Coins & Paper Money -> Bullion -> Silver
People buy silver bullion coins for a few different reasons. Some buy them because of the precious metal content as an investment and buffer against inflation. Some people buy them because they fear that one day our popular currency will become worthless, and they want to be prepared with the only kind of money that would likely be worth anything in that case. They know they could use gold and silver coins to barter for goods and services if paper money were repudiated. And some buy bullion coins because they’re coin collectors and they want to add these brilliant pieces to their collections.
If you want to buy silver bullion coins for investment purposes, then your true investment in the silver lies in not how many coins you buy necessarily, but how many ounces of silver you end up owning because of those coins. In this case, it doesn’t matter if the coins can be used as currency, so foreign coins which contain high amounts of silver are as good an investment as United States coins, or vice versa, depending on where you live. The age of the coins is irrelevant, too.
Silver bullion coins minted since 1965 contain stamps showing the purity of the silver within them and the silver coins pre-dating this do not, but that makes them no less valuable as an investment. Many people think the only silver bullion coins used in the US are dollars like the 1 ounce American Eagle, which is a popular collector’s coin. But before 1965, several types of coins contained 90% silver, like dimes, quarters and half-dollars. These and coins like the American Silver Eagle, which contains 1 ounce of pure silver, are a good investment and in a worst-case scenario where the value of paper money dropped substantially, these coins could be used as money.
Survivalists who invest in silver bullion coins typically purchas as many coins dating since 1965 as possible. They believe that it’s likely that one day our money system will collapse and the only real currency that one could survive on would be silver and gold bullion. Since the silver content is stamped on each coin produced since 1965 showing that it’s an ounce of pure silver, they believe that it will be easier to get people to accept those coins as payment in the event of a financial collapse. For these purposes, they’ll typically buy $1000 face value bags, or bags in smaller increments, rather than individual coins.
For collectors, the earlier coins are often considered junk coins, because they have little numismatic worth. Silver bullion coins for collectors are typically silver proofs or coins in Brilliant Uncirculated condition, only if they really want the coin and can’t acquire a mirror-like proof. If you’re looking on eBay for collector coins, a popular place to find them, you’ll need to do some research on the individual silver coins so you can tell the difference between BU and proofs, as often they look similar.
Originally posted 2008-10-27 14:00:50. Republished by Blog Post Promoter
Related Posts -
Gold Eagle Coins Coins & Paper Money -> Gold -> American Eagle Gold Eagle coins are American currency, first released in 1986, that contains the stated amount of actual gold weight claimed in troy ounces, with a silver and copper alloy added to make the coins less soft and more wear resistant. The...... - Federal Reserve Notes Coins and Paper Money -> Paper Money: US -> Large Size Notes -> Federal Reserve Notes One of the most interesting collectibles in the field of coins and paper money are federal reserve notes. However, there is quite a bit of confusion out there about what these notes really are.......
-
Starting a Gold Coin Collection There are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can...... -
Silver Eagles Money -> Silver -> American-Eagle American Silver Eagles have been minted in the United States since 1986. These are the official silver bullion coins of the United States, guaranteed to contain one troy ounce of silver that’s 99.9% pure. A troy ounce is actually slightly heaver than a typical ounce...... - Palladium Coins Coins and Paper Money -> Bullion -> Platinum and Palladium Palladium coins are extremely rare and they are one of the most valuable types of money that you can collect. If you have never heard of palladium before, or if you are curious as to what these coins are, there......
Related Websites -
The Sun Sets On Dollar Supremacy According to a quote in the Telegraph, HSBC has issued a new report stating that the Federal Reserve's ultra-loose monetary policy is forcing China and other emerging countries to create a new global currency "order". According to David Bloom, HSBC's currency chief, the dollar looks like the sterling did after...... - Save Money on Cars [Each Monday for the next couple months, I'm going through many of the ways to save money. Read the whole Save Money series. Last week we looked at how to save money on movies, music, television, and books.] This Monday, I'm focusing on covering some ways to save money on......
-
Introduction To Peer-To-Peer Lending: Signing Up To Use Lending Club If you're thinking of signing up for a Lending Club account, please check out the referral code and affiliate link at the bottom to get a $25 cash bonus if you sign up using our referral code! Peer to peer lending has been a hot topic on personal finance blogs...... -
10 Things To Know Before You Buy Commercial Real Estate Contemplating the purchase of your first (or next!) piece of commercial real estate is exciting. Many investors start their real estate portfolios by owning single family homes - assets that are generally more time-intensive to care for, and which offer less cash flow as a general rule. The switch...... - The Single Best Investment By Lowell Miller If you have ever wanted to get into investing, but you weren’t sure where to start, there are thousands of books out there that will get you started. But they are not all created equal. From sky high hope crushers to real world advice, you’ll have plenty of topics to......
There are a number of different ways that you can 
