Now is the time to buy gold coins but the purchase of silver coins is also recommended, since silver is currently undervalued. Silver American Eagle coins have been struck and sold by the U.S. Mint in bullion and proof versions since 1986. Investors usually select the bullion type, while collectors are drawn to the proof and uncirculated varieties.
Silver American Eagle bullion coins offer a cost-effective and convenient way for investors to own a quantity of physical silver. These coins, along with the gold and silver versions, have become the biggest bullion coin sellers. The Silver American Eagle is the only silver bullion coin with a government guarantee regarding purity and weight. In addition, these are the only silver coins that are permitted in an individual retirement account.
The Silver American Eagle bullion coin has a one dollar face value and contains at least one troy ounce of 99.9 percent pure silver. The price of the coin is based on the market price of silver and a small additional premium designed to cover the costs of minting and distribution. These bullion coins can be purchased from various brokerage, coin, and precious metal companies.
The proof version of the Silver American Eagle is specially minted, sealed in protective plastic, and placed into a velvet case. It has a limited mintage, is sold by the U.S. Mint, and comes with a Certificate of Authenticity and a government guarantee regarding weight, purity, and content. The Silver American Eagle uncirculated coins began production in 2006. These coins contain a mint mark indicating where they were produced and are also sealed and placed in a case.
The uncirculated and proof coins are usually available for purchase directly from the U.S. Mint, though production of each was temporarily suspended due to increased demand for the silver bullion coins. Production will be resumed when sufficient silver bullion supplies are available. These will surely be valuable coins for both collectors and investors to purchase in years to come.
Tags: buy gold coins, collect gold coins, gold coins, Silver American Eagle Coins