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About the 2 oz Aztec Calendar Silver Round
The 2 oz Aztec Calendar Silver Round
The 2 oz Aztec Calendar round from Golden State Mint reproduces one of the most recognisable pre-Columbian artworks in the world on a .999 fine silver planchet. The obverse carries a detailed rendering of the Aztec Sun Stone, the 25-ton basalt disk carved in the late 15th century and now displayed at Mexico's National Museum of Anthropology. The reverse features a portrait of Cuauhtemoc, the last Aztec emperor, who led the defence of Tenochtitlan against Hernan Cortes in 1520-1521.
Golden State Mint, a private US mint founded in 1974, produces the Aztec Calendar series as one of its flagship designs. The 2 oz format gives the intricate calendar design significantly more room than the 1 oz version, allowing finer detail in the 20 day-sign symbols arranged around the central figure of Tonatiuh, the Aztec solar deity. The design is continuously produced with no year dates or mintage caps, making it a reliable product for regular purchases.
As a private mint round, the Aztec Calendar carries no face value and no legal tender status. It competes on the strength of its design appeal and competitive premiums rather than sovereign mint backing. Among generic silver rounds, which tend toward patriotic American themes (Buffalo, Walking Liberty, Eagle designs), the Aztec Calendar's Mesoamerican subject matter stands out. For buyers who want .999 silver at low premiums without settling for a plain or generic design, the Aztec Calendar is one of the more distinctive options on the market.
2 oz Aztec Calendar Specifications
| Attribute | Value |
|---|---|
| Weight | 2 troy oz (62.207 g) |
| Purity | .999 fine silver |
| Manufacturer | Golden State Mint |
| Edge | Reeded |
| Face value | None (private mint round) |
| Year/date | None (undated, continuous production) |
| Mintage | Unlimited |
The Aztec Calendar series spans a range of sizes from 1/10 oz to 10 oz in silver, plus copper versions. No gold variant has been documented. The round format uses a reeded edge across all sizes. At 5 oz and above, GSM also produces a bar format with the same design elements in a rectangular shape.
Golden State Mint stamps each piece with exact weight and purity markings. The round carries no serial number or assay card. Authentication relies on the standard methods for silver bullion: weight verification, dimensional measurement, specific gravity testing, and XRF analysis. The complexity of the calendar design itself provides some counterfeit resistance, since the fine relief details are difficult to replicate accurately in knock-off production.
Tax Treatment of the 2 oz Aztec Calendar
The Aztec Calendar is a privately minted silver round with no legal tender status in any jurisdiction. Tax treatment follows the rules for silver bullion generally, with no special exemptions tied to this product.
- United States: The .999 fineness qualifies the round for inclusion in a Precious Metals IRA, and Golden State Mint lists it as IRA-approved. Capital gains on sale are taxed at the collectibles rate of up to 28% for long-term holdings. Sales tax varies by state, with approximately 35 states exempting investment bullion entirely. States with partial exemptions apply thresholds: California above $2,000, Florida above $500, New York and Massachusetts above $1,000.
- United Kingdom: Silver bullion is subject to 20% VAT on purchase, with no exemption for rounds. On disposal, the Aztec Calendar is subject to Capital Gains Tax at the individual's marginal rate (currently 18% or 24%), since it has no UK legal tender status and therefore no CGT exemption. The annual CGT allowance of £3,000 applies.
- Canada: Silver bullion at .999 purity is exempt from GST/HST under the Excise Tax Act. The round qualifies for this exemption. Capital gains are taxed at a 50% inclusion rate.
- Australia: Silver bullion at 99.9% purity or higher from a recognised manufacturer is GST-free. Golden State Mint rounds meeting this threshold should qualify, though they are a niche import product in Australia.
- Singapore and Hong Kong: Singapore exempts Investment Precious Metals (silver at 99.9%+ from accredited sources) from GST. Hong Kong has no sales tax or import duty on precious metals. Neither jurisdiction levies capital gains tax.
Aztec Calendar vs Other 2 oz Silver Rounds
The 2 oz Scottsdale Stacker is the Aztec Calendar's closest competitor by dealer availability. The Stacker's patented interlocking mechanism gives it a functional advantage for storage, with rounds clicking together in secure stacks. The Aztec Calendar has no such mechanism but offers a more elaborate and culturally specific design. Both are .999 fine silver from established US private mints, and premiums are broadly comparable. Buyers choosing between them are typically deciding on design preference versus storage functionality.
Compared to the cheapest generic 2 oz rounds (plain Buffalo or Walking Liberty designs from various mints), the Aztec Calendar usually carries a modest premium for its design recognition and Golden State Mint branding. The difference is small in absolute terms, often a fraction of a dollar per ounce, but it does exist. Buyers focused purely on acquiring the most silver per dollar may prefer the lowest-premium generics. Buyers who want a recognisable, distinctive design at near-generic pricing tend to gravitate toward the Aztec Calendar or the 2 oz Incuse Indian, also from Golden State Mint.
Against sovereign mint products, the calculus is different. A 2 oz silver coin from a government mint carries legal tender status, sovereign quality assurance, and in some jurisdictions, tax advantages. In the UK, for example, 2 oz Silver Britannias are exempt from Capital Gains Tax, a benefit no private round can match. Premiums on sovereign coins are substantially higher, though, meaning the round buyer gets more silver per dollar spent. For US buyers in particular, where tax treatment is largely the same across product types, the premium saving on a round versus a coin is the primary consideration.
The 5 oz Aztec Calendar offers the same design at a larger scale. Per-ounce premiums on the 5 oz version may be marginally lower, and the additional size allows even more design detail. The 2 oz format is the better choice for regular, affordable accumulation; the 5 oz for buyers making larger, less frequent purchases.
2 oz Aztec Calendar Silver Round: frequently asked questions
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The 2 oz Aztec Calendar round contains two troy ounces of .999 fine silver. The cheapest listing we track is $137.98, which is around 5.6% over the $65.58 silver spot price. Because it is a privately minted round rather than a sovereign coin, it typically trades at a modest premium over spot.
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The Aztec Calendar silver round is made by Golden State Mint (GSM), a private US mint. GSM produces the round in multiple sizes, from 1/10 oz up to 10 oz, with the Aztec Calendar being one of their most recognised designs. These are privately minted rounds, not coins, and carry no face value or government backing.
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A silver coin is issued by a government mint, carries a legal face value, and is backed by the issuing nation. A silver round is struck by a private mint, has no face value, and is not legal tender. Rounds like the Aztec Calendar typically trade at lower premiums than sovereign coins because they lack government backing and the CGT or VAT exemptions that some legal-tender coins carry in certain countries. Both contain the stated weight and purity of fine silver.