One ounce silver rounds are similar to a silver coin, primarily in design and shape. Silver rounds are produced by private mints, not governments, and are not legal tender. Rounds can feature many unique designs and are most often minted from .999 or higher and will be stamped with the mint hallmark, weight and purity.
Quick Facts About 1 oz Silver Rounds
Silver rounds come in a wide selection of designs from a wide range of private mints. Each private mint has their own creative direction when it comes to producing .999 fine silver rounds. Some offer historical, cultural, or popular themes which are increasingly popular amongst collectors. While other private mints stick to minting generic 1 oz silver round designs that carry the lowest premiums over spot price. This allows both collectors and investors to each pursue specific sets or series that resonate with their interests.
Silver is more affordable, which makes starting a collection of 1 oz rounds more accessible than gold. Silver holds intrinsic value and can also serve as a hedge against inflation.
Investment Benefits of 1 oz Silver Rounds
Hands down, one ounce silver rounds are the best selling physical silver investment. They are popular because of the size, the weight, the intrinsic value and lower premiums over spot price.
Silver rounds are manufactured by private mints as a cheaper alternative to coins. The one significant difference between a round and a coin is the lack of legal tender status for rounds. The amount of precious metal in each silver round is identical to that of a coin of the same weight.
The most common is the buffalo silver round which is inspired by the design of the Indian Head nickel. These generic silver rounds are made by dozens of private mints, most with only subtle differences in design. They are minted from 99.9% pure silver or higher and are typically 39mm in diameter and around 3mm thick, slightly larger than an old silver dollar coin.
The affordable nature, intrinsic value and compact size of generic silver rounds makes them easy to buy at intervals to add to your stack on a regular basis.
Some of the lowest premium private mint silver rounds designs are inspired by early American coins.
Prices and premiums vary and some designs are highly collectable with limited mintages and uniqueness of the theme.