Silver Coin Pricing: Know When to Invest

Don’t invest in silver without first learning from the experts. Learn everything you need to know about silver coin pricing here.

Every year, the US mines hundreds of tons of silver, adding to the already large amount of silver in use today. Today, even though much of this silver goes to other uses, a good portion is still used to create coins and medallions.

Although silver coins aren’t made for circulation in the United States anymore, they’re still collected and bought by investors looking to capitalize on changing silver prices. But how can you find accurate silver coin pricing, and when should you buy silver coins for your investments? Read on for everything you need to know!

Where Can You Find Silver Coin Pricing?

In the age of the internet, there is a wealth of information on coins, prices, and investment strategies. Now more than ever, it’s easy to get up-to-the-minute data on precious metal and coin prices, letting you stay on top of your investment game.

Unfortunately, along with all this information comes a lot of scams and shady coin dealers trying to make money off of you. That’s why you have to always vet your information and only pay attention to the accurate sources for silver coins’ value.

One good place to start is with a coin book. You can pick these up at a bookstore, online, or even at your local library. These books are great resources for figuring out which coins are valuable, how much they’re worth, and how they stack up against other coins.

Although these books are good for general reference, they don’t include updated spot prices for silver. That’s why you want to also look into companies that can provide you daily spot prices, letting you know when silver is on the rise or is falling. This can help you decide the proper time to invest!

You always want to buy low and sell high with your investments, and silver is no exception. However, you need to keep in mind that silver is a good long-term investment. Try to buy silver when the markets are good, and hold onto it for the years when people start panic-buying silver again.

Which Silver Coins Make Good Investments?

There are several different kinds of silver coins you can buy, each with its own drawbacks and benefits. The three primary types are bullion, junk silver, and numismatic coins.

Bullion coins, such as the silver eagle coin, are made by various countries and contain a set amount of silver. One ounce is the most common size of silver bullion coin, making it very easy to know the coin’s silver value on any given day.

However, these coins do sometimes have a bit of a premium, and they’re not as familiar to all people. That’s why many investors also purchase junk silver coins.

Since the passage of the Coinage Act of 1965, ordinary coins like quarters and dimes were no longer made of silver. The silver coins made before 1965 are known as “junk silver” and are a favorite among many silver investors. They’re easily identifiable, don’t carry a large premium, and can be bought in bulk.

Older silver coins, known as numismatic coins, are another option for investors. These are worth more than just their silver content because of their age, design, condition, and other factors. However, these coins are often not the best investment, particularly for new investors.

There’s a lot that determines how much a numismatic coin is worth, and there are a lot of scammers who take advantage of unwary investors’ ignorance. Even if you don’t get scammed, these coins often carry much higher premiums, making it more difficult to turn a profit. That’s why we recommend that investors stick with junk silver or bullion!

Start Your Silver Investments Today!

Getting silver coin pricing is a good first step¬†toward investing in silver. But there’s a lot of research and planning that goes into making the best investment possible!

If you’d like to learn more about silver prices, or you want to order some silver to start your investments, contact us! We’d love to help you make the perfect plan for investing in gold and silver coins.