Silver Coins

Silver Coins

A silver coin is considered to be the most dynamic silver form because its both an investment type and a collectible. The value of silver coins is usually higher than silver rounds because of their scarcity and constantly increasing demand. Since silver coins can't be replicated, they are highly desired on the secondary markets, often a lot more than any other type of silver bullion. Silver bars and rounds are usually produced by private mints and companies while silver coins are minted in limited quantities only by specific government mints. Additionally, silver coins are a collectors' favorite due to their silver content. Moreover, silver coins with .999 purity are considered to be a great alternative for 90% and 40% junk silver coins and are often chosen by more experienced investors.

Why you should consider buying silver coins

There are plenty of reasons why one would invest in silver coins. Silver coins are considered the most popular silver collectibles and investment options because of their small sizes and relatively low premiums. They can be easily bought or sold, stored and counted because of their standardized size options.

This specific characteristic of silver is extremely valuable. Because of its intensive use in coinage and other industries, silver's scarcity has significantly increased over the last 20 years. This surge in the demand for silver has resulted in limited supplies, turning silver coins into an excellent opportunity for investing in precious metals.

Also, many collectors choose silver coins over silver rounds because of their exclusivity and coinage significance. More than that, silver coins are a perfect gift option for special occasions like birthdays, weddings or graduations. Their unique designs, fine silver purity, and historical background are very appreciated by numismatists, who are passionate about collecting silver coins of various sizes and origins.

Silver coin types

There are hundreds of silver coin types all over the world, that have been minted for centuries by different mints. Many of the available silver coins were produced in the United States, Great Britain, Canada, Australia, China, Mexico and Africa, having varying weight options between 1/25 oz and 1 kg. However, the most popular of silver coins are the one troy ounce coins.

A silver coin can instantly lose its condition status once it becomes beat up. This is why most silver coins are sold in brilliant uncirculated condition. Coins in brilliant uncirculated condition have not been used in everyday dealings as actual currencies. Another exclusive silver coin option is the proof coin. Proof coins are typically created for collectors and are not intended for regular use. These coins are high-quality coins that have been struck multiple times from highly polished planchets creating a brilliant finish with an extraordinarily detailed depiction. Proof coins are highly distinguishable because of their mirror-like background and frosted foreground.

Usually, the same silver coin designs are produced in gold form, too. Along with fine silver coins, 90% and 40% silver coins are also very popular among investors and collectors. These are junk silver coins, minted prior to 1975, having 90% silver content, and those between 1965 and 1970, with 40% silver content. On the other hand, pure silver coins are often more popular due to their unique designs and high silver purity. Among the most famous fine silver coins are the American Silver Eagle and Canadian Silver Maple Leaf.

American Silver Eagle

The American Silver Eagle is the most well-known silver coin in the United States and also worldwide. Each coin is composed of exactly 1 troy ounce of .999 pure silver. Its design is an exquisite one. The obverse side of each coin features Adolph A. Weinman's iconic Walking Liberty design which was initially used on US half-dollar coins produced between 1916 and 1947. On the reverse of the coin is depicted the heraldic eagle sketched by John Mercanti. The American Silver Eagle was first minted in 1986 being the purest silver coin minted in the United States.

Canadian Silver Maple Leaf

The Canadian Silver Maple Leaf is one of the purest coins among the available foreign silver coins. Each coin contains exactly 1 troy ounce of .9999 pure silver and has been issued a face value of five Canadian dollars. This silver coin was first minted in 1988 and since then has been continuously produced by the Royal Canadian Mint. Its obverse features a depiction of Queen Elizabeth II and the Canadian national symbol, the maple leaf, on the reverse side.

How much do silver coins cost?

Silver prices are driven by the current spot price, with additional fees that typically account for overhead, profit, and shipping costs from the mint to the dealer. Most silver coins cost a couple of dollars up to twenty dollars over silver spot price per ounce. If a silver coin price is quite high, most probably this coin was produced in limited editions and is highly demanded in the precious metal market. Also, silver coins of the brilliant uncirculated condition are usually more expensive than most of the available silver coins. The most expensive silver coins online are the silver proof ones. These coins have been minted as early coinage samples of a particular coin issue and their initial purpose was for checking the dies. But today many proof silver coins are produced especially for coin collectors. Most proof silver coins are sold with premiums of more than $50 and even several hundreds of dollars over the silver spot price. Their prices derive from the fact that these silver coins are very rare and highly demanded.

Bullion Exchanges offers you the most affordable and unique silver coins available on the bullion market. If you have any questions on our silver coins call us today at 800.852.6884, send us a message at [email protected], or connect with us via our live webchat.