Numismatic coins are considered collectibles, and are typically priced well above their bullion value due to rarity, beauty or historic significance. Varying production volumes, year of production and designs mean that these so-called bullion coins – as distinguished from rare "numismatic" or collectible items – can command a premium over the spot price and over similar weighted rounds. They are usually recognised as legal tender, if only to give some small tax advantage to investors or boost the coin's perceived value.
10 OZ SILVER COINS FOR SALE PLUS
Silver coins are typically a similar size and weight to rounds, but carry official markings – most importantly a face value, which is much lower than their bullion or "melt" value – plus the year they were minted. Compared to silver coins, rounds cost a little closer to wholesale bullion prices, due to their availability and lack of official status. Silver rounds are usually struck by private companies, but some government mints also produce them. Resembling silver coins at first glance (many are sold as 'replicas' of the most popular coin), these rounds have no "face value" and are not recognised as legal tender.
Silver rounds are circular discs of bullion, pressed or struck with an image or logo, and often carrying a weight and fineness for ease of identification. Under most circumstances, BullionVault provides a more efficient way to buy, store and sell silver bullion. Silver coins and rounds are a popular but costly route to silver bullion ownership.
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