![]() Secondary market silver coins are usually the lowest premiums available, but we do occasionally have minty coins very cheap if we manage to source a good deal. This is not to say that bars are not a good investment and they should be evaluated on the day. Silver coins often carry a lower premium than bars and for this reason we recommend buying coins where possible. There are several other factors to consider when deciding whether to invest in silver bars or coins including, notably: This means that an investor can acquire precious metal in a coin like form but at a low premium. Most of the time these are similar to coins in their appearance but, like bars, are produced by private mints so are not considered as legal tender. It may also be worth thinking about silver rounds. Unlike coins, bars are produced by private mints such as UBS, PAMP and Metalor meaning that they are not considered as legal tender. They tend to be quite uniform in appearance mostly as rectangular slabs inscribed with the manufacturers mark, weight, purity and on occasion a serial number.Īlthough bars do not have the same collectability factor as coins they do tend to carry lower premiums, are compact and stackable so easy to store/transfer and are a great way for new investors to build their financial portfolio quickly. Whilst coins do tend to be more collectable this can also mean that they tend to carry higher premiums, can sometimes have longer waiting times and there is an increased likelihood of fakes. Most coins have their purity and weight inscribed somewhere on the reverse, with the obverse featuring a face value, year and a unique intricate design which often varies from year-to-year. CoinsĬoins are produced on behalf of a ruling party or government meaning that not only do they have the status of legal tender, but they are also usually finished to a high standard. Educating yourself on the differences can help maximise your investment value and make it easier or more efficient to sell in the future. When investing in silver it is important to know the difference between coins and bars and how these differences can be used to make an informed purchase. We are a fan of coins over bars and you will see why. We go into detail on this page for you on why you should buy silver coins instead of bars. When it comes to the question about whether it is better to invest in silver coins or bars, our answer is always the same that it depends on the needs and requirements of the individual investor.
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