In 1964, one could take a dime to the store and buy a loaf of bread (if you are old enough to remember). The 90% Silver Bags consist of coins - dimes and quarters - that were once used as money in the United States. There Are More Reasons That 90% Silver Bag Coins Make Sense If they still want to buy the one-ounce American Eagle Silver coins, then at least they have heard what makes more sense for their portfolio first. But every person who calls into a company that wants to buy silver should be educated on what makes the most financial sense. Why aren’t other gold dealers directing clients to what makes the most sense? Sure, a good “salesman” listens to the prospect and then gives him what he wants, just to make a sale. Gold Dealers Need to Do What’s in the Best Interest of Their Client Wouldn’t you prefer to have that extra $6,000 in your pocket? If so, then the 90% silver bags are a superior investment to one-ounce American Eagle Silver coins. I use an investment of $100,000 and show the additional ounces of silver that can be obtained by buying 90% silver bags instead of one-ounce Silver American Eagle coins with this amount. The following table shows the extra premium one pays to acquire American Eagle bullion silver coins through most any gold dealer.
The 90% silver bags have a face amount (value of the quarters and dimes) of $1,000 and contain 715 ounces of silver. The most popular silver coins are the one-ounce American Eagle bullion silver coins and the 90% silver bags of pre-1964 silver quarters and dimes. The best thing to do is to compare the pricing of the two most popular silver coins side by side.Ĭomparing Pricing of the Two Most Popular Silver Coins Paints a Clear Winner The question I ask of buyers is, Why would you want to pay more? Isn’t the goal of acquiring silver to obtain as much as possible of the metal for your Federal Reserve Notes? With certain types of silver coins, you have to pay more to acquire them. The problem is that not all silver purchases are alike. You want to buy silver as close to this price as possible, taking into account there will be fees paid to the dealer for acquiring the silver (shipping, handling, commissions to dealer). For new investors, the “spot price” is simply what the price of silver is at any given moment in time, as priced on the exchange. This means that you want to buy silver as close to the spot price as possible. When making a decision to buy silver, you want to purchase the most silver for your money.
although the Silver Eagles sure are beautiful coins. This may come as a surprise to those who bought one-ounce Silver American Eagles. I point out that when investing in silver, there is one clear winner for coins: 90% silver bags. In my book Buy Gold and Silver Safely, I go into detail about the advantages and disadvantages of owning various gold and silver bullion coins and bars. Mint sales figures show they have already sold over 39 million one-ounce Silver American Eagle coins in 2010, surpassing 2009 sales by over 11 million and 2008 sales by 20 million. Many people want to buy the one-ounce American Eagle Silver bullion coins, but for the life of me I can’t figure out why they want to pay such a high premium for owning them. Silver coins, as will be explained later in the article, can provide the means of profit as well as be used for barter should the economy slip to those depths in the future.ģ9 Million Silver Eagle Coins Bought in 2010 It’s important to understand the advantages and disadvantages of each type of metal you purchase before making the decision to buy.Īdd to this the fact that the price of silver has risen remarkably in the past few years and investors are wondering the best way to take advantage of this price movement.įor this analysis, I have left out any comparisons to silver bars, as I believe investors should own silver coins as a basis for their portfolio.
Financial advisors always compare the advantages of one stock, ETF or mutual fund over another and write articles explaining their position.
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