1.5 oz Silver Round

1.5 oz Silver Round: frequently asked questions

How much is a 1.5oz silver round worth?

The cheapest 1.5oz silver round we track is $102.75. Because these rounds contain 1.5 troy ounces of 999 fine silver, their intrinsic value is 1.5 times the prevailing $65.58 silver spot price. The dealer premium above that is currently 4.9%, bringing the all-in cost to $102.75.

What premium do 1.5oz silver rounds carry over spot?

The lowest premium we track on a 1.5oz silver round is 4.9% over the $65.58 silver spot price, available from BullionStar US. Generic rounds typically carry lower premiums than branded sovereign coins because they carry no legal-tender status and involve simpler production, making them a cost-efficient way to stack silver by weight.

What is a 1.5oz generic silver round?

A 1.5oz generic silver round contains 1.5 troy ounces (approximately 46.66 grams) of 999 fine silver. Unlike sovereign coins, rounds are privately minted, carry no face value and no legal-tender status. They typically bear simple or minimal designs rather than a branded series, which keeps production costs low and premiums closer to spot than collector coins.

Is silver bullion taxed when you buy it?

Purchase taxes on silver vary by country. In the UK, silver rounds attract 20% VAT (unlike investment gold, which is VAT-free). Canadian buyers pay 0% GST on silver bullion, and Australian buyers pay 0% GST. In the US there is no federal sales tax on silver, though state-level sales tax rules differ.