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The Difference Between Tokens, Coins and Rounds

November 19, 2019
Tokens Coins Rounds


Did you know there's a difference between tokens, coins and rounds? Surprisingly, there is, and it's not just semantics. While all 3 are round, 2 sided and made from metal, that's where the similarity stops. Learn more about the differences between tokens, coins, and round below.

Tokens are generally for use in coin-operated mechanisms and vend a service or item.  An example would be using quarters at a car wash or starting a video game at an arcade. Tokens are considered a replacement for quarters.

Coins (not to be confused with legal tender) are circular pieces of metal that have a high perceived value and are used as a medium of expression. The image struck on the coin can be a message, logo, portrait or building. 

"Rounds" is a numismatic term for coins that are miniature works of art, but have no monetary value other than the value of metal with which they're made. They may have a limited mintage, ensuring that once a certain amount is complete, no more will be made, thus increasing the potential long-term value.

Fine silver rounds can feature works from artists like top rated fantasy artist Amy Brown or be "replicas" of iconic American coinage. They're available in 1 ounce and 5 ounces of .999 fine silver. 

Copper rounds, with a lower price point, can feature just about anything from an Easter bunny to an image of the American flag being raised on Iwo Jima. They're available in 1 ounce of .999 fine copper. 

TokensDirect's parent company, Osborne Coinage, is a full service mint - we make tokens for coin operated businesses, coins for safety programs and commemoratives and we also create fine silver and copper collectibles.  

Our collectible silver rounds are sold through top precious metal distributors like JM BullionApmexKitco, and Littleton Coin.

Copper rounds are sold through these distributors and US Coppers.

New press releases highlighting token uses are added all the time. Please continue to check back for the latest white papers. If you'd like to speak with a sales specialist, call