Purchasing silver as an investment is one of the most smart ideas you can do as an investor. There are many options to chose from as someone who wants to add silver to diversify his/her portfolio. The spot silver these days is above $30 per ounce, though that price has far outreached $50 depending on the day. Regardless, silver prices are increasing with knowing that silver is a highly used precious metal in many industries across the board.
That said, as an American staple coin, the Silver American Eagle Bullion coin is a great choice toward not only diverifying your portolio, but adding some American pride as well. The silver American Eagle bullion coin was first minted in 1986, being finally authorized just a year prior by Congress in 1985. Each Silver Eagle contains .999 pure fine silver, which is considered to be the finest of silver coins ever to be minted and distributed for collection within the United States.
The Silver American Eagle Bullion coin is also known as the first official investment coin offered by the United States. With the national bird being the Eagle being placed on one side along with 13 stars to represent the first 13 colonies, the opposing side is based off of the “Walking Liberty” design from the half dollar that was first minted in 1916 by German-immigrant sculptor Adolph Alexander Weinman.
The Silver American Eagle Bullin coin comes right out of the U.S. Mint’s West Point in New York City. Each coin has a face value of $1 and is guaranteed personal delivery. The Silver American Eagle Bullion coin is one of the easier ways toward starting your silver investment with increments in which you can choose to purchase them in being reasonable. The Silver American Eagle Bullin coin is not only easy to transfer and store, it is one of the most recognized coins in trading today. Not only will it automatically diversify your porfolio with a solid way of storing money for the future, it is a coin that can be passed on from generation to generation. Investing in precious metals in and of itself is a investment strategy that will not stop being successful, but that is also why as an investor you have to do your reasearch and you have to trust the dealer you are purchasing from. Along goes for who you sell to later on. In such a volatile market with scams forming left and right, treat your investment with care.