Silver Coins for Sale
With a rich history dating back to ancient civilizations as money and a store of wealth, silver bullion coins are a popular choice with today’s investors. In addition to an attractive two-way buy/sell market and exceptional customer service, Monex offers everything from $1,000 face value silver coin bags to specialty coins like the Canadian SuperLeaf. Contact one of our Account Representatives and find out more about our top-value offerings, silver coin prices, and how to invest in silver coins today.
Investing in Silver in a Modern World
Investors typically buy silver coins for their profit potential, diversification of portfolios of paper assets, or for survival purposes in case of financial collapse. Many analysts feel that silver, and specifically silver coins, will continue to present an outstanding investment opportunity and Monex prides itself on being known for some of the best silver coin prices in the industry. In addition to making the sale of pre-1965 U.S. silver coins a widely accepted investment to the American public, Monex has made buying and selling coins over the phone the preferred method for serious investors.
In addition to innovative programs, Monex has pioneered unique silver products. In 1982, Monex introduced the Silver Eagles, which became the first private bullion minting project produced at Canada's Royal Mint. Four years later, the U.S. Mint introduced the American Silver Eagle Coins, offering the same .999 fine investment grade purity as an alternative to the 90% junk silver U.S. coin bags.
With billions of dollars in transaction volume, a sizable buy-and-sell market and consistently competitive prices, Monex remains one of America’s preferred sources for buying silver coins.
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What is the advantage of silver coins over bars?
Silver coins are preferred for small to medium size investments in this precious commodity. Investors who prefer keeping their investment at home, rather than in storage at depositories, tend to choose silver coins; while those using bank/depository storage facilities often choose silver bullion bars, gaining the most possible metal for their investment dollar. While coin investment results are nearly the same as bars, holding coins in one’s personal possession offers the advantage of selling the investment without the cost and delay of an assay. Bullion bars outside the trusted professional dealer network are suspect and when selling bars that you’ve had in your possession, an assay is required to verify its weight and fineness.
How do numismatic “rare” silver coins compare to bullion coins?
Silver is a commodity, whose price fluctuates quite freely in a significant and extremely liquid global marketplace. For the most part, silver bullion coins fluctuate according to their intrinsic metal value. Truly rare silver coins fluctuate irrespective of their melt value, and follow supply/demand factors in relation to their collector popularity, scarceness and historical significance.
How do I know a silver coin is authentic?
Monex guarantees the authenticity and fineness of all of its coins. All silver bullion coins from Monex come from the most reliable sources in the industry, and they are all produced and issued by the most respected government mints. In fact, the Royal Canadian Mint has authorized Monex as one of its Bullion DNA dealers to verify the authenticity of gold Maple Leaf coins and silver Maple Leaf coins in just seconds using a laser-marking and precision radial line technology verification system. Silver bullion coins offer the advantage of being uneconomical to forge, in comparison to the other precious metals or high premium rare coins.
Can I have my silver coins stored?
Silver coins have great weight and volume for your investment dollars, which may present a storage challenge. Most people could not carry $25,000 of silver coins without a wheelbarrow, whereas that amount of gold could fit in the palm of your hand. For this reason, investors of silver coins should take into consideration where they will store their purchase, and is why investors purchasing larger quantities of silver tend to use a bank/depository storage facility. The silver coins most preferred for depository storage are the two most popular and liquid coins in the world, the U.S. Silver American Eagle and the Royal Canadian Mint's Silver Maple Leaf.
If you choose to store your silver coins in this way, we will deliver your investment with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers. When your metal is received by the bank/depository, the custodian of the facility will send you a document acknowledging the receipt and your ownership of the silver being stored in your name.
What is the purest silver coin?
As a general rule, if it is over 50% silver, it would be likely referred to as a “silver coin.” Even the 40% silver clad Kennedy half dollars are called silver coins, but if one-tenth of the metal is silver, likely be considered a metal alloy rather than being classified as a true silver coin. The purest silver bullion coin in the world is the Canadian Maple Leaf, a .9999 fine one ounce silver coin. The Canadian Silver Maple Leaf is a $5 legal tender coin minted and issued by the Royal Canadian Mint, which has the reputation for producing the finest bullion coins in the precious metals market.
For investment purposes, a purer bullion coin should theoretically have a higher value, especially in mass liquidation scenarios where there is a surplus of silver coins coming on the market. For durability in commerce, however, a hardening metallic alloy is added to provide strength.
What was the first silver bullion coin for investment?
