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Investing in Silver Coins by Kyles Humphrey





Article Author Biography
Investing in Silver Coins by
Article Posted: 04/25/2012
Article Views: 48
Articles Written: 242
Word Count: 887
Article Votes: 0
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Investing in Silver Coins


 
Business
silver prices continue to rise with increasing demand. All the way through history, silver coins have played an important role as a currency and a store of value. Silver coins had a stronghold over bartering of goods, facilitation of trade and economic activity and contribution to the nation’s economic wealth. Even in the 21st century, buying silver coins is a possible method of investment if investors are interested in physically holding silver.

Silver coins are legally minted by various governments as a store of value. They are also the preferred choice for minting commemorative coins. The popular silver coins tagged as means of investment are the one ounce 99.99% pure Canadian Silver Maple Leaf and American Silver Eagle. Silver coins are also differentiated as either fine silver or junk silver with the latter being old silver coins minted until 1964 using smaller percentage of silver. They were discontinued in 1964 but as a way of investment, the combined mintage of these coins far exceed the mintages of all other silver investment coins.

Junk silver coins are also available as sterling silver coins that were minted in the United Kingdom and Canada until 1919. They contained 92.5 % silver and were available in form of Crowns, Half-crowns, Florins, Shillings, Sixpences, and three pence. Investors who play with silver as means of investment use only .999 fine silver rounds as a store of value.

Kyles Humphrey is an accomplished journalist in silver market, mining & stocks, who periodically writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com for more details.

Currently, the Silver Canadian Maple Leaf Coin minted from .9999-fine silver is the purest silver coin in the world. At a face value of $5, the 1 oz coin is designed with a picture of a maple leaf on the reverse while an effigy of Queen Elizabeth II is traced on the obverse. Some other commonly traded silver coins are Mexican Silver Libertad, Chinese Silver Panda, American Silver Eagle, Australian Silver Kookaburra, Australian Silver Kangaroo, British Silver Britannia, Austrian Silver Vienna Philharmonic, Russian George the Victorious and special commemorative coins minted for sale to coin collectors.

Silver rounds are a popular alternative to silver coins. Privately minted, they are called silver coins because the word 'coin' is reserved by US mint for government issued circulating currency.">Investing in silver coins is a popular method of investment if the investor is interested in physically holding silver.

Silver as a precious metal does not hold the same value as gold, but it is one of the most widely used precious metals in the world especially in the industrial world. Right from its medical use to jewellery, silver moulds into any possible form yet retaining its preciousness. The demand-supply graph of silver is screwed with rising demand for silver hanging its sword fast depleting sources. It is no wonder people are interested in investing in silver as silver prices continue to rise with increasing demand. All the way through history, silver coins have played an important role as a currency and a store of value. Silver coins had a stronghold over bartering of goods, facilitation of trade and economic activity and contribution to the nation’s economic wealth. Even in the 21st century, buying silver coins is a possible method of investment if investors are interested in physically holding silver.

Silver coins are legally minted by various governments as a store of value. They are also the preferred choice for minting commemorative coins. The popular silver coins tagged as means of investment are the one ounce 99.99% pure Canadian Silver Maple Leaf and American Silver Eagle. Silver coins are also differentiated as either fine silver or junk silver with the latter being old silver coins minted until 1964 using smaller percentage of silver. They were discontinued in 1964 but as a way of investment, the combined mintage of these coins far exceed the mintages of all other silver investment coins.

Junk silver coins are also available as sterling silver coins that were minted in the United Kingdom and Canada until 1919. They contained 92.5 % silver and were available in form of Crowns, Half-crowns, Florins, Shillings, Sixpences, and three pence. Investors who play with silver as means of investment use only .999 fine silver rounds as a store of value.

Kyles Humphrey is an accomplished journalist in silver market, mining & stocks, who periodically writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com for more details.

Currently, the Silver Canadian Maple Leaf Coin minted from .9999-fine silver is the purest silver coin in the world. At a face value of $5, the 1 oz coin is designed with a picture of a maple leaf on the reverse while an effigy of Queen Elizabeth II is traced on the obverse. Some other commonly traded silver coins are Mexican Silver Libertad, Chinese Silver Panda, American Silver Eagle, Australian Silver Kookaburra, Australian Silver Kangaroo, British Silver Britannia, Austrian Silver Vienna Philharmonic, Russian George the Victorious and special commemorative coins minted for sale to coin collectors.

Silver rounds are a popular alternative to silver coins. Privately minted, they are called silver coins because the word 'coin' is reserved by US mint for government issued circulating currency.

Related Articles - silver prices, silver price, prices on silver,

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