Silver Bullion - What are silver
coins?
What are silver coins? Now chances are good that it might at
first seem like a pretty silly question with a straightforward answer, but it’s actually not that simple as
we shall explain…
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Whenever we write in reference to “silver coins” on the Silver
Bullion website, except where we explicitly state otherwise, it’s always in reference to
silver coins which are:
-
Not colorized: Colorized silver coins, even in the
instance where it can be classified as silver bullion or a silver bullion coins, must be
avoided as far as possible, except if it can be bought at a substantial discount to the melt value of the silver it
contains. Colorized coins here are in reference to genuine mint products that have been modified by
adding coloring (or even holographic stickers in some instances!). It’s frown upon by serious silver
investors, especially serious silver coin investors, since such silver coins are for one considered
to be “damaged.” These silver coins in general attract far lower prices than their genuine
unmodified counterparts.
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metals today! Contact us for
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Invest in precious
metals today! Contact us for
details.
However, a silver coin that’s colored by a mint that issued
it is considered to be an official issue or officially issued silver coin. Such a coin, besides the melt value of the silver, may have a
collector’s value (numismatic value) depending on its rarity and
other factors. The problem arises when a private mint takes an officially issued silver coin and colorizes
it with the idea to sell it at a premium. This might sit well with the novice or first time silver investor,
but it will not earn him/her any brownie points with serious silver investors, especially serious silver
coin investors.
-
Non-plated: Non-plated silver coins refer to silver coins
that are not plated with silver (or anything else for that
matter!), but that consist of a silver alloy or at least some
substantial percentage of silver. Needless to say, silver-plated coins should be avoided like the
plaque itself.
-
Rare silver coins and medallions
excluded: Rare silver coins and privately minted limited edition medallions that
are minted to commemorate an event or a person are not part of the "silver coins"
or “numismatic coins” as defined here
on the Silver
Bullion website. Both the rare silver coins and medallions sell at ridiculous
premiums to the melt value of the silver and
must be avoided like the plague itself, except if a rare silver coin or medallion can be
acquired or purchased for a fraction of the collector’s value (numismatic value), not
outstripping the melt value of the silver by a substantial percentage.
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