Articles
Buy Silver Coins in Canada
by Samantha Samy DesignerWhere to buy silver coins much depends on what kind of coin and portfolio strategy you want for your investment or collection. Commonly, individuals like to invest in precious metals when the American dollar weakens. Silver, in particular, makes a great hedge investment during periods of economic fluctuations. Yet both silver and gold make for reliable instruments anytime due to their inherent value and stability, not to mention their industrial value which is continually preserved.
Where To Buy Silver Coins
The process for making a wise investment in silver coins consists of doing your homework after you have determined your purpose for purchasing them. If your goal is principally to buy as a collector (though not eliminating value as part of that strategy), then the Royal Canadian Mint is a great source. However, their prices can be slightly higher than other retailers.
If you are looking to buy silver coins that have been circulated and aged, or even pristine specimens, independent outlets can be of great value; sources like dealers, brokers, banks and auctions. First, understanding inherent value of a coin's weight in silver (as opposed to face value), age, or coin quality value is essential.
Silver's Spot Price
Check the spot price of an ounce of silver on any given day you hope to buy. It can be found on financial websites and newspaper financial pages. You may also want to follow the spot prices for silver over time (and other precious metals) as an indicator of its overall trending pattern, stability or volatility.
Silver Coin Content
Another element in determining where to buy silver coins is clarifying coin and/or mint tenure of what you want in your collection. Example: Coins minted prior to 1964 were only made of 90% silver while after 1985/86, they were minted with a higher silver content.
Consequently, if your investment plan is to purchase older silver coins, you will need to research what percentage of silver content was required by law for any given year prior to 1985/86. While any American coin minted has a currency face value, the intrinsic metal value will be determined by its content percentage. But equally, the older the coin, the greater the potential value of it depending on actual age and
Where To Buy Silver Coins
The process for making a wise investment in silver coins consists of doing your homework after you have determined your purpose for purchasing them. If your goal is principally to buy as a collector (though not eliminating value as part of that strategy), then the Royal Canadian Mint is a great source. However, their prices can be slightly higher than other retailers.
If you are looking to buy silver coins that have been circulated and aged, or even pristine specimens, independent outlets can be of great value; sources like dealers, brokers, banks and auctions. First, understanding inherent value of a coin's weight in silver (as opposed to face value), age, or coin quality value is essential.
Silver's Spot Price
Check the spot price of an ounce of silver on any given day you hope to buy. It can be found on financial websites and newspaper financial pages. You may also want to follow the spot prices for silver over time (and other precious metals) as an indicator of its overall trending pattern, stability or volatility.
Silver Coin Content
Another element in determining where to buy silver coins is clarifying coin and/or mint tenure of what you want in your collection. Example: Coins minted prior to 1964 were only made of 90% silver while after 1985/86, they were minted with a higher silver content.
Consequently, if your investment plan is to purchase older silver coins, you will need to research what percentage of silver content was required by law for any given year prior to 1985/86. While any American coin minted has a currency face value, the intrinsic metal value will be determined by its content percentage. But equally, the older the coin, the greater the potential value of it depending on actual age and
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About Samantha Samy 
Designer
0 connections, 0 recommendations, 10 honor points.Joined APSense since, July 16th, 2015, From delhi, India.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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