Hey Joel. You are correct. It is 1 ounce of silver so if you were to bring to a coin shop they would probably offer you under 16$ for it as they are interested in the silver content. As a collector it is only worth what you are willing to pay for it. One ounce is small. The pics are good and make it seem big.
In my opinion it seems very high. Even if it is rare. So dont buy it for the silver value. If it is something you truly desire than buy it... But know that in the silver world it is only worth 16$ right now and whatever a buyer is willing to pay for its collectibility. Good luck!
-Egan