Upon treating elemental sulfur with [AgSbF6], [AgAl(hfip)4], [AgAl(pftb)4] (hfip=OCH(CF3)2, pftb =OC(CF3)3) the compounds [Ag(S8)2][SbF6] (1), [AgS8][Al(hfip)4] (2), and [Ag(S8)2]+[[Al(pftb)4]− (3) formed in SO2 (1), CS2 (2), or CH2Cl2 (3). Compounds 1–3 were characterized by single‐crystal X‐ray structure determinations: 1 by Raman spectroscopy, 2 and 3 by solution NMR spectroscopy and elemental analyses. Single crystals of [Ag(S8)2]+[Sb(OTeF5)6]− 4 were obtained from a disproportionation reaction and only characterized by X‐ray crystal structure analysis. The Ag+ ion in 1 coordinates two monodentate SbF6− anions and two bidentate S8 rings in the 1,3‐position. Compound 2 contains an almost C4v‐symmetric {AgS8}+ moiety; this is the first example of an η4‐coordinated S8 ring (d(AgS)=2.84–3.00 Å). Compounds 3 and 4, with the least basic anions, contain undistorted, approximately centrosymmetric Ag(η4‐S8)2+ cations with less symmetric η4‐coordinated S8 rings (d(AgS)=2.68–3.35 Å). The thermochemical radius and volume of the undistorted Ag(S8)2+ cation was deduced as rtherm(Ag(S8)2+)=3.378+ 0.076/−0.120 Å and Vtherm(Ag(S8)2+)=417+4/−6 Å3. AgS8+ and several isomers of the Ag(S8)2+ cation were optimized at the BP86, B3LYP, and MP2 levels by using the SVP and TZVPP basis sets. An analysis of the calculated geometries showed the MP2/TZVPP level to give geometries closest to the experimental data. Neither BP86 nor B3LYP reproduced the longer weak dispersive AgS interactions in Ag(η4‐S8)2+ but led to Ag(η3‐S8)2+ geometries. With the most accurate MP2/TZVPP level, the enthalpies of formation of the gaseous [AgS8]+ and [Ag(S8)2]+ cations were established as ΔfH298([Ag(S8)2]+, g)=856 kJ mol−1 and ΔfH298([AgS8]+, g)=902 kJ mol−1. It is shown that the {AgS8}+ moiety in 2 and the {AgS8}2+ cations in 3 and 4 are the best approximation of these ions, which were earlier observed by MS methods. Both cations reside in shallow potential‐energy wells where larger structural changes only lead to small increases in the overall energy. It is shown that the covalent AgS bonding contributions in both cations may be described by two components: i) the interaction of the spherical empty Ag 5s0 acceptor orbital with the filled S 3p2 lone‐pair donor orbitals and ii) the interaction of the empty Ag 5p0 acceptor orbitals with the filled S 3p2 lone‐pair donor orbitals. This latter contribution is responsible for the observedlow symmetry of the centrosymmetric Ag(η4‐S8)2+ cation. The positive charge transferred from the Ag+ ion in 1–4 to the coordinated sulfur atoms is delocalized over all the atoms in the S8 ring by multiple 3p2→3σ* interactions that result in a small long‐short‐long‐short SS bond‐length alternation starting from S1 with the shortest AgS length. The driving force for all these weak bonding interactions is positive charge delocalization from the formally fully localized charge of the Ag+ ion.