Skip to navigation | Skip to content

Share your knowledge. Make a difference.

Why Should You Buy Silver Coins

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic (by 1 person)   Your rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

Ranked #14744 in How-To, #148967 overall

Rated G. (Control what you see)

Buying Silver Coins For Investment!

 

Silver has for more than 4,000 years been regarded as a form of money .The oldest mass form of coinage was the silver coin. The Greeks were one of the first amongst the first people to use silver coins. Today silver coins have an international appeal and can be traded anywhere in the world. Apart from the collector's of silver coins, silver bullion coins are being collected by investors to hedge against inflation or to store value.

Silver is minted in coins and bars they usually have a set weight of 1 troy ounce of silver (31.103 grams of 99.9% silver) In the United States Silver lost its role as legal tender when they introduced the silver standard and they continued to use it as a coin until in 1964 the intrinsic value of silver overtook the coins' face value.

The main silver One Ounce coins in circulation today are Canadian Silver Maple Leaf, American Silver Eagle, UK Silver Britannia, Somalian, Chinese Silver Panda, Mexican Silver Libertad, Australian Silver Kangaroo and the Kookaburra, Silver Monkey, Zambian Silver Elephant

Silver Coins have been around for 4,000 years 

the History of Silver coins

Silver coins are possibly the oldest mass form of coinage. Silver has been used as a coinage metal since the times of the Greeks. Their silver drachmas were popular trade coins.

Many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Silver coins coveted by collectors include the Denarius and Miliarense.

Other than collector's silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217.

Before 1797, British pennies used to be made out of silver while the ancient Persians used silver coins between 612-33...

Is Gold or Silver the better Investment? 

The Choice is all yours - Gold or Silver

Loading poll. Please Wait...

Chart 1985 to 2008 Silver Prices

Silver Bull Report 

Arian Silver's properties in Mexico

Arian Silver Mine Visit

powered by YouTube

The Morgan Silver Dollar 

A Collectors Coins

The Morgan Silver Dollars are collected for fun and for investment, they have a monetarily valuable and are steeped in history

:For the NASCAR Craftsman Truck Series team, see Morgan-Dollar Motorsports.

The Morgan Dollar is a silver United States dollar coin. The dollars were minted from 1878 to 1904 and again for one more year in 1921. The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty's neck on the obverse. The dollar was authorized by the Bland-Allison Act of 1878. It has a fineness of .900, giving a total silver content of 0.77344 troy ounces (24.057 grams) per coin.

Americans love to collect the big Morgan silver dollar! 

Read all about it!

A Guide Book Of Us Morgan Silver Dollars: A Complete History and Price Guide (Official Red Book) (Official Red Book)

Amazon Price: $12.21 (as of 12/04/2008)Buy Now

Americans love to collect the big Morgan silver dollar! No other coin conjures up so much of the romance and history of the United States. In this second edition of his bestselling book, noted numismatic historian Q. David Bowers offers an engaging portrait of the country's most popular classic coin. You'll learn what to look for when you buy, how to grade your coins, and tips to become a smart collector. A Guide Book of Morgan Silver Dollars, 2nd Edition also includes a thorough market analysis for each date and mintmark, plus a new section on never-circulated pattern coins.

Morgan Silver Dollar Auction 

Bag yourself a Bargain!

Loading Fetching new data from eBay now... please stand by
eBay

International Silver Coins

Claim a FREE gram of Gold now! 

Yes, Free Gold for the taking

Buy gold online - quickly, safely and at low prices

2001 American Buffalo Commemorative Silver Dollar 2-Coin Set 

Start collecting Silver Coins here and now at an Affordable Price

Could not locate item B001CRY67S. Please try again.Sorry, there are no results available from Amazon.

Silver Bullion Coin Auction 

Open 24 hour a day

Loading Fetching new data from eBay now... please stand by
eBay

Buying and Selling Silver coins 

The Silver Coin (Sonnet Books)

Amazon Price: (as of 12/04/2008) Buy Now
List Price: $6.50

American Eagle Silver Dollars 1986 - 2003 Proofs Included Coin Album

Amazon Price: (as of 12/04/2008) Buy Now
List Price:

What is Junk Silver  

The Story todate

Junk silver is an informal term used in the United States and Canada for any silver coin which is in only fair condition and has no collectible value above the bullion value of the silver it contains. Such coins are popular amongst those seeking to invest in silver, particularly in small amounts. The word "junk" refers only to the value of the coins as a numismatic collectible and not to the actual condition of the coins; junk silver is not necessarily scrap silver.

