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| Product | /oz | Premium | Price | |
|---|---|---|---|---|
| $79.41 | +20.70% | $158.82 | View Deal |
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About the 2 oz Presidential Commemorative Silver Round
Jersey Mint's Cast Silver Presidential Bars
The 2 oz Jersey Mint Presidential Commemorative silver round is a cast .999 fine silver product themed around American presidents. Jersey Mint is a smaller American private mint that brands itself on domestic production and silver sourced exclusively from LBMA-approved good delivery refineries. The cast format gives each piece a hand-finished appearance with slightly textured surfaces, contrasting with the mirror-smooth finish of struck or minted rounds.
The Presidential Commemorative Series spans a wide weight range (2 oz, 3 oz, 5 oz, 10 oz, 20 oz, 100 oz, and 1 kg), with the 2 oz serving as the entry point. Jersey Mint also produces a 167.15 oz collector's case set containing five bars, which is the series centrepiece. The presidential theme targets American buyers who want patriotic-themed bullion, a market segment also served by products like SilverTowne's American Flag rounds and various eagle-themed designs from other private mints.
Distribution appears concentrated through Aydin Coins and Jewelry (aydincoins.com), with limited presence among the major online bullion dealers. This narrower distribution network means availability and pricing may be less competitive than products from larger private mints with broader dealer relationships. The LBMA-sourced silver is a provenance claim that not all private mints make, and it adds supply chain credibility for buyers who value documented sourcing.
2 oz Cast Bar Dimensions
| Attribute | Value |
|---|---|
| Weight | 2 troy oz (62.207 g) |
| Purity | .999 fine silver |
| Format | Cast bar |
| Dimensions | 30.8 x 27.0 x 5.9 mm (approximate) |
| Hallmarks | Weight, purity, Jersey Mint logo |
| Legal tender | No |
| Manufacturer | Jersey Mint, USA |
| Silver source | LBMA-approved good delivery refineries |
Each bar is hallmark stamped with weight and purity markings. The cast production process introduces slight surface variations that make exact replication difficult, serving as an informal authentication feature. No serial numbers, holograms, or assay cards have been documented for the 2 oz size. The cast format means each piece is poured into a mould rather than struck under pressure, resulting in a rougher, more artisanal finish compared to minted products.
The Wider Series
| Weight | Format |
|---|---|
| 2 oz | Cast bar |
| 3 oz | Cast bar |
| 5 oz | Cast bar |
| 10 oz | Cast bar |
| 20 oz | Cast bar (standard and "long" format) |
| 1 kg (32.15 oz) | Cast bar |
| 100 oz | Cast bar |
| 167.15 oz | 5-bar collector's case set |
Tax Treatment for Private Cast Silver
Cast silver bars from private mints receive identical tax treatment to struck rounds and minted bars. Form and manufacturing method do not affect tax classification in any jurisdiction.
- United States: State-dependent sales tax. Most states with precious metals exemptions cover .999 silver regardless of format. IRA eligibility requires the mint to be recognised as an accredited or certified producer by the custodian; Jersey Mint's status should be verified before purchase for IRA purposes. Capital gains taxed at the 28% collectibles rate.
- United Kingdom: 20% VAT on purchase. Not CGT-exempt. Limited UK availability.
- Canada: GST/HST exempt at .999 purity.
- Australia: GST-free at .999 purity from accredited refiners.
- European Union: Standard VAT applies. No margin scheme for new bars.
- Singapore: GST-exempt at .999 purity from accredited refiners. LBMA-sourced silver strengthens the exemption case.
- Hong Kong: No tax applies.
The LBMA-sourced silver provenance may assist with tax exemption qualification in jurisdictions (like Singapore) where accreditation of the source matters for GST exemption purposes.
2 oz Presidential Commemorative Silver Round: frequently asked questions
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The cheapest price we track for the Presidential Commemorative 2oz Silver Round is $158.82 from APMEX, based on a silver spot price of $65.90. Prices move with spot, so check the comparison table for the current lowest offer.
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Each round contains 2 troy ounces (62.207 grams) of .999 fine silver. Jersey Mint, a US private mint, sources its silver exclusively from LBMA-approved good delivery refineries. The weight and purity are stamped on each cast bar, and no certificate or assay card is included.
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No. The Presidential Commemorative series is produced by Jersey Mint, a US private mint, and carries no face value. It is a bullion round, not a government-issued coin, so it is not legal tender in any country. Its value derives entirely from its .999 fine silver content.
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The melt value is the intrinsic worth of the silver content: 2 troy ounces multiplied by the current silver spot price of $65.90. This gives you the raw metal value before any dealer premium. The retail price shown in our comparison table will be higher than melt value, reflecting production and distribution costs.