The US Mint first released the American Silver Eagles back in November, 1986. Initial inventories sold out because of the unforeseen high demand. Along with American Golden Eagle Coins, American Silver Eagles were offered as an extremely viable alternative investment to the existing gold and silver bullion coins being produced by other countries. It is important to note that American Silver Eagles are the official silver bullion coin of the United States and every coin is guaranteed to have one troy ounce of 99.99% pure silver. The coins have a face value of $1 although their intrinsic worth is much more.
Investing in silver can pose some interesting questions especially as gold is ideal in unstable financial conditions for hedging against inflation. But consider diversification. Not only is it important for your portfolio to be exposed to gold but other precious metals too. Silver is a great alternative and for the beginning investor often a more economical investment.
In history silver was commonly used as money, both as a backing to paper money in addition to minted coins. Silver has always had a lower monetary value than gold and was commonly used in smaller transactions. Silver's versatility also shone through as being a functional metal for industry so historically silver has had an unique dual role.
Today in order to improve your profit and a measure of diversification consider both paper investments of silver as well as actual physical ownership. For a solid, long-term buy and sell stratagem owning physical silver works well. If you need more risk and potentially more reward then consider paper mining stocks.
By far the simplest way to invest in silver is through American Silver Eagles. As previously mentioned the coins are produced by the US Mint and easily available through dealers and coin shops. One of the major benefits of buying silver bullion is that the price you pay covers the silver content. American Silver Eagles can be bought for the present spot price of silver plus a premium of 5 to twelve percent to cover marketing and production costs. As always shop around as dealers might have higher premiums.
A major advantage of American Silver Eagles is that the market for buying and selling them is very liquid so your transactions will be easy and convenient. Remember always to check what premium your dealer is making as frequently these can run as high as $2 over the metal content.
Nearly 135 million American Silver Eagles have been sold since 1986 by far and away making them the world's best-selling silver coins. Investing in these beautiful coins is an amazing way to diversify your portfolio and protect you wealth over the long term.
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