The 7 Most Popular Silver Coins on The Market
Whether you’re considering silver coin investment, or are a frequent and experienced investor in the market, this guide will tell you about the most popular coins for silver investment today.
Additionally, if you are one of the lucky few people to have found a stash of coins, then take our heed and do not clean them before getting them valued. This can actually lower their value. This guide will give you a brief outline of the coins you have in your possession.
1. Silver American Eagles
The Silver Eagle is a stand out product as it is the only one to be guaranteed by its Government.This goes some way to explaining why it is the most popular coin today.
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However what investors appreciate about this one is that it is so distinct in design. Additionally, as they are in limited numbers, there generally can be a value placed on them that appreciates throughout the years.
2. Silver Canadian Maple Leafs
Simialry to the American Eagle, the Canadian Maple Leaf also comes under the umbrella of coins that are U.S. Government issued.
Currently their new and in circulated price tends to be around $1.80 and $2.50 over spot. As a side note, if you’re looking seriously considering investing in Canadian Maple Leafs, then you should talk to a professional about which years had the lowest amount of coins produced.
3. APMEX 1oz Fine Silver Rounds
Whilst the previous two both hold value in terms of their aesetcis, the APMEX 1oz Fine Silver Rounds provide the investor with the most coin for their money. However, you may be wondering why they are denoted as rounds, and not coins. Well this is because non-legal tender cannot be refferred to as coins.
4. Morgan Silver Dollars
These dollars are a 90% silver, and 10% copper coin. Originally minted back in 1878 to 1904, and then for only one year in 1921. The minting years therefore make for an attractive coin in terms of rarity.
5. Austrian Silver Philharmonics
The Austrian Philharmonics is considered to be one of the most aesthetically attractive coins in the bullion market. This is largely to do with its relatively complex design.
With a legal tender of $1.50, it generally stands at around a £2.39 over spot if they are new.
6. APMEX ½oz Fine Silver Rounds
The APMEX ½oz Fine Silver Rounds has a slightly more difficult proposition for any newbie investor. The fact that it is a ½ ounce issue, as compared to the standard 1 ounce issue, actually makes this type of round more valuable. It is advised that you seek advice from your broker for more of an explanation on this as there is also the disadvantage of having to pay a premium.
7. “Junk” Silver Dimes
The final coin on our list may come as a surprise to many, but “Junk” Dimes are actually considered to be a collective item. However they benefit from an extremely low purchase mark up. By comparison however, there spot price does tend to be regarded as a little steep.