Around one in six consumers invested in precious metals such as silver in 2020, with a further 23 percent stating that they were giving it serious consideration. With many countries in recession and the US economy still struggling, more and more people are looking for safer ways to protect their future. As a result, investing in a tangible asset such as valuable silver coins is an even smarter decision than before.
But which coins should you buy? Keep reading to find out more about investing in silver coins!
There are many ways to invest in silver. But American Silver Eagles are always a wise investment.
As well as being easy to recognize, American Silver Eagles are the only silver bullion coins that the US government regulates in terms of content and weight. This, plus their limited quantity means that older American Silver Eagle coins can fetch a premium in the marketplace.
Some investors only want to only buy silver coins from the US, since foreign coins can be less marketable depending on where they’re from.
That said, if you’re interested in expanding your collection, Mexican Silver Libertads are an attractive choice. Not least because the one-ounce coin contains .999 silver and is issued by the oldest coin mint in the Americas.
If you’re wondering, “should I buy silver coins or bars?”, it might help to know that silver coins are easier to liquidate, store, and transport than bars. And few silver coins are more recognizable than the Morgan Silver Dollar.
The US government minted these dollar coins between 1878 and 1904, and again in 1921. While they’re not the .999 silver many people prefer, their limited numbers and historical value makes Morgan Silver Dollars a must for your collection.
Like the American Silver Eagle, the Canadian Maple Leaf is a government-issued silver coin. This makes these coins trustworthy as well as visually appealing and easy to recognize. They’re also very pure silver, with .9999 fine silver content.
What’s more, the Maple Leaf’s numismatic value tends to increase at a faster rate than that of Silver Eagles. This is especially the case for years with low mintage numbers since collectors keen on investing in Silver Canadian Maple Leaf coins will be willing to pay a higher price to obtain them.
This well-known silver bullion coin – featuring Queen Elizabeth II on one side and Britannia, the female symbol of Great Britain on the other – has long been highly tradable. But since the death of Queen Elizabeth II, numismatists are eager to fill gaps in their collection and are sure to pay far more than the 2 GBP face value for this deeply historical one-ounce coin.
You should be aware, though, that the British Royal Mint issued the Silver Britannia with a purity of .0958 between 1997 and 2012, before switching to the standard .999 purity in 2013.
As this list shows, there are plenty of valuable silver coins to consider investing in.
Whether you go for US-issued coins such as the American Silver Eagle, foreign coins, or a combination of both, your collection is sure to shine!
For more information on how to invest in silver or gold, feel free to contact us here at Certified Mint today.