Top 10 Best Silver Coins To Buy
Top 10 Best Silver Coins To Buy
Complete investor's guide to the most sought-after silver coins for investment, liquidity, and portfolio diversification
Introduction
What are the best silver coins to buy if you want to invest in precious metals? There's no simple answer, as there isn't a single best silver coin for investing. Instead, many different types of silver coins can offer outstanding returns if market conditions are right. This is especially true amid economic uncertainty or a full-blown financial crisis.
This comprehensive guide examines the top 10 best silver coins to buy, with an eye toward investment potential, liquidity, and affordability. Whether you're building your first precious metals portfolio or expanding existing gold holdings into silver, understanding these options will help you make informed decisions based on current silver market conditions.
Investment Criteria
The coins featured in this guide are evaluated based on three key factors: investment potential, market liquidity, and affordability. Each offers unique advantages for different investor profiles and market conditions.
Table of Contents
#1American Silver Eagles
If one were to rank the most sought-after silver bullion coins from around the world, the American Silver Eagle would surely reign atop the list. Unlike junk silver coins, each Silver American Eagle coin contains 1 full troy ounce of .999 fine silver.
Government Backing
As the official silver bullion coin of the United States, it has a legal tender face value of $1, distinguishing government-issued coins from privately made silver rounds.
Market Dominance
When the American Silver Eagle debuted in 1986, it quickly emerged as one of the most desirable precious-metal coins and maintains tremendous market share today.
Investment Eligibility
Silver Eagles are eligible for precious metals IRA accounts and other tax-sheltered investment portfolio programs.
Global Recognition
Extraordinarily popular with both American and international investors, providing excellent liquidity in any market condition.
International Competitors
Other pure silver coins that compete with the Silver Eagle on the precious metals market include:
- Austrian Silver Philharmonic
- British Silver Britannia
- Canadian Silver Maple Leaf (.9999 fine silver—highest purity)
- Chinese Silver Panda
- Mexican Silver Libertad
The growing appeal of the coin among diehard numismatists has only further cemented the American Silver Eagle's popularity. It maintains legitimacy as a solid investment vehicle for precious metals speculators seeking exposure to silver price movements.
#2Walking Liberty Half Dollars
Few American coins rise to the level of beauty and general appeal of the Walking Liberty half dollar. Struck from 1916 through 1947, "Walkers" have long held a special place in the heart of numismatists—and they're preferred by silver investors, too.
Investment Categories
In terms of scarcity and overall cost, Walking Liberty half dollars can be subdivided into two categories:
- Pre-1934 Issues: Routinely scarce coins worth huge premiums over melt even in lowest grades
- Post-1933 Issues: Much more common and purchasable at prices closer to melt values in lower grades
Due to their numismatic collectability and huge demand even from non-collectors, Walking Liberty half dollars provide silver investors excellent value and increased liquidity, with an opportunity for collector value as well.
#3Mercury Dimes
Struck from 1916 through 1945, the Mercury dime is a 90% silver coin. It has long been popular among precious metals investors. Like so many of the 90% circulating coins of the 20th century, Mercury silver dimes offer sellers a two-fold marketplace.
Dual Market Appeal
Provides both bullion investment value and numismatic collectability, offering multiple exit strategies for investors.
Series Highlights
The Mercury dime series boasts one major key date, a few semi-keys, and a handful of notable varieties for collectors.
Affordability
Most Mercury dimes are extremely affordable and can be obtained from local dealers near their melt values.
Junk Silver Category
Part of the popular 90% silver coin category favored by investors for its recognizability and fractional sizes.
#41946–1964 Roosevelt Dimes
The Roosevelt dime replaced the Mercury dime in 1946. For the first 18 years of its existence, it was a 90% silver coin. Unlike the Mercury dime series, there are no expensive keys among the silver Roosevelt dimes of 1946 through 1964.
Investor Advantages
There are, however, a few issues that become tough in the MS65 range and better. Investors can avoid any concerns over paying hefty numismatic premiums if they stick to the "Average Circulated" Roosevelt dimes.
- Near Melt Value: Obtainable close to current silver prices
- Pure Metal Play: You're essentially paying only for the silver content
- Fractional Silver: Smaller denominations perfect for flexible transactions
- No Premium Risk: Minimal collectible premiums to worry about
These are the pieces that are obtainable near melt value. In other words, you're really only paying for the metal content with these so-called "junk silver dimes."
#51932–1964 Washington Quarters
For the first 33 years of the series run, the Washington quarter was a 90% silver circulating coin. Save for a small handful of early dates, most of the silver Washington quarters are common dates.
They are readily obtainable near melt value, so they can be had at minimal outlay over bullion prices. Yet, as with so many mid-century United States silver coinage, there's a built-in collector market.
Liquidity Advantage
Those who wish to sell their silver quarters should have little difficulty finding eager buyers either in the precious metals or numismatic marketplaces. This dual market appeal provides excellent liquidity for investors.
#61964 Kennedy Half Dollars
The world was in shock when young President John F. Kennedy was assassinated on November 22, 1963. Official calls to honor the fallen commander-in-chief on a United States coin came within hours of the president's death. Within weeks, the Kennedy half dollar was authorized by Congress.
Historical Significance and Market Appeal
The Kennedy half dollar was unveiled in spring 1964. Tens of millions of people rushed to banks to buy the new 90% silver coins. Decades later, the 1964 Kennedy half dollar remains popular both with numismatists and the general public.
