Last updated on May 2nd, 2024 at 03:35 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
Old western movies, heist films, and cartoons have all helped cement the image in our minds of bullion being bars of gold or silver. But in fact, bullion refers to precious metals in bulk and valued by weight, regardless of the shape or size. If you plan to invest in gold or silver bullion coins it is important to understand exactly what you are buying because it can take various forms and you may not end up with a large pile of pure silver bars.
Types of silver bullion
There are various types of silver bullion, including “junk” silver, bullion coins or small bars.
- Junk Silver – So-called “junk” silver generally refers to United States coins that were minted before the early 1960s and are 90% silver. These coins have basically no collectable value and their value is derived exclusively from their silver content rather than their age or rarity.
- Silver Bullion Coins– Bullion coins such as the Silver Eagle, or similar silver rounds that are manufactured privately, remain a firm favourite with investors because they can be bought individually or in bulk, and you can buy as many, or few, as you can afford. Silver rounds are similar to silver bullion coins in size and composition but are produced by private mints rather than the government. Besides the value of the silver, bullion rounds are attractive because they are usually beautifully designed and are often produced to commemorate a special occasion or event. Bullion rounds are also produced in a wider variety of weights than government issue silver bullion coins and therefore offer investors more options. Silver bullion coins are a great option for first-time buyers.
- Silver Bars – Silver ingots or bars, similar to those seen in heist movies and old Westerns, are a popular option for many investors, especially if they want something they can easily display or store. Silver bullion bars are less expensive to produce than silver bullion coins and are therefore often sold at a lower per ounce price, but one silver bar will be more expensive than one silver coin or round because of the size.
Buying silver bullion
If you are new to investing in precious metals and you can’t afford expensive gold bullion, silver is a viable alternative and can be a good starting point for anyone wishing to diversify and add precious metals to their investment portfolio in order to spread their risk. Silver bullion prices are generally stable and can help you protect your wealth against inflation and major economic fluctuations.
Silver bullion coins and bars are readily available, and an attractive option, provided you buy them from a reputable company. Anyone can list silver bullion for sale and there is no control or regulation of the sale of silver. This means that the onus is on you to protect yourself from unscrupulous sellers, fraudsters and counterfeiters. Before you rush out and buy silver bullion you need to do your due diligence; make sure you understand the basics of buying silver, research the current market value and find a reputable company to do business with.
Colonial Acres Coins can help you start your silver bullion coin investment collection. Todd Sandham and Kirk Parsons, who founded Colonial Acres Coins in 1991, know all about starting small in the silver business. They grew their business from a modest part-time hobby of selling coins at local flea markets to a 7200 square foot store with a staff of 20.
Colonial Acres sell a wide variety of silver bullion, including silver bars, Canada silver bullion, World silver bullion, privy mark silver maple leaves, fractional silver and scrap silver. Our collection of silver bullion coins appeals to both seasoned silver investors and first-time buyers.
