Many countries including the United States, Canada, and Austria mint official legal tender silver coins with 0.999 purity.
The Silver American Eagle, Canadian Maple Leaf and Austrian Philharmonic are all one-ounce silver coins. When compared to privately minted coins, they do carry a higher per ounce “premium” since they are issued by governments. Currently the silver American Eagle has a per ounce “premium” of approximately $10.00 to $12.00 (as of June 21, 2023) over the silver spot price. Normally, both the Canadian silver Maple Leafs and the Austrian Philharmonic are priced below the American silver Eagles but higher than the privately minted silver Rounds. When choosing government minted coins, it is important to consider both the higher per ounce “premium” when purchasing and the fact that these government issued coins lose a little more of their per ounce “premiums” when compared to other forms of physical silver upon liquidation. Many investors prefer these coins due to the fact that they are globally recognized as a form of legal tender and ARE currently allowed in self directed (U.S.) IRA’s.