When buying silver collectible coins, you might want to consider the reason you're collecting them. A huge number of coin collectors hoard silver coins for future investment; they expect that these coins will increase their value over time. Some collect them just for their mere beauty, antique value and rarity. It is important to know why you're collecting the silver coins in the first place; the reason itself will help you determine which silver coin to buy. There are 3 popular silver coins in the market today: Canadian silver coins, silver bullion coins and the American Silver Eagles.
Popular Silver Coin #1: Canadian Silver Coins
Canadian Silver Maples are a good buy, both for its value and beauty. They are one of the most popular silver coins among collectors and enthusiasts.
One of the most adored Canadian Silver Maples, the Titanic Silver Maple Leaf coin is an 1858 $5 silver coin that weighs 1 troy ounce and is made of pure 99.99 percent silver. Approximately 26,000 pieces of the Titanic coins were created. The shortage in the circulation, however, can be pointed to the distribution of the coins to just a handful of dealers. The Titanic coin has the portrait of Queen Victoria on one side and the legendary Maple leaf design on the other side. If you get the Maple Leaf, check that it is still in its original soft clear plastic. It should also be Brilliant Uncirculated (BU).
There were no pure silver coins created in Canada after the year 1858. Pure silver coins created in 1870 had a considerably different style and design. The year 1870, however, gave way for the stunning 50-cent piece. Immediately after the centenary silver coin of 1967 was created, the production of silver halves in Canada ended. Silver coins were replaced by nickel pieces in circulation.
Beautiful Silver Bullion Coins
Silver bullion coins are a good choice if you're planning on collecting silver coins as a future investment. The purpose of these coins, which are usually made of precious metals, is not for day-to-day circulation but for an investment. As a store of value, these metals are struck within a coin. A lot of silver bullion coins weigh an ounce. However, there are some created in limited numbers that weigh more. The market price of a silver bullion coin depends on its type, weight and its precious metal composition.
Among the well-liked and adored silver bullion coins are United States' Silver Eagle, Austria's Philharmoniker, Mexico's Libertad, China's Silver Panda, United Kingdom's Britannia and Australia's Silver Kookaburra and Lunar.
Attractive American Silver Eagles
America's official silver bullion coin is the American Silver Eagle. It was released on 1986. The coin weighs 1 troy ounce, has a nominal value of $1 and contains 99.99% pure silver. The United States Mint certified the coin's purity, content and weight. An uncirculated and proof version of the American Silver Eagle was created for coin collectors. The Silver Eagle was created in 3 mints, namely, the West Point Mint, San Francisco Mint and the Philadelphia Mint. A large variety of the Eagle Series known as the "2008-W Silver Eagle Reverse of 2007 Variety" was created in 2008. The Silver Eagles can be purchased from a network of authorized purchasers and wholesalers who met a specific set of qualifications. They are not directly sold to the public.
Before you start collecting collectable coins, be sure to read the fascinating reports from famed writer Eowyn Obando.
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