Silver Coins (modern mint)
Some of the most well-known coins investors buy are modern-minted coins from government mints. Most mass-produced silver coins come in 1-ounce denomination such as the American Silver Eagle, Canadian Silver Maple Leaf, and Vienna Silver Philharmonic; however, certain limited minted coins come in other various sizes. Most government-minted one-ounce silver coins have a legal tender currency denomination: An American Silver Eagle is stamped as $1 USD, a Canadian Silver Maple Leaf, $5 CAD, a Vienna Silver Philharmonic, €1.50 Euro, and a Chinese Silver Panda as 10元 Yuan (RMB). Even though many government mints have declared their one-ounce silver coins legal tender, the value of the coins’ silver content far exceeds the currency denomination.
Most government-issued coins are 99.9% pure silver, a global standard for quality silver coins. Hundreds of private silver refineries are producing one-ounce coins, with most all at least advertised as one troy ounce and 99.9% pure silver. These privately minted silver one-ounce coins are often called “silver rounds”.
In addition to standard, generally one-ounce 99.9% pure silver coins being offered from dozens of government mints, there are thousands of graded or certified silver coins, limited mintage coins, commemorative coins, and specially struck or proof coins. The value of some such coins may have very little to do with the underlying silver market. We have also seen a disturbing trend in the market where some dealers sell clients drastically overpriced coins that can be odd-sized or limited mintage. Many of the coins that are “limited mintage” or “exclusive offering” may cost to a great deal more per ounce to buy, but may not keep any of this value when it comes time to sell the same coins back.
When you work with the silver experts at Midas Gold Group, you never need to worry about being “sold” something that you’re not expecting or don’t understand. Our representatives are never incentivized to sell high margin coins; we will help you chose from the vast array of silver products to find the product that matches your goals and objectives. Most importantly, you won’t be overcharged for something that you don’t understand. There is a good reason why investors trust Midas Gold Group for their silver investments.
- American Silver Eagle
- Canadian Silver Maple Leaf
- Chinese Silver Panda
- South African Silver Krugerrand
- Vienna Silver Philharmonic
- Generic .999 silver rounds