Silver Coins Purchase

As I mentioned yesterday, I've bought some silver coins last week in Beijing.
I've cleaned them and done some research online (thank you Anonymous Silver Expert who left a comment on the post). Here's the picture of the cleaned coins, and more info about them. It looks like I didn't make a great deal after all, but I'm happy nonetheless.

  1. The Hong-Kong silver dollar from 1867 is also only 900 fine. Yet, you can find at $350. I don't believe that valuation much. 
  2. Japanese Trade Meiji Dollar = 1 Yen from 1875-7. Being 900 fine, it's obviously less valuable than a real silver ounce coin. But should have some (not much) numismatic value.
  3. The Silver One Ounce with no date no nothing is actually called a Mercury Dime.
  4. Silver dollar from 1922, apparently not much more value than the silver content. 


Anonymous said...

"The Silver One Ounce with no date no nothing is actually called a Mercury Dime."

No, a Mercury dime is a Mercury dime, i.e. a silver 10 cent coin mined from 1916 to 1945:


You have some a silver round with a reverse design that's the same as a Mercury dime, probably intended to be a replica.

Again, this is assuming you actually have silver and not counterfeits. :-)

Unfortunately cleaning coins is a big no-no in the numismatic world. If any of them had additional numismatic value, you've just damaged it.

pej said...

Thank you for your advice and teachings "knowledgeable Anonymous".

It seems like you were spot on. According to this link:
What is a silver 1 ounce coin with no date but with liberty on the front and a column with braches on the back - the text on the back says 999 fine silver one ounce?
It is a fake Mercury Dime and is most probably not one ounce but 19.14 gram or so
and is not .999 silver and the real value of it is about 5-8$ if you find a naive buyer.
First you should measure it for weight and test it for material. Good luck.

Of course you'd need to see/weigh the coin to find out if it's legit but I wouldn't be quick to toss the coin as being a "fake mercury dime" just yet. Does it have a dollar amount stamped into it? Another possibility is that it is a silver round. Rounds are a bit different because they're not legal tender- they're not backed by a government, so you shouldn't be able to take them into a store and purhase anything for the "face value" of a silver dollar. They wouldn't have a dollar amount listed on the coin. Rounds are worth only what the precious metal or bullion in them is worth. This means that your coin could potentially change value day to day with the spot price of silver. They're a great way to invest in preious metals because they're smaller and easier to handle than big bars. I'm almost 100% that this is what you have. I've got several rounds that are "knock-offs" of American currency. One looks like a morgan silver dollar. The actual morgan contained .74 ounces of slver- the round: A WHOLE OUNCE; over .35 more than the legit US curreny... Today (11-23-09) your round would be worth over 18 bucks. Walt Rosado's Advice: Hold onto it!

The other coins seem legit, but have no numismatic value and are actually not 1oz and not .999 purity. Meaning that their value is not in the $40 something dollar and that I paid about the normal price.

I'm happy anyway to have those 1860's coin