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.

1715000742154040 1 Silver Coins for Collecting and Investing
1921 MORGAN SILVER DOLLAR COIN #9523 $ HI-GRADE$GENUINE US MINT$RARE
$21.05 (7 Bids)
Time Remaining: 30m
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1921 BU UNC MORGAN SILVER DOLLAR #18256 MS++++ COIN US MINT RARE KEY DATE ESTATE
$29.09 (7 Bids)
Time Remaining: 31m
2313629943664040 1 Silver Coins for Collecting and Investing
1962 Silver Proof Roosevelt Dime Showing on the End of 50 Coin Wheat Cen
$7.05 (8 Bids)
Time Remaining: 31m
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Morgan Silver Dollar Coin 1886 Uncirculated
$32.99
Time Remaining: 32m
1715000743804040 1 Silver Coins for Collecting and Investing
1942 LIBERTY WALKING SILVER HALF DOLLAR COIN #1698 $ HI-GRADE$ US MINT$RARE
$9.50 (6 Bids)
Time Remaining: 32m
2011941379584040 1 Silver Coins for Collecting and Investing
1890 MORGAN SILVER DOLLAR #18228 $ HIGH GRADE COIN US MINT RARE KEY DATE ESTATE
$36.00 (4 Bids)
Time Remaining: 34m
2215809669844040 1 Silver Coins for Collecting and Investing
1988 5000 peso mexican silver coin cincuentenario 1938-1988 limited editon
$34.00 (18 Bids)
Time Remaining: 34m
1715000746574040 1 Silver Coins for Collecting and Investing
1886 O MORGAN SILVER DOLLAR COIN #9509 $ HI-GRADE$GENUINE US MINT$RARE KEY DATE
$56.00 (16 Bids)
Time Remaining: 34m
1414381801334040 1 Silver Coins for Collecting and Investing
Very Nice 1885-O Morgan Silver Dollar Coin! Free Shipping!
$23.50 (18 Bids)
Time Remaining: 34m

Numismatic Silver Coins

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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

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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

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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

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Coin Collecting For Dummies
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The Official Blue Book: A Handbook of U.S. Coins 2013 (Handbook of United States Coins (Paper))
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The Official Red Book: A Guide Book of U.S. Coins 2013 (Official Red Book: A Guide Book of United States Coins)
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U.S. Coins Close Up: Tips to Identifying Valuable Types and Varieties
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American Silver Eagles: A Guide to the U.S. Bullion Coin Program, 2nd Edition
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