The Mexican Silver Libertad is considered the first silver bullion coin issued for investment, with over one million, one ounce pieces minted in 1982 and again in 1983. Although they were issued by the Mexican Mint, they did not bear a currency value so they are not technically legal tender coins.
Arguably, the Monex Silver Eagle was tied for first because it was struck in 1982 by Canada's government mint with the Royal Canadian Mint logo affixed and inscribed in both French and English. The first legal tender coin issued for the purpose of silver investing was the U.S. Silver Eagle in 1986, followed by the Canadian Maple Leaf in 1988.
What is junk silver?
United States circulating silver coinage prior to 1965 are .90 fine, meaning they contain 90% silver with the remainder in alloy. For decades, $1,000 face value bags traded widely for their commodity value. Silver bags contain either 2,000 halves, 4,000 quarters or 10,000 dimes, and weigh about 54 pounds with approximately 715 ounces of actual silver.
The term ''junk silver'' was coined and propagated by Harry Browne in his foretelling best seller, "How You Can Profit From The Coming Devaluation" published in 1970. He accurately and convincingly predicted the U.S.A closing its gold window and the personal financial utility of silver coins. In the mid 1970s, the term ''junk silver'' stuck as rare coin dealers found that many of their low-grade common-date U.S. coins had little or no numismatic value as compared to the rising value of silver, and were therefore “JUNK!” and literally thrown in the coin counting hopper.
Now, any silver coinage from any country worth its melt value is broadly referred to as junk silver. Obviously, U.S. 90% silver bags are anything but junk, and have traded anywhere from $10,000.00 to $30,000.00 in the recent past.
What makes up the silver coin market?
The “Silver Coin Market” is comprised of two categories, each with three levels of interaction. Silver coins can be categorized as either bullion/commodity value coins or as coins traded for their numismatic collectible value. These are distinct and separate markets. Each market has their own distinct end investor or collector. Investors of bullion coins and collectors of numismatic silver coins are the foundation for economic demand in the silver coin market.
At the other end of the market activity spectrum is the source of products, which is akin to manufacturing and distribution, and constitutes the foundation for supply. For silver bullion coins, new sources come from government mints and their supply chain, while in numismatics, major supply can come from significant numismatic coin industry re-packaging suppliers or a significant collector's mass liquidation.
The level between is quite varied and the buying, selling, acquiring and liquidating is quite free and global due to the vast liquidity in both numismatic and bullion coin marketplace. The foundation for the liquidity in the marketplace and the efficiency of pricing is largely credited to active players in the coin dealer network.
When did the United States end silver coinage?
The final year that the United States issued silver coinage was the 40% silver Kennedy Half Dollar in 1970. The long history of .90 fine silver halves, quarters and dimes ended classic U.S. 90% silver coinage in 1964. The celebrated American Silver Dollars had long since ended their illustrious monetary history in the silver dollars' final year of issue, 1935. Legal tender U.S. silver coins issued after these dates were not issued as coinage for general circulation, but solely for collector appeal.
What are the best silver coins to invest in?
Typically, investors are interested in silver for its potential to appreciate, and sometimes rapidly. Therefore, if you are looking for the most silver for your silver coin investment dollars, the Royal Canadian Mint's Maple Leaf coins should be the best silver coin in the marketplace. Secondarily, investors appreciate the appeal of coins and, if reasonably priced in comparison, will select coins that best meet their fancy, such as the “Made-in-America” Silver American Eagle or the impressive Canadian “SuperLeaf™ silver maple leaf coin.
How do you buy silver coins?
It is possible to buy silver coins online or with full transactional service over the phone with an experienced representative. For the inexperienced, or someone making for them a serious investment, it would be preferred to take advantage of all the resources of a full service coin dealer. For a short YouTube video on “Buying Silver Coins,” go to: //www.youtube.com/watch?v=HfqMjesb6Kk&t=57s
Where can I find the current value of silver coins?
United States silver dollars, which were issued as currency up to 1935, have nearly 7% per dollar greater silver content than halves, quarters and dimes. Uncirculated Morgan and Peace Dollars contain 24 grams of silver or .7734 troy ounces, which today is worth: $19.57
To gain a trustworthy appraisal of what a silver coin is worth, you must be an expert or take advantage of an experienced silver coin market expert. If you know precisely what the silver coin is, and its precise condition of preservation, you may refer to pricing guides such as Monex Live Prices for the top investor grade bullion coins. Other quality one ounce bullion coins would very likely be worth quite near those prices.