Investing in Silver Coins

Investing in Silver Coins

Savvy investors know that there has never been a better time to investing in silver coins . As far as commodities go, it shines as being both valuable for its own sake as a precious metal and as a useful industrial tool. Demand for electronics is skyrocketing in developing countries, and silver components are vital to meeting that demand. Whether you’re looking to diversify your portfolio, throw your hat into a robust emerging market, silver is a wise investment with minimal risk compared to more volatile commodity markets and can act as a reliable buffer against inflation, economic recession, and other fluctuating market forces. 

While this makes it an attractive investment, there are challenges to finding the right silver coins to invest in that must be considered. Thanks to its versatile nature and high demand in emerging markets, navigating the silver market can be a hassle. Getting started is always the hardest part of any investment, and this is no different – especially since there are so many potential markets to consider! Generally, silver investment comes in two varieties: bullion and coinage. While bullions can typically be purchased at lower prices than coins, their value is tied more closely to the value of silver on the market, making them a little riskier as an initial investment or Investing in Silver Coins. 

Coins, meanwhile, are far more stable and versatile. Coins differ from bullions in that they have the full backing of the country that issued them, which guarantees a set silver content. The fact that they can be used as legal tender certainly doesn’t hurt, either! Compared to bullions, coins are the far more robust of the two options and make for a safer investment, especially if you’re just getting into the investing game. 

The American Silver Eagle- Investing in Silver Coins

silver coins

Where, then, should someone start if they want to invest in silver coins? A popular choice is the American Silver Eagle. Minted in the United States (and therefore having the full faith and backing of the United States Government), this beautiful coin is guaranteed to contain 1 oz of .999 fine silver. Their striking design features the iconic Walking Liberty, a dramatic and instantly recognizable design that lets them stand out among other coins and makes them a must-have addition to any portfolio. The American Silver Eagle is an excellent, iconic starting point for coin investment, especially as a hedge against potential collapse of fiat currency, no portfolio is complete without them.

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The Canadian Maple Leaf- Investing in Silver Coins

silver coins

There are, however, finer coins one can invest in. The Canadian Maple Leaf is another popular choice for investors, and is of a higher quality than their American counterparts. While they are also made with 1 troy oz, they are a whopping .9999 purity as opposed to the American Eagle’s .999 purity. While the difference may seem miniscule in the grand scheme of things, the devil is indeed in the details when it comes to precious metals, especially for investors, and the extra purity is more than enough to elevate this coin above American coins. Given that the purity of silver is a major determining factor on your portfolio (https://tickertape.tdameritrade.com/investing/silver-investing-strategies-15563), the higher purity of the Canadian Maple Leaf makes it a welcome addition to your collection.

It’s no surprise, then, that the Canadian Maple Leaf is also popular for another feature: the pattern! Each coin’s face features radial line patterns that catch the light in unique ways. While this began as a security measure implemented alongside technology to reduce garish white spots, the design has made it popular for aesthetic value as well. Combined with the iconic Canadian maple leaf on its face, this coin’s visual presentation is second to none. Its purity and unparalleled visual appeal make the Canadian Maple Leaf one of the most sought-after coins for investor and collector alike! 

Chinese Silver Panda

While the main appeal of coin investment is the hedge protection against economic uncertainty, there’s something to be said for style. For this, the Canadian Maple Leaf is rivaled only by the variety of the Chinese Silver Panda. While not as pure – matching the American Eagle at 1 oz .999 purity – the Chinese Silver Panda boasts a unique feature that makes it not only a stable investment, but a fun one! The face of the coin features the Beijing Temple of Heaven, specifically the Hall of Prayer for Good Harvest, but the real treat is on the reverse. Each year since its initial minting in 1983 the reverse face has featured a different giant panda design, making each year’s coinage stand out. The variety in this coin alone makes it a fantastic choice for investment! You can learn more about Chinese Panda designs through the years here

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Junk Dimes and Morgan Dollars

coin

Finally, you may not have to look very far to find a worthwhile coin to invest in. It’s a little known fact to the general populace, but a well known fact to seasoned investors, that the simple American dime might have potential future value far beyond the ten cent face value.  Dimes minted between 1837 and 1964 consist of 10% copper and 90% silver and contain roughly .0715 troy oz of the precious metal. While not as valuable as the other coins on this list (you can purchase them in bulk for relatively low prices), these “junk dimes” are so easily available that you may even have a few lying around the house! 

For the more serious investor, look no further than the junk dime’s big brother: The Morgan Silver Dollar. Similar to junk dimes, the Morgan Dollar is composed of 10% copper and 90% silver, and are more valued as collector pieces. Their larger size also means they contain a larger quantity of silver than the average junk dime. Morgan Dollars have more variance in value than junk dimes due to the fluctuations in minted quantities, with some years being far pricier than others due to their rarity. 

Morgan Dollars have seen a resurgence in recent years. While their initial minting period was between 1878 and 1904, and then again in 1921, the United States initiated a new mint cycle in 2021. The modern mints were popular, selling out from the United States Mint 45 minutes after their official release! Wise investors should be prepared; while there will be no new Morgan Dollars minted in 2022 due to supply chain issues and rising precious metal costs, they are planned to return in 2023. 

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