Should I Buy Silver Coins or Bars and Why?

As a tangible asset and liquid market, silver makes for a great investment option, especially when it comes to first-time investors. Yet, silver newbies are often completely at sea. They see no difference between investing in silver coins and bars and have trouble finding solid guidance on this matter.

This article is here to change this by providing the ultimate list of advantages for silver bars and coins. It will help you answer the question should I buy silver bars or coins that has likely been on your mind.

Here is what you can learn by reading on:

  • The basics of what a silver coin vs bar is.
  • The advantages of buying silver coins.
  • The advantages of buying silver bars.
  • The wide variety of silver items on offer at Bullion and Collectibles Exchange.

Definitions: silver coins vs silver bars

Silver coins

A silver coin, as its name suggests, is a coin made from silver. Silver is a valuable metal and was used to create the earliest mass-produced coinage in the world, dating back to the 6th century BC.

Today, silver coins continue to be legal tender, but are not commonly circulated for commerce. Rather, they serve as a hedge against inflation and a store of value.

Silver bars

Silver bars are bars made of silver by heating the metal and pouring it into bars - either cast or pressed. Silver bars come in different sizes, ranging from 5 grams to 1000 ounces. They are manufactured as an investment option and store of value and are not used as currency.

Difference between a bar and a bullion

Bullion is an encompassing term that refers to any form of physical silver (or gold) of high purity. Many people believe that over the years it has come to be understood to be the same as ‘bar’, yet bars don't necessarily equal bullion in everyone's mind. Most contemporary precious metals coins are primarily known as bullion to investors and collectors.

To decide between silver bullion vs coins, read this article first to help you understand the distinction between the different terms.

Famous people buying silver bars or silver coins for investment

Silver is becoming an increasingly popular investment option for beginners today. When it comes to buying silver bars vs coins, there are numerous people that made both popular.

One famous person that helped pave the way for the growing demand for this metal was Warren Buffet. One of the world’s wealthiest people, the famous chairman of Berkshire Hathaway bought a huge amount of silver in the late 1990s.

Photo by: Wikipedia

5 benefits of investing in silver coins vs bars

Silver coins can be a great investment option, particularly for the following reasons:

  1. Legal tender: Silver coins are recognized as legal tender. Experts say that silver is going to become the standard money for transactions in the event of a US dollar collapse.
  2. Variety of sizes: Silver coins come in a wide variety of sizes, which makes them easily divisible. This allows for flexibility when it comes to selling a silver coin vs bar, as owners can sell very small amounts if they wish to.
  3. Value greater than just metal content: While most bars’ worth is simply equal to their content in silver, coins have an added value. This is because they can be numismatic or collectible, gaining value over time.
  4. Easily transportable: With the exception of the largest among them, the size of most silver coins means they are easily transportable. This allows for no-fuss transactions.
  5. Design diversity: Coins are normally adorned with ornate designs. This makes them perfect for investors looking for more than just a valuable physical asset. They are instantly recognizable and aesthetically pleasing.

Silver coins available for purchase on Bullion and Collectibles Exchange

If you have decided that silver coins are the answer to is it better to buy silver coins or bars, your next step will be to find a reputable dealer. Bullion and Collectibles Exchange is just that. Here is only a small sample of the silver coins available there:

1. 2016 Silver American Eagle NGC MS69

  • Name: 2016 Silver American Eagle NGC MS69
  • Origin: United States
  • Metal: Silver
  • Fineness: .999
  • Year: 2016
  • Price: from $56.49
  • What makes the coin special: The 2016 version of the Silver American Eagle is of exceptional quality, having been graded MS69.

2. 2022 1 oz Silver Mexican Libertad BU

  • Name: 2022 1 oz Silver Mexican Libertad BU
  • Origin: Mexico
  • Metal: Silver
  • Fineness: .999
  • Year: 2022
  • Price: from $40.59
  • What makes the coin special: The 2022 Silver Mexican Libertad is a collector’s favorite as it commemorates the 40th anniversary of this wildly popular coin.

3. 2020 1.5 oz Australian Silver Striped Marlin (BU)

  • Name: 2020 1.5 oz Australian Silver Striped Marlin (BU)
  • Origin: Australia
  • Metal: Silver
  • Fineness: .999
  • Year: 2020
  • Price: from $50.69
  • What makes the coin special: A rare find, the 2020 Australian Silver Striped Marlin is a unique, beautifully-designed coin that was released by the Perth Mint.

5 benefits of investing in silver bars vs coins

Intrigued by silver bars? Let’s look at some of their benefits that will reinforce their appeal in your mind.

