Coins Vs Bars
Reasons to Choose Silver Coins over Silver Bars
Legal tender silver bullion coins represent a wiser, more attractive choice over silver bars for a number of very good reasons:
Peace of mind - All silver bullion legal tender coins weight and purity is guaranteed by their respective governments mints. The size, weight, fineness and image on the coin is in effect a certificate of authenticity from the government mint.
Easier to Divest - There may come a time when an investor wants, or needs, to sell some or all of their silver bullion portfolio. In the precious metals market silver coins are easier to authenticate and therefore easier to sell as each coin is carefully regulated in terms of weight and quality by the government mints that produce them.
Internationally Recognised - Legal tender silver bullion coins are internationally recognisable and sell for a higher premium to silver bars in the secondary market so any small initial premium will be recovered when you sell your silver bullion coins.
Use for Direct Trade - Silver bullion coins will be a lot easier to use for trade in a worst case scenario event like global fiat currency collapse.
Definitions
Silver Rounds
Silver bullion rounds are minted by a private mints in a flat round shape of a coin. They do not have legal tender status. Their value is a function of their size, purity, the prevailing spot silver and the current Rand / $ exchange rate.
Silver Bullion Bars
Silver bullion bars are minted by private mints and are produced in the form of a rectangular bar. They do no have legal tender status. Their value is a function of their size, purity, the prevailing spot silver and the current Rand / $ exchange rate.
Legal Tender Silver Bullion Coins
Legal tender silver bullion coins are silver bullion coins that have been minted by government mints. They have legal tender status. Their value is a function of their size, purity, the prevailing spot silver and the current Rand / $ exchange rate and not the legal tender face value on the coin.
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