: Issued by government mints (e.g., US Mint); they have a face value and legal tender status.

: Issued by private mints; they contain pure silver but have no face value and generally lower premiums than coins.

Buying silver coins is a popular strategy for diversifying a portfolio, acting as a hedge against inflation and economic instability. Unlike gold, silver is more affordable for the average individual, allowing for easier entry into the precious metals market.