Interested in purchasing precious metals to help protect your wealth against devaluation and crashes on the market? If so, then US Mint Silver American Eagles will certainly help to do the trick. These coins are beautiful, contain a full troy ounce of fine silver, and are backed by the United States government.
Ever Wonder How The US Mint Creates Monster Boxes of Silver Eagle Coins?
What You Should Know About Silver Eagles
One of the first things you should know about these 1 oz Silver American Eagle coins minted by the United States Mint is that they do contain one full troy ounce of .999 pure silver. Silver moves inversely to most of the market, meaning that when the stock market plunges, the value of silver (and other precious metals like gold) rises. This helps to prevent your portfolio from being wiped out, hedging you against potential disasters.
Of course, Silver American Eagles are more than just mere metal. If that weren’t the case, you’d be better served by buying silver rounds, as they are usually priced closer to the spot price of silver than Silver Eagles are. These are official coins, and they carry both precious metal value as well as numismatic value. Generally speaking, the older and rarer a Silver Eagle is, the more numismatic value is added to the value of the precious metal in the coin.
For instance, you will pay less for a 2017 Silver American Eagle coin than you would for one minted in 1986, when they first began production. This is because earlier coins are scarcer, and command higher prices. If you’re only interested in the precious metal content of these 1 oz Silver American Eagle coins, then buying newer minted options will be the more affordable option. However, all of them will gain at least some numismatic value over time.
A Work of Art
In addition to being a valuable tool for ensuring financial stability, 1 oz Silver American Eagle coins are also works of art. The obverse of these coins feature the Walking Liberty design of the Saint-Gaudens dollar, with a rising sun at the lower right. Liberty is printed across the top, and In God We Trust appears on the right side, below the Y in Liberty.
At the bottom, you’ll find the mint date. On the reverse side of the coin, you’ll find the eagle as depicted in the Great Seal, clutching an olive branch in one talon and arrows in the other. In its beak, the eagle holds a banner with E Pluribus Unum on it, below 13 stars. United States of America is printed across the top, and at the bottom, you’ll find 1 OZ. FINE SILVER – ONE DOLLAR.
Your Purchasing Options
When you start considering the purchase of Silver Eagles, you’ll have a number of options. Your first decision will involve the mint date. Remember, the older the coin, the higher the price will be over the spot price of silver due to age and scarcity. The newer the coin, the closer to the spot price it will be. However, in no case will you find these 1 oz Silver American Eagle coins for sale at the spot price. The cost of minting and dealer markup will increase that cost. With that being said, SD Bullion guarantees the lowest prices available for our mint condition, un-circulated Silver Eagles. You won’t find a lower price online.
The next decision you’ll need to make will involve whether to purchase the coins in singles, in tubes, or in a “monster box”. Single coins are good purchases for those just starting out, or those just adding a little more diversity to their portfolio. However, tubes of 20 can be excellent investment options, and a full monster box can be ideal if you want to save money by buying in bulk.
At SD Bullion, we pride ourselves not only on the lowest prices guaranteed, but also on ensuring that our customers have a broad selection from which to choose. We offer many mint years available for the Silver American Eagle, but also many other silver coins, from the Canadian Maple Leaf to the Chinese Silver Panda, and everything in between. We also offer silver bullion in rounds and bars if you prefer.