Tag Archives: silver bullion

How to Collect Silver Bars and Bullion

Silver-Ounce

 

I want to talk about how you can collect silver. Like any precious metal, silver can be used for investment purposes. For thousands of years, silver has been highly valued and even used as money. Today, it’s no longer accepted as legal tender in many counties. However, the demand for silver is still very high.

Silver is on the rise

With all the unstable federal governments and economies, silver is certainly on the rise. As the dollar becomes less and less stable, silver becomes more valuable to investors. Today, silver is a better buy than gold. It’s also undervalued relative to gold. Those who feel gold is too expensive are looking to purchase silver. All of these reasons combined are pushing the price of silver higher. For those of you looking for stability and security, collecting silver is definitely the way to go.

One Troy Ounce

Silver is sold by the troy ounce. One troy ounce weighs 31.1 grams, which is more than the 28.35 grams you would call an ounce of milk. Therefore, one troy ounce is approximately 10 percent more than a regular ounce. When buying silver, it’s very important to know about the troy ounce, as dealers will refer to silver prices by troy ounce.

Numismatic vs. Bullion

When purchasing silver, you have the option to choose between numismatic or bullion. Generally speaking, numismatic coins are for experienced collectors. Their value is determined by things such as the date they was issued, rarity, condition, even the mint where they were produced. Bullion, on the other hand, is valued by its silver content. There are two main types of bullion: coins and bars.

Choosing Between Coins and Bars

Not all silver bullion is created equally. You should know the differences between silver coins and bars in order to make educated purchases. Many people prefer to buy coins because they offer greater flexibility when it comes time to sell. For instance, if you buy a 100-ounce silver bar you will have to sell the entire 100-ounces at one time. But, if you buy 100-ounces of silver coins or rounds, you could sell any number of rounds at anytime.

Silver Bars Are Cost Effective

While coins provide you with greater flexibility, silver bars are generally more cost effective. Because they are not minted, they are often much cheaper than coins. They come in sizes such as one, ten and 100-ounce bars. They also sell at spot, which means they do not include premiums that coins such as Silver Eagles can have. If you are a beginner or if you are just trying to protect your wealth and buying power of your money, then I suggest you invest in silver bars.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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Why You Should Invest in Silver

silver_barsIn my opinion, now is the time to invest in silver! It may not be as rare as gold, but it does have many industrial uses in addition to its monetary properties. Due to increased supply and demand, silver is currently trading for approximately $23 per troy ounce. While the price of silver is significantly lower than that of gold, this precious metal is becoming a valuable commodity in today’s market. As a result, investors can receive higher payouts when the market is up.

Easily accessible

It’s fairly easy to purchase silver. Many dealers sell silver coins. For example, the Great American Coin Company is proud to offer lots of silver quarters and dimes. Keep in mind, all quarters and dimes produced before 1964 were made of 90 percent silver. Additionally, some dealers offer silver bars and rounds. These pieces can range from one ounce to ten or 100 ounces of .999 fine silver.

Industrial demand

Silver isn’t just a valuable commodity that people save for its monetary value; it’s malleable, ductile, strong, and can endure high temperatures. For these reasons, silver is used in a variety of industrial and medical applications. According to prominent analysts, this increased demand can prevent silver from falling below production costs, making it a good investment.

Lower price

Silver is a much lower price than its gold cousin. One reason silver is cheaper than gold is because of the rarity of the metal itself. Gold is simply more rare than silver. As a result, this imbalance in supply and demand between the two metals makes up most of the difference in their prices. However, if you’re looking for a safe, conservative investment, silver is a better option. Also, there is speculation that the U.S. Mint may raise their silver prices. Now is the time to buy!

People buy silver for different reasons. Some want to protect themselves for unavoidable inflation, while others do it in order to meet their collection needs. Either way, there will always be a huge demand for silver, and that’s why its value keeps increasing.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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The Official Silver Bullion Coin of the U.S.

American_Silver_EagleThe United States Mint first released the American Silver Eagle on November 24, 1986. As the official bullion of the U.S., this shiny coin was struck only in the one troy ounce size. Since their launch in 1986, American Eagle Silver coins have been produced and sold in both proof and bullion finishes. Today, Silver Eagles are among the leading bullion coin investment products in the country.

Iconic Design

The Silver Eagle was inspired from the “Walking Liberty” designed by Adolph A. Weinman. Weinman originally used the design on the Walking Liberty Half Dollar coin of the U.S. from 1916 to 1947. This iconic design quickly gained popularity in the country and is still one of the most beloved designs of any U.S. coinage of modern times.

Reverse Side

The reverse side of the Silver Eagle portrays a heraldic eagle behind a shield. Designed by John Mercanti, the eagle grasps an olive branch in its right talon and arrows in its left, echoing the Great Seal of the U.S. Above the eagle are 13 five-pointed stars, which embody the original Thirteen Colonies. As the national bird, the eagle has appeared on all official seals of the U.S.

Collector Value

The U.S. Mint certifies the Silver Eagle content, weight and purity. While the face value of this coin is one dollar, its metal value is far more valuable. Guaranteed to contain one troy ounce of 99.9 percent pure silver, this coin is worth between $26-40 dollars depending on the current market. Collectors can purchase Silver Eagles on our website or directly from the U.S. Mint.

Uncirculated Version

In 2006, the U.S. Mint added another member to the American Silver Eagle family, the uncirculated version. The term “uncirculated” refers to the process by which the coin is made. Although it looks similar to Silver Eagle bullion coin, the uncirculated coin is distinguished by a mint mark, which indicates its production facility, and the use of burnished coin blanks, which are hand-fed into specially adapted coining presses one at a time.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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