close
Business

Why Silver rounds offer the best value for money

Silver rounds are one of the most unusual types of silver bullion products available on the market. A round is nothing more than a generic name for silver coins with no denomination other than the value of the metal. These coins have no moderate value in themselves and are only made in coin form to be rolled. Silver rounds are easy to grip and easy to handle. It is as easy to buy silver rounds as it is to sell them.

They are also sometimes called silver blanks because there is no imprint on these like the ones you would find on a normal coin and therefore any imprint on them can be custom ordered removed. This has made them one of the most sought after silver product. Silver rounds with special military design, weapons, animals, pets, presidents, commemorations etc. are common.

You can have customer ordered coins with your own design engraved on the surface. Rounds can make special gift because you can take a pure silver bullion product and engrave someone’s name or face or some other thing with a specific meaning.  Like other silver gems, silver rounds still need to be made to exact specifications. Silver bullion rounds weights can range from one ounce to hundreds of ounces. The most popular are the one-ounce silver rounds, which contain 99.9% pure silver and weigh one troy ounce. Silver rounds have no legal value given by the government and is plain and has no imprint or engraving on it. Therefore, these coins cost less than silver dollars that are used in the U.S, but have the same silver value and provide better profits than silver coins.

Like other silver coins, you can buy silver rounds come in branded and generic forms. The branded ones are made by some famous mints like Sunshine mint. Some sovereign mints produce their own brands of silver rounds. Branded silver rounds will have a label as a hallmark of the manufacturing company. Bullion rounds will cost a little more than the generic silver rounds made by lesser known companies. Generic silver rounds are usually made from low quality silver and they aren’t valued as much as branded coins or even bullion coins with legal tender value. The quality of generic rounds will be lower than branded rounds. Rounds are also important to collectors. One famous silver bullet is the 1oz. silver rounds called Engelhardt “Silver Prospectors”. Last produced by Engelhardt in 1988 and has not been used since. Therefore, these coins are difficult to find and very valuable to collectors.

If you are looking to invest in silver for the reason of preserving wealth and survive tough economic times have no priorities but just a few, then silver rounds can be excellent value for money. They are definitely less expensive and easier to move around making them more liquid than your typical coins. The cost price will be low and the selling price will be the same as any other government backed silver coin. The current price of silver is directly the amount you can get for silver rounds.