Asahi Buffalo Silver

Asahi Buffalo Silver: frequently asked questions

How much do Asahi Buffalo silver rounds cost?

Asahi Buffalo rounds trade close to the live $65.33 silver spot price, with a small fabrication premium typical of branded private-mint rounds. We track 2 listings from 1 dealer on this page, where you can compare current offers. Premiums are similar to other recognised private-mint rounds and generally lower than sovereign bullion coins.

How can you tell if an Asahi Buffalo silver round is genuine?

Look for the Asahi Refining mint mark, a stylised rising sun logo, stamped below the Native American portrait on the reverse. The round is .999 fine silver and weighs exactly one troy oz. Asahi is an LBMA Good Delivery accredited refiner, which provides an institutional supply chain assurance. Purchasing from a known dealer, weighing the round, and checking the reeded edge for consistency are all standard verification steps.

Where is Asahi Refining based, and what products are in the Buffalo series?

Asahi Refining is a North American precious metals refiner, formed in 2015 when Asahi Holdings of Japan acquired Johnson Matthey's gold and silver refining operations. It operates refineries in Salt Lake City, Utah, and Brampton, Ontario, with a minting facility in Miami, Florida. The Buffalo series is a 1 oz .999 fine silver round in standard Brilliant Uncirculated and Reverse Proof finishes, both featuring James Earle Fraser's classic American Buffalo design.

Is silver exempt from capital gains tax?

It depends on your country. In the UK, silver rounds are not CGT-exempt (they are not UK legal tender), and gains are taxable at 18% or 24% depending on your income, with a £3,000 annual allowance. In Canada, 50% of any capital gain is included in taxable income at your marginal rate. In the US, silver is treated as a collectible, with long-term gains taxed at up to 28%.