Why invest in or own silver bullion coins?
Why invest in or own silver bullion coins? Silver bullion coins are among the most popular forms of physical silver to invest in or to own. We are here writing in reference to silver bullion coins in the traditional or conventional sense where the weight of the silver as well as the purity of the silver is of extreme importance. The answer to the above question goes hand-in-hand with the answer provided here.
In addition to the reasons stated elsewhere on the Silver Bullion website, we recommend an investment in silver bullion coins, especially American Silver Eagles, Canadian Silver Maple Leafs, Mexican Silver Libertads, Chinese Silver Pandas, Australian Silver Kookaburras, Australian Silver Kangaroos, British Silver Britannia and Austrian Silver Vienna Philharmonics, because of the following reasons:
- Beauty: A silver bullion coin, depending on its condition, can be beautiful, both in terms of artistic beauty and the luster the silver content provides to the coin, especially when it is in proof condition. A coin is normally double struck when it is in proof condition, which gives it an exceptional luster, but most silver bullion coins in proof condition are only available at multiples of the value of the underlying silver content. This is the reason why Silver Bullion recommends that the silver investor avoids a silver bullion coin when it’s in proof condition, except of course if he/she can buy or acquire it at a reasonable price to the value of the underlying silver content. It is recommended that the silver investor, especially the silver coin investor who seeks a “double play,” acquire or buy silver bullion coins that are in a Brilliant Uncirculated (BU) condition. These coins are much cheaper than coins in proof condition, but still offer value for money both in terms of the melt value of the silver as well as the collector’s value (numismatic value). In fact, Silver Bullion is of the opinion that 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! On the other hand, silver bullion bars (silver bars) and most junk silver coins simply lack the artistic beauty (and in some instances luster) of silver bullion coins such as American Silver Eagles, Canadian Silver Maple Leafs, Mexican Silver Libertads, Chinese Silver Pandas, Australian Silver Kookaburras, Australian Silver Kangaroos, British Silver Britannia and Austrian Silver Vienna Philharmonics.
- Perfect balance silver weight and silver purity: Silver bullion coins, especially 1 troy ounce silver bullion coins with a purity of 99.9% or higher, provides the ideal balance between silver weight and silver purity. In fact, it not only makes it easier to calculate the value of one’s silver holdings, since the silver price is quoted in U.S. Dollar per troy ounce of silver, but it’s probably the most compact and transportable form of silver available in the silver market today.
Now we can go into more reasons why silver bullion coins should be the preferred silver investment vehicle, if one may call it that, but then we know that personal preferences and more also play a role here.
There are for example silver investors that like silver bullion bars (silver bars) more than silver bullion coins, especially silver investors who have access to fairly large pools of non-redeemable paper notes or fiat currency that can be exchanged for silver, physical silver that is. Instead of opting to buy 10 000 silver bullion coins that contains 1 troy ounce of silver each and which can sell at substantial premiums to the melt value of silver, they opt to buy 10 silver bullion bars (silver bars) that contains 100 troy ounces of silver each and sell at relative low premiums to the melt value of silver. It’s after all no secret that silver bullion bars (silver bars) offer a more compact solution in terms of silver storage when it comes to such large quantities of silver. On the other hand, it must be said that silver bullion coins offer a much better solution when it comes to survival purposes. Silver bullion coins can easily be used as money or to barter for goods and services, while the same cannot be said of silver bullion bars (silver bars) that are bulky at best. Needless to say, despite personal preferences and other reasons, a balanced approach is recommended if one can afford it.
In other words, try to go for a combination of both silver bullion coins and silver bullion bars (silver bars) if possible. However, if you only have access to a small pool of non-redeemable paper notes or fiat currency, it’s best to only invest in or own silver bullion coins, classified as such in a modern and traditional or conventional sense.