Silver Bullion - What are silver bullion
coins?
What are silver bullion coins? Silver bullion coins
here are in reference to silver bullion coins in the traditional or conventional sense. Firstly, the relevant
silver coins contain a very high percentage of
silver in terms of the weight of the silver coins in relation to the total
weight of the coins, and secondly, the silver content ranks extremely high in terms of its purity (999.9, 999, etc.). E.g. the
American Silver Eagle contains 1 troy ounce of fine silver with a purity of
999 or 99.9% and the Canadian Silver Maple Leaf contains
ultra-fine silver with a purity of 999.9 or 99.99%.
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Given the above, it must be clear that the classification of
silver coins here as silver bullion coins goes beyond the modern
classification of silver bullion based only on the fact that
the silver melt value of the relevant coins is
higher than the face value of the relevant coins (despite any collector’s value or numismatic value). Needless to say, silver purity and silver weight are factors of extreme importance to
consider here. The following sections of the Silver
Bullion website shed more light on the type of silver coins we are referring to here:
“What is silver bullion?” and “What are silver coins?” (in terms of this website).
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In addition to the above, we are also
in reference here to silver bullion coins that are
classified as legal tender, which means it has a face value and must be accepted as a form of payment for a
debt, and are minted and circulated by a government mint. It is thus silver bullion coins that are official
government-issued silver bullion coins such as American Silver Eagles, Canadian Silver Maple Leafs, Mexican Silver Libertads, Chinese Silver Pandas, Australian Silver Kookaburras,
Australian Silver Kangaroos, British Silver Britannia and Austrian Silver Vienna
Philharmonics. These silver bullion coins are the exact opposite of privately minted and issued
silver rounds that have no face value.
Besides this, silver rounds are also silver bullion coins in the traditional or conventional sense (in terms of
silver purity and weight) and have
been included in the list of silver bullion coins. Thus,
the list of silver bullion coins do contain both government and privately minted and issued silver bullion coins
(legal tender and non-legal tender coins).
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