Numismatic coins (Collectible Silver Coins)
Numismatic coins, collectable silver coins or silver coins with collector’s value (numismatic value), depending on the silver investor’s purpose of buying silver, might or might not sit well with him/her. If the silver investor is buying silver for survival purposes only, then it’s probably best to avoid numismatic coins altogether. However, many silver investors seek a “double play” in terms of both the melt value of the silver and the collector’s value (numismatic value). Thus, while we will not go into an awful lot of detail here or entertain numismatic coins to the fullest extent possible, we intend to provide interested parties with at least some info when it comes to investing in or owning collectable silver coins or numismatic coins as defined below.
Numismatic coins as per our definition…
Numismatic coins in the context of the Silver Bullion website refer to silver coins that have collector’s value (numismatic value) attached to it and meet the following criteria:
- 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. 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 “numismatic coins” as defined here at 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.
Given the above, whenever we write in reference to “numismatic coins,” “collectable coins” or “collectable silver coins” on the Silver Bullion website, except where we explicitly state otherwise, it’s always in reference to silver coins as defined above.
Numismatic coin investment strategy recommended by us…
If you are a silver investor who seeks a “double play” when it comes to silver coin ownership (or silver ownership for that matter!), then we recommend the following investment strategy: Acquire or buy silver coins that are in a Brilliant Uncirculated (BU) condition, especially silver bullion coins. These silver coins are much cheaper than silver coins in proof condition, but still offer value for money both in terms of the melt value of silver and the collector’s value (numismatic value). In fact, Silver Bullion is of the opinion that silver coins, especially silver bullion coins, in a Brilliant Uncirculated (BU) condition provides the ideal balance between the melt value of the underlying silver and the collector’s value (numismatic value). It’s the ideal combination to provide protection and growth during both tough and prosperous economic times!