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Silver rounds at spot11/8/2022 ![]() ![]() ![]() Then round silver blanks are stamped from the strip and “rimmed.” Finally, the finished blanks are minted – a large press with dies for the obverse and reverse stamps each blank with its design. It's then annealed to remove the work hardening in the silver. The ingot is sent through a rolling mill and formed into a thin silver strip about 5 inches wide. Private mints and refiners compete for business, government mints do not.īoth rounds and coins start as molten silver which is poured into an ingot. So part of the premium difference in rounds versus coins can be explained by costs and efficiency in the private sector relative to government. The labor involved in fabrication of coins and rounds drives much of the premiums charged for bullion products. Silver rounds and silver coins are fabricated exactly the same way, so it is reasonable to think that their premiums might be similar. Money Metals Exchange offers competitive silver prices, making it simple to start investing and securing your wealth by adding bullion rounds to your portfolio. Dealers trade them in quantities rivaling popular coins such as the American Eagle or Maple Leaf silver coin, providing assurance they will be easy to sell when the time comes. And they are extremely liquid and common in the market. Rounds are a great alternative to bullion coins - offering lower premiums than their government issued counterparts for the same metal content. Rounds do not carry a currency denomination (25 cents, 1 dollar, etc), they typically do not have a date, and they may not be mint marked. They are marked with their metal content and purity. Like silver coins, however, they are round in shape and are typically stamped on both the obverse and reverse with symbolic and meaningful designs. They are not referred to as coins because they are not government minted nor are they legal tender. The answer: Silver rounds are privately minted coin-shaped silver pieces, produced by private mints. One of the most common questions for those new to buying silver bullion is: ![]()
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