1 oz Silver Rounds
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What is a Silver Round?
Though silver rounds look similar to silver coins, they have distinct differences. Coins are produced by a government mint and carry a legal tender value, while rounds are produced privately and do not have a face value. Silver rounds are still a smart investment choice because of the universally accepted value of the metal. Additionally, privately minted rounds can also become valuable among collectors due to limited quantities, unique finishes, and an assortment of beautiful designs that are often part of a series.
Many investors and collectors enjoy purchasing silver rounds because of silver’s value and affordability. In fact, silver rounds come at a lower premium than sovereign minted silver coins. This makes silver rounds a great introduction to the precious metals market for new investors. The silver rounds offered at Provident all contain at least .999 fine silver, with many options that can be added to a precious metals IRA account.
Which Silver Rounds Should I Start With?
There are a few factors to consider when you begin investing in silver rounds, including your budget, the frequency of purchases, the weight of rounds, and the designs of rounds. The first three factors directly tie into the size of the investment you wish to make. However, investing becomes much more enjoyable when you can choose designs that appeal to your interests. This is precisely why Provident offers a wide selection of rounds with varying designs. You may wish to start your collection with popular silver rounds like the following:
- Provident Prospector: Celebrating the California Gold Rush, the Prospector silver round features a prospector holding a pickaxe and sifting pan. On the reverse, you will see a map, compass, and other tools of the trade.
- Morgan Dollar: Based on the Morgan Dollar that was manufactured by the US Mint from 1878 to 1904, this 1 oz silver round features the iconic Lady Liberty design by George T. Morgan on the obverse. The reverse features an eagle with outstretched wings.
- White Horse of Conquest: Kicking off the Four Horsemen series by Provident, the White Horse features a rider carrying a large bow. The shared reverse of the series displays a shield bearing a privy mark for each of the horsemen.
- Nidhoggr:The obverse of this round features Nidhoggr, the fearsome dragon of Nordic mythology that gnaws at the roots of the world tree called Yggdrasil. This tree is featured on the shared reverse of the Nordic Creatures series.
Why Do Silver Rounds Cost Less Than Sovereign Coins?
Even though a one ounce silver round and a one ounce silver coin weigh the same and may look similar, you will often find that the coin costs a little more. This is because a premium is added to sovereign minted coins due to limited production and several other factors. However, you will find that the value of both silver products are always dependent on spot price.
Occasionally, however, limited edition, NGC certified, or otherwise unique silver rounds may be worth more than some sovereign coins, particularly on the secondary market. Basic silver rounds are valuable to any type of investor, and specialty rounds gain value among collectors.
What is Spot Price?
Any investor of precious metals should be familiar with spot price, which is the current value of a metal. These values are constantly changing during market hours in reaction to international economic and political activities. Understanding spot prices patterns helps you choose the right times to buy and sell. Provident provides detailed and up-to-date information on our silver spot price chart to help you achieve your investing goals.
Why Choose Provident?
The Provident team is dedicated to assisting your investing goals and providing the tools you need to meet them. Our secure online ordering system is available at all times, and is backed by knowledgeable customer service representatives. We strive to offer a large assortment of precious metals products at competitive prices, all of which are shipped discreetly for your safety. Be sure to also drop by our knowledge center and blog for more information about investing and the financial industry.