Round~ Definition : A round is a precious metal disk usually issued by a private entity and not intended to circulate as money, and which is stamped or stucked with images or devices and sold to collectors and investors as a collectible. Rounds look very similar to actual coins and it is common to see the term coin used incorrectly where round is really the proper term. So I guess this should answer your question.
Mints produce NCLT as commemorative coins, Non Circulating Legal Tender. They have a face value and are not rounds. You can still spend them though, for the face value, which makes them fiat currency. Rounds do not have a face value, so can't be spent. No government has fixed their value. Although there is a fair bit if laziness surrounding the issue, I often refer to anything round shaped and not meant for circulation as a round, there is a numismatic definition of a round. We of all people should be able to distinguish between fiat currencies and intrinsic values and be able to use the correct terms.
Doh. How many will do that? It seem everyone is confuse with the term Round. Coins is government issue. Of course it is just an indication not the actual value of precious metal. When it comes in confiscation guess which one goes first.
no i know its only clasified as a coin if it is minted by a government or government empowered/authorised mint and has a legal tender asigned to it. whereas a round is usually minted by everyone else
seeing as you already stack 1966 50 cent coins the next best and were talking rounds not coins, any scottsdale rounds would sell easy
Now we have sorted the different round and coin, the original question What is the most liquid 1 oz round? If it is cheaper than spot than it is liquid. ( 999 silver) Or the question is suppose to be ## What is the most liquid 1 oz silver?## Have to check properly the original op How many have confuse the question.
You hit the nail on the head, silver in any form will sell quickly if it's priced closer to spot than any other sellers.
Why pay attention to anyone here? Everyone is naturally biased to what they like. Sample is too small. The market has already spoken and solved your question. millions of opinions are on file if you care to notice. SAE's are the clear global standard. Nothing else come close.
The op's original question was - Just trying to decide which way to go for the most liquid 1oz round in Australia?
Wow, it wasn't my intent to set off any arguments about the differences between coins and rounds, so I apologise if my question was too vague. I'll rephrase the question as to what do you consider the most liquid or easiest to sell in Australia 1oz "piece off silver" with an emphasis on a SHTF scenario.
PM silver kooks as there is a sticky in the silver coin trend PM silver lunar coins are also good. For SHTF scenario like a hyperinflating Weimar Germany, I'd say any easily recognisable form of silver. Gold even better but who can afford gold.
The Libertad was an attempt to remonetise silver as an intrinsic value currency. http://www.thebullandbear.com/articles/2010/0710-Silver.html And the most liquid round would be a gallium round ( someone had to say it)
Get whatever you can, that are produced regular with no real difference or dates. Kooks are great but then you have to take into account the years how many of each etc... Same as most other bullion. Below is a real quick summary of how I see it. 1966 Rounds - Have 1 year and millions of them available, trade low to spot (Good) Scottsdale, Goldstackers, - Have good stock and should continue as regular item (Good) Junk Silver - 1kg or so is not a bad bet for some fractional silver if the budget allows (Fair) Kooks, ASE's etc... - Many different years, some with Numis some without. Have to sell at different prices etc... (Bad extra work) Lunars, Panda's - As above but much worst (Very market driven, Bad) 1kg Silver Bars - Very good forget rounds 10oz Silver Bars - Very good forget rounds This is totally different to a collector or someone with Numis interest. Having to try and sell a mixed lot of stuff and still selling, I know what is easier and where I want to be when I need or wish to sell. Too much variety is not for me. Yes I still have collections but the mix is changing rapidly
:lol: :lol: :lol: too funny I would just go with round 50's and any of the low premium Scottsdales. But anything priced right will be liquid regardless of what it is
