Investing in Silver Eagles

Making the decision to invest in silver is one of the best things you can do for your financial future. What should be your next step? Research, research, research.

It is important to know what you are buying, the benefits of those pieces, whether you should buy coins or bars, and how much you can expect to pay for specific pieces. One of the most popular pieces for investors is the Silver Eagle. These coins have numerous benefits for the investor, including being easily accessible and its ability to retain value. We have many more Precious Metals Investing Articles Now Available.

What You Should Know Before Buying Silver Eagles

Many people opt for the ease and security of silver coins, and the Silver Eagle is a common investment. These are issued by the US Mint, which means they should be fairly easy to find. They have 99.9 percent silver per ounce.

Make sure that is indeed what you are getting. Official Silver Eagles have a silver content of .999, but the US Mint also issues the same coins with lower values. If you are going to purchase a Silver Eagle, verify that it is an official version.

It is important to verify the authenticity of any coin you buy. Sources should have the proper paperwork verifying the coin’s silver content and issue date. This is important because you don’t want to find out later that your wise investment is actually worth far less than you thought.

Even though Silver Eagles have a face value of $1.00, they are considered to be “numismatic.” This means that their actual value is higher than spot or face value. Silver Eagles have premiums in excess of $4.00 per coin in 2009.

Be prepared to pay more than the face value, but check the current silver prices and delivery times to ensure you are paying a fair price. Backdated Silver Eagles have the same silver content but may be available at a lower price than the current Silver Eagles. This is worth checking into if you cannot find affordable Silver Eagles.

You may also check into Silver Eagles that are minted privately. These are stamped with the value and also have .999 percent silver per ounce. These are less expensive than US Minted Silver Eagles but will net the same type of profits for investors because the silver content and purity are the same.

If you ask for a silver dollar with a face value of $1.00, you may get something totally unexpected. If you want a Silver Eagle, ask for it specifically. Otherwise, you may end up with another silver dollar coin produced from 1878 to 1904 or 1921 to 1935.

These still have value, but they have a silver content of only .7734 per ounce. They may be worth investing in anyway, especially pre-1921 Morgan silver dollars. But they are not the same as Silver Eagles, so be aware of this when you purchase.

When you do make a purchase, protect it. Investing in silver is all about protecting your assets and savings, so offer some protection in return. Store your coins in a secure, air-tight, moisture-free container and handle them as little as possible to reduce the chance of scratches, imperfections, rusting, and wear. We have many more Precious Metals Investing Articles Now Available.