![]() It's no wonder that someone first looking to buy silver bullion is confused as well. If you stopped someone on the street and asked them "What is a silver round?", they'd have no idea. * **"Rounds" is an unfamiliar term to the general public**. Some common reasons that rounds get confused for coins are: They're roughly the same size and weight as silver bullion coins and can have similar designs. It's no surprise that many people get confused when first encountering (/category/469/silver-rounds). #Why Do Silver Rounds Get Confused With Coins?# * Rounds are not backed by the full faith and credit of any government. * Rounds often have lower production quality than coins. * Rounds are typically easier to find for sale. * Rounds can feature any design or theme. * Usually, rounds carry a lower premium than coins of the same weight and purity. ![]() Although similar, there is enough difference to create trade-offs between these two forms of silver bullion. #Pros and Cons: Silver Rounds vs Silver Coins#ĭistinguishing between rounds and coins serves a practical purpose. One troy oz 'Morgan design' silver round, showing typical characteristics (Gainesville Coins photo) Medals do not carry a denomination, and are not legal tender. *Government-issued "rounds" are called medals or medallions, and are usually thicker and smaller than silver rounds. * Production of fake rounds are prosecuted as fraud. * The weight and purity of silver rounds is backed by the reputation of the dealer. * Rounds can never display a denomination. * Rounds can carry any design the maker wants (subject to copyright law). * Usually, only "Classic Design" silver rounds carry the name of a nation. * Rounds are not issued by a government.* * Production of fake coins are prosecuted under anti-counterfeiting laws. * Prices of coins are higher than that of rounds. * The weight and purity of bullion coins are backed by the government. * Coin designs have to be approved by the government. * Coins carry the name of the government that issued them. * Coins can only be issued by a national government. But when it comes to silver rounds, it's easy for the new silver investor to get confused. Silver bullion coins also make sense, once you get used to the idea that the face value on the coin has nothing to do with its actual worth. Silver bars are pretty easy to understand. When you first look seriously at purchasing silver bullion, it's easy to get confused. By the end of this article, you will be familiar with both silver coins and silver rounds, and be able to easily tell the difference. You can also think of them as modern versions of silver medals. Think of silver rounds as disk-shaped silver bars. **A silver round is a circular piece of silver bullion that has no monetary value and is manufactured by a private mint.** Morgan silver dollar coin, next to a 1 troy oz Morgan Design silver round (Gainesville Coins photo)
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