Collecting silver bullion coins can be an exciting pursuit, not to mention a wise financial investment. However, if you’re new to the world of coin collecting, bullion investing, or both, it can be tricky to know how to get started. Fortunately, buying silver coins isn’t as complicated as it might seem. By doing a little research and keeping a few basic guidelines in mind, you’ll be ready to start investing in silver coins in no time.
What Sets Silver Bullion Apart
The first step toward buying your first silver coins is understanding what makes silver bullion different from other kinds of silver. Silver bullion consists of very highly concentrated silver. To be classified as bullion, silver must generally be 99.9% pure. Sterling silver, by contrast, typically consists of 92.5% pure silver and 7.5% copper or other metals.
While sterling silver is widely used to make everything from jewellery to utensils to home décor, silver bullion is primarily intended for investment or collecting purposes. Bars, coins, and rounds are the most common forms of silver bullion.
Why Silver Bullion Coins Are Wise Investments
Now is an excellent time to invest in silver bullion. Silver has long been touted as an affordable metal that yields reliable market returns. World demand for silver is growing exponentially thanks to silver’s role in industrial manufacturing. Silver is required to make cell phones, solar panels, automotive components, and various plastics and chemical compounds. Investors can expect to see the price of silver rise over the coming years.
Silver coins are an excellent choice for investors and coin collectors alike. Compared to other forms of silver bullion such as bars and rounds, coins tend to command higher prices and hold greater value.
Where To Purchase Silver Bullion Coins
Because a coin’s value can vary based on its condition, choosing the right coin dealer can make an enormous difference in the quality of the items you receive. Select a seller with experience selling and handling both coins and bullion. This makes it more likely that the coins will have been stored and handled correctly so as not to diminish their value.
How To Select the Right Coins
There are many factors to consider when choosing the right silver coins to add to your collection. Unlike silver bullion bars, coins are minted in a variety of designs that can affect their purchase prices and their appreciating values.
The silver bullion coins produced by the Royal Canadian Mint, for example, are among the purest silver coins in the world. The RCM’s famous Maple Leaf coins and other commemorative bullion designs go beyond the 99.9% purity standard. Accordingly, these RCM silver coins are stamped “9999,” indicating that they are made from 99.99% pure silver. For even higher value, look for RCM coins with privy marks, small commemorative symbols under the maple leaf emblem.
How Much To Spend on Silver Coins
When most people think about coin collecting, they’re usually thinking of numismatic coins. A numismatic coin’s value comes from its rarity and design, rather than its metal composition. On the other hand, bullion coins are valued based on the purity and weight of their precious metal content. The market price of the metal is called the “spot price.” Coins tend to command a substantial premium above spot price based on design and other factors.
Buy Bullion at Colonial Acres
Colonial Acres is a reputable company serving Numismatic customers for over 30 years. We offer an extensive collection of silver bullion coins that will impress any beginner or seasoned collector. We recently celebrated our 30th anniversary with the release of this custom made 2021 Beaver Bullion 1oz .999 Silver Ann. of Colonial Acres Coin. The unique design represents the growth of our family business, from setting up tables at local flea markets in 1991 to thriving as a first-class coin dealer today.