Definition: A round is a precious metal disk usually issued by a private entity and not intended to circulate as money, and which is stamped or struck with images or devices, and sold to collectors and investors as a collectible. Rounds look very similar to actual coins, and it is common to see the term coin used incorrectly where round is really the proper term.
See also: What is a Coin?
See also: What is a Coin?
Examples:
Two of the more well-known manufacturers of silver rounds are the Franklin Mint and Silver Towne.