Wednesday, 29 May 2013

Silver Bullion and Silver Coins

Many individuals collect silver bullion or silver coins. It is likely that you have a few around the house, whether or not you are an official collector. The silver market provides investors with a number of options. Pre-1965 U.S. 90% silver coins were used as common legal tender up until the mid-1960s. Today, these silver coins serve as both a medium for investment, but could alsol be used as "survival" coins if our existing monetary system ever fails as some people fear that it might at some point in the future.

Almost equal in popularity as are the pre-1965 U.S. 90% silver coins are the 1-oz. silver rounds. A close runner-up to the silver rounds would be the 100 ounce investment bars. Also popular among collectors are the one ounce American Silver Eagles and the Ten ounce silver bars.

Silver Eagles that are privately minted are a pretty inexpensive and rather convenient way to purchase and collect silver. They have a stamp of 999 fine on them- indicating their weight and their purity. This recognizable stamp makes them quite easy to sell or even exchange. The reason they are referred to as "privately-minted" is because they are indeed produced by a private mint. On the other hand, the American Silver Eagles, are forged by the U.S. Mint and are thus "legal tender," officially known as $1 coins.

The privately-minted Eagles are thusly named because their obverse side (or the front of the coin) portrays an eagle that is flying through the sun. Both the privately-minted Silver Eagles as well as the U.S. mint's legal coins contain exactly one ounce of 99% pure silver.

The U.S. Mint's Silver Eagles are considered substantially more valuable than the privately-minted ones. And in comparison, the Canadian Silver Maple Leafs are valued lower than the $1 American Silver Eagles but still higher than the ones that are privately minted.


Lori writes articles about silver coins and also about coffee table info [].
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1 comment:

  1. I read your whole post and wanted to say please share some images a long with this post.