In my opinion only I don't buy coins as the premium is too high over spot. Although coins do have a face value that is not why I purchase silver. The value of the metal is the same in a 1oz bar or round at @20$ as a 1oz eagle at @ 21.50. I am buying a metal why pay another 1.50$ over spot as you will sell based on melt or spot price? If you are going to buy and hold I would do bars and or rounds. Keep in mind the larger the purchase the lower the premium over spot price. The larger the bar or round the lower the premium is as well. For example if you buy 100 1oz bars it will cost you @2060.00 right now, a single 100oz bar will be @1970.00. The same is true when you sell, bigger the piece the closer to spot you will sell at. The only advantage to coins is they will usually sell without an assay being done.
This is all for investing in metals by weight, for collectability ie coins, someone else will have to jump in here.
This post was edited on 5/1 at 11:30 pm