About Silver Rounds
Privately minted silver coins are commonly called “silver rounds”. They are called “rounds” instead of “coins” because the US Mint reserves the use of the word “coin” for Government Issued circulating currency. This includes all common coins and the American Silver and Gold Eagles.
Silver rounds are different from silver bullion or silver numismatic coins, in that they are privately minted and usually have a set weight of 1 troy ounce of silver (31.103 grams of 99.9% silver). The dimensions are 1/10 inch thick and 39 mm across. Silver rounds carry many different designs, from assayer/mine backed bullion to engravable gifts, automobiles, firearms, armed forces commemorative, and holidays. Unlike silver bullion coins, silver rounds carry no face value and are not considered legal tender.