The requirement for alternative raw materials for fuel pellets that would enable the use of readily available low-cost renewable resources and waste materials, such as bark, has always attracted interest. The aim of the current work was to assess the effect of black pine (Pinus nigra L.) bark content (0%–100%) as well as densification temperature on the properties of black pine wood pellets produced in a single pellet die. The quality assessment of the pellets was carried out by the determination of radial compression strength, density, moisture content, ash content, and surface roughness. The results showed that adding black pine bark to the pellet feedstock resulted in the production of substantially smoother and moderately denser pellets, which also exhibited higher mechanical strength than that of the respective pellets of pure wood. Finally, it was shown that black pine bark can be a valuable raw material, which can induce improved bonding of biomass particles and may provide the opportunity to create pellets of favorable characteristics at a lower temperature compared to those made of pure wood.