I have a silver .999 troy oz coin. It has the US Peace coin look but it has the date of 1989. What do I have?

Question

I have a silver .999 troy oz coin. It has the US Peace coin look but it has the date of 1989. What do I have?

Answer 1

This is likely a "silver round": minted privately by any of a number of companies.  This particular round is marked .999 to signify the silver fineness (i.e. this is about as nearly pure silver as you can get, 999/1000 fine) and its weight (1 Troy ounce, a measurement used when weighing precious metals and slightly heavier than an ordinary ounce used in the USA).

Some of these rounds bear images that look like historic American coins, such as the Peace, Morgan, and Seated Liberty Dollars, to name just a few.  But unless they're particularly rare or sought after by collectors, most are just worth approximately their silver value; in this case, about $17-18 - the value of 1 Troy ounce of pure silver - as of this writing in mid-April 2008.

Answer 2

I agree with him . /|\