2 oz Texas Silver Round

The 2 oz Texas Silver Round from Texas Mint

The 2 oz Texas Silver Round doubles the silver content of the standard 1 oz Texas Silver Round that has been in production since 2013. Struck at .9999 fine silver, this round exceeds the purity of most private mint competitors, which typically produce at .999. The four-nines purity also exceeds the IRS minimum threshold for silver held in a precious metals IRA.

Texas Mint, a division of Texas Precious Metals, operates from Shiner, Texas, as part of Kaspar Companies, a family business established in 1898. The parent company originally manufactured industrial steel products, an unusual lineage for a precious metals operation. Texas Precious Metals has shipped over 75 million ounces of silver and processed more than $4 billion in transactions since its founding in 2011.

The obverse design remains consistent across the series: the geographic outline of Texas with the Lone Star emblem. Reverse designs change annually, with past releases covering subjects from Texas wildlife to the four-year Texas Revolution series (2020-2023) that depicted major battles including Gonzales, the Alamo, Goliad, and San Jacinto in chronological order. The 2 oz format provides a larger canvas for these detailed reverse designs.

Packaging options include individual plastic flips. The 1 oz version is available in tubes of 25 and the distinctive Texas Mint Monster Boxes, which are constructed from cold-rolled steel with a powder-coated finish rather than the plastic used by most mints. Over 3 million Texas Silver Rounds are now in circulation across all sizes.

2 oz Texas Silver Round Specifications

The .9999 purity is a notable differentiator in the private mint round market. Most private mints strike at .999 (three nines), and even some government coins use this lower standard. The American Silver Eagle, produced by the US Mint, is .999 fine. The Britannia from the Royal Mint is also .999. Among sovereign coins, only the Canadian Silver Maple Leaf and the Royal Mint's beasts franchise consistently use .9999, placing the Texas Silver in select company for purity despite its private mint origin.

The annual reverse design programme began with Texas wildlife subjects (cowboy, longhorn, white-tailed deer, coyote, bobcat) before the Texas Revolution sub-series (2020-2023) introduced a narrative arc covering four major battles. The 2025 reverse features a Texas cowboy on horseback in a reverse proof finish. Authentication relies on weight, dimensions, and striking quality rather than embedded security technology.

Tax and Eligibility for the 2 oz Texas Silver Round

The .9999 purity places this round comfortably above the IRS threshold of .999 for silver held in a precious metals IRA. Texas Mint products are widely accepted by IRA custodians, though buyers should confirm with their specific custodian that private mint rounds from a non-COMEX-approved refiner are accepted.

Texas has no state sales tax on precious metals, benefiting buyers who purchase directly from Texas Precious Metals. Many other US states also exempt bullion purchases from sales tax, though approximately 10 states and the District of Columbia apply their standard rate. States with threshold-based exemptions include California (exempt over $2,000), Florida (over $500), and New York (over $1,000).

For US federal capital gains purposes, silver rounds are classified as collectibles. Long-term gains (held over one year) are taxed at a maximum 28% rate rather than the lower 15/20% rate that applies to equities.

UK and EU buyers face 20% VAT (or local equivalent) on silver rounds, with no CGT exemption since these are not legal tender. In Canada, rounds at .9999 purity are exempt from GST/HST. Australian buyers benefit from GST exemption on investment-grade silver at .999 or higher purity from accredited refiners, though Texas Mint's LBMA status would need verification for this exemption to apply.

Texas Silver 2 oz vs Other 2 oz Private Mint Rounds

The 2 oz private mint round category is smaller than the 1 oz market, with fewer established products competing for attention. The Texas Silver differentiates primarily on purity: at .9999, it matches the 2 oz Germania Mint Valkyries and exceeds the .999 standard used by most competitors including the 2 oz Walking Liberty round from Golden State Mint.

Compared to sovereign mint 2 oz coins, the Texas Silver Round lacks legal tender status and the associated benefits. The 2 oz Tudor Beasts from the Royal Mint carries UK legal tender status, making it CGT-exempt for British taxpayers. The Tudor Beasts also uses .9999 silver, matching the Texas round on purity. The trade-off is in premium: private mint rounds typically price below sovereign coins, making them more cost-efficient for buyers focused purely on silver content per dollar spent.

Against other Texas Mint products, the 2 oz round sits between the high-volume 1 oz round and the larger 5 oz Texas Silver Round. The annual design change programme applies across all sizes, giving collectors the same reverse artwork at different scales.