Silver Rounds and Their Benefits: why a steem silver ROUND is still on the cards....

A silver round is a piece of silver that is privately minted, typically taking on a round, coin-like shape. Unlike government-issued coins, silver rounds do not have legal tender status, as they are not produced by government mints. The advantages of owning silver rounds are numerous and include the following key points:

Benefits of Owning Silver Rounds

Silver rounds present an excellent alternative to bullion coins for both investors and collectors. One primary advantage is that they often carry lower premiums compared to government-issued silver bullion. Additionally, the vast array of private mints offering unique designs makes silver rounds highly attractive to collectors.

Differences Between Silver Coins and Silver Rounds

While both silver coins and silver rounds are produced through similar processes, the cost associated with minting government-issued bullion coins is typically higher due to labor and other factors. Private mints, on the other hand, compete in the market, which helps keep the cost of silver rounds lower.

The production of both starts with molten silver being poured into an ingot, which is then rolled into a thin strip and pressed into shape. Despite being privately minted, silver rounds can be just as popular and valuable as silver coins. They are round, usually stamped on both sides with intricate designs, and marked with their metal content and purity, though they lack a currency denomination.

When it comes to adding silver to your collection, personal preference plays a significant role. Silver rounds offer a unique alternative to coins, with both their advantages and disadvantages, so it’s essential to do thorough research before making a purchase.

This was my submission for the 2019 #steemsilverround that didnt got chosen. I still feel like this would have been a fantastic addition to the steem silver round series. Maybe, with the backing of @steemit and others, we may still see this design on a silver round???

The Steem Silver Round: Spreading Awareness of the Steem Blockchain

Silver rounds can also serve a unique purpose beyond their intrinsic value, such as promoting the #steem blockchain and the #steemit platform. The "Steem Silver Round" is an excellent example of this. Plans are underway to mint a new #SteemSilverRound in 2024 or 2025, similar to those produced in 2017, 2018, and 2019. However, realiding this vision requires the support of the vibrant Steem community, possible support from the @steemcurator01 and @steemcurator02 team and the wider communities on this platform. The question remaims, can a silver round bring a whole platform together to achieve a greater goal??

The Steem Silver Round not only allows individuals to invest in silver but also helps spread exposure to the Steem blockchain and the Steemit platform. By backing this initiative, the community can help ensure the continuation of this tradition and further promote the innovative Steem ecosystem.