Types of U.S. Silver Coins
The Silver American Eagles are one of the most popular types of U.S. silver coins that investors can buy. Congress authorized the coins in 1985 and they were first minted in 1986. They contain .999 fine silver, and each coin boasts one troy ounce of pure silver. The high silver content and the beauty of the coin have made this a valuable investment coin.
Adolph Alexander Weinman designed the Silver American Eagle, which is based on the U.S. Walking Liberty half-dollar that was minted in 1916. On the back of the coin is a bald eagle and a shield. Thirteen stars are above the eagle’s head, and those stars represent the thirteen original colonies of the United States. The true value of these coins is more than the face value. While the face value on the silver coins might be a dollar, the cost of an ounce of silver is much more than that. In fact, silver prices continue to rise, which means the true value of the coins will rise.
You will find many other types of silver coins in which you can invest as well. Some of the most popular types of coins to collect are the American silver dollars, but there are other types of coins that you might want to collect too. You can find dimes and quarters that were made prior to 1965, and they contain 90% silver. You might find it difficult to find these coins still in circulation, but it is easy to buy them through companies that sell U.S. silver coins. You can buy them in bags that have $1000 face value, and the silver comes with 4,000 quarters or 10,000 dimes.
You might find that you have a predilection for even older coins. While they might be more difficult to find, and you might pay more for them, you can find a number of collectible U.S. silver coins from early in the nation’s history.
Buying US silver coins is a great way for anyone to begin diversifying their investment portfolio. The coins are affordable for most budgets, and the U.S. government backs the coins. You will also find that the coins are easy to sell when you want to liquidate. Many people are willing to buy the coins, from dealers online to local shops, and people you find in Internet forums and on message boards.