WHICH ARE THE BEST SILVER COINS TO BUY?
If you’re looking to diversify your portfolio with some silver coins, there are a variety to choose from. Silver makes a great investment, whether you have a large amount of capital to start with or are looking to start small. It can be hard to know what the best silver coins to invest in are.
Before you buy, it’s important to make sure the coins you’re interested in qualify for a precious metals IRA, if that’s something you’re interested in. Otherwise, many silver coins can be used as legal tender in the country of its minting, or they serve as collector’s items that can be sold.
SILVER AMERICAN EAGLE
The Silver American Eagle is arguably the most popular silver US coin to invest in. It’s the official silver bullion coin of the United States Mint, meaning you can include this investment in your gold IRA.
It weighs one ounce and is made of .999 pure silver and is well-known for its beautiful design, featuring the Walking Liberty engraving on its obverse and an eagle on the reverse. The coin itself has a monetary value of USD $1, but its composition of pure silver makes it worth far more than that inherently.
SILVER CANADIAN MAPLE LEAF
A pure silver bullion coin, the Silver Canadian Maple Leaf is composed of .999 fine silver and weighs one troy ounce. It’s similar to the Silver American Eagle and is worth 5 Canadian dollars. It has additional security features engraved into it, making it a more secure investment than the American Eagle.
The obverse features Elizabeth II, Queen of England, and the reverse is printed with a Canadian Maple Leaf. Like most pure silver coins, the silver in the coin is worth more than the legal tender amount, depending on the current price of silver. It’s able to be included in your gold IRA, so it makes a great long-term investment for retirement.
CHINESE SILVER PANDA
These coins weigh slightly less than one ounce—30 grams to be exact—and have a silver content of .900 fine silver. It can technically be used as currency in China, although it is technically a silver bullion coin. Like many other silver coins, the value of the silver content is worth more than the monetary value.
The obverse features the Temple of Heaven, and the reverse changes yearly, each year featuring a different portrait of a panda. A limited number are printed each year, so the rarity of each design is increased.
1964 KENNEDY HALF DOLLAR
Minted to commemorate President John F. Kennedy, the 1964 Kennedy Half Dollar is 90% silver, differing from current “silver” currency like nickels, dimes, and quarters, which are typically a cupro-nickel alloy. Over 400 million 1964 Kennedy Half Dollars were produced, but they were eventually taken out of circulation.
While this coin cannot be invested in a gold IRA, it makes a great collector’s item that could be sold for a higher value, or as an emergency stash of easily accessible silver you can sell at a moment’s notice.
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