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The 1 oz Silver Round is considered a cost effective way of buying silver.
The most common and simplest of the 1 ounce silver bullion coins as well as the lowest premium of any .999 silver 1 oz coin. There are many variations of the coin as many mints have released their own 1 oz silver coins. What is important to look for is that the coin has either 1 troy ounce .999 or “fine” silver.
1 oz silver rounds are a low premium solution for one’s precious metal buying needs. As with all silver, a substantial store of wealth is quite bulky, but nonetheless these silver coins do store conveniently in coin tubes, which generally come in stacks of twenty coins.
They are a low premium alternative in the same family of silver retail products as 100 oz silver bars,10 oz silver bars, 1 oz silver bars and 90% junk silver. These products have in common that they are either privately minted or low premium when compared to the national government coinage. As always, be sure to nudge your bullion dealer for the nice ones and maybe take a bit off the top (it’s important to practice bartering), but make sure they can keep on paying their bills!
Silver As An Investment
Silver has been regarded for more than 4,000 years as a form of money or store of value. Since the end of the silver standard, however, in the 19th century, silver has not been legal tender in most developed countries like the United States.
Millions of ounces of Canadian Silver Maple Leaf coins and American Silver Eagle coins are purchased as an investment each and every year. The Silver Maple Leaf is legal tender at $5 per ounce and there are many other silver coins with higher legal tender values, such as $20 Canadian Silver coins. Silver is legal tender in Utah, and can be used to pay all debts.
|Gross Weight:||1 troy oz (31.103 grams)|
|Actual Silver Weight:||1 troy oz (31.103 grams)|