Coins & Rounds Guide
and a list of
Coin Dealers




Coin Dealers



Bullion Coins & Rounds
Defined




Bullion Coin - defined

amer eagle silverReverse Side of the American Eagle Silver Bullion Coin

The difference between a "bullion coin" and a "bullion round" is in consideration as to who manufactured the item. 

Bullion coins produced by a government are legal tender backed by the government who minted the coin. 

Legal Tender - is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. 

Legal tender can only be issued by the national body that is authorized to do so, such as the U.S. Treasury in the United States and the Royal Canadian Mint in Canada.  (definitions by wikipedia & investopedia)

Legal Tender gives the bullion coin a "Face Value,"  for instance, the 1oz. American Eagle Silver Bullion Coin has a face value of "ONE DOLLAR."

Although the intrinsic value of the silver coin is worth a lot more than one dollar, the United States Government recognizes and authorizes the coin to hold the value of 'ONE DOLLAR.'


Bullion Round - Defined

pan amer silver roundPan America Silver Round

A private mint or privately held entity manufacture bullion rounds. 

For instance, Pan America Silver is a silver mining company; they had a contract with the Northwest Territorial Mint to exclusively produce rounds and bars with silver mined from Pan America.

You can see 'Northwest Territorial Mint' inscribed along the bottom of the round (to the left).

Bullion Rounds are not legal tender and they are not backed by any government.

There are some exceptions to this rule, one example being the Mexican Libertad. 

The Mexican Mint produces Gold and Silver Libertads, under the authority of the Central Bank of Mexico (Banco de Mexico) and the Mexican Government.

However, the Mexican Libertad does not have a "Face Value" and is often called a "Round."

The New Zealand silver 'Fern' rounds and gold 'Kiwi' rounds are another example of government bullion that does not have a Face Value.






Premiums
Bullion Coins vs. Bullion Round




coins

Premium is a term used by coin dealers as a reference to the markup of a coin or round, above its intrinsic value.

Bullion Coins have higher premiums than those of bullion rounds because bullion coins are minted by a government giving investors confidence that the correct weight and purity is inscribed on it.

Furthermore, bullion coins have higher premiums because they are designed by master engravers and award-winning artists, known for their brilliant coin designs.

However, for the last several years, bullion rounds have grown in popularity for their designs, recently some private mints have produced rounds from shipwrecks and other found treasures, making the rounds worth more than others.

Popular series of rounds include the Silver Shield Collection and the SD War Collection.  SDBullion.com a.k.a. Silver Doctors offers these rounds on their website.

If you want to know the market's premiums on these rounds, the best suggestion is to look up these rounds on the secondary market (i.e., an auction site or eBay), to find out their resale value.

Other bullion rounds that carry higher premiums, than most, are the old Engelhard or Johnson Matthey bullion rounds produced in the late 70's and 1980's. 

Bullion rounds that are sought by collectors give these rounds a higher premium.

In addition, Bullion Coins with annual mintages under one million also carry higher premiums; this is discussed on the World Bullion dealers page.





SD Bullion
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More and more, to make rounds appealing to the public, private mints are producing bullion rounds that look like government issued bullion coins.

This has been observed with rounds that resemble the 1oz. American Eagle Silver bullion coin.

The photo below is a silver bullion round that looks like a real 1oz. American Eagle Silver bullion coin.

In the photo, you can see some of the UNIVERSAL characteristics of all bullion rounds.

You can see on the reverse side of the round, on the right, the words "ONE TROY OZ."  

"TROY" is always spelled out on a bullion round and it is usually spelled in all CAPS.   

Here are some variations of how you will see "TROY" spelled out on a bullion round: "ONE TROY OZ., TROY OUNCE, OUNCE TROY


one oz roundSilver Bullion "Round"

Another easy way to identify the difference between a Bullion round from a bullion coin is that rounds Have NO "Face Value."  

In addition, many (but not all) bullion rounds do not have a "Year of Issue" inscribed on them.

The photo below is an example of an official 1oz. American Eagle Silver Bullion Coin, by contrasting the two photos you can see the differences between the round and coin.

silver eagle1oz. American Eagle Silver Bullion "Coin"




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Copper Rounds




When the price of copper moves above $2.50, copper rounds become more prevalent on coin dealer's websites.

The key phrase in the sentence directly above is the "price of copper."

Many individuals are unaware that copper is priced in pounds (.lbs), not troy ounces.

This means that the Copper chart, to the right, is the price of copper, per pound.

Most Bullion rounds & bars are only worth the amount of the precious metal contained inside them a.k.a. "Intrinsic Value."

Copper price per (lb.)

The equation below explains what a 1oz. copper round would be worth if copper was trading for $3.00.

$3.00 per lb. of cu/16  =  $0.19 per gram  (16 ounces = 1 lb.)

copper round"1 AVDP" OUNCE Copper Round

You can visit this guide's "Troy vs. OZ." page to learn more about the differences between the two systems of weight.

Furthermore, because copper is sold and traded in the Avoirdupois systems of weight, copper rounds should also indicate this system of weight on the round. (Avoirdupois is pronounced as; a-vo-du-pwa)

The weight of the copper round, to the right, is outlined in red.







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Investment vs. Numismatic 
Bullion Coins




Technically, bullion is seen as an investment, and the coins are made as such an item; meaning they are not seen as a collector's item. 

