What You Need to Know About Silver Eagles
If you have decided to invest in silver, no doubt you have been researching the best ways to go about it.
Silver Eagle coins, one of the most popular with investors and collectors, offer an easy way to enter the market and build a secure financial base.
It is important to buy now, but take the time to ensure you are making a wise, safe investment.
Here are some tips to help you: Always make sure you are buying what you think you are.
Sounds simple enough, but it can be hard to tell the difference between different coins and issue dates.
For instance, the official Silver Eagle has a silver content of.
999 and a face value of $1.
00.
The US Mint also issues Eagle coins with lower silver values.
If you want an official Silver Eagle, make sure that is what you are getting.
It is helpful to be as specific as you can in order to ensure you get what you expect.
Another example of this is referring to the Silver Eagle by that name and not calling it a silver dollar.
If you do, you may well get a silver half dollar minted either from 1878 to 1904 or 1921 to 1935.
Always call coins by their specific names and make sure to check their dates.
This leads us to reliability.
How do you know that you are really getting what you think you are? Whenever you purchase Silver Eagles, ask your source for the proper documentation to verify its authenticity.
Because of the silver shortage, they sell for more than their face value of $1.
00.
It is helpful to know what silver is currently selling for, as well as if there are any current scarcities.
The 2009 premium for Silver Eagles is more than $4.
00 per coin, much more than the face value.
If this is too much, you can try to find Silver Eagle coins from previous years or privately minted silver pieces.
These should contain the same amount of silver but sell for less.
The most important tip: start now.
Silver prices are still fairly low, but prices will soon increase as supply ceases to meet demand.
High prices are great for investors, but not for people who waited to long.
Once you've bought your silver, make sure to protect your investment.
To do this, secure them in air-tight, moisture-free packaging.
Keep them free from scratches, wear, and rust, all of which depreciate their value.
Silver Eagle coins, one of the most popular with investors and collectors, offer an easy way to enter the market and build a secure financial base.
It is important to buy now, but take the time to ensure you are making a wise, safe investment.
Here are some tips to help you: Always make sure you are buying what you think you are.
Sounds simple enough, but it can be hard to tell the difference between different coins and issue dates.
For instance, the official Silver Eagle has a silver content of.
999 and a face value of $1.
00.
The US Mint also issues Eagle coins with lower silver values.
If you want an official Silver Eagle, make sure that is what you are getting.
It is helpful to be as specific as you can in order to ensure you get what you expect.
Another example of this is referring to the Silver Eagle by that name and not calling it a silver dollar.
If you do, you may well get a silver half dollar minted either from 1878 to 1904 or 1921 to 1935.
Always call coins by their specific names and make sure to check their dates.
This leads us to reliability.
How do you know that you are really getting what you think you are? Whenever you purchase Silver Eagles, ask your source for the proper documentation to verify its authenticity.
Because of the silver shortage, they sell for more than their face value of $1.
00.
It is helpful to know what silver is currently selling for, as well as if there are any current scarcities.
The 2009 premium for Silver Eagles is more than $4.
00 per coin, much more than the face value.
If this is too much, you can try to find Silver Eagle coins from previous years or privately minted silver pieces.
These should contain the same amount of silver but sell for less.
The most important tip: start now.
Silver prices are still fairly low, but prices will soon increase as supply ceases to meet demand.
High prices are great for investors, but not for people who waited to long.
Once you've bought your silver, make sure to protect your investment.
To do this, secure them in air-tight, moisture-free packaging.
Keep them free from scratches, wear, and rust, all of which depreciate their value.
Source...