You Can Buy Engelhard Silver Rounds Online

Let me first answer this question: What are silver rounds?

Silver bullion rounds confuse some investors because more often than not rounds actually resemble silver coins. The only difference is that silver coins such as the American Silver Eagle are minted in government mints, while silver rounds such as those from Engelhard were printed by the Engelhard mint, a privately owned company.

Silver rounds got their moniker because as silver was shaped into coins it became possible to stack them into rolls, making it easy to handle and ship. Silver rounds are also called art rounds because, many of them are inscribed with many designs and motifs such as religious, military, cars, holidays, and many more.

Specification of silver rounds

Silver rounds come in a variety of sizes, the most popular of which is the 1 oz silver round. In fact the most famous silver rounds are the 1 ounce varieties. But if you wish to purchase smaller quantities and sizes there are also 1/10th, 1/4th and ½ oz silver rounds. The general rule is, the smaller the round, the more it will cost over the spot price of the silver in the round. As it is with silver bars and silver coins the heavier or larger your order is, the lower your price will be.

Like silver coins, silver rounds also have their purity, weight, and logo of the mint somewhere on the round. Silver rounds can also be bought in boxes just like silver coins or silver coins.

As far as purity goes, silver rounds are usually just as good as silver bars or coins and you can buy them safely from online dealers everywhere.

Why buy silver rounds?

Silver is a very precious metal and is valuable in all its forms, but why exactly should you buy silver rounds? Now that the volume of silver available above ground has been increasing steadily, silver rounds are less expensive than silver coins while retaining the same level of purity. Some silver rounds have also become collector’s items so you shouldn’t be surprised if you are asked to shell out a bundle for some.

Some other reasons to buy silver rounds are mentioned below.

• They are readily available.
• They sell for lesser premiums than standard government minted silver coins.
• They can be easy stored, packed, counted and shipped whenever the need arises.
• They can be easily liquidated.

Engelhard Silver Rounds

Engelhard silver rounds were minted by the Engelhard Corporation which was a Fortune 500 company and called Iselin, New Jersey its home. Other than its minting business for which it was widely known, the company also developed the world’s first catalytic converter.

Before the company was bought by BASF for $5 billion in 2006 and completely absorbed, Engelhard was the world’s largest refiner of precious metals. Engelhard doesn’t exist anymore and is not in the minting business either, making Engelhard silver rounds increasingly valuable.

The company may not have survived, but its legacy is still strongly felt everywhere. Engelhard silver rounds are some of the most sought after rounds in the market today. The rounds have not been printed since 1988 and they may not be minted ever again because of the above mentioned reason. The only place you can buy Engelhard silver rounds now is on the secondary market and even that can’t be done everywhere. The easiest place to find an Engelhard silver round is on the internet, from the variety of dealers that exist.

How to Identify an Engelhard Silver Round?

Engelhard silver rounds are very easy to differentiate from other silver rounds. On the obverse side, above the letters ‘The American Prospector’ you can see an old prospector panning for gold on a river bank. To the left of the kneeling prospector are the letters, U.S.A and to his right is the year in which the round was printed. When you buy Engelhard silver rounds you should be sure that these images are present and clearly visible.

In the center of the reverse side of the round is a globe. At the center of the globe a single slanting letter E is imprinted, and above the globe is the word, ‘ENGELHARD’. Below the globe are the words ‘One Troy Ounce’ and ‘999+ Fine Silver’. The round has a reeded edge and weighs around 31.21 grams. When you buy Engelhard silver rounds, hold the rounds for some time. Later if the need ever arises that you have to sell it, you are sure to get a premium over the price you paid for it.