As you might already know, investing in silver is a reliable and easy way of investing. However, it’s not quite as simple as just going out and buying all the silver you can find. Silver is actually available in a few different types of bullion, and some can be better than others. If you’re considering investing in silver bullion, make sure to work with a reputable precious metals dealer, such as First National Bullion. Carlsbad collectors should consider the following factors when deciding which type of silver bullion to buy.
These coins are produced by government institutions, such as the US Mint, which makes them a very stable, reliable form of bullion. Thanks to government backing, you can be confident in a coin’s purity and quality. Due to their recognizability, they’re very easy to authenticate and liquidate. The most common option is American Silver Eagles, which are the most trusted form of silver bullion coin around the world.
These are called coins because they’re round and roughly the size of a coin. However, they’re not actually a form of currency, and most don’t have any elaborate imagery on them. Instead, these are just a standard type of silver measurement. Bullion coins usually come in a one-ounce size, though you can also find them in two-ounce, 10-ounce, and 30 gram sizes. They have a purity of around .999 fine to .9999 fine. This type of bullion is desirable because the smaller amounts are easy to liquidate. There’s always a market for silver bullion coins, so you can move them fast when you need cash.
Silver bars are often what people think of when they picture silver bullion. These are rectangular lengths of silver that usually don’t have any intricate designs on them. Silver bars have the same amount of purity as silver coins, but they contain a larger overall amount of silver. Due to their higher value and heavier weight, silver bars can be a little tricky to move. You may need to do research to find dealers who can authenticate and accept this type of bullion. However, silver bars do come with their own perks. They’re easier to store if you want to keep a large amount of silver, and they tend to have slightly lower premiums compared to coins.
This type of bullion might sound unreliable, but it can actually be a very interesting way of investing in silver. Junk silver is the term for US currency that contains a small amount of silver. It’s called junk silver due to its lower purity levels and its aged appearance, but it’s still very valuable. Most junk silver is dimes, quarters, or half dollars issued before 1964. There’s some variation based on the coin and the year, but they typically have a purity level of around 90 percent. This bullion has very low premiums, and another advantage is that it’s easy to authenticate.
When they’re looking for the best place to buy silver bullion, Carlsbad precious metals collectors can rely on the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be a valuable part of your portfolio. Give one of our experienced dealers a call today at (760) 253-8072.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.