The value of a 1 oz silver Buffalo coin depends on a few factors:
- Spot Price of Silver: This is the current market value of one troy ounce of raw silver. As of August 13, 2025, the silver spot price per ounce is around $38.07 – $38.69 USD, [according to APMEX], [Gainesville Coins] , and [Monex Precious Metals].
- Premium: This is an additional cost above the spot price that covers manufacturing, distribution, dealer markup, and, in some cases, collectible value. Silver Buffalo rounds, typically privately minted, generally have lower premiums compared to government-issued coins like the American Silver Eagle.
- Rarity/Collectibility: Limited edition Buffalo rounds or those with unique designs or minting errors can command higher premiums due to collector demand.
- Condition: Coins in better condition (uncirculated, graded) generally fetch higher prices.
Examples of current asking prices from various retailers show premiums ranging from around $1 to $4 over the spot price.
In summary, the value of a 1 oz silver Buffalo coin is primarily determined by the current spot price of silver, with an added premium that can vary based on several factors.
Are silver buffalo rounds a good investment?
Good point! The Silver Buffalo Round are popular choice among silver investment and collection due to its low premium over the spot price and its manageable size, making it an affordable and accessible way to invest in silver.