The People's Store Of Wealth Throughout History
For over 2500 years, silver coins were the engine of commerce. While paper money and currency devaluation means that circulating silver coinage is a thing of the past, silver is still a favorite way for ordinary people to preserve wealth and hedge against inflation. While silver may have disappeared from circulation, the public's appetite for the white metal never went away. Today, millions of pure silver coins are sold world-wide every year, by most major national mints.
In Europe, the Silver Britannia from Britain's Royal Mint, and the Silver Philharmonic from Austria may be the most popular. Two of the biggest silver bullion programs are in the Americas – the Silver Maple Leaf from Canada, and the American Silver Eagle from the United States. The Silver Libertad from Mexico is struck at the oldest mint in the Western Hemisphere, and has an enthusiastic following, but is not minted in nearly the numbers of the Maple and Eagle.
The Western Pacific is perhaps home to more popular bullion series than any other place. The Perth Mint of Australia produces the Silver Kookaburra, Koala, and Lunar New Year series, while the New Zealand Mint makes coins for many small Pacific island nations, such as the Fiji Silver Taku. The Peoples Republic of China introduced the concept of bullion coins that change their reverse every year, with the gold and silver Panda coins. Demand for the Silver Panda seems to grow to new records every year.
Anatomy of a Silver Coin
Government Guarantees come in all sizes
Learn the different parts of a coin with this handy infographic. It goes over what makes the obverse and reverse, relief vs. incase devices and what the U.S. requires on all their coins.
Legal tender bullion coins have a face value on them, but this is purely symbolic and comes nowhere near the actual metal value. The denomination is a symbol that the weight and purity of the coin is guaranteed by the issuing government. The obverse, or front of the coin, is the side that has the government's name or symbol on it. Obverse designs include the face of Queen Elizabeth II on British and Commonwealth coins, or that of a President on U.S. coinage. That is why the obverse is known as the “heads” side. The reverse, or “tails” side of a coin is where you find designs that will often change for special occasions. Silver coins can range from 1/2 troy oz to 10 troy oz, with silver bullion 10 kilogram limited edition coins available in the annual Perth Mint Silver Lunar series. While numerous proof and collector coins are released every year, most of the sales are in investment-grade 1 troy ounce silver bullion coins.
How Silver Coins Are Sold
Investment-grade silver bullion coins are the largest segment of the silver coin market. Many buyers purchase them in mint-packed tubes of twenty to twenty-five coins, and some even purchase mint-sealed “monster boxes” of 500 coins. They are only interested in the government-guaranteed silver content. Others enjoy the designs as much as they treasure the bullion, and will buy coins from several different mints to build collections.
Buy Silver Bullion Coins
Hundreds of special proof and collectible silver coin designs are made every year. These can range from new entries in annual series, limited series that may run for only a couple of years, to one-time commemoratives. These coins utilize special minting techniques and may include extra treatments such as embedded gemstones or mint-applied colors. Such coins carry premiums above the regular bullion coins, as a result of both their limited numbers and the expense of the extra work needed to mint them.
Buy Collectible Silver Coins
Those looking for historical value in their silver will gravitate to coins such as the Morgan and Peace silver dollars, minted by the U.S. from the late 1800s to 1932. Others, who prepare for an economic disruption caused by easy money policies and increasing government debt, prefer pre-1965 U.S. dimes, quarters, and half dollars – what is colloquially known as “junk silver”. Gainesville Coins also carries old circulating silver currency from many nations around the globe, from Europe to Latin America, to Asia.
Buy Old Silver Coins
Silver in Self-Directed IRA
You can include precious metals in your retirement plans by opening a self-directed IRA. Uncirculated government-minted silver coins of .999 fineness or better from many countries can be included. Bullion from COMEX, Nymex and LBMA -certified "Good Delivery" companies, and ISO 9001:2008 -certified refiners are also eligible for inclusion in your precious metals IRA. For more information about how to start a new self-directed IRA or roll over an existing IRA, call us at (813) 482-9300
Browse IRA Eligible Silver Coins