The Privateer 2 oz Silver Round is a limited edition round minted by the world-renowned Elemetal Refining. The high relief round features an iconic depiction of a privateer ship at sea during a rough storm. Elemetal minted only 70,344 of these rounds, which remain a popular – but limited – investment on the market today. Featuring a stunning set of designs, 99.9% fine silver, and an excellently limited mintage, add the Privateer 2 oz Silver Round to your portfolio today.
On either side of this silver round, you’ll find another reminder of one of humanity’s most written-about historical periods: the era of privateers. For the uninitiated, the privateering was a sanctioned form of piracy. Governments would pay sailors or former pirates to attack the enemy country’s ships during wartime, allowing some privateers to keep a portion of the take when they plundered an enemy’s ship.
The Privateer 2 oz High Relief Silver Round is the first release in the Privateer Series and was minted for a limited time. During this limited release, just 70,344 pieces were minted, making this a true modern rarity. Our inventory is very limited and will not be replaced once sold out. These rounds may contain signs of age or handling.
Key Features:
- 2 troy oz of 99.9% pure silver
- Minted by Elemetal Refining
- Obverse: A pirate ship braves rough seas
- Reverse: A skull surrounded by the inscription, “No Prey No Pay”
This round was the first release in Elemetal’s seven-part Privateer series. The obverse of the round depicts a ship sailing along a rough sea. On the reverse, enjoy a reminder of the legacy – and the unique socio-political status – of the privateer. Find a skull surrounded by the inscription, “No Prey No Pay.” This was a popular saying employed by privateers during this era of piracy. The privateers were only paid if they were able to successfully plunder an enemy’s ship.
Together, the two sides of this limited edition round paint a brilliantly intricate picture of the legacy and culture of one of humanity’s historical obsessions – piracy. As a limited edition round, Elemetal’s Privateer 2 oz Silver Round is an excellent investment – and a fantastic addition to your portfolio.



Alexander K (verified owner) –
I bought this coin because of deep detail design and when I received it I wasn’t disappointed at all even the price was high for 2 oz coin. In my opinion, the Storm (this coin) and Davy Jones Locker (7th coin) are the most attractive coins in the series. I fall in love with this coin. Elemetal mint do amazing work on this series. I’ll buy upcoming series If they keep up the quality, they’ll be a household name in the coin industry very quickly in near future. I would recommenced to purchase this coin because of the art of coin’s design even it doesn’t have government’s value like American Eagle coin.