What is the best silver coin? What are its properties? Should I purchase it only or should I also consider other types of silver coins? Join me in yet another interesting post in which we shall discuss a topic that is central and key to getting started with investing in silver. Let’s dive into it right away.
Purchasing silver coins can be an awesome approach to investing in precious metals, owing to their intrinsic value as well as their suitability as an alternative to the more expensive precious metals such as gold. The problem is that there are many types of silver and investors are often faced with the question of the most suitable coin for their portfolio.
That can, however, be a hard question to address since this entirely depends on the type of investment one is looking for. We know that silver coins can be traced back to ancient times when civilized communities such as the Greeks used silver coins and their unique types of silver ingots for trade.
In today’s market, you will also find coins known as bullion coins, in addition to the ancient forms of silver. Each of these types has its unique value in the market and attracts different types of buyers and sellers. This means that most silver coins may differ in value.
Top Silver Coins worth purchasing
Best Coin To Purchase in the US – The Silver Eagle
This silver coin is the only silver bullion coin whose weight, content, and purity are guaranteed by the US government. It is produced by the United States mint. Investors who are looking for valuable coins in the US that will not be problematic in the future when the purity is considered usually turn to the Silver Eagle. This coin is actually one of the most iconic assets in the precious metal investment industry, and it regularly sells in tens of millions to American investors and other international consumers.
Best Coin To Purchase in/from Austria – The 1 oz. Silver Austrian Philharmonic Coin
The Austrian Mint commenced the production of Austrian Philharmonics in 2008, after gaining the rights to use Thomas Pesendorfer’s Philharmonic design. It is a classic option for those who are trying to get started with investing in silver all over the world. The design of the Silver Philharmonic features the great organ found in the Musikverein, as well as an assortment of orchestral instruments.
The face value of this coin is 1.50 Euro. The Austrian Mint produced a record 18 million+ silver Philharmonic coins back in 2011 and sold them to customers all over the world. When purchasing this coin, you should consider bulk purchases, since they bring the overall price per coin down significantly.
Best coin to purchase from/in Canada – The 1 oz. Silver Canadian Maple Leaf Coin
The coin is manufactured by the Royal Canadian Mint and happens to be Canada’s most popular export when it comes to silver coin assets. It has a unique and appealing aesthetic that makes not only the Canadians but also the international investors who own it, very proud to possess it. Another reason why this coin is loved is the fact that it is 99.99% fine, while most other silver coins are 99.9% fine. If you are intending to purchase Silver Maple Leaf Coins, then it would be a good idea to consider making a bulk purchase to bring down the premium per oz.
Best Coin to purchase in or from Australia – The 1 oz. Silver Kangaroo
This silver coin was designed by Horst Harne in 1993 and has been one of the Royal Australian Mint’s best-sellers since then. This coin is globally recognized and is a popular asset amongst investors in the commonwealth nations. On the obverse of this coin is an engraved image of Queen Elizabeth II, and on the reverse is a Kangaroo ( the national symbol of Australia). The 1 oz. Silver Kangaroo has a face value of 1 Australian dollar, making it quite affordable for entry-level investors in the precious metal industry.
Best Coin to Purchase in or From the United Kingdom: The 1 oz. Silver Britannia
For about 20 years, the Royal Mint has been manufacturing the 1 oz. Silver Britannia Coin. A commendable thing about the production process of this coin is that it has factored in the evolution of the design of this silver coin. Recently, the design of the silver Britannia has incorporated design and security authentication features, which in one way or another contributed to the addition of value for this coin.
The original design of this coin was created by Philip Nathan in 1987, but it has since then evolved significantly as described above. This silver coin is, as such, a great option for bullion coin stackers.
Best Coin to purchase in/ from Mexico – The 1 oz. Silver Libertad
The Mexica Mint is also popular in the precious metal industry for its manufacture of high premium and beautiful silver coins. As one of the largest silver producers in the entire world, the Mexican government is quite invested in the production of this silver coin and ensures that every piece meets the 0.999 fineness requirement. It is due to this reason that the 1 oz. silver Libertad is a valuable and welcome asset in all corners of the world. The 1 oz. silver Libertad design features:
- The Popocatepetl and Iztaccihuatl volcanoes along with a winged Victoria of Mexican Independence
- The new Mexican Coat of arms that’s surrounded by the previous design.
As you can see from the list above, there are several options for silver investors to consider if they are thinking about adding some silver to their portfolio. If you are new to investing in silver and you have no idea about what it entails, then I would recommend that you get started by reading the articles below:
Frequently Asked Questions on “The best silver coin?”
1. Where can I purchase silver coins?
There are many precious metal dealers from whom you can purchase your preferred silver coins. Most of the dealers have their brick-and-mortar stores as well as e-commerce platforms through which you can place your orders. You can get started by searching for silver coin dealers in your locality, but you should follow that up by doing some background research about the dealers on consumer trust sites, just to ensure that they are selling genuine products and at the best prices.
You can alternatively get started by reading about Gold and silver IRA investment solutions below to see if you will find a company that you like so that you can receive the guidance you need to maneuver this industry.
2. Are silver coins expensive?
Silver coins are generally quite affordable and are perceived as a suitable alternative to gold. Entry-level investors who cannot raise the amount of money needed to invest in gold, platinum, or palladium often turn to silver owing to its affordability. This is not to mean that silver is not valuable. Some financial analysts actually believe that silver is generally underrated and that its price could rise sharply as more people look for a safe haven to protect their wealth from inflation.
3. Can I store my silver coins at home?
Depends. If you are purchasing your coins through a silver IRA, then you cannot store them at home. You are required to hold them in a secure IRS-approved depository that offers insured storage. If you are not purchasing the silver through a silver IRA, then you can hold them in any storage facility that you find convenient, including a safe at your home.
4. Is silver a good investment?
The answer to this question depends on what your investment goals are. In my opinion, however, for those who are looking for ways to diversify their investment portfolios with an asset whose price movements do not correlate to those of paper assets, then silver may be worth looking into.
That will be all for this post on what the best silver coin to invest in is. I hope that you enjoyed the post and that you now know which silver coin may be suitable for your investment needs, based on its properties, and your country of origin. If you have more questions about silver coin investments, do not hesitate to ask me by dropping them in the comments section so that I can respond to you ASAP! You can also share this post with your colleagues since sharing is caring.
I wish you well,
Eric, Investor and Team Member at Gold Retired!