All About Silver Rounds

Silver rounds in varied condition and produced by any mint are one of the most cost effective ways to own silver in 1 oz. denominations. These .999 silver rounds are offered at an exceptionally low price point as they are sold in lots that include rounds of various condition, from old to new, and are produced by a wide variety of mints with many different designs. In terms of silver weight and value, these rounds are equal to the brand new version of minted silver rounds.

Silver rounds  appear almost the same as silver coins, with the main difference being that any private mint can produce silver rounds, while only government mints can produce silver coins. This distinction allows a lower fabrication premium for rounds than silver coins.

Silver rounds are no better or worse than silver bars and it is simply a matter of preference which type of silver you choose to order. Silver rounds will be available mainly in 1 oz. sizes and can be purchased in bulk, while you can order less bars but in heavier weights. So long as the item that you are buying is pure silver, there is no inherent difference between these two types of silver bullion.

Silver rounds are commonly issued to commemorate specific events, and are often popular with collectors, or as gifts. Other rounds are simply issued as an alternative, convenient means for storing silver, just like silver bars. Trustworthy, well-known brands include Sunshine Minting, U.S. Assay, A-Mark, Silvertowne, Engelhard and Johnson Matthey. There are countless other mints that produce generic silver rounds, many that are no longer in existence.

Silver rounds are mainly found in 1 oz. denominations. They look similar to a silver coin in design and shape. Unlike coins, however, rounds are produced by private mints and not governments. Rounds are often seen as commemorative releases, but many are also minted with nothing more than the brand of the mint on either side of the silver.

For 1 oz. silver rounds, the cost will usually hover around a few dollars over spot per ounce. The smaller you go, the higher the relative price over spot. As was the case with both bars and coins, rounds will also allow you to earn a discount per ounce if you purchase larger/heavier rounds.

Fractional silver rounds are a hot item they trade for a higher premium over the price of silver than 1 oz rounds because the same striking fee applies to this product as to any other product. Private mints commonly charge $0.40 to $0.60c per strike regardless of the weight of the item being struck.

In order to buy silver rounds in .999 quality, we offer two different options, phone and online checkout. If you would like to place your order by phone, we are available to assist from 9-5 CST, M-F. To purchase silver rounds online, simply add your desired quantity to your cart and proceed to payment and shipping information. To learn more about this product or any other rounds and silver products that we have available, we welcome your inquiries at any time.