If you have started investing your money in precious metals, then you are a step ahead of the game. These metals offer stability and security that you just cannot find elsewhere. Because the metals, like silver and gold, have been considered valuable long before stock markets and government bonds, they are sure to continue to be of value when other options have failed. This is why you are a step ahead of the game. When your friends and colleagues are panicking at the dips in the stock market, you will be able to just smile, knowing your future is safe because you chose a different way to invest.
One way to invest in the metals is to purchase certain silver coins. These bullion coins are made to be investment grade, offering an easy way to purchase and store the metal. However, if you are just starting with your investments, then you may need to know some details, which could be quite helpful. Below, you will find three things to know about silver coins.
1. Generally, you will find the silver bullion coins come in two purities. The standard is .999 grade silver in one troy ounce. However, you can also find the highest level of purity available, .9999, also referred to as four nines. Which level of purity you choose will depend on your budget and how much you want to invest at one time.
2. Bullion wise, you have three options. The silver American Eagle coins are minted in the United States and offer one troy ounce of .999 silver. The coins feature images such as Lady Liberty, a sunrise, the bald eagle, and thirteen stars. The silver Vienna Philharmonics coin is offered from the Austrian Mint. Including one troy ounce of .999 silver, the coin includes the images of musical instruments and the philharmonics building. Offering the highest level of purity, the silver Canadian Maple Leaf includes one troy ounce of .9999 silver. Offered by the Canadian Mint, the coin includes images of the maple leaf and Queen Elizabeth II.
3. Mixed coin bags can be a very stable investment. These bags include a combination of American circulation coins from dates that includes 90% silver. Never worth less than face value, the coins can only gain value in the future.
Investing in the metal can make sure that you are prepared for your future. Knowing your options can help you make wise decisions.