Engelhard Silver Prospector
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About Engelhard Silver Prospector
Engelhard Silver Prospector is 1-oz silver round made by Engelhard Company. Engelhard Corporation is one of the most known refiner in the world and Engelhard Prospector may be the most known and most popular 1-oz silver round too.
Each 1-oz silver Engelhard Prospector is made of 0.999 fine silver. Engelhard Prospectors features the Eagle design on one side and the silver Prospector on the other. 1-oz Silver Engelhard Prospector is slightly larger than the old U.S. silver dollars.
Unlike the real silver coins (American Eagles, Australian Kookaburra, Mexican Libertad, Canadian Maple Leafs etc) Engelhard Prospectors do not have any legal tender status and do not have any face value. The value of these rounds is based on their silver content and the current price of silver.
Investing in Engelhard Silver Prospectors
When it comes to 1-oz silver bullion rounds, silver Engelhard Prospector is by far the most recognized and liquid of all.
Engelhard Silver Prospectors generally come in tubes of 25 1-oz silver rounds but sometimes in 20 1-oz silver rounds in a tube.
These 1-oz silver rounds is very popular among silver investors and collectors so Silver Engelhard Prospectors usually carry more premiums above generic silver bullion rounds.
Where can you buy Engelhard Silver Prospectors? First, try online auction sites like Ebay – the sellers on the sites often offer these rounds with low premium over silver spot price.
You can also find Engelhard Silver Prospectors local: check your local gold and silver dealers, coin dealers and jewelry shops.
History of Silver Engelhard Prospector
Silver Engelhard Prospector was minted during 1982-1987. In 1985 Engelhard minted three fractional Silver Prospectors:
- 1/2-oz Engelhard Silver Prospector;
- 1/4-oz Engelhard Silver Prospector;
- 1/10-oz Engelhard Silver Prospector.
Fractional Engelhard Prospectors usually have the highest premium over silver spot prices.
There are also Engelhard Gold Prospectors (minted 1975-1976, 1982-1986) and Engelhard Platinum Prospectors (1986) but they are less known among coins collectors and precious metals investors.
Mintage of Engelhard Prospectors
The 1983's Engelhard Silver Prospectors are the hardest to find, followed by the 1986, and then 1987.
Advantages of investing in Engelhard Silver Prospectors
- Engelhard Silver Prospectors are readily available;
- Engelhard Silver Prospectors typically sell for a lower premium than government-backed silver bullion coins like American Silver Eagle coins, Mexican Silver Libertad coins or Canadian Silver Maple Leaf coins;
- the value of the Engelhard Silver Prospector is directly correlated to the current price of silver;
- small size of Engelhard Prospectors makes them perfect silver round coins for bartering.
I recommend you to include 1-oz silver Engelhard Prospectors in your portfolio of precious metals products.