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Cody8404
Penny Hoarding Member
USA
602 Posts |
 Posted - 01/07/2010 : 18:42:59
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A local coin dealer has a U.S. mint silver medal. It reads 1869-1969 Transcontinental Rail Road.
The paperwork with it says it is "silver" and was produced at the Philidelphia mint. It has a "P" on it. It is about three inches round and wieghs 5.1 ounces.
He is asking $100 for it, and he has had it for a while.
If it is 5 ounces of silver the deal is not bad for the silver, but how pure is it? Would it be 90% like silver coins? Would it be Sterling?
Do you think this deal is worth it?
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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fb101
Administrator
USA
2856 Posts |
Posted - 01/07/2010 : 19:16:05
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| I never heard of this, nor can I find anything like it online. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 01/07/2010 : 19:22:16
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| If it doesn't say fineness and weight, I would not buy it. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 01/07/2010 : 19:41:33
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The Philadelphia mint made two medals in 1969 to commemorate the centennial of the transcontinental railroad. A small one 1 1/2" and a larger one 2 1/2" diameter.
Does it look like this?
You must be logged in to see this link.
This is something difficult to find information on. Probably not many were struck. As far as fineness, they were minting 40% halves at the time, so you'd have to do some research.
I wouldn't buy it for the silver content.
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Trust the government? Ask an Indian. |
Edited by - El Dee on 01/07/2010 19:43:01 |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/07/2010 : 19:57:58
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Yes, that is it.
Thank you for the input. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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myfundsarelow
Penny Collector Member
USA
388 Posts |
Posted - 01/08/2010 : 00:38:22
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| thanks EL DEE, for the cleal photos & history lesson PEACE!! |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 01/09/2010 : 18:15:53
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Here is a heritage auction listing. Similar medallion and 5 others went for $92 last year.
"Five Modern Commemorative U.S. Medals. The lot includes a 1968 Illinois Sesquicentennial MS65 NGC, brass; a 1969-P Golden Spike Centennial MS65 NGC, 34 mm, bronze; a 1975 Paul Revere Lexington-Concord Bicentennial PR68 Ultra Cameo NGC, silver; and two uncertified 1976 Colorado Centennial medals, silver, each struck at the Denver Mint.Sold for: $92.00." |
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U.S. mint silver medal?
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