Silver American Eagles Hit Record High Sales In January 2013

January of 2013 saw a small growth in the value of silver, around 3.7%. During the same period gold actually dropped by 0.8% but analysts seem to agree that gold will see a steady rise overall. Today silver is at $31.78. You can buy one dollar face value of circulated 90% silver US coins for around $30 including postage. How much you might spend will depend upon where and how you make your purchase as well as your level of knowledge on the subject. But, at the time of this writing I can easily find junk silver coins for that price range even when buying very small quantities at a time. Those who know little about coins and precious metals but who are interested in the idea of collecting are likely to fall victim to the highly over priced “collectable” coins seen in some markets....

Don’t Waste Your Money on Gold and Silver!

We hear a lot about gold and silver these days. If you watch news programs very much at all you will notice that a lot of the sponsors are selling gold and silver. Don’t be duped by these shysters! Gold and silver can be good investments, there’s no doubt about that. But the problem that comes into it, especially for the novice, is that when you buy your gold or silver from these “sponsors” you generally pay a very high premium above the actual metal value of what you are purchasing. Not a wise investment method to say the least. So the news programs and “personalities” advocate the acquisition of gold and silver while their sponsors offer to sell it to you via their easy toll free number. I would say that is a fairly beneficial relationship for both parties....

Rising Silver Prices and US 90% Silver Coins

Back in the “old days” U.S. dollars, halves, quarters and dimes were made of silver. Each one of these silver coins minted before 1965 was made of 90% silver and 10% copper. In 1965 silver was removed from the composition of the dimes and quarters. Half dollars from 1965 to 1970 were minted from 40% silver and 60% copper. Obtaining old US coins is one of the very best ways to grow your silver collection. If you shop around wisely and compare you can get your silver coins very near the actual spot value. I stree “shop around and compare” because there can be huge differences in prices. If one isnt careful it would be easy to pay too much for what you get. 90% silver US coins ~ when you hold these in your hands you are holding REAL money! Silver coins have an intrinsic...

Beware of Premiums on Silver

Silver is a good investment right now, but if you aren’t careful the premium you pay will significantly reduce the return you will see and in some cases the spot price of silver would have to double before you can even break even. The premium is the amount of money you pay that is over and above the spot value of the silver. If you pay $48.00 for a 1 ounce silver round and the spot price is $38.00 you have paid a premium of $10.00 on that ounce. Don’t make the mistake of paying too high a premium when you buy your silver. Last year, when silver was around $18.00 per ounce, you could obtain a roll of average circulated “junk silver” 90% silver dimes ($5.00 face value) for about $70.00. At that price buyers were paying less than $1.75 premium per ounce! That was an exceptional...

Barber Dime

1892–1916 The Barber dime was designed by Charles E. Barber and first minted in 1892. Barber was Chief Engraver of the U.S. Mint at that time. The Barber dime was minted of 90% silver and 10% copper and used the same design as the half dollar and quarter dollar. The Barber dime displays Lady Liberty on the obverse with a Phrygian cap encircled with a laurel wreath and a ribbon. The inscription on the headband reads “LIBERTY”. The reverse was a very simple design consisting of a wreath around the words “One Dime”. Mint marks, if present, appear at the bottom below the ribbon that ties the wreath. Barber Dime Obverse The rarest Barber dime is the 1894-S. Only 24 of these coins were minted and of those only 9 are currently known to still exist. In 2007 an 1894-S Barber...

Silver Spot Value Up Over 200%

Last summer the spot price of silver was floating around $17.00 to $18.00 per ounce. I knew without doubt that silver was headed for a dramatic rise and so I tried to encourage people to invest in it if they were able. Now I think that there may be some folks out there who are regretting that they didn’t take advantage of this opportunity. Today, less than a year later, silver is about $38.00 which is about a 210% increase! Will silver continue to go up? I believe that it will. My own opinion is that silver will pass the $100 per ounce mark in the near future. When? I can only guess but I believe it will be sooner rather than later and would not be surprised to see it within a year. You hear a lot about gold, especially if you watch television news. But could gold give you a 210% increase?...

Collecting British Silver Coins

Collecting old British silver coins can be a great start to any coin collection. These coins are great in many ways – You can learn their history, the coins are collectible and you are also building up a stash of silver. Coin collecting is also an extremely enjoyable hobby that can be enjoyed by the whole family! Of course it stands to reason that the older the coins the more expensive they are going to be to collect. However this hobby is to be enjoyed by everyone and can be done “on the cheap”. If you mainly concentrate on silver coins/shillings from the 1900’s you will easily build your collection. Don’t forget that other people are also into this hobby as well and so as you upgrade your collection you can sell off your surplus coins and make some extra money to put towards...