1 oz Silver Rounds

What is the difference between a coin and a round?

The main differences between a bullion coin and a bullion round are their legal status, design, and often their price:.

1. Legal Status

- Coin: A bullion coin is issued by a government and has a face value, making it legal tender in the country of issuance. For example, the American Gold Eagle and the Canadian Maple Leaf are bullion coins.
- Round: A bullion round is produced by a private mint and has no face value, meaning it is not considered legal tender. It is simply a piece of metal with a specified weight and purity.

2. Design

- Coin: These coins often feature official designs, such as national symbols or historical figures, and may also include the coin's face value.
- Round: Rounds may feature a wide range of designs, often created by private mints, and they typically do not display a face value.

3. Price

- Coin: Typically used as a secure store of value and an investment, bullion coins are recognized worldwide and often carry a premium due to their official status and government backing.
- Round: Primarily intended for investment purposes, rounds are usually less expensive than coins, as they don’t carry the same premiums associated with government-issued currency.

In essence, while both bullion coins and rounds are valuable for their precious metal content, coins carry additional value due to their status as legal tender and their recognition in the marketplace, whereas rounds provide you with the lowest price per ounce.