How to Buy Silver Coins

buy silver coins

Silver coins are tangible assets that can be held in your hand, providing a level of security and convenience unmatched by paper investments such as stocks or even cash. They are a physical store of wealth that has served as money for thousands of years and isn’t subject to the same risks as paper or digital currency.

Investor demand for silver coins is surging, with mints around the world unable to keep up with demand. This has helped to drive down premiums on sovereign bullion coins, and even on “junk” silver. Junk silver refers to circulated pre-1965 coins that have only the value of their silver content and no collector or numismatic appeal. These are generally sold in assorted bags for little more than the silver content, making them an attractive investment for beginners or investors on a tight budget.

Why Invest in Silver Coins: Advantages and Benefits for Smart Buyers

When purchasing silver, look for dealers who have a good track record, clear pricing (spot price plus a premium is fair), and a buyback policy. Avoid dealers who spend a lot of money on advertising, celebrity endorsements, or have minimums that make it expensive to get started. Also, find out if they will be bombarding you with marketing materials after your purchase or sell your name to telemarketers.

Investing in silver is an excellent way to diversify your portfolio, and it can be more affordable than gold. However, the primary reason for owning silver is not to generate a return on investment; it’s to hedge against enormous systemic risks. Major economies are burdened with debt and trade deficits, while inflation is rising worldwide.

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