Silver bullion coins are legal tender coins issued by a specific country or government. They have a specific currency value on the face of the coin, such as the American Silver Eagle which has a face value of 1 dollar, and the Canadian Silver Maple with a face value of 5 dollars. The coins are guaranteed in terms of purity and quality by their particular country of issue.
Silver bullion coins can be grouped into three categories:
- Coins that do not change in design from one year of release to the next (other than date). Examples include the American Eagle, Canadian Maple, Mexican Libertad, and British Britannia.
- Coins that change design each year. Examples include the Australian Kookaburra, Chinese Panda, and Somalian Elephant.
- Coins released as a series over several years. An example is the current Predator series from the Royal Canadian Mint.