Silver Bullion Rounds
Silver Bullion Rounds are generic coins minted from .999 fine silver and are available in many different designs, commemorating people, places, or events. They are minted by private mints or refineries. They are not coins though because they do not have any sort of face value - thus, have no status as legal tender. They are only worth their silver content and any possibly more if they are collectible.
Silver Bullion Rounds are minted by various small, little-known firms as well as refineries or companies that may or may not still be in business. They typically have a smaller markup than the name-brand silver coins such as the American Silver Eagle or Canadian Silver Maple Leaf.
Engelhard silver prospectors is the 1 oz. 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.
Other companies that produce silver rounds include Sunshine Minting, Johnson & Matthey, Pan American Silver, Northwest Territorial Mint, U. Assay, Pryomet, Apmex, A-Mark, and the Silvertown Winchester Indiana mint.
They often contain 1 troy ounce of silver and are struck with the issuer's hallmark insignia. Some of the more popular silver rounds feature holiday themes which may change year by year depending on the mint.
Because of their affordability, silver rounds are a great way for small bullion investors to add physical silver to their portfolio at premiums close to spot.
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