  1. Lowest premium over spot: The markup over the current market price per ounce of silver is lower for bars than for coins (and the same is true for silver rounds vs silver coins). Commonly, the larger the bar, the lower the premium.
  2. Great for large investments: While they come in a variety of sizes, choosing bars is the perfect way to acquire large quantities of silver. The equivalent investment in coins could sometimes mean purchasing hundreds or thousands of coins.
  3. Highly affordable: Most silver bars are less expensive than coins. This is due to their low production costs and the fact they do not have a numismatic value, among other reasons.
  4. Easily storable: Silver bars are convenient in terms of storage because of their rectangular shape. If you choose to store them at home, you can stack them, which will save you some space.
  5. Good for beginner investors: Since silver bars are worth their content in silver, they are an excellent option for rookie investors. To buy coins, you have to first educate yourself on their numismatic value and history. With a silver bar vs coin, you can jump straight in.

Silver bars available for purchase on Bullion and Collectibles Exchange

Are you leaning towards bars in the is it better to buy silver bars or coins debate? Then head to Bullion and Collections Exchange to explore a wide range of options. Here are some of them:

1. 1 oz Silver Bar - Buffalo Design (Types Vary)

  • Name: 1 oz Silver Bar - Buffalo Design (Types Vary)
  • Origin: Varies
  • Metal: Silver
  • Fineness: .999
  • Year: N/A
  • Price: from $29.17
  • What makes the bar special: This bar is one of the most beautifully-designed out there, making them perfect for embellishing an otherwise plain collection.

2. 500 Gram Silver Bar - IGR

  • Name: 500 Gram Silver Bar - IGR
  • Origin: Istanbul
  • Metal: Silver
  • Fineness: .999
  • Year: N/A
  • Price: from $461.56
  • What makes the bar special: This 500-gram silver bar is made by one of the most well-respected makers in the industry.

3. 1 Kilo Silver Bar - Italpreziosi (w/Assay)

  • Name: 1 Kilo Silver Bar - Italpreziosi (w/Assay)
  • Origin: Italy
  • Metal: Silver
  • Fineness: .999
  • Year: N/A
  • Price: from $897.57
  • What makes the bar special: This 1-kilo cast silver bar manufactured by a reputable maker is a great way to build your silver stack fast and economically.

Other silver investment options

Want to know even more about your silver investment options? Here are some further terms to learn in order to be able to confidently invest in the various silver items on offer on Bullion and Collections Exchange.

  • Silver dollars: A silver dollar is an American silver coin with a face value of one US dollar. The US Mint has not produced them for general circulation since 2011.
  • Junk silver: Silver coins can be minted as either fine silver or junk silver. Junk silver refers to silver coins without a numismatic value, which in the United States indicates pre-1964 90% silver coins like the Peace Dollar.

On Bullion and Collectibles Exchange, you will find both silver dollars and junk silver, as well as many more silver items to purchase. This includes American Eagles, Maple Leafs, Commemoratives, Britannias, Kangaroos, Libertads, and Rounds. To make a well-informed silver bars vs silver coins decision, learn all about them and their differences in detail right here.

FAQ about buying silver bars vs coins

To start summing up this article, we will answer people’s most common questions about silver investment.

How to tell if a coin is silver or clad without expertise?

To accurately identify a coin’s composition, assess its edges. Clad coins will have a copper ring around their edges. The mint date is also a clue, as most coins minted after 1964 are clad.

Is it better to buy silver rounds or coins if you are just starting out as an investor?

Whether to buy silver rounds or coins depends on each individual investor’s needs. Silver rounds vs coins have a lower premium. They are typically easier to find than coins, which could make them a good low-risk option for absolute beginners.

What’s the difference between coin silver vs sterling silver and which of them is a more valuable asset?

Coin silver is the material used to make silver currency items. It must contain at least 90% pure silver. Sterling silver’s required purity, on the other hand, is 92.5%, which makes it more valuable.

Silver demand is predicted to sky-rocket over the next few years, so this is the perfect time to be thinking about buying silver bars vs coins.

Before investing, beginners should read up on the details of different forms of silver coins and bars so they can confidently choose between them. They will have to decide between silver coins vs silver rounds and the size of their coins or bars, among other things.

What one should choose ultimately depends on various factors. This includes the size of one’s investment, desired storage options, and whether they want a collectibility element.

When deciding is it better to buy silver coins or bullion, the first step is to figure out what you want out of your investment. The second step is to find a reputable dealer to purchase from. This is where Bullion and Collectibles Exchange comes in. For a wide variety of coins at great prices, it is your go-to place!

Published on 13/12/2022
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