It has everything to do with the price, because thta is THE price of silver. Now, if you want to pay double because this or that mint has smacked one or another designs on it, I’d call that foolish, unless you are collecting for numismatic value based on rarity etc. BUt to pay double for a silver round smacked out by the govt instead of a private mint, is stupid. I have bought 100s of silver rounds, and I pay a % over the spot price, no more. In the end, that’s all these coins are worth: the spot price plus commission.No, your plain-jane rounds are worth a % over spot, no more, because that's what you and the seller agree to exchange for them.
THE price of a one-ounce Liberty Dollar round is $20, because that, or a discounted rate for bulk purchasers, is what the seller is offering to the public. THE price of a one-ounce US Mint silver dollar proof is $30, or some discounted rate for distributors, because that's what the sellers are offering to the public - if you're lucky - this guy is offering a 2006 silver eagle proof for $43.70.
Saying that the ounce price of a 500-ounce ingot in New York for immediate delivery is THE price of silver is like saying that the spot price of a bushel of wheat is THE price of whatever bread can be baked from it.
What is THE price of this ounce of silver?
People just need get a clue about the market in fungible commodities and get over their worship at the feet of the spot price.
Actually, the market sets the value. If I take a bar of gold to a car dealer and say “ I will trade this bar for that car”, and he takes the deal, I haven’t used legal tender to buy the car, and apparently, he felt the deal was good enough to sell me the car. I could trade him property, or a vintage Volkswagen. If I took a Ron Paul dollar into the Dollar Store, they don’t have to take it, but they could. I don’t see that this is all that bad.