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One of the most common questions for those new to buying silver bullion is "What is a silver round?" The answer is that rounds are privately minted coins, produced by private firms rather than by a government mint. Like silver coins they are round in shape and stamped on both faces with symbolic and meaningful designs. They are marked with their metal content and purity. Unlike coins, rounds do not carry a currency denomination (25 cents, 1 dollar, etc), they typically do not have a date, and they may not be mint marked.
Rounds are a great alternative to coins - offering lower premiums than their government issue counterparts for the same metal content. And they are extremely liquid. Dealers trade them in quantities rivaling popular coins such as the American Eagle or Maple Leaf, providing assurance they will be easy to sell when the time comes.
Savvy investors currently stand to save as much as $1.00 - $3.00 per ounce by choosing silver rounds vs bullion coins including the American Silver Eagle, Canadian Maple Leaf, and a few others. Buying rounds means getting more silver for your money, while still getting beautiful, highly liquid, investment grade silver.
Premiums can be volatile when it comes to bullion coins, making silver rounds even more attractive during periods of higher coin prices. In recent years the availability of some sovereign silver coins has been spotty, as the government-run mints that produce them seem unable to meet the strong demand. The U.S. Mint, in particular, suspended or rationed sales of Silver Eagles on a number of occasions. This inevitably pushes premiums higher and often creates delays in shipping.
Meanwhile silver rounds remained plentiful, and affordable. This could change at some point. With ever-increasing demand for physical silver, even the more efficient and profit oriented private mints could have a hard time keeping up with demand. Much of the demand for coins is diverted to rounds whenever government mints sell out or impose rationing. But, regardless of what happens, you can expect rounds to remain lower cost and more readily available than coins.
Investors can save a few cents per ounce buying silver bars instead of rounds. But they will sacrifice some flexibility and the savings may not be sufficient for all investors to make that sacrifice. Larger 10 ounce and 100 ounce bars can of course only be sold or traded in increments of 10 ounces and 100 ounces respectively. Not ideal if you only wish to trade an ounce or two. It is also a safe bet that 1 ounce rounds will bring a bit higher price per ounce than bars will when it is time to sell.
There are good options in rounds for people looking for silver to barter with. Money Metals offers silver rounds as small as 1/10th ounce. Compared with Pre-1965 US silver coins - perhaps the most popular product for use in barter - the rounds have the advantages of beauty, condition and simplicity to valuing. The older 90% silver coins can be tarnished or worn, and calculating the silver value requires a bit more math.
Browse among our several options of beautiful, uncirculated silver rounds. Then order online or give us a call at 1-800-800-1865 - we’ll lock your pricing and make arrangements to have them delivered quickly and discretely.