1982 Engelhard Prospector 1oz Silver Round – “E” Reverse

In 1982, Engelhard was the first company to market 1-oz silver bullion rounds, which carried an image of a prospector panning, oddly enough, for gold. Silver, unlike gold, is not found in river or stream alluvial deposits. These Engelhard silver Prospectors soon dominated the 1-oz silver round market. Throughout their production period of 1982-1987, the same kneeling prospector graces the obverse of all Silver Prospectors rounds. However, Engelhard used a couple of different designs for the reverse. With the earlier dates (1982-1984) featuring the large Engelhard E logo on the reverse. Later dates (1983-1987) feature a bald eagle carrying an American flag on the reverse. Two dates (1983-1984) were minted with both reverse designs. Engelhard was sold in 1986 and this ended their production of gold and silver products. The market places a higher premium on Engelhard silver because of its history, as well as its reputation for producing high-quality, private mint products. Prospector silver rounds are extremely collectible today and are still highly sought after, even though they have not been produced in over 30 years! This Engelhard silver round has a diameter of 39mm and each round comes in a capsule.