Bullion coins do not come in special packaging or decorated boxes, nor do they have a certificate of authenticity, like their numismatic or collector's version counterparts.

For instance, if you were buying 20 - 1oz. American Eagle Silver Bullion Coins they would be delivered to you in a tube of 20.

However, if you were buying 20 - 1oz. American Eagle Silver Proof Coins, they would be delivered in 20 separate boxes, each coin would come in protective packaging, and each coin would have a certificate of authenticity.

In regards to price, for either bullion or numismatic coins, you will want to buy the coins when the spot price of the precious metal the coin is made of has dipped or is consolidating and sell them when you think the price is peaking or has over appreciated.

buy the dips chartBuy the Dips -- Sell the Peaks





Coin Dealers of
Bullion Coins and Rounds





Below you will find two groups of reputable Coin Dealers.

The first group is a list of this Guide's Affiliated Bullion Dealers

Each Affiliated listing includes:


  • A screen shot of the page you'll land on if you click the Dealer's links

  • A brief description about the bullion dealer

  • Links to the bullion dealer's Better Business Bureau review page and other customer review pages (where applicable).

The second group consist of non-affiliated bullion dealers, they are on this list because although the guide is not affiliated with them they still belong in this list.

The Free Bullion Investment Guide receives a commission from every referred customer's sale we send to an affiliate.

The guide's earnings are used for two main purposes, the first is the most obvious, to keep it online to give you an honest approach to bullion investing.

The other is to give 50% or more of what it earns from the Bullion Guide to Cancer Research or to those who are Battling Cancer.   To see who this guide supports now and who it has supported in the past - click here.

Important Note: If you'd like to help the Free Bullion Investment Guide, the Cookies on your computer must be Enabled for the Guide to receive a commission.

Cookies only indicate, to the merchant, that you linked to the merchant's website from this guide.  No Personal Information is Obtained in this process.




Note: As a suggestion to anyone interested in buying bullion from any one of the sites listed below, Please Read each company's ordering instructions and shipping rules carefully.



Affiliated & Non-Affiliated

Bullion Dealers are Not Listed in Any Specific Order





* = Affiliated - Round & Coin Dealers



* GoldenEagle Coins - (Homepage) -

GoldenEagle Coins is a Family Owned Precious Metals Dealer based in Laurel, Maryland, that has been in business since 1974. 

They offer one of the largest online selections of precious metals bullion. 

Golden Eagle Coins - Trust Pilot Customer Review page

Golden Eagle Coins - Better Business Bureau Review page

Golden Eagle Coins - Customer Testimonial page











* JM Bullion - (Homepage) 

Gold and Silver Bullion Dealer based in Dallas Texas.

JM Bullion is one of the most popular bullion dealers in the United States, they offer a wide selection of Precious Metals Bullion Coins, Rounds and Bars. 

Recently, JM Bullion started to accept Bitcoins, as a choice of payment.

JM Bullion - Shopper Approved - Reviews page

JM Bullion - Better Business Bureau Review page











* Bullion Exchanges - (Homepage) 

Bullion Exchanges is a trusted Precious Metals Retailer located in the heart of New York City’s Diamond District. 

Bullion Exchanges we have a wide variety of products including but not limited to, metals that range from the ever popular gold and silver to the newly emerging platinum and palladium.

Bullion Exchanges - Trusted Pilot Customer Review page

Bullion Exchanges - Better Business Bureau Review page











* SD Bullion/Silver Doctors - (Homepage) 

SD Bullion is a Precious Metals Dealer located in Michigan, they offer wide selection of bullion bars, rounds and coins.

SD Bullion is a subsidiary of the popular alternative financial website 'Silver Doctors.' 

SD Bullion - Trust Pilot Customer Review page

SD Bullion - Better Business Bureau Review page











* BGASC - (Homepage)

"BGASC" is a acronym for "Buy Gold And Silver Coins" they are a Precious Metals Dealer based in California.

They offer a large variety of gold, silver, platinum and palladium bullion.

Every single package BGASC ships is sent fully privately insured for its time in transit.

BGASC - Trust Pilot Customer Reviews page

BGASC - Better Business Bureau Review page










* Money Metals Exchange

(Homepage)

Money Metals Exchange is a Precious Metals Dealer based in Idaho, US.  They offer bullion in gold, silver, platinum and palladium.

They also have a popular blog and they host a weekly podcast with precious metals market insiders. 

Money Metals Exchange - Better Business Bureau Review page











* The Perth Mint - (Homepage)

The Perth Mint is known throughout the world for its high standards in refining and minting investment bullion coins of the highest quality. The Perth Mint is the oldest operating Mint in Australia, it opened on June 20th, 1899.










* Golden State Mint

(Silver Shield Rounds page)

based out of California, the Golden State Mint has been in the precious metals business for more than 40 years.

They specialize in the minting of silver, gold and copper, they also have the ability to produce numerous sizes and endless designs.

Note: This guide only receives a commission from GoldStateMint when over $500.00 in precious metals is ordered.








Non-Affiliated
List of
Coin Dealers






Texas Precious Metals


Gainesville Coins 


US Gold Bureau


Canadian Bullion Services


Blanchard


Bullion Money
Australian Bullion Dealer


Canadian PMX


Bullion By Post
UK Bullion Coin Dealer


BullionStar
Singapore Based Coin Dealer



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