cheers, RickO
I thought 8 Troy ounces equal 8.77 regular ounces. That was the whole purpose of this thread actually.
Spot price is based on troy ounces.
Ok, that is helpful. Thanks
Here are the bars.
I can't see any reference to troy ounces on the top one - so it would be worth less than the bottom one. On the last pic you can see 8 troy ounces 999 fine silver
The top one says one half pound fine silver. It's from the Washington Mint I believe, but I can't find any info on the Confederate States of America one. Each one weighs approx. 250 grams
usually when they are marked "something pounds" they are referring to avoir du pois ounces (regular ones) not troy ounces.
250 grams equal 8.037687 troy ounces. Cheers, RickO
The $500 bar is a 1995 Washington Mint 8 toz bar. Bars came with a coa & presentation case.
You can check ebay's completed sales for an idea of what there going for. (deduct 10% for ebay fees, to give you an idea of the fair market value)
You are correct, it came in a presentation case marked Washinton mint but without the COA. I'm really at a loss about the CSA one if anyone has any info on it.
A similar designed 8 oz $50 CSA bar, sold on ebay for $200 in November, but it did not indicate any useful information, other than the condition of the bar.
https://www.ebay.com/itm/224707600684?hash=item34519de12c:g:LXQAAOSw3AJhnVok&nma=true&si=mkszbqY1psvQ2Klb3mA7Z2dt9UI%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557