Yes, that is a fact. Only government issued metal discs denominated in the native currency of that government should be called coins. Metal disks not issued by a government are called rounds.Rounds and bars are also called “generic(s).
As to which flavor one should accumulate should you wish to gather up silver, I think silver bugs should buy 5 or 10 or a dozen or 20 silver eagles because they are beautiful coins and everyone should have some. As to whether you should buy only Eagles, That is not what I have done.
The reason being, they are simply a lot more expensive. For most people, once they get the novelty of buying silvbro out of their system, most people gravitate to generics, whether one ounce Or 10 oz Bars.
The reason I like this approach is, in the scenario you bring up, suppose you. Want? To buy a car, and the seller wants 400 oz of silver. Would you rather pay him in generics, or in the more expensive silver eagles? That is an obvious question. From that viewpoint, having generics actually protects the value of your silver eagle.
Right now, the premiums on silver are very high, indicating a lot of newbies are getting into this market.
If such a world ever came into being, and you revealed that you possessed 400 ounces of silver, you and your family would be dead before the sun went down.
any suggestions for buying any type of coin that would have numismatic value for grandchildren?...something I could get them now that would go up in value for them?