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9

Coins are legal tender. They're authorized by governments and have a face value. Rounds are simply coined pieces of metal minted by private manufacturers. They do not have any face value and are not legal tender. Rounds are used to own metal, they have no value other than the value of the metal in them. Any premium you pay over the price of the metal is ...


5

I'm planning on buying Vienna Philharmonic bullion coins. What confuses me the most is the face value of the coins. For instance, copper coins have face value of 5 euros. You have confused bullion coins, which are valuable for the amount of precious metal they contain, with collector coins, which are valuable because collectors want to purchase them. They ...


4

At one point in history, gold and silver had something to do with paper-based money. Actually, quite recently - less than 50 years ago. Now, they don't. If you want to "convert" silver into paper money, you need to find someone who wants to buy it from you. Same as any other kind of metal. There's no special super-secret way to exchange silver for paper ...


2

There are various exchanges around the world that handle spot precious metal trading; for the most part these are also the primary spot foreign exchange markets, like EBS, Thomson Reuters, Currenex (website seems to be down), etc. You can trade on these markets through brokers just like you can trade on stock markets. However, the vast majority of traders ...


2

A bronze coin is not bullion. Copper could be bullion but it would have to be very large. In fact I only see the Philharmonic coins in gold, silver, and platinum. There are many collectible coins that are not precious metal.


1

First, you are confusing a few different types of coins. Vienna Philharmonic coins are bullion coins available in gold, platinum, or silver. The copper coins you linked to in the comments are collectible coins in copper. These are not Philharmonics. Both of these types of coins are produced by the Austrian mint and are legal tender in Austria, but not in ...


1

The futures market allows you to take delivery at the lowest cost. Most people don't deal in 100oz gold bars and 5000oz of 1000oz silver bars though, especially at the retail level. That said, when you are at the retail level, often times you will find reputable Internet dealers offering the lowest cost of ownership. Keep in mind brand name though when ...


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