Liberty $10 Silver Round
 

In the Morgan Dollar thread I mention some rounds I should be receiving soon.
One of them is a Liberty Dollar of recent fame but instead of being denominated at $20, it has a $10 value on it - it is 1oz .999 silver so I figure it might be an early issue. Any info available and is it worth more as a collectable or just another interesting oz of silver?

Re: Liberty $10 Silver Round
 

It's an earlier round. Because the price of silver had risen so much, a couple of years ago the Liberty money people gave holders of the $10.00 face round the oportunity to return it for a new 1 oz. coin with a $20.00 face value.

If I had one of the $10.00 face coins I would keep it separate and hold it speculating a possible collector's premium down the road. The Liberty people can probably tell you the number of the $10.00 face coins struck and turned in or otherwise melted. This will give you an idea about how many of them are probably still out there.

Hope this helps.

Re: Liberty $10 Silver Round
 

Goldminer is right. I believe they switched over to the $20 "silver base" in late 2004, with 2005 being the first full year (I don't know if they made a few 2004 $20 coins or not). If it keeps going much higher, they had plans to switch over to $50 one-ounce coins.

Re: Liberty $10 Silver Round
 

Actually, it was thanksgiving day 2005. The 30 day moving average of silver stayed above it's moveup point of $7.50/oz for 30 consecutive days. http://www.libertydollar.org/ld/faqs...ver-twenty.htm In order for it to have switched over to a $50 base, the 30 day moving averagy of silver needed to stay above $16.50 for 30 consecutive days. By that time, it is likely that silver would likely have been spotting in the $20 to $25 range. Some associates thought that a simple halving would have been in order with a 1 oz being $40 and the 1/2 oz's now being $20. But it's also possible that the dollars deflation rate would have increased and that silver prices of $40 would have been only a year later.

Back in the 1880's silver had come down to as low as .25 per oz as compared to Gold. I think they had left the bi-metal standard for a short time. Lots of acts and amendments going back and forth after the civil war concerning the money base. The us Mint or other mints could take a $20 gold coin, buy 80 oz's of silver, put 3/4 of an oz of silver (about .18 cents) and another .02 cents of copper and labor in it and sell them through the banks for $1.00, thereby making $80 profit on the $20 purchase. The banks probably got them at discount and pushed them. This would be one of the reasons there were so many silver coins produced at that time period.

That's not to say that the LD was making such profits as clearly it wasn't, but showing that the fluctuation in silver price began occuring after the civil war and the a U.S. dollar did not contain a full $1.00 of silver ever since shortly after the legal tender act.

As for the value of the 2003. I don't think they minted many 2004's. The switchover spot had teased them twice in 2004 and once in the spring of 2005 before switching over. After thanksgiving 2005, people could send their $10 libs in (plus $1.50 for reminting) and recieved $20 2005 Lib dollars. It's rarity as a numisatic and conversation piece especially when coupled with a $20 lib right beside it to explain what was going on with the price of silver is higher than it's silver only or face price.