There’s a reason why these 5 coins are the most popular silver coins to invest in. Discover how you’ll benefit from adding them to your portfolio now.
As it is currently, the value of one troy ounce of silver is 25.31 US dollars. This means that the old silver coin you have tucked in your drawer could pay for a nice solo dinner and a drink. You could sell the silver coin for its value, or, you could use it as a smart financial investment.
Investing in silver, gold, and other similar precious metals is a popular alternative to investing in stocks and bonds. If you’re interested in making a silver coin investment, then you need to know ‘where the money is.’ At Only Gold, we want you to make a smart investment, which is why here we cover the five most popular silver coins to invest in.
1 The Silver American Eagle
The American Eagle is by far the world’s most popular government-issued legal silver coin. Since its creation in 1986, the US Mint has mint more than 200 million of these one ounce silver coins.
Although an American Eagle is legally a one dollar coin, these coins sell more for the value of their silver content. Their value is further increased with an added small markup to cover the cost of marketing and distribution.
Moreover, you can put the American Eagle in your IRA.
2 The Australian Silver Kangaroo
This coin highlights one of Australia’s most recognizable animals, the kangaroo. To accommodate for its design, the Australian Kangaroo features a thick band. Moreover, the coin design is struck from one ounce of .9999 fine silver and includes an image of Queen Elizabeth the Second.
3 The Canadian Silver Maple Leaf
The Maple Leaf is the five dollar coin of the Canadian Mint. Each coin contains one ounce of .9999 fine silver and, like the American Eagle, you can put it in your IRA.
The Maple Leaf shares another commonality with a silver coin on this list, the Australian kangaroo, as both coins feature an image of Queen Elizabeth the Second.
4 The Austrian Silver Philharmonic
This coin is one troy ounce of .999 fine silver and is almost identical in design to the Gold Philharmonic. This comes as no surprise, as the Austrian Mint produces both the Silver and Gold Philharmonic.
5 90 Percent Junk Silver Coins
A junk silver coin is any US silver coin made before 1965. By its own, a junk silver coin carries no collector value. But, a collection of junk silver coins could be sold for their precious metal content for a considerable amount of money.
Discover the Most Popular Silver Coins to Invest in
If you have an interest in investing in or buying silver coins, then you first need to know what the most popular silver coins are. Now that you do, you can be confident in your investment decision.
Trust Only Gold with all your precious metal investing decisions!
Take a look at our catalog of silver coins for sale or visit our blog to learn more about investing in silver and other precious metals.