Expert: PAPAJACK - 12/29/2008

Question
Hey i was wondering if you could help me identify a coin i had. On one side it has the statue of liberty
with rays of light coming down on her.
Saying liberty mint across the top.
one troy ounce and
999+ silver at the bottom with 1986
on the back it has liberty mint across the top
and on the outside it has fine silver 999+ and one troy ounce.
It has a separate piece for the middle that says
USA No state shall make any thing but gold and silver coin a tender to payment of debt article 1
section 10 us constitution

Answer
Hello Josh,                        

This is not a coin at all. This is one of the countless silver rounds being produced.

Its value is the current price of one ounce of silver. They are made in rounds and rectangles (bars) then sold to the public at a premium over the spot market. Today your piece is worth about $10 per troy ounce.

Some are made using coin designs (as yours) and I have seen tractors presidents, company logos etc. They are categorized as Silver Art Bars (or rounds) and as I said trade at the current price of silver. Some rare metallic art sell at a higher value but most are produced in the millions.
 
http://www.apmex.com/Category/503/Silver.aspx
www.villagecoin.com/page/coin/CTGY/ART
http://www.rivercitycoins.com/silversets/silversets.html

If there is any more information you require on this question feel free to ask.

I look forward to hearing from you with more questions.
Please make your question private.

Thank You and Good Luck,

PapaJack