Our aim in the present work is to develop approximations for the collisional dynamics of traveling waves in the context of granular chains in the presence of precompression. To that effect, we aim to quantify approximations of the relevant Hertzian FPU-type lattice through both the Korteweg-de Vries (KdV) equation and the Toda lattice. Using the availability in such settings of both one-soliton and two-soliton solutions in explicit analytical form, we initialize such coherent structures in the granular chain and observe the proximity of the resulting evolution to the underlying integrable (KdV or Toda) model. While the KdV offers the possibility to accurately capture collisions of solitary waves propagating in the same direction, the Toda lattice enables capturing both copropagating and counterpropagating soliton collisions. The error in the approximation is quantified numerically and connections to bounds established in the mathematical literature are also given. © 2014 American Physical Society.