1993-P Proof Bicentennial Silver Medal
The 1993-P Proof Bicentennial Silver Medal is a silver medal. The listed metal amount is 0.7734 oz.
History and background
The silver Bicentennial medal associated with the 1993 Philadelphia Set recognized two hundred years since the Philadelphia Mint’s first regular circulating coinage in 1793. It is a medal rather than a dollar-denominated silver coin. Its commemorative purpose belongs to the history of the national mint and should not be confused with the 1976 United States Bicentennial coinage.
Design and product identity
The medal’s identity is tied to the Philadelphia Mint anniversary and its special collector-set context. Medallic art can celebrate an institution without creating a monetary denomination. This offering is for the medal named in the product, not automatically for the complete Philadelphia Set, which originally included additional gold and silver coins. Proof production and original-set association are separate from any independent numeric grade.
Product specifications
- Metal: Silver
- Product format: Medals
- Listed metal amount: 0.7734 oz
- Mint or maker attribution: United States Mint
- Issue-year selection: 1993
- Finish or condition: Proof
- SKU: X93BSM
Understanding the metal content
Precious metal ounce weights use the troy system. One troy ounce equals 31.1034768 grams, while a kilogram equals one thousand grams. Fineness states the proportion of precious metal in an alloy; fine metal weight states the amount of that metal. An alloyed coin’s gross weight includes its other metals as well. These measurements explain why a denomination, a package weight and a stated fine metal amount should not be treated as the same specification.
Finish and condition
Proof describes a specialized manufacturing process using prepared blanks and dies to create a distinctive presentation. It does not automatically mean Proof 70, and an ungraded Proof can have its own handling or preservation characteristics. The term should be kept separate from metal purity and from ordinary mint packaging.
Preserving the product
Preserving the surface and the original identifying information helps retain the product’s physical history. Handle an unencapsulated collectible by its edges where appropriate and avoid polishing or abrasive cleaning. Keep a certified holder or stated assay package intact when retaining its identification matters. A brighter surface created by cleaning is not the same thing as a higher original condition grade.
Material, design and numismatic identity
A product’s history is carried by several different kinds of information. The issuing or manufacturing name explains its origin, the design identifies its subject, the metal specification describes its material and the condition language describes its preservation. A date can connect the piece with a particular program or historical period without proving that it is rare. These features remain meaningful together even when two offerings contain similar amounts of precious metal. Keeping them distinct provides a more accurate description of the actual object.
Composition and the finished format
Refining concerns the composition of the metal, while forming and finishing determine its physical presentation. An assay tests material composition and should not be confused with an assessment of collectible surface condition. The finished object brings together its stated material, dimensions or weight, artwork and any packaging specifically included in the offering. These characteristics describe what the product is, rather than supplying a fixed market value or a promise about a later sale.
Historical and technical references: PCGS reference.
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Understanding Product Pricing
Understanding Product Pricing
Our prices include the product premium and the approximately 4% payment processing fee charged by our payment providers. We accept all major credit cards, debit cards, and PayPal, and the price you see is the price you pay with no hidden checkout fees.
Shipping & Return
Shipping & Return
Please call our office within 3 days from the delivery date if you would like to return your order. Please note that you may be liable for a market-loss fee.
What is a market loss fee?
What is a market loss fee?
Due to the nature of this industry, pricing can change every second for precious metals. For this reason, we (along with all major dealers) fully hedge our inventory. This process locks in our margin at the time that we purchase the inventory, so that we do not have spot-market risk. When your order is confirmed with us (not when you pay), we “buy back” our hedge on those items, thus making the metal completely susceptible to changes in its market value. If you decide you would like to cancel your order, return your order, etc and there is a decrease in spot value of your material, you are responsible for paying us that difference in price. We often get asked if the spot market goes up, do we pay you? Although we understand where it would seem as if that should be the case, that is not how hedging works. We do not make extra profit if the spot market goes up as the cost to “buy back” the hedge on your metal also increases. Our margin is our margin, regardless of the spot market. In the event that the spot market goes up, we just break even on the product due to this rise in cost. So, no we do not pay you if the market goes up.
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