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Pedly-Ryan & Co. Silver Round
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
Picked this up at a show today for $175. I've seen them posted here before----does anyone know anything about them. The person who sold it to me said only 500 were produced.
Also, is it of any significance that much of the lettering on the 1933 side have been repunched?
Also, is it of any significance that much of the lettering on the 1933 side have been repunched?
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of silver? ;-)
430 grains = 0.982857143 ounces
<< <i>i do not know anything about but isn't that one expensive ounce
of silver? ;-)
430 grains = 0.982857143 ounces >>
I never could figure out what in the heck they meant by using 430 grains. If anybody knows, please enlighten me.
TD
An ancient unit which was originally based on the weight of a grain of wheat. The grain is the smallest unit of weight in the avoirdupois, troy, and apothecaries systems. Surprisingly it is identical in all three systems.
4 grains = 1 carat
24 grains =1 pennyweight
480 grains = 1 troy ounce
5760 grains = 1 troy pound
437.5 grains = 1 ounce avoirdupois
7000 grains = 1 pound avoirdupois
1 grain = 0.0648 grams (0.06479891)
15.432 grains = 1 gram
Grain
Although we have stated above that the grain weighted the same in all three of the above systems, there were at least two different grains. The troy system used the supposed weight of the barley grain, whereas the wheat grain was also used as a standard of weight. There were three barley grains to four wheat grains.
<< <i>4 grains = 1 carat >>
I don't care what system you use, but any carrot I've ever seen has been a LOT more than 4 grains of wheat or barley!
<< <i>
<< <i>4 grains = 1 carat >>
I don't care what system you use, but any carrot I've ever seen has been a LOT more than 4 grains of wheat or barley!
I guess you never saw the carrots I grew in my garden
<< <i>
<< <i>
<< <i>4 grains = 1 carat >>
I don't care what system you use, but any carrot I've ever seen has been a LOT more than 4 grains of wheat or barley!
I guess you never say the carrots I grew in my garden
<< <i>i do not know anything about but isn't that one expensive ounce
of silver? ;-)
430 grains = 0.982857143 ounces >>
There are 480 grains in a Troy ounce. You may want to recheck your math. (Hint: 430 divided by 480 is a lot less than 0.98285....).
Worry is the interest you pay on a debt you may not owe.
Worry is the interest you pay on a debt you may not owe.
<< <i>Anyone know why they picked such an odd weight of 430 grains rather than an even ounce? >>
I always figured it was because they wanted it to have about the same value (silver wise) as a Morgan or Peace dollar.
<< <i>
<< <i>Anyone know why they picked such an odd weight of 430 grains rather than an even ounce? >>
I always figured it was because they wanted it to have about the same value (silver wise) as a Morgan or Peace dollar. >>
The Morgan dollar has a lot less silver than 430 grains. The Morgan has only about 0.77 Troy ounces of silver.
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>i do not know anything about but isn't that one expensive ounce
of silver? ;-)
430 grains = 0.982857143 ounces >>
There are 480 grains in a Troy ounce. You may want to recheck your math. (Hint: 430 divided by 480 is a lot less than 0.98285....). >>
1 ounce = 437.5 grains
1 troy ounce = 480 grains
come again?
On Jan. 5, Pedley-Ryan began its sale of round, rimless, plain-edge discs. Size of a standard U.S. dollar, they contained one ounce of silver, 430 grains 99 per cent fine. The slugs were sold three for a dollar and Pedley-Ryan was to redeem them at prevailing market prices of silver. It was believed that thousands of investors throughout the country would purchase the "dollars" and would realize large profits when silver reached the 16 to 1 ratio hoped for by the silver bloc. Silver mining interests in Colorado and elsewhere would, in the meantime, benefit from an increased market for silver.
The campaign, which enabled even the smallest investor to speculate, ended in late summer. Sales had not reached anticipated goals. After that, Pedley-Ryan (later known as the Cow Gulch Oil Co.) sold bars of 1000 ounces only.
<< <i>Anyone know why they picked such an odd weight of 430 grains rather than an even ounce? >>
perry, you need to stop mixing and matching one troy ounce with an
ounce!
is my opinion ;-)
Maybe the guy making the punch was supposed to have said "480" and he screwed up?
430 grains is not an ounce in either system.
Worry is the interest you pay on a debt you may not owe.
<< <i>fc---Silver and other precious metal are weighed in Troy Ounces---never in Avoidupois ounces. >>
then feel free to explain why they choose 430 grains :-)
i just threw it out there and my math was more then correct but you
come along and start mixing up ounce and troy ounce like they are the
same thing ;-)