Tuesday, March 29, 2011

Investing in 1 Oz Silver Coins

Investing in silver bullion is a serious deal and one must be really careful before and while they are dealing with the seller. The risk is even more if you are planning to buy online as you will not be able to physically meet up with the person you are dealing with and the risk of dealing with a brick and mortar shop is lot less than the online dealer. 1 oz silver coins are the most commonly bought silver bullion from the online sellers and the regular bullion dealers. This is mainly because buying them is a pretty cheap affair and one can buy as little as one coin. But if you are looking to invest in similar size gold coin, it would cost you lot more than the silver.

1 oz silver coins are made both by the government mint as well as many other private mints in USA. Those which are minted by the government are commonly called as American eagle silver bullion coin and those by the private ones are called as silver rounds. Almost both of them are made to the same exact specifications but then the finishing of the American eagles will be excellent with front of the coin with walking liberty engraved on it and the other side with an eagle with wide spread wings and stars above it. It is because of these extra works on the precisely made coin, the cost of American eagles is lot more than the generic silver rounds. Silver rounds are just plain simple coins made with silver of 99.99% purity and one troy ounce weight exactly like that of the govt. silver coins.

Coins issued by the government mint are of three types mainly, the regular silver coins which are circulated, the ones which are special edition or uncirculated limited coins and the proof coins. If you are regular investor who is interested in only the silver contained in the coin and nothing else, then you should go the regular in circulation silver coins. The special edition coins and the uncirculated coins are of interest for those who are into silver coin collection. Collectors would love to pay any extra premium to get their hand on that very rare special edition 1 oz silver coins which are specially released for a particular occasion and in limited number. Sometimes particular batches of coins which have been misprinted gets released into circulation and get discontinued immediately after finding it out. Such coins which go into circulation will have a huge demand among the numismatics. Proof coins are the regular silver coins but the image on the coin being more clear and appreciative. They got better mirror like finish and looks very attractive. This is achieved by striking the die twice or thrice on the blank coin to get a good image of the die.

Before you buy a 1 oz silver bullion coin or a bar, make sure you check for the sign of authenticity that is present on the coin. Do look for the warranty card if there is any provided with it. Check if the weight of the silver is exactly one ounce or not. With a little know how and caution you can happily invest in 1 oz silver coins and wait for the profits to knock at the door. The bells are surely going to ring as the price of silver has not seen a downfall for a very long time and there is no possible chance of going into losses.

Thursday, March 24, 2011

Silver Bullions and the Numismatics Affair

One of the rare hobbies which not only gives the pleasure of doing it but also becomes a source of income after a while is coin collection. But not all numismatics tend to get this opportunity, it’s only those who are particularly interested in collection of silver coins. These coins which are often referred to silver bullions are coins made up of pure silver and have a good face value as well as metal value to it. Coins which are rarer tend to get lot more price as it gets older and this is where the coin collectors reap the benefits.

Investing on silver bullions is always a good form of back up that can support you in times of need. Both silver and gold bullions are available but silver is lot more preferable than gold if you are starting up with smaller amounts. Silver coins are cheaper to buy and the price increase is lot more than that of gold. The price of a silver coin goes higher and higher as it get older and rarer. Consider your great grandfather had a few dozens of them and you found the box in which he stored them, then you are sure to hit a jackpot. The price of an ounce of silver has increased in multitude of times and continuing even today. When investing in silver bullions in the form of coins, make sure you do some market research about the coins that you are going to purchase so that you are not fooled. Have firsthand information of the various kinds of rare silver coins and their market value from the analysts. This will surely help you when you are considering buying or selling them.

Buying silver bullions in bulk is always a good option and it is said that you should put in as much amount as you can afford to, when you are buying in silver bullions. This is because once you buy it and keep it aside, the value keeps on increasing on and on. So it’s like a money tree that will keep growing in multiples. That’s the reason why it’s always best to buy all that you can afford at once. This is especially true if you are considering using silver bullions as a means of investment. The more you have the more you will reap.

Coin collectors who purchase silver bullions as a part of their collection will not look for the silver that is present in it but for the history that is attached to it. Such people pay a lot of money to get a single coin of the same one ounce weight just because there is a history attached to it. If you are the lucky guy who is willing to sell such coin, then your coin collection surely will pay you well.