Andrew Coulter
New Member
Pros and cons?
Generic silver rounds
- Thread starter Andrew Coulter
- Start date
Is the OP talking about minted coins or non minted coins?
In Australia we mostly call, all minted coins as "coins" not rounds; "rounds" are generally described for 1oz silver (Not coinage as per the "Currency Determination" which is a legal and binding document).
In any case, you could call the Perth Mint 2020 Australian Kangaroo 1oz Silver Bullion Coin as a round or a coin, up to you.
I'd prefer to buy a minted coin because they have collector potential, some of the coins produced by The Perth Mint have had and continue to have a huge following
locally and overseas, especially, China, Germany, Europe, Canada and the US.
I think you'll find that, some of the rounds made by entrepreneurs, are forgotten about, having said that, some become "legends".
If had a choice, I'd buy rolls of coins, because you may find a coin that has an excellent grade.
The Perth Mint Lunar coins come in a protective acrylic capsule where as some of the other nomenclature are sold without a capsule.
In Australia we mostly call, all minted coins as "coins" not rounds; "rounds" are generally described for 1oz silver (Not coinage as per the "Currency Determination" which is a legal and binding document).
In any case, you could call the Perth Mint 2020 Australian Kangaroo 1oz Silver Bullion Coin as a round or a coin, up to you.
I'd prefer to buy a minted coin because they have collector potential, some of the coins produced by The Perth Mint have had and continue to have a huge following
locally and overseas, especially, China, Germany, Europe, Canada and the US.
I think you'll find that, some of the rounds made by entrepreneurs, are forgotten about, having said that, some become "legends".
If had a choice, I'd buy rolls of coins, because you may find a coin that has an excellent grade.
The Perth Mint Lunar coins come in a protective acrylic capsule where as some of the other nomenclature are sold without a capsule.
Ive bought alot of the generics because they wouldnt be hard to part with when it's time to sell. Same with my bars. I have no attachment to them and they are still minted by the butt load.
They might not pull the highest premiums but it doesnt really matter, they will still sell just the same.
On the other hand i buy junk silver
(pre '65 US) because I love it and I wont sell it easily. I prefer to keep any of the old stuff and it's like a collection for me since its historic and finite and it really pumps my nads.
I'd have to be very hard pressed to sell any of that and I would probably cry, no kidding.
Right now I would just hunt for the cheapest ounces I could find if I was looking to buy.
An ounce is an ounce like has been said.
They might not pull the highest premiums but it doesnt really matter, they will still sell just the same.
On the other hand i buy junk silver
(pre '65 US) because I love it and I wont sell it easily. I prefer to keep any of the old stuff and it's like a collection for me since its historic and finite and it really pumps my nads.
I'd have to be very hard pressed to sell any of that and I would probably cry, no kidding.
Right now I would just hunt for the cheapest ounces I could find if I was looking to buy.
An ounce is an ounce like has been said.
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Well said!
So Johnny would you say it’s better to buy silver bullion coins to make short term profits or numismatics?. I’m new to silver as well and flipped a few bullion on market place but trying to figure out weather bars , bullion or numismatic are easier to sell .
It's hard to say about any short term gains and that can be risky in itself since its been so volatile and spot is so manipulated.
From the looks of the big online dealers they still have high dollar numismatic graded stuff that hasnt sold and it's always the last thing people want. It's not as liquid as other bullion and that's another factor why I avoid it.
I'm a long term stacker but I still avoid the numismatic unless I can get it for a good deal, usually I'm just looking for the most ounces for my money.
That's just my opinion and strategy. I try to keep it simple like that.
From the looks of the big online dealers they still have high dollar numismatic graded stuff that hasnt sold and it's always the last thing people want. It's not as liquid as other bullion and that's another factor why I avoid it.
I'm a long term stacker but I still avoid the numismatic unless I can get it for a good deal, usually I'm just looking for the most ounces for my money.
That's just my opinion and strategy. I try to keep it simple like that.
Alloy
Active Member
In America, where the OP is, a round is a privately minted disc in the round shape of a coin. They have no face value since they are not coins/money.
Coins are minted by governments, have a face value, and are usually legal tender, even though they'd never be used as such at their face value.