Round Specifications
Technical specifications for Monex Silver Eagle Rounds — privately-minted 1 oz .999 fine silver rounds.
Important: These Are Rounds, Not Government Coins
Monex Silver Eagle Rounds are privately-minted silver rounds, distinct from official government coins like American Silver Eagles. They have no legal tender status and no face value. Rounds are valued purely for their silver content.
Technical Specifications
| Purity | .999 fine silver |
| Silver Content | 1.0000 troy ounce (31.1035 grams) |
| Gross Weight | Approximately 31.1 grams |
| Diameter | Approximately 39mm |
| Thickness | Approximately 2.8mm |
| Minted By | Private Mint |
| Legal Tender | No (privately minted round) |
| Face Value | None |
| Edge | Reeded |
| IRA Eligible | Yes (meets .999 purity requirement) |
The .999 Purity Standard
At .999 fineness, Monex Silver Eagle Rounds contain 99.9% pure silver with minimal trace elements.
- •Maximum silver content: Virtually all weight is pure silver
- •IRS compliance: Meets the .999 minimum fineness for Precious Metals IRAs
- •Industry standard: Same purity as major government silver bullion
- •Simple valuation: 1 oz round = 1 oz of silver, straightforward spot calculations
Learn more at Monex Silver Eagle Rounds
Why Investors Choose Rounds
Silver rounds offer practical advantages for investors focused on silver accumulation:
Lower Premiums
Privately-minted rounds typically cost less per ounce than government coins, meaning more silver for your investment dollar.
Stackability
Uniform 1 oz sizing makes rounds easy to stack, count, and store efficiently. Build positions over time at lower cost.
Liquidity
Quality .999 rounds are readily accepted by dealers. Monex Silver Eagle Rounds have good liquidity through the Monex network.
IRA Eligible
Rounds meeting .999 purity can qualify for tax-advantaged Precious Metals IRAs, same as government coins.
Rounds vs. Government Coins
Understanding the key differences between privately-minted rounds and government-issued coins:
| Feature | Silver Rounds | Government Coins |
|---|---|---|
| Purity | .999 fine | .999 fine |
| Silver Content | 1 troy oz | 1 troy oz |
| Minted By | Private Mints | Government Mints |
| Legal Tender | No | Yes |
| Face Value | None | $1 (ASE) |
| Typical Premium | Lower | Higher |
| IRA Eligible | Yes* | Yes |
*Rounds meeting .999 purity from approved sources may qualify for Precious Metals IRAs. Consult your custodian.
Storage Considerations
Silver rounds are practical for multiple storage options:
Home Storage
Quality fireproof safe for personal holdings. Rounds stack efficiently. Consider insurance for larger collections.
Bank Safe Deposit
Institutional security for modest holdings. Check box size for round tube storage.
Professional Vault Storage
Allocated storage at approved depositories. Required for IRA holdings. Fully insured with audit trails.
Understanding Premium Drivers
Silver rounds trade at a premium above spot price. Factors that influence premiums:
Minting Costs
Private mint production, quality control, and distribution. Lower overhead than government mints.
Dealer Margins
Wholesale and retail markups that fund dealer operations and inventory.
Supply & Demand
Mint capacity vs investor demand. High demand periods push premiums up temporarily.
Market Conditions
Economic uncertainty increases safe-haven demand and can elevate premiums across all silver products.
View current pricing at Monex Silver Rounds Price Charts
Frequently Asked Questions
What is the purity of Monex Silver Eagle Rounds?
Monex Silver Eagle Rounds are .999 fine silver, meaning they contain 99.9% pure silver. This high purity ensures maximum silver content and meets IRA eligibility requirements.
How much silver is in each round?
Each Monex Silver Eagle Round contains exactly 1.0000 troy ounce (31.1035 grams) of pure silver. Since the round is .999 fine, the gross weight equals the silver content.
Are these rounds legal tender?
No. Monex Silver Eagle Rounds are privately minted and have no legal tender status or face value. They are distinct from government-minted coins like American Silver Eagles. Rounds are valued purely for their silver content.
Can I hold these rounds in an IRA?
Yes. Monex Silver Eagle Rounds meeting .999 purity can qualify for Precious Metals IRAs. You will need a qualified custodian and approved depository. Consult your custodian for specific eligibility.
Why do rounds have premiums over spot price?
Premiums cover minting costs and dealer margins. Privately-minted rounds typically have lower premiums than government coins because they lack legal tender status and government mint overhead.
How do rounds compare to government coins?
Both contain .999 fine silver and 1 troy ounce. The key difference: rounds are privately minted without legal tender status, while government coins have face value and government backing. Rounds typically offer lower premiums.
What affects round premiums?
Premium drivers include: mint production costs, dealer margins, supply/demand dynamics, and market conditions. During high demand periods, premiums typically rise for all silver products.
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