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The American silver eagles are the official bullion silver coins of the US.
The first release was in 1986 by the United States Mint, with it being struck in the one troy ounce size.
This coin has a face value (nominal) of 1 dollar and has a guaranteed content of one troy ounce of silver that is 99.9% pure.
The silver eagle design is among the most beautiful in the US coins, having been taken from the Walking Liberty Half Dollar. A beautiful heraldic eagle is on the reverse side of the coin.
Purchasing the Silver Eagles
These silver eagle bullions are not directly sold to the public but are distributed via a network of bullion purchasers who are authorized by the United States Mint.
The dealers buy the coins in large quantities which they then sell to the general public, as well as to other coin dealers and bullion dealers.
They also must, by requirement, keep open, a two way market, allowing the public to both buy from and sell to them for liquidity to be ensured and sustained.
You can acquire the silver eagles in a number of ways.
For instance, a bulk purchase can be done through buying the “monster boxes”.
These are green boxes that hold 25 rolls of Silver eagles, with each roll containing 20 coins.
Due to the large coin number purchased this way, one enjoys lower premiums per coin.
The other purchasing option is buying individual 20 coin rolls. Each of these rolls contains the United States Treasury Seal on the distinctive green top.
You can also purchase individual coins, which is the most expensive option in terms of the premiums charged.
Silver Eagle Coins Collection
Besides the bullion investors, the silver eagles have also elicited interest for the coin collectors.
They are perceived as the modern equivalent of the silver dollars because they are also struck in silver while at the same time carrying the one dollar face value.
Dedicated coin collectors obtain and add to their collection a coin to represent each date as each release comes out.
Other collectors put together high grade sets of the PCGS and NGC silver eagles which command higher premiums above the bullion values.
There are also some different versions that are specific to the coin collectors which the United States Mint produces, for instance the proof silver eagles, which are struck with special dyes that bring out sharp features, frosted design elements and mirror like backgrounds.
There are also other versions that have been offered to match with the 10th, 20th and the 25th silver eagle bullion anniversaries.
Bullion Coins Rising Demand – An investment opportunity
Due to the recent increased demand for the American silver eagle bullion, which resulted from the economic uncertainties that arose around the second half of the year 2008, the United States Mint has experienced a lot of difficulties trying to meet this sudden rise in demand for these bullion coins.
Savvy investors have moved swiftly to invest in the physical precious metals, including the silver eagles to shield themselves from these economic uncertainties.
The demand has been so high such that in just a couple of years, the Mint has had to suspend silver eagle sales for a number of occasions, with an imposition of a rationing program quickly following.
This has meant that the available supplies are only distributed amongst the authorized purchasers only.
However, despite all the suspensions, the demand has continued to rise, with new sales records being broken over and over, year after the other.
The effect of this high demand among the investors has also spilled over to the collectors, who have seen cancellations of some of the most popular collectible versions like the proof, as well as the uncirculated versions.
For instance, in 2009, a cancellation occurred for the proof version, with the incoming supplies of silver blanks being diverted to the production of bullion coins.
This has only been reversed recently, with new collector coins production resuming and availability resulting.
Affordable Investments and Beautiful Collectibles
The bottom line is that the American Eagle Silver bullion coins are beautiful collectibles, memorable rewards/incentives, thoughtful gifts and affordable investments.
Above all, they are the only legal tender with a United States Government guarantee on purity and weight, on top of being the only allowed silver coins in an IRA.
These coins are easy to sell or buy at most precious metal, coin and brokerage companies, there being many authorized dealers available. The most trusted company we work with is Regal Assets. They have an A+ rating from the Better Business Bureau and highly recommended.
The Silver Eagles speak credibility, affordability and beauty, making them the world’s best selling silver coins.
If you want to buy junk silver as an investment option, it is always wise to first understand the value of the different varieties available.
The term “junk silver” may imply lack of value but this is not so.
This is a term that was coined by coin collectors to define silver coins that have no collector’s value, but is valuable as an investment in the eyes of the investor.
These junk silver coins include old US silver containing coins that were minted before the year 1964.
People with both large and small budgets can use these as a way of investment in silver.
Some of these coins include mercury dimes, Kennedy half dollars, silver dollars, and barber quarters among others.
The buying process of these junk silver coins also applies to buying anything else that is made up of silver.
How To Buy Junk Silver Coins
The first step is identifying which silver coin you want to buy from the large variety of junk silver coins.
The best ones that you may want to give priority to include the Mercury dimes, Morgan silver, Roosevelt dimes, or the Kennedy 1964 half dollars.
Secondly, you will need to make a calculation of the current or the prevailing silver value for the junk silver coins that you have opted to buy.
This calculation can be done by simply taking the prevailing silver price and then multiplying it by 0.07234 for the Mercury dimes or 0.36169 for the Kennedy half dollars.
The result is the spot value of the coin. These fractions are arrived at by taking in to consideration the amount of silver content found in each respective coin.
