American Silver Eagles were first minted in 1986 and are the official silver bullion coins
of the USA. It is only struck in a one troy ounce and contains 99.99%
pure silver as guaranteed by the American government like other gold bullion coins
such as the Gold Eagle. They have a face value of $1 but their
intrinsic value is much greater and are generally sold at a low premium.
Sales of American Silver Eagles have increased in
recent years and in 2009 the US Mint sold over 28 million coins. Due to
the increased demand the US mint has decided to produce a second Silver
bullion coin, America the Beautiful Silver bullion coin. The coin will
contain 5 ounces of pure silver.
Silver Eagles
How to buy Silver Eagles
There are a number of ways of buying silver eagles. If you like to purchase older American Silver Eagles
your best option would be to look up a local dealer or go to coin fair,
where are number of collectors and dealers will be looking to buy and
sell gold and silver bullion coins. Before you buy older or rarer silver eagles
it would be wise to do some research into the actual value of certain
varieties. For buying newer silver eagles, there are a number of
internet sites who you can buy from as well as the American Mint itself.
Gold or silver bullion coins?
If you are deciding between purchasing coin such as a gold Krugerrand
and a Silver Eagle there are a few points you will need to consider.
Both coins are good ways of investing in gold and silver however
Krugerrands and other gold coins have special tax allowances in many
countries, which do not apply to silver coins. For example, in the EU
there is no VAT on gold but there is on silver, so there will be
premiums to pay every time you buy and sell a silver coin.
However it is also worth noting that silver has often produced a
greater percentage price increase than gold but in order to gain a
return on an investment it is necessary to purchase a larger number of
silver coins than gold.