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About Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.

Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.

Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814

Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm



 
   

You are here:  Experts > Shopping > Coin Collecting > Coin Collecting > silver ingot

Coin Collecting - silver ingot


Expert: Dan Moore - 4/30/2009

Question
I have a framed picture of the smoky mountains with a silver ingot attached to the inside boarder, smoky mountain ingot nineteen71 with a bear on the front of it.  On the back of the frame it states, limited production the .999 fine silver "smoky mountain ingot".  This ingot is one of a planned 10 year series, produced by the Kennedy mint, for associate silver distributors of Knoxville, Tenn.  production of the 1971 silver ingot will be limited.  This should become a value collectors item.  does this item have any value?

Answer
Victor,

Sorry, but this and basically all other privately minted silver art bars and rounds have virtually no re-sale market, other than for the silver they contain.  9 out of 10 dealers you sell it to are just going to take the fancy packaging and throw it away, then toss the silver bar into a bulk silver bin.

Kennedy Mint, Franklin Mint, Washington Mint, and a whole horde of other (privately owned) "Mint" companies, did a whole bunch of fancy packaging and used a whole buch of fancy wording to get unknowing collectors to buy their silver items at rediculously overinflated prices, with the hope of becoming rare and sought after items in the future -- when just the opposite has resulted.

Sorry, but your silver bar is only worth the silver it contains, and that's all it will ever be worth.

Dan


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