Tim A. writes: Doc, I have a one pound silver certificate from the Washington Mint. What is it worth and where can I sell it? I live in the Detroit area. Thanks for your help. Tim
This is just a fancy bullion bar produced by a private company. The Washington Mint is a privately owned firm with no connection to the United States Mint. They purposely named their firm “The Washington Mint” so hopefully you would THINK they were an official government body. Collectors usually do not have in interest in these contrived issues and so there is no ready market for such an item (That doesn’t mean you couldn’t sell it, just that the market doesn’t buy and sell these items). It’s chief value would be in the silver content.
I assume the weight is a Troy pound (12 ounces of 31.1033 grams each) and not a Avoirdupois pound (16 ounces to the pound of 28.34 grams each). Metals are measured in Troy. Take the world silver price and multiply it by 12 to get the value of your silver bar.
You can sell this bar at any coin shop or metals refiner.