Silver Coin And Bullion Collecting and Trading

The collecting of silver coins, as with the investing in silver bullion has become increasingly popular these days, especially amid the reality of an ever contracting economy. Silver, much like gold, is a safe-haven metal. They both tend to track each other’s movement in the market whilst spot prices are in flux.
Most popular to silver coin collectors is the method of purchasing what has become commonly referred to as junk silver bags. The term was established in the 1970s to describe a bag that contained an average mix of circulated silver coins, which is to say there are no rare coins as part of that mix. Dealers know these highly sought after coins move rather quickly.
Bulk buying is the first best means of acquiring cheaper coins. When deciding to purchase silver bullion, it is best advised to research the market extensively with reputable sources to ensure successful investing. Many have speculated that silver is on the horizon to soar in the market even far surpassing the performance that gold has made in recent years. In 2001 silver bullion was trading at about $4.25 an ounce. By 2009, it had soared to $17.30 an ounce and in 2011, the silver bid is at $31.69.

Silver has held man’s interest for thousands of years. With plentiful deposits close to the earth’s surface, it has been a ready material used as jewelry and found in many artifacts through the centuries. It has been found to have been formed into food vessels and was seen to possess mystical properties, but most significantly, it serves as a medium of exchange.

In fact, the U.S. Congress based its currency on the silver dollar in 1792 and continued to be used as the coin of the nation until it was discontinued as of 1965. The 20th century saw the use of silver predominately as an industrial raw material. Currently, in addition to silver’s value as an industrial commodity, it is a precious metal with growing appeal with many countries issuing silver bullion coins. This includes private mints that issue releases in silver bullion.

Despite the fact that silver today has grown scarcer, it is a precious metal that is plentiful while still inexpensive for collectors. The United States, Canada and Mexico currently issue silver bullion coins. The countries that mine the largest amounts of silver directly are the Unite States, Mexico, Chile, Peru, and Australia.

Silver remains a timeless and indispensable precious metal fulfilling the demands of both industrial applications as well as an investment vehicle. Its store of value has been recognized from ancient times right through our modern uses in electronics such as smart phones and high definition televisions to a number of medical applications.

Converting silver bullion to silver coins increases flexibility by allowing for portability of what is then considered rapidly marketable bullion. In the event there is a need, selling part of the silver coins, or dividing them up amongst family is made extremely convenient. This still lends itself to modifying the mix in a portfolio as well. Casting silver bullion into silver coins, bars or rounds is a process of melting down the silver to its purest form which can then be cast or struck onto it’s variety of forms, including ingots. Trading is based on the silver content.

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