Silver rounds have many of the same characteristics as silver coins, though their inherent qualities make them very different. While coins are produced by specific government mints and carry legal tender status in some countries, rounds are produced by private mints and carry no legal monetary value. More and more often investors are turning to rounds as a way to invest in silver as they are a great alternative to silver bars.
One of the most uniquely designed silver rounds on the market is the 1 oz Engelhard Prospector silver round. These rounds were only minted over a 5 year period during the mid-1980s and are becoming increasingly difficult to find, adding to their popularity immensely. The topic of this article is the 1 oz Engelhard Prospector silver round and its many qualities and features.
Design and Features
The front side of the 1 oz Engelhard Prospector silver round features the iconic image of a lone American prospector panning for precious metals, presumably gold, in the shallows of a river. Underneath the image of the prospector are the words “The American Prospector” while a “USA” and year of issue indication are located on either side of the prospector.
The reverse side of the round features the Engelhard mintmark in the center while the word “Engelhard” is featured above. Underneath the mintmark are the 1 oz weight and .999 purity indications.
Packaging and Purity
When you purchase 1 oz Engelhard Prospector silver rounds they will be shipped quickly and discreetly to your door. Each and every round will be protected and secured as to prevent any damage from occurring during transit. Our goal is to ensure that your bullion reaches you in the same condition which it was in when it left our hands.
The purity of a silver round is a necessary piece of information to know when attempting to assess the round’s value. The purity of a round is a simple way of explaining how much of the round is comprised of pure silver. The 1 oz Engelhard Prospector silver round has a purity .999, meaning it is made of 99.9% pure silver. This level of purity is standard for the silver bullion industry.
Engelhard was one of the most popular mints in the world up until it was purchased and dissolved in 2006 by a German chemicals company. The history of Engelhard can be traced back to the early 1900s when it was first founded in Newark, New Jersey by Charles Engelhard. Over the first 50 years of the company’s existence it went through a number of name changes as it grew and expanded its reach.
Now that Engelhard does not exist, their products, which are still heavily circulated, have become increasingly rare to find and increasingly popular amongst investors.