So for just about every pro there is a corresponding con. While reliable and easy to transport, these coins are some of the more widely faked silver bullion. The only thing is you are paying more than you really need to. Have you recently spent time wondering if you're prepared for a market crash? Precious metals act like insurance and US Silver Eagles are a great insurance policy. Over time, small cost-saving make a huge difference because of the power of compounded returns. You just can't ignore the reality that little costs add up and eat at your returns. That's doubly true if they are hoping to make impressive short-term gains by timing the market, i.e. And that usually means buying silver bars. The truth of the matter is that most committed silver investors prefer to go for Good Delivery silver bullion at the cheapest possible premiums over spot. Most silver is sold in bar, coin or "round" form. Here's the catch: you could do the same or better with Silver Maples from the Royal Canadian Mint. The main principle behind this is that by virtue of their national recognition, you can easily sell US Silver Eagles at close to spot anytime. As a Hedge Against Inflation and Market Crashes.Įspecially for US investors looking for an easy way to liquidate small amounts of silver at a time, US Silver Eagles can be a great investment. Many people attribute this to precious metals' function as "real money." So are US Silver Eagles a Good Investment? Yes. A key measure has been their ability to stay extremely liquid while protecting against inflation. Nevertheless, in spite of volatility, the long-term value of precious metals has risen pretty steadily. Many investors find that in focusing on the long-term, you can take advantage of short-term volatility among investor. At the time of writing, an unusually high gold-silver ratio prevails and could lead to at least a 150% long-term increase. Principally, that's because its value per ounce has so much room to grow. While not as scarce as gold, silver is often seen as a more strategic play. Silver's scarcity combined with the lack of other elements sharing its natural properties and psychological appeal makes silver as valuable as it is. From industry to jewellery manufacturing, and investments. Demand for silver comes from a variety of sources. Getting to the bottom of are us silver eagles a good investment really means looking at silver itself. Are US Silver Eagles a Good Investment on Other Grounds?
Moreover, even the Austrian Mint's 1 oz Silver Philharmonic holds a higher value at EUR 1.00. What about the face value of the coin? To be frank, the USD $1.00 face value falls behind the CAD $5.00 that the Silver Maple holds. If you want to buy a 1 oz US Silver Eagle, you are going to pay around 25% more of a premium over spot than a 1 oz Canadian Silver Maple.
Furthermore, the Silver Eagle lacks some of the security features other coins have recently developed.ĭoes it matter? For discerning silver investors, this really doesn't matter too much. That is to say, compared to the Royal Canadian Mint's 99.99% or higher 1 oz Silver Maple, it falls behind. 999 fine silver content is on the low end. Moreover, despite meeting all COMEX and LBMA Good Delivery rules, it's. Despite being struck in the United States, it is not even guaranteed to be North American-mined silver. At the time of writing - and likely for the foreseeable future - the coin has only been struck at the Philadelphia Mint, San Francisco Mint, and West Point Mint (New York).Īs the de facto US Silver coin, it is made to highly exacting standards using 99.9% of higher purity silver.
2021 silver coins for sale full#
The coin's precious metal content is backed by the full weight of the US Mint regardless of where it is produced. Since 1986, the United States Mint has been releasing the 1 oz silver eagle coin. So are US Silver Eagles a good investment? Are US Silver Eagles a Good Investment Because They Are Made Better Than Comparable Coins? Now we want to go after a harder question. Earlier, we said that many Royal Canadian Mint coins are a bad investment compared to bullion. We always ask ourselves how much of a premium over spot we should pay for any particular investment? Living in Canada and the United States, the Royal Canadian Mint's 1 oz Silver Maple and the US Mint's 1 oz Silver Eagle are legion. Silver Eagles Are Part of a Recurring Dilemma for Silver Investors
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