Silver Coins for Collecting and Investing

Posted by on October 25, 2011

Welcome to SilverCoins.Ag.  This article is an introduction for the novice collector and investor of silver coins.  If you are thinking of collecting silver coins, investing in silver coins, or want to buy silver coins online, there are three different categories of silver coins to consider:

1)  Numismatic silver coins are ‘rare’ silver coins that collectors deem, for various reasons, to be worth more than there silver content. Over time, these can be the best coins to invest in.

2)   Junk silver coins refer to silver coins minted for currency whose silver content make them more valuable than their ‘numismatic’ value.

3)   Bullion or Rounds are fine (99.9% or.999 to 99.99% or .9999) silver and look like coins. But, since they are not issued as currency, they are not technically "coins".  As far as investing in silver as a precious metal these are the best coins to invest in.

1897-S Morgan Dollar Rare Key Date Uncirculated US Mint Gem PQ Silver Coin MS
1897-S Morgan Dollar Rare Key Date Uncirculated US Mint Gem PQ Silver Coin MS
$95.00
Time Remaining: 29m
Palau 2012 10$ Sacred Art Holy Windows Brasilia Cathedral Brazil 50g Silver Coin
Palau 2012 10$ Sacred Art Holy Windows Brasilia Cathedral Brazil 50g Silver Coin
$81.60 (24 Bids)
Time Remaining: 29m
AMERICAN POSTAL WORKER UNION APWU 25TH ANNIVERSARY SILVER COIN
AMERICAN POSTAL WORKER UNION APWU 25TH ANNIVERSARY SILVER COIN
$49.99
Time Remaining: 30m
Mexico 2012 5,10,15 Pesos Chichen Itza total 10 Oz Silver Proof Coin Set RARE!!!
Mexico 2012 5,10,15 Pesos Chichen Itza total 10 Oz Silver Proof Coin Set RARE!!!
$597.00 (32 Bids)
Time Remaining: 30m
Niue 2010 2011 $1 Alphonse Mucha Zodiac Series 12x 28.28g Silver Proof Coin Set
Niue 2010 2011 $1 Alphonse Mucha Zodiac Series 12x 28.28g Silver Proof Coin Set
$810.00 (42 Bids)
Time Remaining: 30m
2016 5oz Silver Libertad BU  *Treasure Coin of Mexico™* in a plastic capsule
2016 5oz Silver Libertad BU *Treasure Coin of Mexico™* in a plastic capsule
$124.50 (7 Bids)
Time Remaining: 30m
1878 P 8TF ~**HIGHER GRADE**~ Silver Morgan Dollar Rare US Old Antique Coin #47F
1878 P 8TF ~**HIGHER GRADE**~ Silver Morgan Dollar Rare US Old Antique Coin #47F
$84.95
Time Remaining: 30m
1904-O Morgan Silver Dollar Circulated Better Date Coin Lower Mintage SCARCE
1904-O Morgan Silver Dollar Circulated Better Date Coin Lower Mintage SCARCE
$18.38 (8 Bids)
Time Remaining: 30m
2013 Tokelau INFINITY SNAKE Lunar Year Coin -2 Oz Silver .999 $10 Bullion
2013 Tokelau INFINITY SNAKE Lunar Year Coin -2 Oz Silver .999 $10 Bullion
$43.00 (5 Bids)
Time Remaining: 30m

Numismatic Silver Coins

1885-O Morgan Silver Dollar

1885-O Morgan Silver Dollar

 

Numismatic coins have a long history.  Caesar Augustus was known to have given various old and foreign coins as gifts.  Petrarch, a 14th Century Italian scholar would be asked by vine diggers to buy old coins or identify the nobles on the old coins they had dug up.  Numismatics was considered to be the “Hobby of Kings”.  In 1355 Petrarch gave Emperor Charles IV a collection of Roman coins.  One of the first books on numismatic coins was ‘De Asse et Partibus’ published in 1514 by Guillaume.

Junk Silver Coins

Examples of Junk Silver Coins

Examples of Junk Silver Coins

 

Silver coins minted for circulating currency are not pure silver.  In general silver is considered to be too soft to for functional items.  Sterling silver is an alloy, usually silver and copper, with a minimum of 92.5% silver by weight to be considered ‘sterling silver’.  Most US silver coins minted before 1964 are 90% silver by weight and are either ‘numismatic’ or ‘junk’ silver coins.

Silver coins which had been minted for use as currency will never fall below their stated value i.e. a silver dollar is worth $1.00, a dime $0.10, etc… and they spend as such.  However when sold as collectible,  The silver content (which is subject to current market price) is compared to its market value which is based on what other collectors are currently willing to pay for it.  This separates “Junk” silver coins from “Numismatic” silver coins.  A numismatic silver coin’s value depends on many factors some of which are: when and where they were minted, and the condition of the silver coin.   Some of the more popular US silver coins are the Morgan Dollar and the Mercury Head Dime.

Silver Bullion Coins

Proof version of a Silver American Eagle BULLION silver coin.

Proof version of a Silver American Eagle BULLION silver coin.

 

Silver coins which are called ‘bullion’ or ‘rounds’ are of the purest of silver 99.9% to 99.99% by weight or '.999' to ‘.9999’ and often called ‘fine’ silver.  There are a wide variety of commemorative silver coins issued for the collectors as numismatic coins.  These are priced above current silver prices in order to raise funds and awareness for a specific purpose.  For example the United States has released a 2011 Medal of Honor commemorative silver dollar.  It has a surcharge of $10 for each coin sold which is given to the Congressional Medal of Honor Foundation.

Then there are those sold and traded as a precious metals investment and are subject to the current market value of the metal.  Many countries issue these silver coins for investors: the United States has a 1oz Silver Eagles (this is also a true one dollar coin besides being sold for a silver investment); Canada has a 1oz Canadian Maple Leaf; Austria has a 1oz Philharmonic round; China with a 1 oz Chinese Lunar Series; Australia has 1oz Kookaburra,… there is a wide variety of weights and designs from these and other countries.

-Stephen Halkovic

Silver Coin Pricing Guide, 1800-2000: A Reference for Buying and Selling 19th and 20th Century World Coins on eBay, Websites and at Coin Shows
Silver Coin Pricing Guide, 1800-2000: A Reference for Buying and Selling 19th and 20th Century World Coins on eBay, Websites and at Coin Shows
List Price: $7.95
Sale Price: $5.17
You save: $2.78 (35%)
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Collecting Coins
Collecting Coins
Sale Price: $100.30
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The Last 90 Percent Silver United States Coins - A Buying and Selling Guide (U.S. Silver Coin Series Book 1)
The Last 90 Percent Silver United States Coins - A Buying and Selling Guide (U.S. Silver Coin Series Book 1)
A Guide Book Of Morgan Silver Dollars: A Complete History and Price Guide (The Official Red Book)
A Guide Book Of Morgan Silver Dollars: A Complete History and Price Guide (The Official Red Book)
Sale Price: $31.01
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American Gold and Silver: U.S. Mint Collector and Investor Coins and Medals, Bicentennial to Date
American Gold and Silver: U.S. Mint Collector and Investor Coins and Medals, Bicentennial to Date
List Price: $29.95
Sale Price: $17.40
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Coin Hunting Made Easy: Finding Silver, Gold and Other Rare Valuable Coins for Profit and Fun
Coin Hunting Made Easy: Finding Silver, Gold and Other Rare Valuable Coins for Profit and Fun
List Price: $9.99
Sale Price: $7.18
You save: $2.81 (28%)
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