Good to note is that most dealers charge a premium above the coin’s spot value, usually quoting the price in as face value (for instance the Kennedy half dollar may be quoted as having 11.5 face value)
Next, make a thorough online search for the best junk silver coin values being floated on auctions.
In such auctions, you will come across many dealers who may be selling the coins in small quantities, while at the same time offering free shipping.
Make sure to calculate the spot value of the coins on auction and then place a bid that is slightly above this spot value, while making sure to do this for many different lots.
This increases your chances of winning a number of bids.
Finally, also make sure to locally search for these coins, be it in antique shops, pawn shops, flea markets, jewelry stores or even hobby shops.
Doing so may yield results that offer very competitive prices.
The best part about local searches is that you also get to inspect the coins before you even buy them on top of having the chance to negotiate one on one with the seller.
Some of these offline coin collectors and dealers also have vast experience with these coins and can very much educate you if you approach them
Places To Find Junk Silver
Now that you know how to buy junk silver coins, where do you find and buy them?
A good source to buy junk silver from is Regal Assets. Through their website, you can find a wide variety of junk silver, as well as the amounts of it that you require.
Regal Assets is a reputable source and you can comfortably place your order for junk silver when you’re ready to take the next step.
There is a huge selection of different silver minted coins being circulated on the market; among all of the different designs and variations, the Morgan dollar is a United States silver minted coin that was produced from 1878 to 1921.
Since it is one of the silver minted coins that were produced before 1945, it is one of the silver minted coins that have 90% silver content in them, and 10% copper content making them a valuable asset to have around.
Those who are interested in investing in the Morgan dollar will find that there is a plentiful amount of supply on the market.
Depending on the type of style that one is looking for, and the value of the coin that is being sought after, there are plenty reasons to look for
Morgan dollars that are being sold.
The Morgan dollar was named after its designer, the United States Mint Assistant Engraver, named George T. Morgan.
The design of the Morgan dollar portrays a portrait representing Liberty on one side, and an eagle with wings outstretched on the other side.
It is a 26.73 gram coin that is approximately 38 mm in diameter.
Depending on the location that it was produced in, there are different initials engraved on the coins that are able to provide buyers with some background information regarding the history of the coin.
The different engravings will include CC for Carson City, S for San Francisco, O for New Orleans, and D for Denver. Morgan dollars with no engravings on them will normally indicate that the coins were from Philadelphia.
As the history of each coin can be easily traced back in accordance with the date and the engravings found on them, the different years will make a difference to the rarity of the coin and its overall value.
There are many coin collectors that are interested in finding and collecting Morgan dollars that are on the market.
Those who are interested in investing in a Morgan dollar will want to learn about the overall history that the coin and the price of silver had on the nation at that time.
It led to a crisis economically, and many coins were uncirculated while others were quickly melted.
Since there are many different types of coins that are on the market, coin collectors will want to ensure that they are able to find coins of specific years and with specific engravings in order to have the most valuable coin in accordance to supply and demand and rarity.
Generally speaking, the Morgan dollars that have been known to be rarest will include 1889-CC, 1892-CC, 1893, 1893-S, 1894 and 1895-O.
Investors who invest in the coins above will find that they will be able to fetch the most profit on those coins overtime.
In addition, a Morgan dollar of that value will be able to provide most investors with the type of financial security that they are looking for as there are
many offers on the market for those who have these coins at hand. Most sellers are generally not willing to part with these coins as they steadily climb in value.
Investors who are not familiar with the market should highly consider only purchasing coins that were minted in Carson City as they will generally fetch a higher price on the market.
It is also important to have each Morgan dollar authenticated by a grader in order to protect oneself from rip-offs and scams.
Some of these coins have had an annual increase in value since 1950 of 10.81% while others have had a smaller climb in percentage of only around 8.35%. Still, a Morgan dollar is considered to be a great investment for those who are interested in diversifying their financial portfolio allowing it to be more versatile on the market.
As of 2011, different variations of a Morgan dollar will be able to fetch different prices on the market.
Some of the rare coins are going for over a thousand dollars on the market while others are merely reaching a couple hundred dollars.
There is a huge diversity in the coins that are available and the type of coins that are marketable and value. It is important to do research regarding each individual coin before investing.
The Morgan dollar has an interesting history to it that has allowed it to be one of the most frequently transacted silver dollar on the market.
There does lay some confusion in the value of the dollars as different years and different minting cities will result in different prices.
Introduced as a replacement and successor to the popular Morgan dollar series in 1921, the Peace Dollar was created to commemorate peace restoration after the World War 1.
On one side of these coins is a rendering of Lady Liberty and on the reverse side is a bald eagle resting on top of a mountain
in front of sun rays.
This coin is a popular collectors’ coin, with an equally matching significance in the US history.
Being the last dollar coin that was ever minted for circulation, the peace dollar is a gem coin, with a silver content of 90%. It is this that makes it a cherished coin, on top of being the last genuine silver coin in America.
A little in to the history of this coin shows that it was produced from 1921 up to 1928 and then again from 1934 to 1935. This was done from three different mint facilities in the US located in Denver, Philadelphia and San Francisco.
