Whether or not silver coins or bars are better depends on who you are as an investor.

Bars have the lowest premium over spot price.Īlthough bars may have the best value, a disadvantage could be that they are harder to liquidate than coins.

Bullion bars are compact, stackable, and easy to store.

One potential disadvantage to note is that coins often come with a higher premium than bars. Only the most experienced collectors are successful at employing this tactic.” However, before buying a numismatic coin as an investment, consider what precious metals broker Don Stott once said, “Even though there are those who use numismatic coins as a store of wealth, their value is not always associated with the bullion spot price. If a numismatic coin is rare and in great condition, it can often trade over the spot price of the precious metal it contains.įor example, a silver numismatic coin might have the same amount of precious metal content as a silver bullion coin, but its collectible value may allow it to sell at a higher price. Unlike bullion coins, the value of a numismatic coin is influenced greatly by its rarity and condition, not just its precious metal content. Rare or collectible coins are known as numismatic coins.

90% Junk Silver (pre-1965 quarters, dimes, half-dollars, etc.).

Examples of coins in this category include: They are considered to be a form of currency, an asset with a defined value that remains consistent for the most part. Bullion Coinsīullion coins are purchased mainly as an investment and are manufactured year-to-year. To find out why let’s quickly go over the difference between numismatic and bullion coins.

Coins are much easier to “barter” or trade-off during a crisis than bars, according to silver expert David Morgan.Īnother potential advantage is that some coins that are considered numismatic may be worth more than their precious metal content.

Coins are legal tender and come with a guarantee of quality from the government, which means they have more recognition in the market.

The government does not legally classify bars as currency.

On the other hand, bars are manufactured solely for their merits as bullion. Coins and bars are not only different in their physical shape, but their purpose is also unique.Ĭoins are legal-tender money. You might think the only difference between silver coins and bars is their appearance, but you’d be mistaken.

The Difference Between Silver Bars & Coins To start, we’ll explain what these forms of bullion are and how they differ. Today, we’ll discuss whether it is best to buy silver coins or bars should you decide to invest.

That being said, is there any form of bullion that has a significant advantage over the other? When purchasing silver, investors can choose from coins, bars, and fractionals at varying levels of fineness. Silver bullion comes in all shapes and sizes.

Should i buy silver coins