Buying Silver Coins
There are many good options when buying silver coins. Some of the most popular ways to buy silver bullion are:
Junk Silver Coins
Junk silver coins are one of the best and cheapest ways to own silver.
Junk silver coins are US dimes, quarters and half dollars that are minted during or before 1964.
They are 90% silver. However, the actual weight of silver is .715 ounces per dollars worth of coins.
This is because a dollars worth of coins comes up to less than a troy ounce.
Junk silver coins are usually cheaper than buying silver coins such as US silver eagles, Canadian Maple Leafs, Silver Vienna Philharmonics or other types of silver bullion.
American Silver Eagles
The American Eagles are one of the best ways to own silver. There is a premium on these coins that is slightly higher than other types of silver coins. The slight premium is worthwhile since the American Silver Eagle is one of the most respected ways of owning silver.
A word of caution: If you purchase current year silver eagles you will probably pay a higher premium. Next year that premium will go away and you will have lost a little of your investment. Thus, 1 year or older silver eagles provide the most bang for the buck.
Canadian Maple Leafs
1 oz Canadian Mapleleafs are another excellent way to own silver. The premium is reasonable and the coins are well known and popular.
Silver Vienna Philharmonics
As with the American Silver Eagles and the Canadian Maple Leafs, the 1 oz Silver Vienna Philharmonics are another great way to own silver.
The premium is reasonable and the coins are well known and popular.
More Silver Choices
Here are more good options to buying silver bullion although they aren’t standard silver coins. They are:
• Silver bullion bars. They come in 10 ounce, 100 ounce and 1000 ounce bars (99.9% pure silver).
• Silver Bullion Rounds (99.9% pure silver).
For Information Only:
All precious metals are measured in troy ounces. A troy ounce is a weight measurement in the metric measurement system. A troy ounce equals 1.097 ounces in the English measurement system.
If you are just getting started in buying silver coins than it makes sense to stick with the tried and true. The safest method is to purchase the silver bullion coins noted above.
Once you become knowledgeable on the different types of silver bullion you can pick and choose the type and denominations of silver to meet your needs.
For another excellent option to purchase precious metals see:
Buying Gold Coins.
Return from Buying Silver Coins to Buy and Sell Gold and Silver