About Sunshine Minting Silver Rounds
Silver rounds are an investment option that not many investors are too keen on. If opting for silver, most of them prefer the bars to the rounds. But this is just a tradition that has been established over the years. Sunshine Minting is one of the more popular mints in the US and is situated in Idaho. Sunshine Minting is usually referred to as SMI and is the preferred mint for buying silver in the US.
About Sunshine Minting
As mentioned above, Sunshine Minting is based in Idaho and has a reputation of being one of the top mints in the country. One of the reasons why SMI is so famous is due to the fact that they have access to the highest quality silver in the United States, and maybe even North America as a whole. The mint also has long term and sizable contracts with leading silver planchets from the government of United States. Similar to the APMEX (American Precious Metals Exchange), SMI has the funding to level equal economies on silver round and silver bar production.
Another reason that SMI silver is relatively inexpensive is that they have large ties and funds with the government. This has allowed the company in a way such that the premiums on offer are slightly above spot and when they sell it to the general public, the prices are very reasonable and arguably one of the best in the industry.
Another aspect of SMI that most people are not aware of is the fact that the company is interested in producing badges, commemorative rounds and medallions in not only silver but also nickel and other attractive metals.
Sizes of Availability
One of the surprising facts about SMI is that they produce more variety of silver ingots than silver rounds. As of today, there are only two types of silver rounds that you can obtain from SMI. They are the half ounce rounds and one ounce rounds. On one face of the SMI round, you have the legend ‘Silver Eagle’ accompanied by the embossed image of a stern looking silver eagle in hunting mode. Its talons are outstretched and wings are flung back, the image depicting the eagle swooping down on its prey. Also, the sun is depicted in the background shining on the hunting eagle. The other face shows the size of the round – ‘one half’ or ‘one troy ounce’, the company name ‘Sunshine Minting’ and also the purity, ‘.999 Fine Silver’. The overall look of the round is that of quality and sophistication.
SMI silver rounds are available on all leading bullion sites. Since it is .999 pure, most dealers tend to have it in their collection as investors are looking for only the purest forms of silver. You can also buy Sunshine Minting Silver rounds from the JM Bullion website.
Advantages of Buying Silver Rounds
One of the biggest advantages of buying silver rounds is their ready availability. Since the rounds can be bought instantly, they are the obvious choice for instant and safe investment. Another advantage of silver rounds is their relatively low price. Since these rounds have a low premium compared to the government supported bullion coins, you can avail a lesser purchasing price.
Silver has always been one of the safer investment options as the variations in prices are not too steep. This also implies that the profit margins will be lesser, but for someone who cannot afford losses and can make do even with small profits, silver is the metal to invest on. Bartering silver is also a common practice amongst bullion investors and the size of SIM silver rounds make it convenient for bartering. If there is any rare high in the prices, you can instantly trade the rounds and make a substantial profit.