Silver Rounds

A silver round is a type of silver bullion coin or medallion made of silver. Silver rounds are similar to silver coins but don’t hold any face value. This means Silver rounds are not considered Legal tender, whereas the coin does. Silver rounds are mainly produced by private firms or refineries. Their price is based on the silver content and purity. Silver rounds are available in the market in various sizes and designs. The investor either buys silver rounds to invest in precious metals or to collect due to their aesthetic appeal.

Silver rounds vs Silver coins

Silver rounds and Silver coins are both made of Silver, the main difference lies in their origin and legal status. Coins mainly produced or issued by government mints, hold the status of legal tender and mainly feature national symbols or historical figures. These rounds always adhere to specific weight, purity, and design standards set by the issuing country. Coins are made by governments and are like official money of the specific currency with special designs. Rounds are made by private mints and don’t count as official money. Rounds can have cool designs but don’t hold as much historical or rare value as coins. Both have value because of the silver they contain, but coins can be worth more because they’re rare or have a big history, while rounds are mostly valuable for the silver they’re made of, not for being special or rare.

Why Silver rounds?

Silver rounds are beneficial to buy when you invest in precious metals. This is due to their lower premium over the spot price of silver, Making it economical for investors. Due to their high liquidity, anyone can trade silver rounds easily. In addition to this, their uniform size and weight make it easy for investors to store these precious metals. For people who are seeking to diversify their investments, silver rounds are a practical choice for them.

If you have decided to invest in Silver rounds then Au Bullion is a perfect destination for you. We sell precious metals on-line as well as in Store. For in-store purchase visit our store’s location in Brampton and Vancouver.