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Your item isn't a Federal Reserve note and it's not issued by the US Treasury. It's a privately-manufactured bullion piece whose value is based on the amount of pure silver it contains.

It should have the silver's fineness (purity) shown as a percentage (e.g. 99%) or a decimal (e.g. .999 fine). Multiply the fineness by the current price of silver for an approximation of its raw metal value. You can find daily silver prices at many sites; kitco (dot) com is a particularly well-known source.

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10y ago

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