The price of a bullion coin will, therefore, be close to the spot price of silver. Silver bullion coins derive their value purely from the weight and purity of silver they contain. The weight and purity of silver in bullion coins is also guaranteed by law, which makes them a smart option for new investors. Bullion silver coins usually have a date and face value which confers legal tender status in their country of origin. Silver Bullion Coins: These are flat, disc-shaped coins containing 99.99% pure silver which are struck by sovereign mints such as the US Mint, The British Royal Mint, and Canadian Royal Mint among many others. Silver coins are available in four main formats: Silver bullion coins such as American Silver Eagles, Austrian Silver Philharmonics, and Canadian Silver Maples offer real portfolio diversification and potentially lucrative returns on investment.įor an investor looking to enter the silver market, what exactly are investment grade silver coins and which type of coins offer the best investment choices? This chapter explores the various types of silver coins to help you choose the most ideal format for investment. Today, governments, banks and institutional funds invest in silver as a hedge against currency devaluation and general uncertainty. The Spanish Empire, British Empire, and subsequent governments minted silver coins to give traders a portable, finite, and universally accepted form of currency to drive commerce in far-flung corners of the earth. In recent history, mass-circulated coins were made from silver alloys as a guarantee of value and to ensure acceptance. These coins are still highly sought after today as valuable collectables due to their rarity and historical significance. The highly popular Drachma in ancient Greece or the Roman Denarii were treasured as prestigious coins and measures of wealth. This was for the simple reason that traders trusted the intrinsic value of silver in exchange for their hard-earned property. Silver coins were the earliest form of mass circulation coinage in the world.
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