What is a silver bullion round?

What is a silver bullion round?

Silver bullion rounds are simply another name for silver coins.

How do silver bullion rounds differ from silver bullion coins?

For counterfeit and vending machine protection, private mints in the United States are not allowed to strike coins/rounds with the same diameter as United States Mint issued coins.
Silver bullion is marketed in Troy Ounces, 1 Troy ounce = 31.1 grams. U.S. Mint silver eagle bullion coins have 31.101 grams of silver, silver bullion rounds also have 31.101 grams of silver but have a different diameter and thickness. Silver bullion coins like American silver eagles and Canadian Maple Leafs are issued by governments and are legal tender for the amount stated on the coins. Despite having legal tender status they are not expected to be used as money because their silver value exceeds their face value. An American silver eagle has a face value of $1 but is made from one troy ounce of silver that has an approximate value of $12.00 an ounce or 12 times its face value. Silver rounds Are privately minted for investors and collectors they often have designs that resemble famous coins, people and places. Typically silver rounds sell for a lower premium than government issued coins.


Are silver bullion rounds and silver bullion coins .999 silver ?

Yes both bullion coins and bullion rounds are minted from .999 fine silver. They both have the same net weight but are slightly different sizes.


Why do silver rounds sell for a lower premium over silver than American silver eagle coins?

The United States Mint does not sell its bullion coins directly to the public. Instead, the United States Mint distributes the coins in bulk, through a network of official distributors called Authorized Purchasers who, in turn, mark them up and sell them to secondary retailers. In many cases this means you the investor are the fourth person in the chain!
The U.S. Mint, the Authorized Purchaser and the coin/bullion dealer have all made a mark up before you buy! When you buy silver rounds you are cutting out and removing these middlemen, which lowers the premium over spot silver that you have to pay.


Are some silver rounds more valuable than others?

Silver bullion rounds are available in both brand name and generic. Some people prefer one design over another. However, their current and future value is directly correlated to the price of silver. So ultimately they have the same monetary value.


What is the advantage of buying silver bullion rounds over other forms of silver?

Silver bullion rounds are a safe, low cost and convenient way to own silver. They are easy to buy, sell, count and stack. They are portable, offer privacy and take up very little storage room. They are especially convenient when measured against other silver investments. When measured against silver coins they have the same weight and purity but can be bought for a much smaller premium. Prices vary but often rounds can be bought for $2 less premium than coins. This means on a purchase of 100 rounds over 100 coins you could be getting 13 ounces of pure silver FREE. Because of the high margin many bullion dealers promote $1,000 face value sacks of 90% silver coins. These sacks usually have 10,000 dimes or 4,000 quarters or 200 half dollars. These sacks are heavy and weigh 54.5 pounds, they are also very bulky. Imagine storing or transporting $10,000 face value in silver bags versus neatly stacked compact rolls of silver rounds. 100 ounce silver bars are a popular silver investment and usually have a low premium over spot silver. However, these are bulky and don’t have the flexibility of rounds. When you want to sell your 1,000 ounce bar you have to sell it all. With silver rounds you can determine how many ounces you want to sell and how many you want to keep.