Pacific Precious Metals
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1/10 oz Silver Round: frequently asked questions
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The cheapest 1/10 oz silver round tracked here is $7.85 at Pacific Precious Metals, around 21.9% 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.
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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.
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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.
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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.
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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.