Round vs Bar

Discussion in 'General Precious Metals Discussion' started by TxMoon, Oct 7, 2017.

  1. TxMoon

    TxMoon New Member

    Joined:
    Sep 19, 2017
    Messages:
    27
    Likes Received:
    13
    Trophy Points:
    3
    Location:
    San Antonio, TX
    Why are rounds cheaper than bars if they both weigh the same? I just bought 20 - 1oz rounds because they were $1.99 each less than the 1 oz secondary market bar. Ounce for ounce I'd rather stack bars than rounds but I can't pass up that kind of deal.
     
  2. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,586
    Likes Received:
    1,947
    Trophy Points:
    113
    Location:
    NSW
    That is a good question to which I would like to know the answer too as well.

    In Australia today at a major bullion company they are selling the following one ounce items.

    1 oz SILVER coin - 2017 Australian Kangaroo 0.9999 - Perth Mint $26.18
    1 oz Silver Bar - 99.99% Minted Silver Kangaroo Bar - Perth Mint $26.27
    1 oz silver coin - Sunshine Mint round 99.9% pure $25.68

    The American round is cheapest. But in this case the Kangaroo bar is the dearest and more than the legal tender Silver Kangaroo coin. Why would the bar be more expensive than the coin?
     
  3. TxMoon

    TxMoon New Member

    Joined:
    Sep 19, 2017
    Messages:
    27
    Likes Received:
    13
    Trophy Points:
    3
    Location:
    San Antonio, TX
    That Kangaroo Bar is a very nice looking bar.
     
  4. kezza26

    kezza26 Active Member Silver Stacker

    Joined:
    Oct 28, 2013
    Messages:
    220
    Likes Received:
    68
    Trophy Points:
    28
    Location:
    New Zealand
    Does the ease of storage have to do with it? Supply Vs Demand?
     
  5. TxMoon

    TxMoon New Member

    Joined:
    Sep 19, 2017
    Messages:
    27
    Likes Received:
    13
    Trophy Points:
    3
    Location:
    San Antonio, TX
    I can't see a round being easier to stack than a bar. I would think coins and rounds would be more popular therefore more expensive due to demand with the Numismatic crowd.
     
  6. whay

    whay Well-Known Member

    Joined:
    Jan 8, 2016
    Messages:
    506
    Likes Received:
    332
    Trophy Points:
    63
    Simple. Perth mint's products are always over priced.
     
    Silverling likes this.
  7. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
  8. Platinumbullion

    Platinumbullion Active Member Silver Stacker

    Joined:
    Jan 31, 2014
    Messages:
    153
    Likes Received:
    117
    Trophy Points:
    43
    Location:
    Sydney
    Its about the manufacturing and quality of finish. I've worked in minting of rounds and bars and the care that needs to be taken of the dies and minting environment is extreme.
     
  9. Platinumbullion

    Platinumbullion Active Member Silver Stacker

    Joined:
    Jan 31, 2014
    Messages:
    153
    Likes Received:
    117
    Trophy Points:
    43
    Location:
    Sydney
    and then again some companies can just charge a higher premium because people will pay it.
     

Share This Page