One thing to understand about precious metals especially gold and silver is that when deficits increase, a country’s currency decreases and precious metal values increase. In some countries we are already seeing them go to a precious metals standard where currency is deemed absolutely worthless.
So how do you determine the right silver coin prices for buying and or selling? Well, the biggest factor is determining which type of silver coin you are after. Are you wishing to simply acquire more silver via bullion coins or are you wanting to add in the potential increase in value from purchasing numismatic or collectible coins. A bullion coin is simply worth it’s weight in silver or gold where a collectible coin has an intrinsic value that is affected by, but not totally, the going rate of silver or gold.
A fairly recent preference of coin collectors is getting their coins, even modern issue ones, graded and certified by a third party company. Like the trend in sports cards and other types of cards, getting your coins graded can drastically improve their value. A perfect example is the American Silver Eagle. You can purchase these in bulk for as low as $14-15 (at the time of this writing) however that same coin in a perfectly graded state (Mint State 70) can carry a value as high as $100-$130. Silver coin prices can vary quite a bit if they are graded and certified and the difference between a Mint State 69 and Mint State 70 (perfect) is quite a gap in value.
If you are wanting to hold onto your coins as assets and are looking for the best appreciation, I would recommend looking into purchasing graded and certified coins, even if they are modern day.
Source by Ray Higdon
How Do You Determine Good Silver Coin Prices?
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