![]() Chinese Silver Panda: 1oz 99.99% silver with 10 Yuan face value.Australian Silver Kangaroo: 1oz 99.99% silver with AU$1 face value.Austrian Silver Philharmonic: 1oz 99.99% silver with €1.50 face value.British Silver Britannia: 1oz 99.99% silver with £1 face value.Canadian Silver Maple: 1oz 99.99% silver with $5 face value.American Silver Eagle: 1oz 99.99% silver with $1 face value.Silver bullion coins from famous mints around the world are recognised globally which makes them easy to sell. An American Silver Eagle for example, is 40.6mm in diameter with a thickness of 2.98mm, while a Canadian Silver Maple measures 38mm in diameter with a thickness of 3.29mm. Silver coins have different physical dimensions depending on their country of origin. Troy ounces are specifically used to measure all precious metals, while regular ounces are meant for normal products such as sugar or salt. ![]() ![]() A troy ounce is different from the regular or avoirdupois ounce which weighs 28.35 grams. When investing in precious metals, please note that one troy ounce is equivalent to 31.07 grams. The Australian Perth Mint has a mega 10-kilo silver coin with a nominal value of AU$300. Other weights include 1/10 oz, ¼ oz, and ½ oz. They are minted in various weights with the most popular and liquid format being the one troy ounce. Silver bullion coins are sold mainly in tubes of 25 coins or as boxes of 500 coins. Bullion coins can also command a 12% to 18% premium over spot to cover the cost of fabrication, transportation, and a small profit for the dealer. For this reason, the melt value of a bullion coin is much higher than its face value. The price of a bullion coin will, therefore, be close to the spot price of silver. Silver bullion coins derive their value purely from the weight and purity of silver they contain. The weight and purity of silver in bullion coins is also guaranteed by law, which makes them a smart option for new investors. Bullion silver coins usually have a date and face value which confers legal tender status in their country of origin. Silver Bullion Coins: These are flat, disc-shaped coins containing 99.99% pure silver which are struck by sovereign mints such as the US Mint, The British Royal Mint, and Canadian Royal Mint among many others. Silver coins are available in four main formats: Silver bullion coins such as American Silver Eagles, Austrian Silver Philharmonics, and Canadian Silver Maples offer real portfolio diversification and potentially lucrative returns on investment.įor an investor looking to enter the silver market, what exactly are investment grade silver coins and which type of coins offer the best investment choices? This chapter explores the various types of silver coins to help you choose the most ideal format for investment. Today, governments, banks and institutional funds invest in silver as a hedge against currency devaluation and general uncertainty. The Spanish Empire, British Empire, and subsequent governments minted silver coins to give traders a portable, finite, and universally accepted form of currency to drive commerce in far-flung corners of the earth. In recent history, mass-circulated coins were made from silver alloys as a guarantee of value and to ensure acceptance. These coins are still highly sought after today as valuable collectables due to their rarity and historical significance. The highly popular Drachma in ancient Greece or the Roman Denarii were treasured as prestigious coins and measures of wealth. This was for the simple reason that traders trusted the intrinsic value of silver in exchange for their hard-earned property. We buy and sell individual coins, coin rolls, and bags of silver in any quantity.Silver coins were the earliest form of mass circulation coinage in the world. Premiums may be lower - compared to other silver bullion products - but junk silver has risen in popularity and scarcity.Ĭameo Coins in Vienna Virginia is an active buyer and seller of all Junk Silver coins serving Northern Virginia, DC and the USA. So, a $1,000 bag of junk silver coins contains 723 troy ounces of. American Silver Eagle bullion coins, junk silver coins contain only 0.72338 troy ounces of. Also, some silver dollars -Morgan and Peace dollars- may also be considered junk but have higher premiums. Some of these silver coins have little or no collectible or numismatic value and are thus referred to as “Junk” Silver coins. Eisenhower Silver Dollars, issued from 1971-S to 1974-S and 1976-S are 40% Silver Clad. Kennedy Half Dollars minted between 1965-1969 and also 1976 were 40% Silver Clad. Dimes, Quarters, and Half Dollar coins were 90% Silver.
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