1oz Pan American Silver Round

The 1oz Pan American Silver Round produced by the Northwest Territorial Mint is a privately minted bullion piece containing one troy ounce (31.1 grams) of .999 fine silver. It was struck for Pan American Silver Corp, one of the world’s largest primary silver producers, and reflects a strong mining theme in its design.

The obverse features a detailed depiction of a miner drilling into rock, symbolizing the extraction of silver, along with inscriptions identifying the weight and purity. The reverse displays the Pan American Silver corporate logo, typically incorporating mining tools, reinforcing its industrial heritage.

Measuring approximately 39 mm in diameter with a reeded edge, the round has no face value, as it is not legal tender, but is instead valued based on its silver content and market demand. Produced by the now-defunct Northwest Territorial Mint, this round is often considered “vintage bullion,” adding a layer of collectible appeal alongside its intrinsic metal value, making it attractive to both investors and silver stackers.