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The US never made a 1 lb fine silver coin in 1888 or any other year. The highest-value circulating silver coin at the time was the famous "Morgan" silver dollar, named for its designer.

What you probably have is a modern bullion piece that uses a version of the same design, but sold to collectors and investors for its metal content. Its value would be determined by the current price of silver, about $18 / troy ounce as of 04/2010. There are about 14.6 troy ounces in a standard US pound.

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Q: You want to know about a 1lb fine silver coin made in the US dated 1888?
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