These rounds are found in a wide variety of sizes including 1/10 oz, ¼ oz, ½ oz, 1 oz, 2 oz, and 5 oz. As stated above, these rounds are produced by privately owned mints in large numbers each year. Silver Buffs (a colloquial for Silver Buffalo Rounds) are hands down the most popular and heavily produced Silver round in the U.S. Mint from 1913-1938 and was comprised of 75% Copper and 25% Nickel. The Buffalo Nickel was designed by a sculptor named James Earl Fraser and was produced as a 5-cent piece by the U.S. Nickel) sometimes referred to as an Indian Head Nickel. The 1 oz Silver Buffalo Round is another instance of this that copies the old Buffalo Nickel (U.S. Some examples of this include the ‘Standing Liberty’ (U.S.
Mint and their subsequent old coins that use to be in circulation. Often time, these privately-owned mints will borrow old designs from the U.S. Here in the United States, we have a handful of privately-owned mints that produce rounds that come in a huge range of sizes and design. These are extremely cheap alternatives to Silver coins and the premium (or price over market spot price) is much lower per ounce. The term round annotates Silver that is minted to look like a coin but is not backed by any domestic or foreign Government. That is not to say that some vintage bars do not trade for much higher premiums than what is typically found mint-direct or from the secondary market. Generally speaking, bars are preferred for folks stacking serious weight and do not concern themselves over collectability, instead focus on Silver as an investment purely for its metal content. The most common weights are 1 oz, 5 oz, 10 oz, kilogram, and 100 troy ounces.
The term bar annotates Silver that is either poured, casted or minted into a rectangle shape and vary in weight. Collectability can be mild to wild for Government backed bullion coins depending on the grade, age and number of coins minted. They also have a numismatic variable that gives them value through the coin’s collectability. Coins generally have a higher premium (industry jargon for ‘markup’) than rounds and bars. The term coin annotates one of the various world Governments either directly produced or contracted a mint to produce bullion backed by their countries sovereign form of money. The three main forms of Silver bullion are coins, rounds and bars. If you buy Silver or have been looking at investing in the popular precious metal, you have probably realized that Silver bullion comes in a plethora of shapes and sizes, minted and manufactured by a huge variety of companies and governments. Whats the difference between coins, bars and rounds?
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