Buying silver coins can be a really big deal! Well, certainly if you’re just starting out. Looking around online you may have seen lots of coins being sold, but don’t know what to look for. Collecting coins means you need to know what quality you get.

When Buying Silver Coins Look Carefully

These coins can be graded, and are usually labeled on their “mint state”, most often marked as MS followed by a number. MS60 coins are ones with the most defects and damage. Also the cheapest. High-grade coins, in the MS67+ range, are more rare and carry a higher premium. The highest grade coins are MS70 and usually ship in their own plastic protective cases to preserve their perfect condition.

If you really like the idea of owning silver and are set on having it in coins, but don’t care about collector’s worth, buy low grade. These can come in bags as bulk, or singley from a dealer. Keep in mind though that that means you pay for the all the minting and handling of them! Bars or other bullion kinds of investments don’t have any of those features. Coins do have that extra draw though and maybe that’s your thing.

However, if you want to satisfy your collector’s itch, then buying silver coinsin the highest grade should be your focus. Each year mints around the world strike these coins. Canada, Britain, American, and Australia are all common mints seen in circulation. They all carry gradation by third party services and all share the same silver content, usually around 95.8%

My Wife and I

People talk more and more about investing, but many people aren’t sure where to start, or where to even get money. I was in a similar position about a year ago when I first started getting serious about where I want my money to go. I didn’t want it to go to the taxman, I didn’t want it spent on interest payments, and as I found out, I didn’t want it going to the banks either!

So that left investing it. There’s always tons of options, whether you have big money and drive and want to get into real estate, or be a vigilant stock investor. However, the one that’s always had value and draw is precious metal. Silver. Gold. The shiny stuff. Whether it’s in the form of bars or silver coins or gold ones, What most piqued my interest in this is it’s intrisic value. Everyday money hasn’t had an actual value since it went off the gold (or silver) standard more than 30 years ago. Also, and here’s what got ME interested in silver specifically – it’s used industrially.

So while gold was rushed and has been steadily rising since the early 2000′s, silver has fluctuated like always, and has only started a serious price rise in the last two years. Silver is used in the production of instruments, is essential in creating polyester, nuclear reactors, and in a large range of medical uses.

What’s Silver Coins Resource all About?

The point is – it’s being consumed, and as a scarce resource with intrisic value, the price will go up. So now, finally, I decided to share that excitement of being able to invest in something that has value, is pretty (shiny!) and have a legacy to leave behind. Coins in particular interest me because they have that collector’s edge – there are so many of them in the world, and I like being one of the few people to have my hands on silver coins that not everyone can get!