When it comes to investing in silver, many individuals opt for bullion bars without realizing Silver Rounds offer the exact same benefits. The only real difference between a bar and round is their shape. That said, Silver Rounds are produced by a greater number of private mints, giving collectors and investors a wider range of designs to select from. We should also mention that Silver Rounds composed from one ounce of .999 fine silver are the most sought-after of all the available weights.
1 oz. Silver Rounds are a smart choice for anyone looking to buy silver bullion in small quantities and at an extremely reasonable price. While they have a similar appearance to coins, it’s important to know that 1 oz. Silver Rounds do not have any legal tender value and are produced by private mints rather than government mints.
One of the advantages of purchasing 1 oz. Silver Rounds is the wide variety of designs to choose from. There are actually three different types of silver rounds being produced today, all of which are highly desirable among investors and collectors.
Many 1 oz. Bullion Silver Rounds feature nothing more than the round’s purity and weight, as well as a maker’s marks. Some will also include the mint’s logo. They feature quite plain designs and tend to be popular with those who are only interested in buying rounds for their silver content.
Take the 1 oz. Republics Metals Corporation (RMC) Silver Round for example. On the obverse side is the RMC logo and the mint’s name, along with the inscription 1 TROY OUNCE .999 FINE SILVER. The reverse side is a little more decorative and features a repeating pattern of the mint logo.
Commemorative Silver Rounds are perhaps the most sought-after type of them all, especially as they boast designs that celebrate historical events and important figures. Some private mints even produce 1 oz. Commemorative Silver Rounds that have been designed to look like old coinage, such as the Walking Liberty Half Dollar, the Morgan Silver Dollar and the Saint Gaudens Coin.
As previously mentioned, 1 oz. Silver Rounds and other weights are not treated as currency because they don’t have a face value and are not forms of legal tender. However, many enthusiasts enjoy collecting 1 oz. Commemorative Silver Rounds, which tend to cost much less than the original coins. These wonderfully decorative rounds are also considered excellent investments with aesthetic appeal.
In addition to creating 1 oz. Bullion and Commemorative Silver Rounds, many respected private mints produce Proof Silver Rounds. These rounds are considered special edition pieces with a mirror-like finish because they have been struck multiple times. 1 oz. Proof Rounds usually carry higher premiums than the two other round types and prices can vary depending on the design.
Popular 1 oz. Proof Silver Rounds include the Mucha Collection and the Amy Brown Collection from the Anonymous Mint, as well as the American Skulls Collection from the Osborne Mint. We should also point out that many of the 1 oz. Proof Silver Rounds being produced today are available in limited mintages.
Not only do 1 oz. Silver Rounds carry modest prices above spot silver price but they also make valuable additions to any collection or portfolio. Although 1 oz. Silver Rounds do not have legal tender value, they are produced by some of the most famous mints including Sunshine Mint, SilverTowne, Osborne and Engelhard.
1 oz. Silver Rounds containing .999 fine silver are small and portable, which means they can also be easily stored and stacked. Their value is mostly tied to their silver content; however, some of the more decorative designs are considered important collector’s pieces. Many 1 oz. Silver Rounds are even IRA eligible, making them ideal as an investment vehicle.
Whether you prefer Bullion, Commemorative or Proof Silver Rounds, Capital Gold Group can help to ensure you only purchase the highest quality pieces containing one full ounce of silver. There are so many options available to you, so please don’t hesitate to reach out to us for further advice before placing an order.