1 oz Mermaid Silver Round

The 1 oz Mermaid Silver Round

The Mermaid design belongs to Scottsdale Mint's Pacific-themed silver bullion programme. Scottsdale Mint, founded in 2008 and now manufacturing at a 70,000+ square foot facility in Casper, Wyoming, is one of the larger US private mints, producing legal tender coinage for more than 20 sovereign nations alongside its own bars and rounds. The mint is identifiable by the lion hallmark that appears on most of its products.

As a round rather than a coin, this piece carries no face value and no legal tender status. That distinction is what you are saving money on: silver rounds typically trade at 5-10% over spot, positioned between bars at 3-8% and government coins at 15-25%. The Mermaid series itself launched in late 2021 with a darker, mythology-heavy design, then shifted in 2022 to the more elegant Princess of the Sea aesthetic, a mermaid swimming through a turbulent ocean holding a string of pearls. The series' coin version is issued as Samoa legal tender; the round format delivers the same .999 fine silver and design appeal without the sovereign-issue premium.

Resale is straightforward for rounds from established mints. A round bought at 8% over spot might sell back at 4-6% over spot, so the buyer gets more metal upfront than a coin buyer, at the cost of recovering less premium at exit. Buyers prioritising maximum metal per dollar usually weigh rounds like this against 1 oz silver bars.

1 oz Mermaid Silver Round Specifications

Scottsdale Mint strikes its silver products in .999 fine silver and applies its proprietary Certi-Lock tamper-evident packaging across many of its bar and coin lines, with encrypted barcodes, unique serial numbers, holographic elements, and synthetic DNA anti-counterfeiting technology verifiable through a companion smartphone app. The mint is ISO 9001:2015 certified, and its products meet ASTM purity standards.

Rounds share the physical format of coins, so they are compatible with standard 39 mm capsules and tubes; tubes typically hold 20 pieces. Basic authentication for any 1 oz silver round comes down to weight (31.1 g), dimensions, and the magnet slide test: a rare earth magnet should slide slowly down a tilted silver round because silver is diamagnetic, while ferrous fakes stick and lead or tin fakes slide at the wrong speed. Store silver in dry conditions and keep it sealed where practical, since it tarnishes on exposure to sulphur compounds.

Mermaid Silver Round Tax Treatment by Country

Silver rounds receive the same tax treatment as silver bars everywhere; the coin-versus-non-coin distinction only matters for the UK CGT exemption, which rounds do not get.

• US: No federal sales tax, and most states exempt bullion. Long-term capital gains are taxed at the collectibles rate of up to 28%. Rounds are most popular in the US, where the dense dealer network makes resale straightforward.
• UK: 20% VAT on purchase and CGT liability on sale. Rounds offer no advantage over bars here and lack the CGT exemption of legal tender coins like the silver Britannia, which makes them hard to justify for UK buyers.
• Canada: 0% GST/HST on silver refined to 99.9% purity or higher, which .999 meets.
• Australia: 0% GST on investment-grade silver at 99.9% purity or higher.
• New Zealand: GST-exempt at 99.9% silver purity or higher; no formal capital gains tax.
• Singapore: 0% GST under the Investment Precious Metals scheme; no capital gains tax.
• Hong Kong: No sales tax, no import duty, no capital gains tax.
• EU: Full local VAT at standard rates, with no margin scheme benefit since rounds are not second-hand coins.