A silver round is a silver coin that is struck by a private mint. Most private mints around the world manufacture silver rounds. The silver coins earned the term ’rounds’ as the coins, round in shape, were stacked in rolls to make transportation easy. Despite their being silver coins, they do not have the status of a legal tender.
Silver rounds are available in a number of sizes and weights, starting from less than an ounce and going over ten kilos. Silver is mixed with an alloy – mostly copper – to give more durability to it. The percentage of the alloy in the coin can vary; the best silver rounds have 99% silver. Investing in silver is an option among many, as it can help guard them against inflation.
Why Invest in Silver Rounds
As noted previously, silver, along with gold, is a valuable asset and can protect you from inflation. Unlike other commodities, the value of these metals increase as prices rise, so it makes sense to buy silver rounds. They shield you in times of tough economic conditions. Silver is also an alternative to investing in gold, which is more expensive. Silver rounds, especially, are less expensive than the numismatic silver coins that are the fancy of coin collectors and numismatists, as they have lower premium.
If bullion is what you are looking for, opt for silver rounds that are also available in bullion form so that you can buy silver bullion rounds. The Pan American Silver Bullion is one of the best silver bullion rounds. These coins are minted using .999 silver and come with the picture of a miner drilling into the ground for silver ore. The Northwest Territorial Mint is another well-known silver bullion round. Like the former, these coins too are made from .999 silver and come with the picture of an eagle on one side and a set of scales on the other.
Earlier, people had to approach a local coin dealer for coins of such value. But now, with dealers selling silver investment options over the internet, you can access one from any part of the world with just the click of a button.
Buying Silver Rounds Online
Before you contact an online coin dealer and enter into agreement with him, you first need to do complete research on the subject. You need to be informed about the best mints operating online, the best online stores for buying silver rounds etc. You should also be sure of the reliability of the online store and the seller selling the coin.
One of the factors you need to consider is why you need to buy silver online, whether it is for starting a coin collection or whether it is an investment to protect yourself against inflation. If the former is your reason, you can opt for online stores where silver products are sold.
Silver Rounds – Ideal for Long-Term Investment in Silver
If a long term investment is your motive behind buying silver rounds, then the best option would be to buy silver rounds in an IRA (Individual Retirement Account). Using this option will also serve as a tax shelter for your investments.
Just like any other investment, there are a few factors to look for before buying silver online. When purchasing through online stores, be sure of the reliability of the seller. This can be done by checking the feedback given to the seller by buyers. The positive feedback will give you an idea of how trustworthy a given seller is. Also make sure the seller allows for a refund in case you are dissatisfied with the product. This will ensure that your hard earned money doesn’t go down the drain.
Where to Buy Silver Rounds
There are plenty of coin collectors and numismatists that offer silver rounds for sale on sites like eBay and Craigslist. Though buying through online stores makes the process simpler, you are also at risk of being swindled. The safest option for buying silver rounds online is JM Bullion.
Many of the world’s best also mints offer their services through the web. Some of the well known mints operating online include the Royal mint based in the UK, the Perth Mint in Australia, the Royal Canadian Mint based in Canada and the US mint based in the USA. Though these are reliable sources for purchasing silver rounds, they don’t have a comprehensive inventory of coins from other mints. For instance, the Perth Mint will not have the American Eagle coin.
If you want a dealer who can provide you with all the silver investment vehicles, the best option is JM Bullion.