Silver is a wonderful store of value and with the dollar on the decline now, many investors are now converting their cash into precious metals by choosing to buy silver in some form. Even if you are a small investor with very limited funds to invest, it is possible for you to buy silver coins to increase your exposure to this precious metal.
Today, there are a number of reputed dealers who enable purchases over the internet. If you have decided to invest in silver, buying silver coins online from a well established dealer like JM Bullion is one of the most convenient options for you. If you are still not convinced that silver coins are the perfect way for you to invest in precious metals here are a few reasons for you to consider.
Popular Silver Bullion Coins
- American Eagle
- America The Beautiful
- Canadian Maple Leaf
- Australian Kookaburra
- Austrian Philharmonic
- Chinese Panda
- Silver Britannia
One of the most attractive aspects about silver coins is that you have a good variety to choose from. This makes it possible for you to pick out the coin that you find most aesthetically pleasing which is significant if you intend to pass on your silver investments to your heirs. If you are looking to buy silver bullion coins that have a guaranteed purity, then the American Eagle coins are your best choice. These are the most commonly purchased silver coins and over 39 millions of these were sold in 2010.
Since the purity, content and weight of these coins is guaranteed by the U.S. Government, you can rest assured that your investment is high grade when you choose to buy silver coins in this form. However, there are counterfeits circulating in the market and it is critical that you only choose reputed and trustworthy dealers like JM Bullion when buying silver coins online.
90% silver bags are a great option for investors who want to keep their outlay as close to the silver spot price as possible. Unlike American Eagles that sell at a premium, you can purchase the most metal for your money when you choose 90% silver bags. These bags contain pre – 1964 quarters and dimes forged with silver. Each bag has a face value of $1000 which is the actual total currency value of the coins contained within. 90% silver bags contain 715 ounces of silver. Owing to the lack of premium on these coins, you are at an advantage when you buy silver coins in 90% silver bags.
Silver Coins with Numismatic Value
Silver coins also have numismatic value which enhances their appeal over and above the actual value of precious metal stored in them. Buying silver coins online that have both intrinsic value and numismatic value makes good investment sense because these coins are likely to appreciate far more than the metal itself. You will find that such silver coins enjoy a twin market – among investors and collectors, which makes it easier for you to sell them at attractive prices when the need arises.
If you would like to buy silver coins (online) with numismatic value, then the Morgan Silver Dollar is a good choice. Designed by George T. Morgan, these coins were first struck in 1878 with silver mined from the Comstock Lode. Each of these coins has 0.77344 ounces of silver. An interesting point to note with Morgan silver is that before these were manufactured, the U.S. Mint had not minted any other coins with this denomination for commercial transactions since 1873. Although the Trade Dollar was being minted during this period, it was mainly used for circulation outside domestic markets. The Peace Silver dollar also has good numismatic value. This coin was first struck to commemorate the US-Germany peace treaty signing when the WWI ended.
One interesting fact to note about this coin is that it was not backed by a Congressional Act. Walking Liberty Half Dollars are also valued for their depiction of Miss Liberty cloaked in Old Glory. These were the last regular issue coins to feature this design. Other than these, proof American Eagles are also good collectors’ items if you want to buy silver coins that have more than just intrinsic value.
Ideal Investment for Small and Big Investors
Silver coins are the easiest way for you to invest in precious metals. Even if you are a small investor with very limited funds you can find silver coins that are well within your reach. This affordability also works in your favor when you want to sell your silver coins. You can sell coins in small lots just to cover your immediate financial need at any time. Since there are always new investors interested in buying up silver coins, you are sure to find a ready market when you choose to put up your coins for sale.
The fact that silver coins are easy to store and maintain in pristine condition for years only makes them even more attractive as investments. Buy silver coins online from a well known dealer like JM Bullion to ensure that you purchase only the best grade silver in the easiest and most convenient manner possible.