Archive for the ‘Bullion Coins’ Category

The Many Benefits Of Junk Silver

Sunday, April 8th, 2012

Some investors do not realize the advantages and benefits of junk silver. When it comes to acquiring silver, junk silver is one of the most convenient types of actual physical silver that you can acquire. It offers many benefits for the investor that are not typically available when investing in tradition silver.

Today, junk silver has been preserved in the form of silver coins. There was a time, prior to using paper, that coins were produced and were the dominant material used in producing currency. In this way,the 90% silver coins can be viewed as simply old currency. Their value today is based on the higher market prices of silver and the intrinsic value which is captured.

Among the primary benefits of purchasing junk silver is that it is was produced as legal tender. This means that the silver has a guaranteed value that can be used in transactions. For example a silver quarter dollar will always be worth at least a quarter dollar, no matter what happens to the market price of silver.

A major benefit with purchasing silver coins is its divisibility. This means that it is easy to divide it into smaller units. The large bags typically purchased can be opened up and measured out by individual coins or units of face value. Investors are not forced to purchase a brick of silver that is more than they intended, the investor can purchase smaller increments that better suits their needs.

The many benefits of junk silver have made it one of the most convenient and easy ways to invest. In addition to it being convenient to purchase, it also offers advantages that other types cannot offer.

Silver Bullion Coins Make a Great Investment

Thursday, March 8th, 2012

Silver bullion coins offer an investment opportunity. In the United States, the Mint offers the American Eagle coin. The American Eagle Bullion contains a minimum of one troy ounce of 99.9% pure silver. The cost of an American Eagle runs at the rate of an ounce of silver plus a bit for minting and carrying costs. The Mint has produced the Eagle since 1986. Bullion coins are the only coins offered by the US Mint with a guarantee of material content and purity attached. In comparison, coins made for circulation have a monetary value not based on the material of the coin.

The design for the US silver bullion coins comes from the original design of the Walking Liberty Half Dollar designed by Adolph A. Weinman. This design shows a stylized Lady Liberty walking towards the rising sun carrying an olive branch. The original design came out in 1917 with the first Walking Liberty issue. In the silver coin of modern times, the reverse shows a bald eagle behind a shield with outstretched wings. The right foot holds an olive branch while the left holds arrows. There are thirteen stars above the eagle’s head for each of the thirteen original colonies. The reverse design was the work of John Mercanti, the current and 12th Chief Engraver of the US Mint.

The American Eagle silver bullion coins are legal tender in the United States. They have a face value of $1. However, the value of their silver content is much greater. It is extremely rare that someone uses it for its $1 value. The Mint offers bullion, proof, and uncirculated sets. The bullion sets have no mintmarks on them. Until 1998, they came from the San Francisco Mint. Production moved to Philadelphia and West Point for 2000-2001. After 2001, they come exclusively from West Point.

Other countries also produce silver bullion coins. The UK offers the Britannia at different weights ranging from 1/10th to one full troy ounce. Australia offers two silver coins with weights ranging from one to 10 troy ounces. Canada offers the Maple Leaf in a one troy ounce version. China offers silver coins called the Silver Panda in various weights. Russia brings the George the Victorious forward in 1.01 troy ounces. Mexico also has a silver bullion coin called the Libertad with weights going from 1/20th to five troy ounces. If you want to invest in silver, these coins make great choices.