Silver rounds contain one ounce of .999 fine (99.9% pure) silver and are manufactured by (or for) a number of sources. Among the most popular and well-known 1-oz silver rounds presently being minted are those carrying the names of Sunshine Minting and A-Mark Precious Metals.
Other just as popular 1oz silver rounds, but without the mints' names, are the Buffalo/Indian Head silver rounds and the Standing Liberty silver rounds. These two are silver investor favorites because of their designs. The Buffalo/Indian Head silver rounds are modeled about the famed Buffalo/Indian Head nickel (1913-1937).
The Liberty silver rounds are so named because the famed Standing Liberty graces the obverse (front). The reverse of the Standing Liberty silver rounds carries a magnificent bald eagle, our national bird.
Silver rounds offer flexibility
Silver rounds offer flexibility when silver investing. Buy 1,000 one-ounce silver rounds, and you get 1,000 pieces of silver. Buy 1,000 ounces in 100-oz silver bars, and you get ten pieces of silver. Additionally, when it comes time to sell, smaller pieces offer more flexibility than larger pieces.
However, silver rounds carry higher premiums than most other silver investments, such as 100-oz silver bars which are silver investor favorites. The silver rounds' flexibility comes both with buying and with selling.
Sunshine silver rounds
Sunshine silver rounds are popular because they are usually readily available, and the name Sunshine is nearly synomomous with silver because of the famed Sunshine silver mine in Coeur d'Alene, Idaho. Sunshine silver rounds are cleared stamped one ounce .999 silver.
Sunshine silver rounds are sometimes called silver eagle rounds because the front depicts an eagle flying through the sun. However, in the silver bullion community, the term Silver Eagles is reserved for the U.S. Mint's American Eagle silver coins.
Sunshine silver rounds usually come in bags, 250 rounds to a bag.
A-mark silver rounds
A-mark silver rounds have been manufactured since 1983 and sometimes show up in the secondary market. However, most A-mark silver rounds now available are new, 20 coins to a tube.
Amark silver rounds carry an image of the Liberty Bell on one side and an image of an eagle on the other. They are clearly marked 1-oz .999 silver.
Buffalo silver rounds
Buffalo/Indian Head silver rounds are relatively new but are widely accepted because of their design: the legendary U.S. Buffalo/Indian Head nickel, which was minted 1913-1937. Across the top on the back is UNITED STATES OF AMERICA. However, the coins are privately-minted. The U.S. Mint turns out the 1-oz Silver Eagles(http://www.cmi-gold-silver.com/american-silver-eagles.html), officially called American Eagle silver coins.
Buffalo silver rounds usually come 20 rounds to a tube.
Standing Liberty silver rounds
Like the Buffalo/Indian Head silver rounds, the Standing Liberty silver rounds are popular with silver investors because of their design. The classic Augustus Saint-Gaudens' Standing Liberty, which graces the beautiful $20 Double Eagle gold coins (1908-1933) known as the Saint-Gaudens, stands proudly on the Standing Liberty silver rounds. The reverse carries an image of a magnificent gold eagle.
Standing Liberty silver rounds usually come 20 rounds to a tube.
Generic silver rounds
Generic silver rounds refers to 1-oz .999 silver rounds that generally are not identified by their names. With the silver bullion industry now in its fourth decade, many silver rounds fall into the category of generic silver rounds.
Often generic silver rounds are decades old and are tarnished. Generally, older generic silver rounds can be bought at slightly lower premiums than new generic silver rounds. Tarnish on silver rounds is an aesthetic issue and in no way diminishes their intrinsic value. Generic silver rounds usually come 250 rounds to a bag.
Engelhard Prospector silver rounds
From 1975 to 1988, Engelhard produced 1-oz Prospector silver rounds. The Prospector silver rounds were so named because the obverse of the round bears the image of a prospector panning for gold. (Prospectors do not pan for silver, but when Engelhard put out Prospector silver rounds, they also minted Prospector gold rounds, and prospectors do pan for gold. However, the Engelhard gold rounds were never able to compete with government-issued gold coins and not many were sold.)
Because of their high quality and the name Engelhard, Prospector silver rounds have remained extremely popular with silver investors. Engelhard Prospectors are no longer made and are available only when investors sell into the secondary, which is not often. When Prospector silver rounds are available at only slightly higher prices than other silver rounds, buy them.
Engelhard Prospector silver rounds usually come 25 coins to a tube, but sometimes 20 coins to a tube.
Johnson Matthey silver rounds
In the mid-1980s, Johnson Matthey, a company in the precious metals industry as respected as Engelhard, minted Freedom Rounds, so named because they celebrated the first ten amendments to the U.S. Constitution, known to all Americans as the Bill of Rights. Freedom silver rounds are excellent pieces and should be acquired when available; however, few were made, and they rarely show up in the secondary market. Johnson Matthey Freedom silver rounds and Engelhard Prospector silver rounds carry about the same premiums.
When originally manufactured, Johnson Matthey Freedom silver rounds came in Mylar sheets of twenty. When they show up in the secondary market, sometimes they are still in the original Mylar packaging, sometimes they are out the Mylar and in tubes.
How to buy silver with CMIGS
The minimum silver order with CMI Gold & Silver Inc. is five hundred ounces, with the exception of junk silver coins. The minimum order for junk silver coins is $500 face value (a half-bag), which contains 357.5 ounces of silver.
Orders are shipped fully insured, via either United States Postal Service registered mail or via UPS.