I believe investing in Silver Dollar Coins is a great idea right now as there does not appear to be any decrease in site to the national deficit and so long as that continues to climb through crazy government spending, the dollar will continue to fall. The famous Ron Paul suggests up to a 2,000% increase in the value of silver and I think a great, low cost way to hedge your bets is by buying silver dollar coins.
The most popular silver dollar coin in the world is the American Silver Eagle. The Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. We have many more Precious Metals Investing Articles Now Available.
It is struck only in the 1 troy oz denomination which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by the United States Congress and its weight and content is certified by the United States Mint. I prefer to buy these certified and graded but you can also purchase them as bullion coins.
Buying them certified and graded gives them a premium value and there is a big trend in coin collectors buying modern day issue coins certified and graded. If you look at the home shopping network coin guru, Mike Mezack, they sell hundreds of thousands of dollars worth of collectible, graded and certified modern day issue coins every single week. I had the pleasure of meeting Mike recently and he is a wealth of information. He also believes in the current trend of buying siler dollar coins right now for investment and collecting asset purposes.
I hope as you watch the economy do what is is doing, you are somehow hedging your bets by buying precious metals. I think gold and silver dollar coins are a great investment right now, perhaps better than any time in our history and I hope this article has been helpful. We have many more Precious Metals Investing Articles Now Available.