Silver rounds typically carry a lower premium than silver coins relative to spot when purchasing silver bullion.
Silver rounds are purchased for their silver content. Simply stated, silver rounds are produced by private mints. Silver coins are produced by national mints. Silver coins are legal tender, while silver rounds are not. They are valued purely for their silver content and may be the cheapest option for silver bullion.
Silver rounds come in a variety of designs and may feature intricate artwork. Other rounds may be promotional in nature and showcase a company brand or commemorate a historical event. Most silver rounds range in size from 1/10 oz to 1 oz, but larger sizes are not uncommon. Some even come with a display box or certificate of authenticity.
Silver rounds will generally have their .999 purity and weight inscribed. Some rounds may also show the name of the private mint that produced it.
Gainesville Coins offers a variety of generic silver rounds including silver rounds by Heraeus, the Highland Mint and others.