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| Product | /oz | Premium | Price | |
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The Coin Chest
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$73.09 | +11.94% |
$146.45
A$209
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About the 2 oz Dragon Silver Round
Credit Suisse Dragon Silver in 2 oz Format
The 2 oz Credit Suisse Dragon Silver Round is a secondary-market collectible from the now-defunct Credit Suisse bullion brand. Credit Suisse never manufactured its own bars or rounds; all production was handled by Valcambi SA, an LBMA-accredited Swiss refinery that has been the sole manufacturer since 2003. Following UBS's acquisition of Credit Suisse in 2023, no new Credit Suisse-branded bullion will be produced, making existing inventory finite.
The Dragon design was created for the Asian market, where dragon imagery symbolises power, prosperity, and good fortune. Credit Suisse produced a range of dragon-themed pieces targeting Chinese and Southeast Asian buyers, with the 1 tael gold art bar being the most famous. The 2 oz silver round extends this dragon motif to silver bullion at a more accessible price point than the gold versions.
For buyers, the appeal is twofold. The .999 silver content provides the fundamental investment value, functioning identically to any other .999 round. The discontinued Credit Suisse branding and dragon theme add a collector dimension that may command a modest premium on the secondary market as remaining inventory is absorbed. The 1 oz Credit Suisse Dragon is the smaller alternative in the same series.
2 oz Credit Suisse Dragon Silver Round Specifications
| Attribute | Value |
|---|---|
| Weight | 2 troy oz (62.207 g) |
| Purity | .999 fine silver |
| Metal content | 62.207 g pure silver |
| Manufacturer | Valcambi SA (for Credit Suisse) |
| Brand | Credit Suisse |
| Design | Dragon motif |
| Legal tender | No |
| Production status | Discontinued (secondary market only) |
The actual manufacturing was performed by Valcambi SA, one of the world's largest precious metals refiners and an LBMA Good Delivery accredited facility in Switzerland. This means the round's quality and purity carry the implicit backing of a major Swiss refinery, regardless of the Credit Suisse brand's corporate fate. The silver content is real, verifiable, and tradeable on exactly the same basis as any other .999 silver round.
Authentication should follow standard procedures for secondary-market bullion: weight verification (62.207g for 2 oz), dimensional measurement, and conductivity or specific gravity testing. Serial numbers on Credit Suisse products can sometimes be verified against records, though this service may have been discontinued.
Tax Position for Credit Suisse Dragon Silver
As a .999 fine silver round from Valcambi SA (an LBMA-accredited refiner), the tax treatment follows standard rules for investment-grade silver. The discontinued Credit Suisse brand does not affect the metal's tax classification.
United States
No federal sales tax. Standard state-level exemptions apply for qualifying precious metals. IRA eligibility depends on the custodian; Valcambi SA is a widely recognised refiner, but the Credit Suisse branding on a round (vs. bar) format may require specific custodian approval. Capital gains at the 28% collectibles rate.
United Kingdom
20% VAT applies on silver purchases. Not UK legal tender; subject to CGT on disposal. Any collector premium paid above melt value is not recoverable through tax mechanisms.
Switzerland
As a Swiss-produced product, the domestic Swiss VAT rate of 8.1% applies to silver bullion. Switzerland does not exempt silver from VAT (only investment gold is exempt).
Singapore and Hong Kong
Singapore's IPM scheme covers .999+ silver from accredited sources. Valcambi's LBMA status supports qualification. Hong Kong has no sales tax on precious metals. Both markets are natural homes for dragon-themed bullion given the cultural significance.
2 oz Dragon Silver Round: frequently asked questions
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The cheapest 2oz Credit Suisse Dragon silver round listed here is $146.45, around 11.9% over the $65.33 silver spot price. The comparison table above shows current dealer prices so you can find the best offer without checking each site individually.
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A silver round is a privately minted disc of silver that resembles a coin but carries no face value and is not legal tender. Government mints produce legal-tender coins backed by a sovereign authority; private manufacturers produce rounds. Rounds like the Credit Suisse Dragon trade purely on their silver content, typically at lower premiums than government-issued coins, making them a straightforward way to buy silver bullion.
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The Credit Suisse Dragon silver round weighs 2 troy oz (62.207g) and is struck in .999 fine silver (99.9% pure). It carries the Dragon series design and was produced by Credit Suisse. As a private-mint round, it has no face value or legal-tender status, and its market value derives from its silver content.