I have been buying silver bullion over the last year and have not bought any branded silver coins because the price of junk silver coins and American Silver Eagles has been so attractive that it did not make any sense to purchase branded coins at the same price. I was able to scoop up Silver American Eagles for $32 each during price dips. This is not to say that I would never purchase branded silver coins. If the price of silver was relatively stable, it would make more sense to purchase these coins because you don’t have to pay the higher premiums that Silver Eagles command.
In many forums on the Internet people ask if they should purchase branded silver bullion coins and the answer is more often than not yes. To me, it really depends on what your exit strategy is. Coins that are minted by the United States government are recognized all over the world and that makes them very liquid. Branded silver coins from well-known companies like Sunshine Mint will not be as easily recognized. Nonetheless, you will not have too much difficulty trading with or selling these coins because money traders always know how to tell if the silver is real or not. Just don’t plan on paying Joe The Plumber with a Sunshine Mint coin for services rendered. He will always recognize Kennedy half dollars, Washington Quarters, and an American Silver Eagle coin.
Branded silver coins are minted by private companies rather than the government. Essentially, you are buying just the value of the silver plus the dealer margin. Unlike government issued coins like the US American Silver Eagle, they do not have a face value. My personal preference is to have a face value on most of my silver holdings. My preference are US Silver Eagles and junk silver coins. However, at the end of the day I am concerned only with value of the silver bullion. Having a “face value” will enable you to trade them for goods and services and get appropriate change back if the US dollar were to cease to exist.
Well Known Branded Silver Coins For Sale
Similar to government issued silver bullion coins, branded silver coins are made to exact specifications. The weights of the coins range from one quarter ounce to 100 ounce. One ounce branded silver rounds are the most popular, which are 99.9% pure. There is no legal tender value assigned by the government. This makes them attractive to investors because they cost less than a Silver American Eagle dollar yet contain the same amount of silver and will theoretically net better profits than the bullion coins.
- Sunshine Mint 1 oz Silver Rounds
- Engelhard 1 oz Silver Rounds
- Amark 1 ounce Silver Rounds
- Johnson Matthey 1 ounce Freedom Freedom Silver Rounds
- Buffalo Indian Head 1 oz. Silver Coin
- Apmex 1 oz Silver Rounds
Why Branded Silver Coins Are A Carefully Guarded Secret To Keeping The Value Of Your Money
When you hold a branded one ounce silver coin in your hand and compare it to the US dollar or the British pound, you know that there is something unique and special about the silver coin. Silver will have value in any place that offers goods and services for sale. It has real value, unlike the US dollar. The US currency is a fiat currency with no underlying value. The average life expectancy for any fiat currency is approximately 27 years. The British pound Sterling is the longest standing fiat currency at 317 years old. When created, the pound was defined as 12 ounces of pure silver. Today, it’s value is just 0.5% of its original value. With a 317 year track record of declining value, would you count on getting all your buying power back on a on a long term deposit? I don’t think so! The US currency is following the same path as the pound. In 1971, “Tricky Dick” Richard Nixon pulled the US dollar off the gold standard. In 2011, one US dollar has the same buying power as 55 cents in 1971! I can remember having handfuls of Kennedy half dollars back in 1971 at the age 10. Inflation is the hidden tax imposed on us by the Federal Reserve. Be your own bank and keep all of your money.
When you buy branded silver coins, purchase nationally recognized brands only. Pay a dollar or two over the spot price of silver to lock in your profits. Acquire silver for liquidity, as a hedge against inflation, and for real money if we have a national or international currency crisis.