1983 1 Oz Monex $10 Trade Eagle Round BU

Monex, like a few other companies, issued silver rounds that could be converted to fiat currency at a future date. These $10 Silver Trade eagles could be turned in for the greater of $10 or the spot price of silver at any point until they reached maturity. The maturity date was set at January 31, 1988, indicating the rounds were minted and sold during 1983. The rounds were sold in $100 booklets, each containing 10 rounds. A brochure detailing the exchange policy was included with each booklet. Each round was packaged separately and could be converted individually. Monex is known to have only produced one other round, the 1982 Eagle. While the mintage of the $10 Trade Eagle is unknown, it is scarce.

Obverse: The obverse depicts an eagle in flight. A banner underneath the eagle contains the two-line text "MONEX GUARANTEES TO REPURCHASE THIS INGOT FOR NO LESS THAN TEN U.S. DOLLARS UNTIL JAN 1988". 

Reverse: The central feature on the reverse is a Monex logo, a torch surrounded by laurel leaves. The upper left inscription reads "$10 TRADE EAGLE" while the weight and composition of "999 FINE SILVER 1 OZ. TR." is located at the bottom.