- Historical Premium: Commemorates a pivotal moment in American history
- Popular Recognition: Known and sought after by collectors and non-collectors alike
- Melt Value Pricing: Can be purchased near current silver spot prices
- Easy Liquidity: Simple to sell due to widespread recognition
Because they can be purchased near melt values, the 1964 Kennedy half dollar is an excellent buy for silver investors who want a coin that's also easy to sell.
#71965–1970 Kennedy Half Dollars
Within a year of the Kennedy half dollar's release in 1964, rising silver bullion prices forced the United States Mint to change the composition of 90% silver circulating coinage. Circulating dimes and quarters lost all their silver content, becoming entirely fiat currency.
Yet the half dollar composition retained a small amount of silver, resulting in a 40% silver-clad format. The 40% silver Kennedy halves were minted from 1965 through 1970.
Common Dates (1965-1969)
Readily obtainable and can be bought near the spot silver price, making them affordable entry points for silver investment.
Key Date (1970-D)
The only business-strike from the series' last year—costs much more than melt value due to its scarcity.
Lower Silver Content
40% silver content keeps these coins affordable even for investors on tight budgets while still providing precious metal exposure.
Recognition Factor
Kennedy half dollar's enduring popularity ensures easy liquidity in both numismatic and bullion markets.
#8Morgan Dollars
The Morgan dollar, struck from 1878 through 1921, is the most popular collectible silver coin. The Morgan is also a major hit with precious metals investors. It's hard to resist these large, heavy silver coins that are now over a century old.
Investment Characteristics
Many dates can be obtained in circulated condition for nominal amounts over spot price. This is undoubtedly the case for many Philadelphia, New Orleans, and San Francisco issues from the 1880s and 1890s, as well as all 1921 Morgan dollars.
- Bulk Trading: Widely traded in rolls and bag quantities
- Crossover Appeal: Unparalleled appeal with collectors and non-collectors
- Liquidity Champion: Always ready and willing buyers regardless of silver market state
- Size Advantage: Large, substantial coins that feel valuable in hand
Inflation Hedge Example
You can clearly see the impact of price inflation with Morgan dollars. When the Federal Reserve was established in 1914, the amount of silver content in a silver dollar was roughly equal to its face value: one dollar. Today, that silver is almost 20x as valuable! Said differently, the dollar has lost almost 95% of its purchasing power against silver over that time period.
That may be one of the biggest things going for this coin: liquidity. No matter the silver market state, there's always a ready and willing buyer for Morgan dollars.
#9Peace Dollars
The Peace dollar followed the Morgan dollar in 1921 and ran until 1935. While Peace dollars don't have quite the immense following their immediate predecessor enjoys in terms of numismatic popularity, they nevertheless enjoy a robust collector market.
Beautiful Design
Peace dollars are hefty silver coins boasting a beautiful likeness of a young Miss Liberty wearing a tiara of rays, with a stately eagle on the reverse.
Timeless Appeal
The eagle perched upon a rock before a sunrise creates a truly timeless design that appeals to collectors and investors alike.
Premium Considerations
Despite the short series run, about half of the issues carry large numismatic premiums, even in circulated grades.
Common Date Strategy
Silver investors will find the lowest premiums for the most common dates: 1922, 1923, 1924, and 1925.
#1040% Silver Eisenhower Dollars
When the Eisenhower dollar debuted in 1971, it became the nation's first dollar coin in 36 years—following the end of the Peace dollar in 1935. The Eisenhower dollar was the nation's first circulating copper-nickel dollar coin.
Collector Versions
Yet the United States Mint also struck collectible versions in a 40% silver-clad format. These were made from 1971 through 1976 as business strikes and proofs.
- Current Availability: Still readily available today in numismatic and bullion marketplaces
- Affordable Premium: Available for relatively little above their spot price
- Budget-Friendly: Lower silver content keeps them affordable even for shoestring budgets
- Popular Design: Eisenhower dollar's enduring popularity ensures easy liquidity
The Eisenhower dollar's enduring popularity gives the 40% silver-clad Ikes a large marketplace, ensuring easy liquidity. Their lower silver content keeps the 40% Eisenhower dollars affordable even for those on shoestring budgets.
Building Your Silver Coin Portfolio
The coins featured in this guide represent the most liquid and investment-worthy silver coins available today. Each offers unique advantages depending on your investment goals, budget, and risk tolerance.
Bullion-Focused Strategy
Emphasize American Silver Eagles and other modern bullion coins for maximum silver content and minimal premiums over spot prices.
Balanced Approach
Combine modern bullion with historic 90% silver coins to balance metal content with potential collector premiums and numismatic upside.
Collector-Investor Hybrid
Focus on historic silver dollars and Walking Liberty halves that offer both precious metal value and significant collector appeal.
Budget-Conscious Plan
Start with 40% silver Kennedy halves and Eisenhower dollars, then gradually add higher-content silver as budget allows.
Diversification Benefits
Consider complementing your silver coin investments with gold bullion for a complete precious metals portfolio. Silver often provides more volatility and potential upside, while gold offers stability and crisis protection.
Whether you're seeking portfolio diversification, inflation protection, or long-term wealth preservation, these ten silver coin categories provide excellent options for building a solid precious metals foundation. Start building your silver collection with any of these proven investment-grade options.