Rounds - Definition please

Just been looking at ‘Rounds’ under Exonumia, a type of bullion coin/token that appears to be minted from precious metal (mostly in the USA).  They appear to be from unofficial mints, or have been adapted in some way by another mint (see N# 132193, a silver Britannia coin that has been partially plated with gold), often using official mint designs that have been enlarged/reduced or adapted in some way or some sort of satirical design.

Can someone please give me a full definition of a ‘Round’, as this appears to be just another type of precious metal token?  Please tell me what the basic difference is between the two coins/tokens/rounds below?  Is this just some sort of new name for a precious metal/bullion coin, commemorative medal or fantasy token thought up by someone?

N# 120808

N# 362119

LDC63

  Please tell me what the basic difference is between the two coins/tokens/rounds below?  

 

 

 

Obviously silver content and message.  One is high in silver content with no meaningful message, the other is low in silver content with a meaningful message.  

A round typically is defined by a coin like object having 1.0 troy ounces of pure silver (or other precious metal).

The first one is a Historical  Satirical Propaganda medal.

the second is simply a Bullion round for silver investors.

I would prefer the first one 😇

Not sure that people have understood the point here.

I cannot understand why we need yet another term for items that are already described adequately as fantasy items, commemorative medal, bullion, or souvenir medals - what is the meaning of ‘Rounds’?  Are they simply coin shaped bullion (if it is, there are plenty of examples mislabeled under the categories I've listed)?  Are they only a term used in the USA, and if so, why are items from other countries now being added under this term?

Can we please have a concise definition.  Ignore the examples I've given and have a look at the various items under each category and tell me honestly, what is the difference ?

Yes to me its simply a round piece of Bullion.

Not sure why we list the rectangular and round pieces seperatly

If you're asking what the definition of Bullion> Round for the Numista catalog is then it's exactly what it says, bullion pieces that have a round shape.  Nothing more is necessarily implied.

Bullion as a Numista type is not currently allowed, only Bullion>Round or Bullion>Bar.