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theo
Penny Hoarding Member
USA
588 Posts |
 Posted - 07/06/2010 : 19:35:30
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I have some silver one ounce coins with words "silver trade unit" on the back along with image of scales. Above is an example of some that recently sold on Ebay. Although I can get them fairly cheaply and I'm fairly confident that they are silver, what concerns me is the mint is not identified.
I don't mind holding them myself; however, I'm helping some family members get into silver and I don't want to suggest these coins until I know more about them. I don't understand why the mint wouldn't put an identifying mark on their coins. What do you guys think?
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TXBullion
Penny Collector Member
374 Posts |
Posted - 07/07/2010 : 00:17:36
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theo, these are different but perhaps they come from the same mint? wanted to post it in case you didnt see it and maybe a lead to investigate further.... |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/07/2010 : 07:34:10
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I agree. It is always best to get 'identified' silver. Especially to start out, or for those that may never learn much more info than: "this is silver, and silver is worth a lot."
Sunshine, NWTM, and Silvertowne may be some that are 'recognized' but don't carry a huge premium! There are others, but it is too early and I can't think of them. |
"May your percentages ever increase!" |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/07/2010 : 09:33:21
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quote:
Originally posted by wolvesdad
I agree. It is always best to get 'identified' silver. Especially to start out, or for those that may never learn much more info than: "this is silver, and silver is worth a lot."
Sunshine, NWTM, and Silvertowne may be some that are 'recognized' but don't carry a huge premium! There are others, but it is too early and I can't think of them.
Thanks for the input guys. I agree, I think those names are and will be widely trusted. I've been buying the Englehard prospector rounds when I can get them for reasonable prices. Anyway, I'll probably avoid passing these unidentified coins on for now. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/07/2010 : 13:35:07
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I know You must be logged in to see this link. made some with the silver trade unit logo on them.
The problem with some of these rounds is that some are actually a little under weight. If you look at the youtube video on silver duds you will see what I am refering too. |
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tmaring
Penny Collector Member
USA
302 Posts |
Posted - 07/07/2010 : 21:02:19
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| the Krause Publications UNUSUAL WORLD COINS catalog lists these and many others. It's worth getting a copy. Make sure it's at least the fourth edition. Fifth is even better. Both list about ten pages of my Shire Post Mint issues. |
Tom Maringer
Shire Post Mint
Springdale, Arkansas |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 07/07/2010 : 21:55:05
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i did some research on these a couple years ago.
nothing conclusive but nwt mint was the maker as far as i could find.
there were some with the same reverse different obverse made by lecther mint in the 70's .
ive bought sold and traded close to 50 of these.
i always weigh my generic rounds out of curiosity and have found these to be spot on.
if you see them going cheap id jump on them.
but i also agree for a new investor in silver id go with big name rounds.
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Who made these coins?
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