Junk Silver Coins - The Perfect Way to Start Investing in Silver and Gold

Junk Silver coins are the simplest, most affordable and easy way to start investing in precious metals. Many people are interested in adding precious metals, especially gold and silver, to their investment portfolios to obtain greater economic security but lack experience in buying, storing and valuing these assets. What people need is an easy way to learn about precious metals, preferably at little cost, which make junk silver coins the perfect instrument to start your precious metals investment program.

There are three ways most people invest in precious metals, each of which has its own advantages and disadvantages. Two of the methods are based on the stock market with the investor buying, trading and selling share on one of the stock exchanges. These two methods are 1) investing in the stock of gold and silver mining companies and 2) investing in a gold or silver backed exchange traded fund or ETF. Because people are familiar with owning stocks and mutual funds in their investment accounts these two methods are the ones most people use to diversify their investment portfolios.

The third way to invest in precious metals, and in my opinion the best way, is to buy the actual metal in the form of a coin or a bar. This is the least common way people invest in silver and gold, Why? Probably because it is the least familiar way to buy precious metals. Most people have never purchased gold or silver in this fashion and have no idea how to get started. Investing in silver or gold coins is totally unfamiliar to the vast majority of people.

Let’s face it; people don’t like change and the unfamiliar. Most of us like to stick to the familiar and the comfortable, even when we see the advantage in doing something different. This is especially true when it comes to investing in physical gold and silver. We might have the sense that it would be a good idea, but when we call our stockbroker or investment adviser we’re generally steered into a gold mining mutual fund or precious metal exchange traded funds. While there are advantages to owning precious metals in this way there are distinct advantages to holding the physical metal as well.

So the solution is simple. We need to find a way to make buying physical gold and silver so familiar that buying, storing and trading it is within our comfort zone. And the best way to start is with junk silver coins.

Junk silver coins are pre-1965 US dimes, quarters and half-dollars. Prior to 1965 these coins were 90% silver and 10% copper, with $1.40 in face value equal to 1 troy ounce of silver. These coins are plentiful, easy to find and inexpensive. In fact, you can start investing in physical silver for less than $5.00 if you choose.

Where do you find these coins? There are numerous on line sources that sell junk silver coins and almost every city has a coin store within a reasonable distance, but the simplest way to buy your first junk silver coins is to look on eBay, where you’ll find literally thousands of junk silver and gold coins for sale. It’s easy, fun and, once you’ve purchased a silver coin or two, somewhat addictive. Buying and selling coins in this fashion will quickly familiarize you with the gold and silver markets. In a very short while you will find yourself comfortable buying and selling silver and gold.

Source by Steven D Chambers

Junk Silver Coins - The Perfect Way to Start Investing in Silver and Gold