The Different Forms of Silver Bullion - Gainesville Coins News
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The Different Forms of Silver Bullion

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The Different Forms of Silver Bullion

On a daily basis, we encounter customers at Gainesville Coins who plainly and simply want to buy silver—and all they are concerned with is getting it at the best possible price. To this end, they frequently have questions regarding which form of silver bullion they should choose. They typically want to know how to accumulate the most silver for the lowest cost, begging the question, “Should I buy silver coins, bars, or rounds?”

Silver Bullion Bars

This is certainly a question worth considering before you start making purchasing decisions. Especially for inexperienced buyers who are just beginning to invest in precious metals, it can be difficult to decide between your options. Without the requisite knowledge about the different types of silver bullion, there is plenty of room for error. Don't worry—we're here to help!

First, let's break down a few of the general qualities of coins, bars and rounds.

ROUNDS

BARS

COINS

Various Sizes

Yes

Yes

Yes

Low Premiums

Yes

Yes

No

Legal tender

No

No

Yes

As the chart indicates, all three forms of silver bullion come in a variety of sizes, giving you the flexibility to acquire physical silver in whatever increments best fit your budget. You can also see that although coins are the only form of silver listed that enjoys legal tender status, they also carry higher premiums than rounds or bars (in most cases).

Silver Coins

What you should take away from the chart above is that there are advantages specific to rounds, bars, and coins; which of the three you choose will depend on your individual goals and needs. If you are only looking for the lowest cost per ounce of silver, then bars or rounds will better serve your purposes than coins. If, however, you are concerned about the confidence of other buyers on the secondary market, then perhaps a silver coin that is backed by the full faith and credit of a national government is more appropriate. Your decision should be based on your intentions, as there is no catch-all answer that can apply to every situation.

If you keep this principle in mind the next time you're in the market for gold or silver, you should be able to make the ideal choice for your individual purposes. We hope you found this article helpful. If you would like to see another topic covered, or have any questions you'd like answered, feel free to email sales@gainesvillecoins.com. If you're interested in buying silver online, you can read more on our informative Spotlight Pages. Keep stacking and enjoy!

by Everett Millman

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