Coin Collecting

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.

Photo Credits: hardwarehank

Originally posted 2008-10-27 14:00:50. Republished by Blog Post Promoter

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If you are serious about collecting coins, then one of the things that you should be putting consideration into when collecting is coin collecting values. The thing about coin collecting values is that they let you know what price a particular coin is going for. In other words, if you are collecting coins as an investment or just for fun, the purpose of coin collecting values is to let you know what a certain coin is going for based on supply and demand. The one thing that you need to know about coin collecting values, however, is that it is never going to be an exact science. Coins are graded for different reasons and different purposes, but it does allow people to assess coins to see what they may be worth. Just keep in mind that you might get different answers from different people depending on who you turn to for grading your coin collecting values.

Placing coin collecting values on your coins is a skill that you are going to want to learn if you really want to be successful in the coin collecting hobby. If you want to make a career out of coin collecting, then you are going to have to be willing to learn how to place values on coins accordingly. You may not need to have this kind of experience in coin collecting values if you are only a hobbyist coin collector, but the more that you know about coin collecting values, the better you will fare in this hobby or industry. If you really are serious about coin collecting, then knowing how to assign coin collecting values is an absolute must. One of the ways that you can get the ball rolling when it comes to coin collecting values is to buy a book on the subject. Keep in mind however, that these books change every year or so, and you need to stay up to date in order to have the best and most accurate coin collecting values assigned to your collected coins.

If you end up coming upon a coin that piques your interest on the spur of the moment, you are not going to want to have to second guess your ability to assign coin collecting values. You do not want to purchase the coin an end up unhappy with it later, nor are you going to want to pass it up only to find out that it would have been a valuable addiction to your collection. Keeping a coin grader or coin trader on retainer is not the most cost effective option, making it ideal to simply learn the art of coin collecting values so that you can value your own coins.

The more you learn about coin collecting values, the better your collection will grow to be. Staying informed about coin collecting values will help make sure your coin collection grows in the right direction.

Photo Credits: mharrsch

Originally posted 2009-06-16 03:13:43. Republished by Blog Post Promoter

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