In my book Buy Gold and Silver Safely, I go into detail about the advantages and disadvantages of owning various gold and silver bullion coins and bars. Mint sales figures show they have already sold over 39 million one-ounce Silver American Eagle coins in 2010, surpassing 2009 sales by over 11 million and 2008 sales by 20 million. Many people want to buy the one-ounce American Eagle Silver bullion coins, but for the life of me I can’t figure out why they want to pay such a high premium for owning them. Silver coins, as will be explained later in the article, can provide the means of profit as well as be used for barter should the economy slip to those depths in the future.ģ9 Million Silver Eagle Coins Bought in 2010 It’s important to understand the advantages and disadvantages of each type of metal you purchase before making the decision to buy.Īdd to this the fact that the price of silver has risen remarkably in the past few years and investors are wondering the best way to take advantage of this price movement.įor this analysis, I have left out any comparisons to silver bars, as I believe investors should own silver coins as a basis for their portfolio. Read MoreĪll orders from Monument Metals are guaranteed as described, shipped discretely, and fully insured.Financial advisors always compare the advantages of one stock, ETF or mutual fund over another and write articles explaining their position. These bags are an affordable and popular way to own low premium silver.Īll orders from Monument Metals are guaranteed as described, shipped discretely, and fully insured. There is approximately 715 troy ounces of pure silver in each bag. These coins are packaged in bags of $1000 (by total face value). Additionally, they are a special part of American numismatic history, as some of these beautiful coin designs have not been seen in everyday life for over a half century. Should silver ever be used as a means of barter or become part of everyday commerce once again, these quarters will be common and widely-accepted. These 90% silver coins are a convenient way to own silver. If you put away $1000 in cash in 1965, you’d still have $1000 but a bag of silver coins is now worth many, many times that! These coins are sometimes referred to as “junk silver” because they are in circulated condition, but make no mistake: they are a wise investment, indeed. However, circulated 90% silver coins are still traded as an investment product around the world. Today, most coins are made from a copper-nickel alloy and contain no silver. In 1965, faced with a dearth of circulating coinage, the Mint eliminated silver from most American coins. When silver prices rose due to inflation in the 1960s, the melt value of these coins began to exceed their face value, and wise collectors hoarded them. For most of American history, these coins were commonly encountered in everyday commerce. The United States Mint produced 90% silver coinage from the 1790s to the 1960s. Since their value is based primarily on silver content rather than collectible value, “junk silver” coins are one of the lowest-premium US Mint products available. 90% silver quarters are a commonly traded and widely recognized investment product.Packaged in canvas bags of $1000 face value per bag (715 oz pure silver content per bag).These coins are comprised of 90% silver, 10% copper each dollar of face value contains about 0.715 troy ounces of silver.Silver was removed from most US coinage in 1965.The coins you receive may all be of one type or a mix of different coins. You may receive our choice of dimes, quarters, or half dollars, or some combination thereof. Legal tender coinage produced by the US Mint 1892-1964.They are still prized by both collectors and investors. These coins were common in pocket change until the 1960s, when wise collectors picked them out of circulation and the US Mint eliminated silver from American coinage. About $1000 Bags of 90% Silver US CoinageĮven though modern circulating coins are no longer made of silver, you can still purchase these 90% silver coins.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |