Proof Silver Rounds
While all precious metal bullion products are valuable to investors, proof silver rounds are specially designed and manufactured to appeal to the interests of collectors and numismatists. These high quality rounds go through a unique minting process that produces a shiny, mirror-like finish. Proof silver rounds are made by private mints and feature beautifully sculpted designs that are often part of a series, adding to their collectability.
What is a Proof Silver Round?
Proof silver rounds are often made as specialty versions of their BU silver round counterparts. They are distinguishable by their polished appearance with frosted designs, which is sometimes referred to as a cameo effect. The ability to produce frosted detailing came about in the 1970s due to technological advances.
Because these rounds are made to be collected and not circulated, they should not show signs of wear. You can protect your rounds from damages by storing them in appropriately sized air-tite capsules.
How are Proof Silver Rounds Made?
An involved minting process that uses hands-on techniques is required for producing proof silver rounds with superior finishes. Top quality dies are polished, acid treated, and sandblasted, along with being re-cleaned after several uses. All blanks are hand polished and cleaned before being individually hand fed into presses that are fitted with the aforementioned dies. Each blank is struck at least twice in order to capture the intricate details of the design.
Because proof silver rounds are often produced in limited runs, some of them come serialized with a unique edge number. They may also come nestled inside special packaging and/or come with a certificate of authenticity.
Why are Proof Silver Rounds Valuable?
Proof silver rounds are among the highest quality on the market due to the care and extra labor that goes into making them. The more intensive manufacturing process paired with limited mintages makes these rounds more pricey than BU rounds of the same design. This is the reason that proof rounds are considered specialty products for collectors. The silver content of a proof round is the same as that of a BU round, yet the minting process makes proof rounds more valuable.
What is a Graded Proof Silver Round?
Organizations like NGC and PCGS specialize in grading coins and rounds in order to determine and preserve their condition. Grades are given based on a standardized 70-point scale, with 70 being a perfect round. Each graded round goes through a hands-on examination by a skilled coin specialist to determine the grade, then sonically sealed into a plastic casing with a label signifying the grade. Graded proof rounds come with a higher premium than ungraded versions due to this extra process. Rounds with a grade of PF70 or PR70 are highly sought after and quite valuable.
What is Spot Price?
Since metal prices remain in constant flux, the name “spot price” was given to indicate the current value of a metal at any given point. Spot prices can be vastly different from day to day, or even hour to hour. Part of becoming a smart investor is familiarizing yourself with spot prices, which Provident has made easy with our silver spot price chart (along with other top precious metals). Understanding metal spot prices helps you determine the best times to buy and sell your assets.
Why Choose Provident?
Provident understands that buying precious metals is more than an investment tool—it’s a hobby for many. That is why we offer a wide assortment of products at competitive prices, including several original series that we have designed with you in mind. On top of our impressive catalog, we have an excellent customer service team available to assist you with orders.
The Provident website is so much more than a simple store where you can purchase metals online. We provide educational materials free of cost in our knowledge center, along with a regularly updated blog for additional information about investing and the financial industry.