IDC Coin and Bullion
Showing 3 US results in USD.
See all 4 global results in your own currency.
Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
1/10 oz Silver Round: frequently asked questions
-
The cheapest 1/10 oz silver round tracked here is $10.75 at IDC Coin and Bullion, around 73.0% over the silver spot price. Because the per-unit minting cost is spread over a smaller amount of metal, the premium on 1/10 oz rounds is higher than on full-ounce rounds.
-
A 1/10 oz silver round is a privately minted disc of .999 fine silver weighing one-tenth of a troy ounce. Unlike government-issued coins, rounds carry no legal-tender face value and are produced by private refineries or mints. They are bought and sold purely for their silver content and trade at a modest premium over spot.
-
A 1/10 troy-ounce silver round weighs 3.1104 g of .999 fine silver. The troy ounce used in precious metals (31.1035 g) differs slightly from the everyday avoirdupois ounce (28.35 g), so a 1/10 troy oz silver round contains approximately 3.11 grams of metal.
-
Minting a coin or round involves a fixed cost per piece: die production, blanking, striking, and packaging. On a 1 oz round those costs are spread across 31 grams of silver; on a 1/10 oz round they are spread across just 3 grams. The result is a higher premium per ounce relative to spot, regardless of brand. Buying in larger denominations is the straightforward way to reduce that per-ounce cost.
-
Generic 1/10 oz silver rounds vary slightly in diameter by mint, since there is no single standard for private rounds. The weight, however, is fixed at one-tenth of a troy ounce (approximately 3.11 grams) of .999 fine silver, regardless of who produced them.