Buy Gold and Silver How to Buy Gold How to Buy Silver Gold Commentary

Friday, January 20, 2006

Why Buy Silver Coins

Why buy silver coins indeed! Silver coins can be a very good investment and are not too expensive to buy unlike gold coins. Silver is currently in the 10 to 12 us dollar range per troy ounce so it is quite easy to purchase 10 ounce and even 100 ounce coins. Dealers will have a mark up of course and this as well as shipping should be taken into account. There is something to be said for the purchase of more valuable coins as the mark up and shipping is proportionately less of course.

Ideal silver coins to purchase include:

American Silver Eagle. Proof American Silver Eagles have been minted from 1986 through to the present day. They are 99.9 percent silver and with a weight of 1 troy ounce. All original proof American Silver Eagles are issued with paperwork to substantiate their authenticity.

Canadian Silver Maple Leaf. The Canadian Silver Maple Leaf is also sold as a 1 troy ounce coin with 99/9% silver. Uncirculated coins are easily available but, again, if you can find proof sets these are more valuable and retain their value better.

The British Silver Britannia is another 1 troy ounce silver coin 99.9 percent fine and very popular, due perhaps to having the queen stamped on the coin. As with the other coins various years are available and the value of the coins depend largely on:

The condition of the coin, especially if it is an uncirculated coin.
The age and rarity of the coin
The demand and sometimes the beauty can affect the value even.

All the above coins can be an excellent buy and investment for the future provided the three points above are considered.

Shop around and get some experience in understanding the various coins available. What ever coins you get it is an exciting and sometimes profitable hobby to buy silver coins.

0 Comments:

Post a Comment

<< Home