Archive for October, 2013

The Value Of American Silver Eagles Explained

Tuesday, October 29th, 2013

1985 is the year in which American Silver Eagles were initially authorized by Congress. They were originally minted in 1986.  This is thought to be one of the highest quality silver currencies that has been minted in the US.

According to experts silver coins are certainly worth investing in.  US Silver Eagles have a one dollar face value in US currency.  For this reason, they are a cost-effective way for novice investors to get started in investing in precious metals.

Given the fact that the US government backs this currency it is quite sound as an investment.  This currency can be purchased by investors in proof, bullion and uncirculated versions.  Typically, only coin collectors will purchase versions that are uncirculated.  It is important to note that no mint marks are found on the buillion version.

People should take the time to consult with an investment adviser when before opting to invest in precious metals.  A financial consultant can explains the positive and negative aspects of investing in gold and silver with new investors.  At this time, investors can chose whether or not they will purchase paper or physical silver.

It is more difficult to buy physical silver than it is to make a paper investment.  This is due to the fact that investors will need to hunt down coins that are genuine.  Researching online sellers is the best way to accomplish this.  Once a seller has been found by investors, they will need to ensure his or her reputability.  Reading online ratings and reviews that have been posted by former buyers is how this is accomplished.  Learning the spot price of silver is another worthwhile activity for those who will be investing.  People who know this information are far less likely to overpay for the coins that they purchase.