2 oz Valkyries Silver Round

The 2 oz Valkyries Ultra High Relief Silver Round

The Valkyries series from Germania Mint is a four-round programme (2022-2025) depicting Norse Valkyries associated with the four seasons. The 2 oz version is the Ultra High Relief (UHR) variant, featuring deeper striking than the standard 1 oz BU edition and a larger 45 mm diameter that provides additional space for Mateusz Frackowiak's detailed portraiture.

Each Valkyrie is paired with a season: Hildegard represents Winter (2022), Ostara embodies Spring (2023), Solveig represents Summer (2024), and Arnhild closes the series as Autumn (2025). Germania Mint confirmed Arnhild as the final release, making this a complete, finite set designed as a cohesive narrative arc from its inception.

Germania Mint, founded in Poland in 2019, has rapidly established itself among collectors of art-focused bullion. The Valkyries rounds carry a "5 Marks" (1 oz) or "10 Marks" (2 oz) denomination, but this is Germania Mint's own proprietary unit with no government backing or monetary value. These are classified as rounds, not legal tender coins, for tax purposes in all jurisdictions.

The .9999 fine silver purity places the Valkyries above the .999 threshold used by most private mint competitors and matches the purity of sovereign coins like the Canadian Maple Leaf. Each piece ships with a Certificate of Authenticity in a protective capsule. The 2 oz UHR versions have particularly limited mintage, with some variants produced in runs as low as 999 pieces.

Valkyries 2 oz Ultra High Relief Specifications

The reverse design across all four releases features a wooden shield with a howling wolf and Germania Mint's double-headed eagle seal. This marked a departure from previous Germania Mint series, which used the Germanic warrior motif. The obverse varies by release, with each Valkyrie depicted in seasonal regalia with companion animals: a wolf for Hildegard, deer and hare for Ostara.

The 2022 Hildegard design incorporates the Algiz rune (an Elder Futhark rune associated with protection and divine connection) on the Valkyrie's armour, with a fortress stronghold in woodland under moonlight as the background setting.

Valkyries Tax Treatment and Eligibility

The Valkyries rounds are not legal tender of any sovereign nation. The "Marks" denomination is Germania Mint's proprietary unit, carrying no government backing. This classification has direct tax consequences across all major bullion markets.

• US: The .9999 purity meets the IRS threshold for precious metals IRA inclusion. However, the round must also come from a COMEX/NYMEX-approved refiner or a national government mint to qualify. Germania Mint's approval status should be verified with individual IRA custodians. Sales tax varies by state.
• UK: Subject to 20% VAT on purchase as a silver product. No CGT exemption since these are not legal tender. For UK buyers, the 2 oz Tudor Beasts offers CGT exemption that the Valkyries cannot match.
• EU: Standard VAT applies at local rates (19% in Germany, where this product has its natural home market). The margin scheme may apply on secondary market resales in Germany (Differenzbesteuerung) and the Netherlands.
• Canada: GST/HST exempt at .9999 purity, which these rounds exceed.
• Singapore: Potentially GST-exempt under the IPM scheme at .999+ purity from accredited sources.

Valkyries 2 oz vs Other Art-Focused 2 oz Rounds

The Valkyries occupies a space between pure bullion and collectible numismatics. Its closest competitor from within Germania Mint's own catalogue is the 2 oz Witchcraft series, which shares the .9999 purity, Frackowiak's design work, and the tiered format structure (BU, Ritual/enhanced, UHR). The Witchcraft series uses an octagonal shape and has even lower mintages (500 for the Herbalist UHR). The Valkyries' standard round format and slightly higher mintages make it more accessible as a bullion-adjacent product.

Against the 2 oz Awakening Series from Sunshine Minting, the Valkyries trades higher premiums and lower mintage for a more focused narrative structure (four seasonal releases vs an open-ended thematic programme). Both use .9999 silver. The Awakening's higher mintage (20,000 per design) and Sunshine Mint's COMEX-approved status give it clearer IRA eligibility and more predictable resale liquidity.

Perth Mint and Royal Canadian Mint Norse mythology coins offer government backing, legal tender status, and broader recognition but lack the artistic ambition of the Ultra High Relief striking and limited-edition approach that defines the Valkyries series.