MintID Buffalo Silver Round – 1 Troy Ounce .999 Pure Investors need to know the metal they buy is genuine. Counterfeits and adulterated coins, rounds and bars are a reality. And they are a problem that may become worse as the value of silver rises. That is why it is critical to buy from trusted sources who take quality control seriously – like Dave&Co and MintID.
MintID delivers the world’s most secure bullion product. Unlike serial numbers, UPC codes, QR codes, or barcodes MintID chips cannot be copied or cloned. MintID only uses locked encrypted microchips that link your physical bullion products to their cloud based digital records.
- Digital Identity
- Verify each bullion product authenticity with a scan using the MintID app
- Traceability
- Eliminates Grey Markets by tracing and tracking any unusual scans outside of the supply chain.
- Tamper Proof
- Custom engineered AES 128 bit encrypted micro-chips designed to self-destruct if tampering is detected.
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Buffalo Coins vs. Rounds
Coins and rounds look similar enough that people often mistake one for the other. They may have the same size, diameter, and thickness. The manufacturing proces is the same – mints take a silver blank and stamp each face with a design. Add to that the same weight and percentage of precious metal and you can see the source of confusion.
The difference is in which organization does the minting. Coins are exclusively made by a government mint. In the United States, only the US Mint is permitted to strike coins. Coins can have a face value, meaning they are legal tender. They often feature the mark of the production US Mint.
On the other hand, a round is struck by a private mint. It does not have a face value. This means a round isn’t a legal tender backed by the United States government.
In general, coins tend to carry a higher premium than rounds. They are also far more popular with collectors while rounds appeal more to investors looking to get as much precious metal for their fiat currency as possible.
Specifications
The one troy ounce coins weigh 31.1035 grams. The rounds measure 39 millimeters in diameter and 2.8 millimeters in thickness. The edges of the round are usually reeded, as opposed to the plain original. All manufacturers make the buffalo silver rounds with 99.9% purity and reeded edges.
Who Makes Them
MintID produces silver rounds in ISO 9001 accredited minting facilities and the metal is sourced from LBMA/COMEX approved refiners.
1 Oz Buffalo Silver Round Value
Silver rounds generally feature lower premiums than bullion coins of the same size. They are designed to attract investors who wish to park their money in precious metals.
Should I Invest in 1 Oz Buffalo Silver Rounds?
Silver rounds are far more affordable than silver coins, making them ideal for investors. They are also a good starting point for beginner investors. Use them to diversify your portfolio, preserve your wealth, or profit when silver prices go up.
On the other hand, rounds don’t hold much numismatic value. If you’re looking to build a private collection, coins are the way to go.
Prospects
Buffalo silver rounds are affordable and in plentiful supply. Should silver prices rise, no other bullion product is likely to perform better.
Finally, investing in precious metals is a sound decision. Fiat currencies are subject to inflation and are only as good as the the governments behind them. This is why fiat currencies fail and why people have used precious metals to preserve their wealth for centuries. MintID Buffalo Silver Round – 1 Troy Ounce .999 Pure
