American Silver Eagle bullion coins have been popular with investors since the US Mint first began minting these bullion coins in 1986. What helps make American silver eagle coins so attractive is that they are affordable for anyone who wants to indulge in stocking. Remove precious metals. You have the freedom to buy these coins individually or in bulk, and you can buy as many as you want.
An ounce of .999 fine silver in each Silver Eagle coin is also guaranteed by the United States government – a factor that helps add to the popularity of these coins with investors around the world.
Keep reading to learn more about American Silver Eagle bullion coins and how you can start investing in them today.
What are American Silver Eagle Bullion Coins?
Native American Eagle Silver Coin Adolph A. Weinman’s Walking Liberty half dollar which was in circulation from 1916 to 1947. The Lady Liberty, as the coin was also known, is widely considered to be one of the most beautiful coins ever made, and in 2021, the US Mint brought back the coin as part of its 35th anniversary of the American Eagle coin program. .
The American Eagle Silver coin has undergone many different changes over the years. From 1986 to 2021, the rear of the American Silver Eagle depicts a heraldic eagle with a shield, an olive branch in the right palate and arrows in the left, a design created by John Mercanti. Since 2021, the reverse of the official silver bullion coin shows an eagle approaching for the landing, carrying an oak branch as if to attach it to a nest.
What is the difference between American Silver Eagle bullion coins and other types of bullion coins?
The United States Mint produces two series of bullion coins: the American Silver Eagle Series (ASV) and the American Gold Eagle Series (AEG). Both the series feature designs made by renowned artists.
Silver American Eagles are produced in limited quantities each year. They are minted from 999 ounces of silver and contain one troy ounce of pure silver. The ASV was introduced in 1986 and has since become the most popular bullion coin in the US.
American Gold Eagles were first issued in 1988, making them the second oldest bullion coin in circulation. There is one troy ounce in each AGE. 9999 fine gold.
Both series have been affected annually for more than 30 years. Apart from being beautiful investments, both the series also make great gifts for those who love to collect bullion or numismatics.
How does investing in American Silver Eagle bullion coins work?
When it comes to investing in American Proof Silver Eagle, it’s important to realize that they are worth almost as much as the spot price per ounce of silver. In other words, American Eagle’s bullion version of silver (there are collector samples too) will fluctuate in value according to the daily ups and downs of the silver bullion market.
As a result, silver eagle coins are not the kind of coins you buy today, stock for 20 years, and then sell to help pay for your children’s or grandchildren’s college tuition. You can hold an American Eagle for 5 days, 5 weeks, 5 years, or decide never to sell and keep them for a day to display or give to your kids.
When is the best time to buy and sell American Silver Eagle Bullion Coins?
The best time to buy silver eagles is when the price of silver is either going down or going up. The best time to sell American silver eagles is once silver prices have hit a plateau and may go down.
During an active bullion market, some people may sell their US silver eagles within days – hours – of buying.
Of course, no one has a crystal ball as to what bullion prices will be today, tomorrow, next week or next year. Therefore, as with any investment, you need to assess your purchases against what the market is doing, and keep in mind that the price of precious metals, such as Silver Eagle, is affected by many factors, including crude. it occurs. Market.
Whenever you decide to buy silver eagles, your best bet is to purchase them from a coin dealer or bullion coin distributor. There are several American Silver Eagle distributors on the Internet, with Appmex, Monex and Money Metals Exchange being some of the major Silver Eagle sellers in the bullion industry.
How Do I Know the Right American Silver Eagle Bullion Coin to Buy?
Don’t let anyone think you need to buy the latest Silver Eagle to make the “best” investment – the newer in the American Silver Eagle industry really doesn’t get better. The 1986 American Silver Eagles are similar in silver content and quality to the Silver Eagles from this year. Also, unless you are a coin collector, don’t spend your money buying high-priced “proof” American Eagle silver coins. The high value premiums added to Proof coins make them impractical for bullion investors to profit with only in the Silver Eagle market.
How can I include these American Silver Eagle coins in my investment portfolio?
You can help maximize your investment potential by adding American Silver Eagles to your IRA portfolio. A financial advisor can tell you more about how incorporating Silver Eagle and unregulated coins might suit your unique investment circumstances.
It’s important to note that any silver American Eagle coins you want to use as an IRA investment must be stored in an approved depository, which means you can’t keep IRA bullion in your home or bank safe deposit box. can keep. You also cannot put any bullion coins that you already have in an IRA.
While there may be some rules you must follow when putting silver in an IRA, it may be financially appropriate for you to add bullion to your IRA to help diversify your tax-sheltered portfolio, which includes stocks. , bonds and may also be involved. mutual funds.
Where Can I Buy Silver American Eagle Coins in the USA?
If you want to get your hands on some American Silver Eagle coins, there are several different ways you can do so.
There are secondary retailers that specialize in buying and selling coins and precious metals, including American Eagles.
You can also find valuable Silver Eagle coins at local coin shows, antique shows and estate sales.
There are also online retailers such as Money Metals Exchange that allow you to buy, sell and trade precious metals 100% online, including Silver American Eagle coins.
Want to know more about American Silver Eagle bullion coins?
If you’re ready to start investing in or collecting American Silver Eagle coins, you can either visit your local bullion shop that carries American Eagle coins or you can visit an online retailer.