Since then I’ve made all sorts of purchases of silver coins, bars, rounds, bullion, junk, even a handful of numismatics and paper silver! Yes, paper … I know that is an oxymoron.īefore we dive into the different kinds of silver, let’s first get some basic terms defined out of the way.Īmerican Silver Eagle – (ASE) Official silver bullion coin of the US, 1986 – present.Īustrian Silver Vienna Philharmonic – Silver bullion coin of Austria since 2008.īullion – Gold or silver in the form of bars that is at least 99.5% pure.īullion coins – Coins struck with at least 90% silver purposed for investment.Ĭanadian Silver Maple Leaf – Silver bullion coin of Canada, from 1988 – present.Ĭhinese Silver Panda – Silver bullion coin of the China, from 1983 – present.Ĭoin Grading Service – Organization that grades numismatic coins. You would call in and they would push you to buy silver coins with numismatic value. Of course, I over paid for these coins, they were advertised on some radio program. I remember my first silver buy back in 2008, it was a mix of Peace Dollars and Morgan Dollars, mostly with a GOOD or VERY GOOD grade. Current Gold/Silver ratio is 1:60, historically it averages 1:16.Just read the post 101 uses of silver and you will see how versatile it is. Silver is the second most consumed commodity, first is oil.Silver has been used as money for 1,000s of years.While we will save a complete list for the future, below are the top 5 reasons to be buying silver: There is no shortage of signs on the uncertain future of the economy, the coming collapse of the dollar, and the recent moves into gold & silver. The farther back you can look, the farther forward you are likely to see Here’s a short primer the history of silver used as money. If you are still on the fence on whether or not you should buy silver bullion, just take some time to read on the history of money. The guide below will hopefully answer the above questions and help make you a more informed investor … Investing in silver in today’s economy is one of the most prudent action-steps you can take to preserve your wealth and hold true money. There are several questions you need ask yourself before you take the plunge: For someone looking to make your first purchase, buying silver is not as simple & straight-forward as it appears.
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