Engelhard Silver Prospector The First Silver Round

The .999 pure silver Prospector from Engelhard is without question the most well known and trusted silver round ever produced. Most people who collect coins and especially those who are interested in investing in precious metals are familiar with the Engelhard name. “Engelhard” is equivalent to strict standards and high quality. The name gives both buyers and sellers of silver confidence in the silver rounds value – or at the least it will convey more confidence than other silver rounds. In the late 1970s Engelhard, Johnson-Matthey and several other silver refineries started manufacturing silver bullion for sale to investors and collectors. In the beginning it was almost entirely 10 and 100 ounce bars. But soon numerous companies were offering smaller units. Engelhard Silver...

Silver Rounds – What You Should Know

Silver Rounds are actually a type of silver bar. Instead of being rectangular in shape a silver round looks like a large coin. Silver rounds are 99.9% pure silver, which is generally indicated on the piece as “999 Fine Silver”. These round bars are most often available as one troy ounce although in recent years smaller units such as halves and quarters are becoming popular. They have been minted by many different manufacturers. Most notable are Engelhard, APMEX, Disney, Silvertowne. Buying silver rounds is a great way to stock up on the metal at close to spot value. In fact you can buy them for less than a couple dollars or so above silver spot! Because of the low premium (price paid above spot value) this form is silver is often chosen as an alternative to such as the American...

Current Silver Spot Price

Silver spot price have dropped quite a bit since I last posted here. Opinions range from “sell, sell, sell!” to “It’s time to buy!” Some folks lost a lot of value in their portfolio over the past year while others played it better and still came out ahead in the market. To the right you will see a chart with the current silver spot price. The chart is dynamic, which means that it will always update with the current values. Current Silver Spot Price Spot Price Spot Price At the time of this writing silver is bouncing around the $19.20 mark. That is close to half what silver was fetching about a year ago. At these low rates it would be much easier for folks to add some silver to their “portfolio” or “nest egg” than what it was a year ago....

Canadian Silver Maple Leaf

The Canadian Silver Maple Leaf is a one troy ounce (31.1 g of silver) silver bullion coin minted by the Royal Canadian Mint. The silver bullion coins have been issued yearly since 1988. While the U.S. Silver Eagle bears a face value of only $1, the Canadian bullion Silver Maple Leaf shows $5. Regardless of the face value however the coin contains one troy ounce of pure silver making it very unlikely that it will ever trade at face value. Personally I think the practice of placing a face value on these bullion coins is a bit odd. What is the purpose of a face value on a coin other than to reflect, or at least be an index of, its market value? But that is how it is, and it is interesting to note that Canada puts a much higher face value on their silver ounce coins than does the U.S. Canadian...

Junk Silver Prices And Rolls

About two and a half years ago I bought a few rolls of junk silver dimes for around $65 to $70 each including shipping. I shopped around and got them from different online auctions and websites. Even then the prices I found were barely above the spot silver value of the coins at that time. Individual 90% silver dimes were going for 2 to 3 bucks each and generally that was “plus postage”. My intent was to buy full rolls. If I had bought 50 dimes individually at that price I would have paid as much as $200 for a roll instead of $68 total. Junk Silver Can Help When You’re In A Bind 90% Junk Silver Dimes Awhile back we had some unexpected expenses and over a period of time I sold my rolls. The last ones went for $140, and that was ‘wholesale’ at a pawn shop! Now they...

Junk Silver Coins – Should I Invest In It?

The term “junk silver coins” refers to silver US coins minted before 1964 which were actually made up of 90% silver and 10% copper. This included dimes, quarter dollars, half dollars, and dollars as well as some special issue coins. US minted coins are recognized around the world and known for their silver content. This makes them easy to trade on and well trusted. Average circulated 90% silver coins are often sold in $1000.00 face value bags. A quarter bag would be $250.00, a half bag would be $500.00. At the time of this writing junk silver is available for around $24 to $25 per dollar face value when you buy a full bag. The going rate for $1 face value will vary depending upon the quantity you purchase. 90% Junk Silver Coins Bag A full $1000 face value bag  of junk silver coins...

Don’t Get Ripped Off By Silver and Gold Con Men!

Silver and gold are wise additions to your portfolio. Old timers tell us not to put “all our eggs into one basket.” They advise us to diversify and not to “count our chickens before they hatch.” There is generally no disagreement that precious metals should be a part of your portfolio, however, there is a wide range of opinion on how much your portfolio should consist of and of what form. One analyst/adviser may recommend 10% while another may urge 80% or even higher. In fact there are those who say that your portfolio should consist entirely of gold and/or silver. “How much precious metals should be included in your portfolio?” is an important question but is beyond the scope of this article. Today I am writing to warn prospective precious metals buyers...