Silver rounds are privately minted silver bullion that comes in the shape of a coin. Silver rounds are not legal tender such as silver coins that are minted by sovereign governments. Silver rounds are shaped similar to a coin and can come in a variety of weights from fractional sizes up to kilo. The most common size Silver Round is 1 troy oz.
Silver rounds are easily stacked and can be stored in rolls or tubes. In general, tubes of silver rounds will hold 20 rounds. Storing silver rounds in tubes is a convenient way to store, stack and ship silver rounds.
Silver bullion rounds can come in a wide variety of designs. Some silver rounds are very plain and generic with no real design other than the logo from the mint. 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 silver spot price
- Premiums over spot price on silver rounds will be lower than those of sovereign government bullion coins
- The value of each silver round is based on their weight in troy ounces and is based solely on 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 a wide variety of sizes ranging from one troy ounce to 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
- They are minted by private mints and are not valid as legal tender
Varieties of Silver Rounds:
Silver bullion rounds are minted by numerous private manufactures. Some of the private mints will brand each round with their logo while sound will have a generic design. Some of the more popular private mints include Sunshine Mint, Republic Metals Corporation (RMC), 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 that are designed to thwart counterfeiting attempts.
Generic silver rounds may be produced by other private mints as well, including some that may no longer exist. In some cases, vintage silver rounds can be highly collectable and carry a significant premium over other generic silver rounds.
Some private manufacturers produce silver rounds that are intended to be collectibles and carry a higher premium such as the Privateer Series from Elemetal.
Most Valuable Silver Rounds:
Engelhard Silver Prospectors is the one ounce silver round that is 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 occasionally can 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 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 be sure to 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 in terms of customer service, pricing and free shipping. They carry 1 oz Silver Rounds from a variety of leading manufacturers with a number of different designs available. The best value is their Random Manufacturer Generic Silver Rounds. These rounds will be dealers choice and may include new and secondary market silver rounds. Each will contain 1 troy ounce of pure .999 silver. Golden Eagle Coins has been in business since 1974 provides free shipping on all orders over $99.
Best for Quantity Orders
SD Bullion has been in business since XXXX. They carry a wide variety of generic silver rounds at the lowest premiums over spot price. For orders that are less than $2,500 they charge a small shipping fee which will increase the overall price per silver round.
Silver Bullion Rounds Summary
Silver bullion rounds are the most affordable, easy to store investment you can make in precious metals. They provide an excellent opportunity for anyone interest in precious metals investment to get started with silver bullion.
