Purchasing Silver Bullion by Type

​Most novice investors know they can purchase silver bullion in coin form.  However, the silver bullion used for investment purposes is also available in other formats including bars and rounds.  The key defining factors of silver are purity and whether it was made for monetary reasons.  Typically, silver is purchased solely for investment and wealth protection purposes, no matter what form it is in.  While rare or numismatic coins are purchased for speculation or collection purposes.

Coins in Various Sizes and Types
The most common type of silver bullion would be coins.  In most instances, they are coins issued by the United States or other governments.  This special coinage has marks designating its silver authority.  These indications define the face value of the coins.  Investors purchase coins by troy ounce, which is the weight measurement for this type of precious metal.  Most coins are 1 troy ounce but they can be larger or smaller, so be sure to check before you buy.



​Impressive Silver Bars
Often the image of gold or silver bars is used to portray wealth. A silver bar is considered desirable because they are typically the largest form of silver bullion available.  While coins are small and easily exchanges, bars are an efficient way to purchase and store larger quantities.  Silver bars are sometimes minted by governments and frequently made by private companies.  These precious metal bars are available in a wide range of sizes from 50 ounces up to 1,000 ounces or more.  Investors who put a great deal of money into the purchase of silver often choose the bar form.

Investing in Silver Rounds
While silver rounds might resemble silver coins, they are not the same. They are an efficient way to purchase bullion for investment purposes since they typically have lower premiums above melt value than legal tender coins issued by governments. Still, buyers must be cautious.  Sometimes counterfeit silver rounds are sold by scam artists.  These counterfeit coins show a nominal face value, which is typically reserved for government coins.  Legitimate silver rounds are made by private companies and are not legal tender produced by a government.  Legitimate, privately minted silver rounds do not show a face value.

Always do adequate research to make sure a silver dealer is reputable.  Purchase silver in all types to have a well-rounded portfolio.  Silver is a timeless investment because it is used for so many market purposes.



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