2oz silver coin prices

A 2oz silver bullion coin contains 2 troy ounces of fine silver, about 62.2 grams, and is issued as legal tender. Collectable and limited-edition designs can carry much higher premiums.

The silver in a 2oz silver coin is worth $163.74 at today's spot price.

Price
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Name Weight Dealers Premium PricePremium
Dealers Choice Round 2 dealers 2 oz 2 dealers 14.1% from$186.8814.1% premium
Lunar DragonPerth Mint 1 dealer 2 oz 1 dealer 15.4% from$188.9015.4% premium
Lunar SnakePerth Mint 2 dealers 2 oz 2 dealers 15.4% from$188.9015.4% premium
Lunar GoatPerth Mint 2 dealers 2 oz 2 dealers 16.1% from$190.1616.1% premium
Canada GooseRoyal Canadian Mint 2 dealers 2 oz 2 dealers 16.8% from$191.3416.8% premium

These are the Australian dealers we track, not the whole market. Each row shows the lowest published price for that product; select it to see every dealer.

Selling one back

The highest published buy-back price today for a 2oz silver coin is $157.00, across 2 buyers we track. The difference between the lowest listed price above, $186.88, and the highest published buy-back price is $29.88, or 16.0%. Compare buy-back offers

Premium over the last 90 days

On 22 Oct the median premium was 15.5%, across the 4 dealers priced that day.

Over the last 90 days, the median premium for a 2oz silver coin ranged from 14.4% to 20.5%. On 22 October it was 15.5%.

To find the median premium, we take each dealer's middle premium and then the middle of those, so every dealer counts once. The chart counts only the listings we have priced on most weekdays in this period, so a product joining or leaving does not move the line. Each day uses the last price of that day, Sydney time. Lowest is the smallest premium any of them listed that day, and spot is the silver price in AUD on the left-hand scale.

What is the premium?

The premium is the amount a product's price sits above the spot value of its metal. It covers costs such as production and distribution, as well as the dealer's margin. We calculate it by comparing the published price with the spot price recorded when the price was collected.

For how GST applies to bullion, see the ATO's ruling GSTR 2003/10.