American Silver Eagle Bullion Coins have been popular among investors since American mint It first began striking these bullion coins in 1986. What helps make American Silver Eagle coins so attractive is that they are affordable for anyone who wants to hold a stock of the precious metal. You are free to buy these coins individually or in bulk, and you can buy almost whatever you want.
The US government guarantees one ounce of .999 pure silver content in each Silver Eagle coin – a factor that only helps increase the popularity of these coins to investors around the world.
Keep reading to learn more about American Silver Eagle Bullion Coins and how you can start investing in them today.
What are US silver bullion coins?
The original silver coin of the American Eagle was based on the half dollar of Adolf A. Wenman Walking Liberty which was in circulation from 1916 to 1947. The Lady Liberty, as the coin was also known, is one of the most beautiful coins ever minted, and in 2021 the United States Mint brought the coin back as part of its anniversary The 35th American Eagle Coin Program.
The American silver coin has had many different variations over the years. From 1986 to 2021, the reverse side of the American Silver Eagle depicted an eagle in coat of arms with shield, clutching an olive branch in the right claw and arrows in the left, a design designed by John Mercante. Since 2021, the reverse of the official silver bullion coin shows an eagle coming to land, carrying an oak branch as if adding it to a nest.
What is the difference between US silver bullion coins and other types of coins?
The USA produces two series of bullion coins: the American Silver Eagle Series (ASV) and the American Gold Eagle Series (AEG). Both series feature designs created by famous artists.
Silver American Eagles are produced in limited quantities each year. It is minted from 999 ounces of silver and contains one ounce of pure silver. The ASV was introduced in 1986 and has since become the most popular coin in the United States.
American Gold Eagles were first issued in 1988, making them the second oldest gold coin in circulation. Each age contains a troy ounce of 9999 pure gold.
Both series have been hit annually for over 30 years. In addition to being beautiful investments, both chains also make great gifts for anyone who enjoys collecting bullion or coins.
How does investing in US Silver Bullion Coins work?
When it comes to Invest in American Silver Eagles, it is important to realize that it is approximately equal to whatever the spot price of silver is per ounce. In other words, bullion versions of the Silver American Eagle (there are collector’s specimens, too) will fluctuate in value according to the daily ebbs and flows of the silver bullion market.
As a result, Silver Eagle coins are not the kinds of coins you would buy today, store for 20 years, and then sell to help pay the tuition fees of your children or grandchildren. You might hold on to an American Eagle for 5 days, 5 weeks, or 5 years, or decide to never sell and keep them to show or give to your kids one day.
When is the best time to buy and sell US Silver Eagle Bullion Coins?
The best time to buy silver eagles is when the price of silver appears to have bottomed out or is about to go up. The optimal time to sell the American Silver Eagles is as soon as silver prices look as if they have reached a plateau and may even drop.
During an active bullion market, some people may sell their American Silver Eagles only days — even hours — after purchasing them.
Of course, no one has a crystal ball as to what bullion prices will be later today, tomorrow, next week, or next year. So, as with any investment, you will need to gauge your purchases around what the markets seem to be doing, and remember that the price of precious metals, such as silver eagles, is affected by many factors, including the crude oil market.
When you decide to buy silver eagles, your best bet is to purchase them from a coin dealer or coin distributor. There are many US Silver Eagle distributors online, with Apmex, Monex and Money Metals Exchange being a few of the leading silver Eagle sellers in the bullion industry.
How do I know the right US silver bullion coin to buy?
Don’t let anyone make you think you need to buy newer silver eagles in order to make a “better” investment – newer isn’t really better in the American Silver Eagle industry. The 1986 American Silver Eagles are the same in silver content and quality as the Silver Eagles from this year. Also, unless you’re a coin collector, don’t spend your money buying “proven” silver eagle coins with a higher price tag. The hefty price premiums added to proof coins make it impractical for bullion investors to profit solely from gains in the silver eagle market.
How can I incorporate American Silver Eagle coins into my investment portfolio?
You can help maximize your investment potential with American Silver Eagles by including them in your IRA portfolio. A financial advisor can tell you more about how a combination of Silver Eagle and uncirculated coins might suit your unique investment circumstances.
It is important to note that any silver American Eagle coins you wish to use as IRA investments must be stored in an approved warehouse, which means that you cannot keep IRA bullion in your home or bank safe deposit box. You also cannot put any coins you already own into an IRA.
Although there may be some rules that you must adhere to when putting silver into an IRA account, it may be financially necessary for you to add bullion to your IRA to help diversify your tax-protected portfolio, which can also include stocks and bonds. and investment funds.
Where can I buy silver American Eagle coins in the USA?
If you are looking to grab some American Silver Eagle coins, there are a few different ways you can go about doing so.
There are secondary retailers that specialize in buying and selling coins and precious metals, including American Eagles.
You may also be able to find valuable Silver Eagle coins at local coin shows, antique shows, and estate sales as well.
There are also online retailers such as the Money Metals Exchange that allows you to buy, sell and trade precious metals, including Silver American Eagle coins 100% online.
Want to learn more about US silver bullion coins?
If you’re ready to start investing in or collecting American Silver Eagle coins, you can visit either your local bullion store that carries American Eagle coins or you can visit an online retailer.