I have 5 limited edition collectors series coins, .999 fine silver. Any idea how much they are worth?

Question

These coins are from Fond du lac Black Bear casino. Each coin is stamped with a wild animal picture. The edges are gold overlay. They were won, and supposedly worth $10.00 each at the time (1997). Each coin is in a plastic encasement.

Answer 1

Most of these casino silver rounds, whether or not they were made for collectors or for gambling, are worth only for their silver content. There're just not enough demand for collectibles of such kind. Many limited edition pure silver medallions, like those manufactured by Franklin Mint for example, don't have a secondary market and most collectors who bought them at premium issue prices ended up losing money when they sell. If you intend to sell you silvers, then I suggest you auction them off at either eBay or Yahoo Auctions, or sell it to a collector. Because if you bring them to a dealer or silversmith, you'll be paid only the bullion value minus a few bucks per piece; so-called "processing fee".

Silver 1 oz is currently $12.75, dropped from about $14 a few days ago. Not a good time to sell in my opinion.

Answer 2

I have 7 of the same coins that were obtained at the President Casino on the ADMIRAL Dockside at the Arch in St. Louis Missouri. I bought these as collector items more than 25 years ago, and was told that a set consisted of 4 coins with the same logo of deer, buffalo, Horses, or Eagle. As I remember, I was told by Jim Mooradian, a collector in Collinsville, IL., that a collection of 4 of the same was where the value was. I have 4 deer, and one each of an eagle, Horse, and Buffalo. Any one interested in trading?

Answer 3

As of Friday afternoon they were worth their silver value of $12.72 per one ounce coin. Unless you could find someone who collects this type of thing. I'd say the chances were very slim. Call all the coin dealers in your area and ask them what they pay for bulk silver. this is a great time to sell them. Prices are high.