Question:

How much is a one troy ounce silver 2000 millennium eagle coin worth?

Answer:

It is generally worth the current price of silver, which is $29.06 a troy oz. eBay currently has a listing for a millenium silver eagle prices at $20. AnswerParty!

More Info:

The troy ounce (oz t) is a unit of imperial measure. In the present day it is most commonly used to gauge the mass of precious metals. One troy ounce is currently defined as exactly 0.0311034768 kg or 31.1034768 g. There are approximately 32.15 troy oz in 1 kg. One troy ounce is equivalent to approximately 1.09714 avoirdupois ounces.

The troy ounce is part of the troy weights system, many aspects of which were indirectly derived from the Roman monetary system. The Romans used bronze bars of varying weights as currency. An aes grave weighed equal to 1 pound. One twelfth of an aes grave was called an uncia, or in English an "ounce". Later standardization would change the ounce to 1/16 of a pound (the avoirdupois ounce), but the troy ounce, which is 1/12 of a troy pound (note that a troy pound is lighter than an avoirdupois pound), has been retained for the measure of precious metals. At 480 grains, the troy ounce is heavier than the avoirdupois ounce, which weighs 437.5 grains. Since the implementation of the international yard and pound agreement of 1959, a grain has been defined as exactly 64.79891 milligrams (mg); hence one troy ounce is 31.1034768 grams (g) (exact by definition), about 10 percent more than the avoirdupois ounce, which is 28.349523125 g (exact).

Currency Coins

A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.

The best-known precious metals are the coinage metals, gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded.

In physics, mass (from Greek μᾶζα "barley cake, lump [of dough]") is a property of a physical body which determines the body's resistance to being accelerated by a force and the strength of its mutual gravitational attraction with other bodies. The SI unit of mass is the kilogram (kg). As mass is difficult to measure directly, usually balances or scales are used to measure the weight of an object, and the weight is used calculate the object's mass. For everyday objects and energies well-described by Newtonian physics, mass describes the amount of matter in an object. However, at very high speeds or for subatomic particles, General Relativity shows that energy is an additional source of mass. Thus, any body having mass has an equivalent amount of energy, and all forms of energy resist acceleration by a force and have gravitational attraction.

There are several distinct phenomena which can be used to measure mass. Although some theorists have speculated some of these phenomena could be independent of each other, current experiments have found no difference among any of the ways used to measure mass:

Numismatics

The troy ounce (oz t) is a unit of imperial measure. In the present day it is most commonly used to gauge the mass of precious metals. One troy ounce is currently defined as exactly 0.0311034768 kg or 31.1034768 g. There are approximately 32.15 troy oz in 1 kg. One troy ounce is equivalent to approximately 1.09714 avoirdupois ounces.

The troy ounce is part of the troy weights system, many aspects of which were indirectly derived from the Roman monetary system. The Romans used bronze bars of varying weights as currency. An aes grave weighed equal to 1 pound. One twelfth of an aes grave was called an uncia, or in English an "ounce". Later standardization would change the ounce to 1/16 of a pound (the avoirdupois ounce), but the troy ounce, which is 1/12 of a troy pound (note that a troy pound is lighter than an avoirdupois pound), has been retained for the measure of precious metals. At 480 grains, the troy ounce is heavier than the avoirdupois ounce, which weighs 437.5 grains. Since the implementation of the international yard and pound agreement of 1959, a grain has been defined as exactly 64.79891 milligrams (mg); hence one troy ounce is 31.1034768 grams (g) (exact by definition), about 10 percent more than the avoirdupois ounce, which is 28.349523125 g (exact).

The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. § 5112(e)-(h). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments.

Troy weight is a system of units of mass customarily used for precious metals and gemstones. There are 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437½ grains. Both systems use the same grain defined by the international yard and pound agreement of 1959 as exactly 0.06479891 gram. Although troy ounces are still used to weigh gold, silver, and gemstones, troy weight is no longer used in most other applications.

Silver Eagle Ounce

1986–present Proof

2006–present Uncirculated

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