HomeBusinessFinanceThe best Silver bullion...

The best Silver bullion coins to buy and sell

Buying silver coins can be a great way to invest. Compared to other precious metals, silver has a low entry point. It only costs less than $20 to buy an ounce of silver. This is a vast difference compared to gold. You should consider buying silver bullion coins, it is a good alternative to gold, and still, like gold, it has intrinsic value. The trouble with silver coins is that there are so many silver coins that you can buy.

The history of silver is long and storied. The use of silver coins goes back to ancient Greeks who used silver to trade. However, in order to understand the significance or value of silver coins you need to delineate between silver coins meant for circulation in ancient times and modern silver coins. It is also important to understand the difference between silver collectible coins and silver bullion coins. The best coins to buy when you are starting out are silver bullion coins. These are easy to value and easier to sell silver bullion coins than other kinds of coins.

Silver bullion coins carry official markings of weight and purity with a value that is guaranteed by the government. Each coin contains 99.9% pure silver. These coins are minted by the government, so they are always worth something. Silver bullion coins command a higher premium over spot price. There are silver coins that are valued for their rarity or noteworthiness.

The most common way of measuring the weight of a silver coin is a troy ounce. A troy ounce of silver weighs 31.103 grams, which is slightly more than a standard ounce which is equal to 28grams. There are smaller weights. The largest silver coin minted came from the Perth Mint, a 22-pound coin with a value of $300.

When buying silver bullion coins you have to consider which coins will get you the most money when you want to liquidate your investment:

  1. The United States– 1 oz. Silver Eagle Coin

This coin was first struck by the US Mint in 1986. These coins sell for millions in America and in other countries.

  1. The Austrian – 1 oz. Silver Philharmonic Coin

This silver bullion coin featuring Thomas Pesendorfer’s Philharmonic design was first struck in 2008. It is considered to be a classic in the coin.  In 2011, almost 18 million of these coins were sold.

  1. The Canadian Mint – 1 oz. Silver Maple Leaf Coin

The Canadian Silver Maple Leaf Coin has a very appealing look and it has become one of the most sought-after coins in the world. These coins are more popular because of the fineness of the silver used to make these coins. Most mints produce silver bullion coins with a fineness of 0.999 but the Maple Leaf has a fineness of 0.9999.

  1. The Perth Mints – 1 oz. Silver Kangaroo

The Silver Kangaroo bullion coin has been part of the Australian Mint since its creation in 1993. The coins are recognized globally which means you can sell them anywhere in the world.

  1. Mexican Mints – 1 oz. Silver Libertad

Mexico is a major silver-producing country in the world. The government exports some of its silver and makes Silver Libertad coins which are popular the world over.

It is much easier to sell silver bullion coins than it is to sell collectible coins. For these, the coins need to be rare, in demand, and have an interesting history like the ancient Antiochus VII from the Seleucid empire which can cost about USD $450, or the Egyptian King Ptolemy VI coins which date back 150BC. These are so small and so rare, they cost a lot.

Top Stories

More from Author

How Do WANs Operate?

  WAN, or wide area network, is a type of network that...

The Benefits Of Hosting Your Own Website

Before the rise of the modern internet, one of the few...

10 autumn present ideas for people who have everything

We all have that one friend who nobody knows what to...

The best Silver bullion coins to buy and sell

Buying silver coins can be a great way to invest. Compared...

Trending Topics

How Do WANs Operate?

  WAN, or wide area network, is a type of network that connects LANs or other types of networks. It allows users of one location to communicate with computers in other locations. Fortinet also says WANs allow localized networks to connect over long distances because they are not...

The Benefits Of Hosting Your Own Website

Before the rise of the modern internet, one of the few ways of discovering a new business would be to go out to the local mall or shopping center and browse around to see what was available. By the time the late 1990s came around, this began...

10 autumn present ideas for people who have everything

We all have that one friend who nobody knows what to get, simply because he has it all and he always insists that he doesn’t need anything. This can be frustrating at times, especially around the holiday season, when you want to make a thoughtful present but...

The best Silver bullion coins to buy and sell

Buying silver coins can be a great way to invest. Compared to other precious metals, silver has a low entry point. It only costs less than $20 to buy an ounce of silver. This is a vast difference compared to gold. You should consider buying silver bullion...

Building Survey: A Full Inspection

A building survey is basically an investigation and inspection of a property and services of a building in enough detail so as to allow a qualified surveyor to tell what effect the state of that building will have on a potential customer/holder. In the United Kingdom, building...

Summer Fashion Trends For Men

Summer is here and it’s time to get out and about and enjoy the sunshine. There’s no better way to do that than in the latest styles and fashions that are hitting the runways and the shopping malls. This season it’s all about selecting key items and...

6 classic hat styles that everyone should be familiar with

Fedora Fedoras have an interesting story: back in the 19th century, they were commonly worn by women activists in the fight for gender equality, thus the hat becoming a symbol of that time. They were remodeled as a man's accessory almost a century later, after being popularized by...

6 Kitchen Countertop Color Styles to Consider

Nowadays, there are various materials available in the market for preparing the best kitchen countertops. Every single material will have its pros and cons. Rather than discussing the same, in this article, you will get an idea about the top six color styles which are going to...

5 Benefits of Getting Custom Kitchen Cabinets

If you are looking forward to building your kitchen cabinet, you can go for custom kitchen cabinet options. These days, so many people are opting for these kinds of kitchen cabinets for their unique features, benefits, and designs. Such kitchen cabinets are really supposed to be designed...

Four ways to grow your online business

Any business that wants to survive needs an online presence, whether it’s social media or a fully operational website where customers can place orders and make payments. Even businesses with a very small marketing budget, or no marketing budget at all, can still grow their business and...

Choose Cheap Web Hosting That Meets Your Needs!!

With the start of the new blog, the hiring of web hosting services is essential. The services will depend on the budget and desire to spend money on the online website growth, and the starting of the new venture is possible to get the desired results. You...

How To Ensure Privacy With Window Films?

Window film is a great option for tenants, renovators, owners, etc. They are very easy to install because of the options of modern styles and also cheap cost. This substance offers privacy which no other substance can at this cost. One has the liberty to color, personalize,...