Silver rounds are privately minted silver bullion in the shape of a coin. They are not legal tender, unlike silver coins minted by sovereign governments. Silver rounds are shaped like coins and can come in various weights, from fractional sizes up to kilos. The most common size is 1 troy oz.
Silver rounds are easily stacked and can be stored in rolls or tubes. In general, tubes of silver rounds hold 20 rounds. Storing silver rounds in tubes is a convenient way to store, stack, and ship them.
Silver bullion rounds can come in a wide variety of designs. Some silver rounds are plain and generic, with no design other than the mint logo. Other silver rounds have very intricate designs and can become highly collectible on their own.
Are Silver Rounds as Good as Coins?
- Silver rounds can be bought from any online bullion dealer for a very low premium over the silver spot price
- Premiums over the spot price on silver rounds will be lower than those of sovereign government bullion coins
- The value of each silver round is based on its weight in troy ounces and is based solely on the silver spot price
- Silver 1 oz rounds are a convenient size for stacking and can easily be traded or bartered if SHTF
- Silver rounds come in a variety of weights, from fractional rounds as small as 1 gram to large sizes up to a kilo
- You can buy silver rounds in various sizes ranging from one troy ounce to a kilo. One ounce Silver Rounds are the most popular
- Each silver round coin contains one full troy ounce of pure (.999) silver. Each round will be stamped with the weight and purity.
- It has a purity of .999 fine silver
- Private mints mint them and are not valid as legal tender
Varieties of Silver Rounds:
Numerous private manufacturers mint silver bullion rounds. Some private mints brand each round with their logo, while others have a generic design. Some popular private mints include Sunshine Mint, Republic Metals Corporation (RMC), and Silvertowne. Silver Rounds from these established private mints are popular amongst stackers and investors. Some privately minted Silver Rounds, such as those by Sunshine Mint, incorporate security features designed to thwart counterfeiting attempts.
Generic silver rounds may also be produced by other private mints, including some that may no longer exist. In some cases, vintage silver rounds can be highly collectible and carry a significant premium over generic silver rounds.
Some private manufacturers produce silver rounds intended to be collectibles and carry a higher premium, such as Elemental’s Privateer Series.
Most Valuable Silver Rounds:
Engelhard Silver Prospectors is the one-ounce silver round most sought after by collectors. It was minted by Engelhard but has not been produced since 1988. This silver round is difficult to obtain and can occasionally be purchased on the secondary market.
Best Dealers to Find Silver Rounds
Silver rounds can be bought from any online bullion dealer. They are one of the most common precious metals investments and will have the lowest premium over the spot price. We track the prices of generic silver rounds from over 25 of the most trusted and reputable online bullion dealers.
Pricing of silver rounds will vary amongst dealers. When you buy silver rounds, look for volume discounts that some dealers offer. Purchasing in quantities of 10 or more ounces usually includes a discount on the dealer premium and may include free shipping.
Best All-Around
Golden Eagle Coins provides the best overall value regarding customer service, pricing, and free shipping. They carry 1 oz Silver Rounds from various leading manufacturers with several different designs available. The best value is their Random Manufacturer Generic Silver Rounds. These rounds will be dealers’ choices and may include new and secondary market silver rounds. Each will contain one troy ounce of pure .999 silver. Golden Eagle Coins has been in business since 1974 and provides free shipping on all orders over $99.
Best for Quantity Orders
SD Bullion has been in business since 2012. They carry various generic silver rounds at the lowest premiums over the spot price. For orders less than $2,500, they charge a small shipping fee, which increases the overall price per silver round.
Silver Bullion Rounds Summary
Silver bullion rounds are the most affordable, easy-to-store investment in precious metals. They provide an excellent opportunity for anyone interested in investing in precious metals to start with silver bullion.