The most commonly collected U.S. junk silver pieces are Mercury and Roosevelt dimes, Washington quarters, and Franklin and Kennedy half dollars, minted in or before 1964. These coins have a 90% silver composition ("coin silver"), and when minted contained 0.7234 troy ounces of silver per dollar of face value. In practice, the content is usually assumed to be 0.715 ounces because of wear. Less common as junk silver are Kennedy half dollars from 1965 to 1970, which contained 40% silver. Peace Dollars may also be collected for their silver value, but are also less common.

Canadian dimes and quarters contained 80% silver (0.600 troy ounces per dollar of face value) until 1966. In 1967, they were minted in both 80% and 50% varieties. In 1968 they either contained 50% silver, or none at all (Cupro-Nickel). Dollars and half dollars were minted in 80% silver until 1967.

Junk silver coins may be a desirable method of investing in silver for several reasons:

;Low premiums: Junk silver can often be purchased for little or no premium over the spot price of silver, particularly during periods of economic stability.

;Legal tender: Junk U.S. and Canadian coins remain legal tender, and will always be worth at least their face value, regardless of the price of silver.

;Recognition: Though not as common as they once were, junk silver coins are still somewhat well-known, and may be less likely to have their value disputed than silver bars or rounds.

;Divisibility: Junk silver coins can be easily spent or traded in small amounts; as of March 2008, the silver in a U.S. silver dime was worth less than US$1.50. In contrast, silver bullion coins and bars are rarely smaller than one ounce, while gold and other precious metals are highly valued in even minuscule amounts.

For some of these reasons, junk silver is popular among survivalists. In the event of a crisis or catastrophe during which traditional currency collapses, it is speculated that silver coins could provide a viable alternative, temporarily or indefinitely, while fiat currency, which is not back by precious metals or other commodities, has no inherent value and can be subject to extreme inflation, even hyperinflation, similar to Weimar Germany and, more recently, Zimbabwe. Proponents of junk silver and other precious metals adhere to the principle that while fiat currencies have historically always been subject to hyperinflation, precious metals will always have inherent value and can act as a medium of financial exchange when fiat instruments of payment are obsolete.

Junk Silver Coins from Around the World 

Bag a Bargain!

Loading Fetching new data from eBay now... please stand by
eBay

Claim a FREE gram of Gold now! 

Yes, Free Gold for the taking

Buy gold online - quickly, safely and at low prices

The London Mint Office 

The place to buy your George and Nelson Coins

The London Mint, click here

Why not Visit - Yesterday's Gold is todays Currency!

Why not visit our How to buy Gold Coins website
Just Click Here to visit Yesterday's Gold is todays Currency!

Have you bought Silver recently? 

Leave us a comment about your thoughts!

jgary wrote...

I buy silver coins and encourage all to buy "junk silver coins". Although US Mint Eagles are nice and legal tender, most do not know what they are. A 1963 quarter has value to the buyer and seller regardless. I like your lens by the way!

ReplyPosted August 02, 2008

oaksy88 wrote...

Silver or gold I personally like gold - I just think I will have more silver coins for the same value of gold and gold is rarer. I feel richer with gold coins

ReplyPosted July 25, 2008

For the Latest ABC News - Money 

Loading Fetching RSS feed... please stand by

Websites I Recommend 

How to buy Gold Coins
One of the oldest forms of money was the gold coin, as far back as 560BC when the Lydian King Croesus. The Chinese then used them in the 5th or 6th Century BC. Gold coins were the main form of currency through to the early 20th Century. By 1933 most of the world had stopped making gold coins. Read More.....
X
Springbok

About Springbok

Silver and Gold Coins are for the Smart Investor. The next HOT metal investment to deal in is Silver coins and silver dollar coins. Silver and gold bullion coins are poised for an explosion in their value over the next few years.

Springbok's Pages

See all of Springbok's pages

X

Happy holidays!

The red bow is special. Whenever you see a red bow on a Squidoo page, it means the page is raising money for charity.

Buy something from the page, and we'll automatically make a donation to charity, thanks to you.