Half pound Morgan silver dollar
nateh139155
Posts: 1 ✭
I have a half pound Morgan silver dollar in original casing with the certificate of authenticity the coin is dated 1878 I know nothing about it does anyone know if it’s worth anything
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JM Bullion will pay $175 currently, which is $2 per ounce less than melt. Not sure why 8 ounce silver rounds and bars are looked down upon.
It sounds like something that was privately produced in recent decades for sale to the general public. It would most likely be worth a percentage of its silver melt value, assuming it contains silver.
These are novelty items produced in the past (and maybe still are). I have one that is a full pound of silver.... No numismatic value... However, I purchased it in the mid nineties...and silver melt has increased significantly. Cheers, RickO
What you are describing is a privately minted silver round.
However, when you write "half pound" you are already causing confusion since bullion is measured in troy units (12-troy ounces per pound) while commercial everyday goods are measured in avoirdupois units (16-avoirdupois ounces per pound). Additionally, a troy ounce is approximately 10% heavier than an avoirdupois ounce. Given this confusion, the first response to your thread is already assuming avoirdupois ounces, but applying troy pricing.
If it is one-half troy pound then it is six troy ounces of silver, whereas if it is one-half avoirdupois pound it is eight avoirdupois ounces or approximately 7.2 troy ounces. Regardless, expect that it will be tested by a possible buyer and that you will get just under spot price per ounce.
In honor of the memory of Cpl. Michael E. Thompson
My one pound silver ASE (referenced above) is a Troy pound (12 toz.)... And as I said, while not a real coin... it has increased in silver value considerably since I acquired it. Cheers, RickO
They made them in one pound, half pound and quarter pound versions.