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The Engelhard Prospector silver rounds are highly collectable and typically command a significant premium above their melt value.  They are considered by many to be the premier silver bullion round to which most others are compared.  These rounds, which pre-dated the US Mint released American Silver Eagles in 1986 were the premier quality silver round.  The series ran from 1982 to 1987 and each piece contains one Troy ounce of .999 fine silver.  The production run was extremely low and the quality was excellent for all years, making them a great addition to any collection.  In 1985 Engelhard produced the Prospector in 1/10, ¼, ½ ounce sizes in addition to the one ounce round and this was the only year making them very scarce.

eng prospectors 4 sizes o

1985 Prospectors Series

It is important to note that 1983 and 1987 have been considered to be considerably lower in mintage than the other years.  As such, a study and resultant guide created and published on eBay by Dave, an eBay seller and buyer, provides results of an individual sampling study of Engelhard Prospectors listed on eBay in 2014 to determine which year really is the rarest. The interesting results can be found in the article.

All of the Engelhard Prospectors have an image of a prospector panning for gold along with the text “U.S.A.” and the date. From 1982 through 1984 the reverse of the round had a large “E” inside a globe and the text “ENGELHARD/ ONE TROY OUNCE/ 999+ FINE SILVER”. In 1985 the reverse design was changed to an Eagle with a branch and flag and the text “ENGELHARD/ ONE TROY OUNCE 999+ FINE SILVER”.

Engelhard Prospector 1oz Silver Rounds

Source: Engelhard Silver Prospector Series Rarity Study | eBay

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