One can find the mintmarks on these coins on the reverse side of the coin below the word “ONE”.
An attraction to these coins for most people is the misspelling of the word “TRUST”, which is spelt as “TRVST”. This, however, is a focal point for the coin collectors.
This coin weighs 29.73 grams, with a brilliant uncirculated condition. The diameter is 38.1 millimeters, with a silver weight of 0.77344 ounces net.
It also combines 90% silver with 10% copper. With this combination of features, a rich history, and the beauty it exhibits, this coin will remain a sort after gem for many collectors for years to come.
These coins also have a monetary value attached to them, which rises as the days go by. As at the time of writing this article, the melt price of a silver peace dollar was at a rounded figure of $25.2819.
It’s easy to calculate the melt value of these silver coins. Below is a summarized outline.
Using the latest prices of metals, to get the melt value of this 90% silver and 10% copper coin, you need to get the individual weights and prices of the two metals involved per coin, and then add the two.
For instance, as of the time of writing this article, the silver price per ounce was at $32.66, while that of copper per pound is at $3.5618.
The total weight of a coin is 26.73 grams. The conversion rate for ounce per gram is 0.0321507466 and that of pound per gram is 0.00220462262.
With these values, we are able to convert the pounds and ounces to grams by simply multiplying by the respective conversion rate value.
For the copper value, this forms 10% of the coin weight, so we multiply 3.5618 by 0.00220462262 by 26.73 by 10% to get $0.0209891. Similarly so, for silver, which forms 90% of the coin’s weight, we multiply 32.66 by 0.0321507466 by 26.73 by 90% to get $25.2608930448.
These two figures are the values of copper and silver respectively in the 1921 to 1935 silver peace dollar as of today. Adding the two values together and rounding off, we get $25.2819 as the total value of each of these coins today.
This is a clear indication that one can use these coins as an investment, just like with gold investments.
It’s good to note that the value that people are willing to pay for the different coins varies greatly. This primarily depends on the year it was minted, and where it was minted at, with a coin marked “D” being from Denver, that with an “S” being from San Francisco, and one with no mark being from Philadelphia.
For instance, a coin made in 1921, from the total of 1, 006, 473 made that year, would sell today for between $75 and $4,000.
You only need to know where to sell it, and the people who are willing to pay much more for it. A simple research online can help.
The San Francisco ones seems to fetch much more compared from the others minted in Denver and Philadelphia, with a 1927 one going for up to a
Whether it was a good, or a bad idea to stop the production of these coins, to the wise investor of today, this is an investment opportunity to soar on.
Combining a little research with some gut feeling and passion, the peace dollar might be your life changing opportunity if you harness it.
Investors and coin collectors interested in gold coins should pay particular attention to the Krugerrand, which is a South African gold coin that was first minted in 1967 with the objective of marketing South African gold.
The name Krugerrand is derived from the word Kruger who is the man that is symbolized on the gold coin, and the word rand which is the South African unit for currency.
With that being said, the Kurgerrand was one of the most popular gold coins to have ever been made, and it soon accounted for over 90% of the gold coins on the gold market with over 46 million ounces of Krugerrad gold coins sold.
This gold coin is considered to be one of the most popular choices among the gold coin collectors of today, and they are highly sought after in the market.
While there are many different Krugerrand gold coins that are made with the symbol of Paul Krugerrand on them, the South African mint company has also capitalized on the gold coin market by creating limited edition Krugerrand gold coins as well. These coins tend to be a bit higher in value in comparison to the original ones, and are priced above the bullion value.
Non-proof gold coins also exist, and are also placed above the bullion value on the market. Some of the more enthusiastic collectors will generally consider attaining more of the specialized limited edition coins for collecting purposes; however, those who are interested in investing in gold will generally want to defer to investing in the original gold coins that are available.
Those who are looking for Krugerrand gold coins will find that they are approximately 32.6 mm in diameter, and also 2.74 mm thick.
They weight approximately 1 oz (1.0909 oz), and is made from 91.67% pure gold. The gold coin contains one troy ounce of gold with the remainder of the weight replaced with copper. Interestingly, the copper mixed in with the gold gives the gold coin an orange tint rather than a white tint found in most of the other gold coins that have silver filler. The benefit of using copper in this case is that copper is considered to be more durable in comparison to silver, and the Krugerrand gold coin is more prone to resisting scratches and dents allowing it to last longer looking as if it was in mint condition.
This allows them to be easily sold and bought in many countries, and it is much easier to maintain in comparison to the other gold coins on the market.
The value of the average Krugerrand gold coin at the moment is around 1802.47 USD per ounce when being bought in stores. The average price that collectors are able to sell the gold coin is at around 1705.47 USD per ounce. It is a fairly good investment for many different reasons, and the buyback price is not that much lower than the purchasing price when premiums are put into consideration.
The Krugerrand is considered to be one of the most durable investments on the market, and those interested in these gold coins will easily be able to find what they are looking for.
They are amazing in the sense that they have great value to them, and are one of the easiest gold coins to maintain without the fear of denting or scratching it.
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