Why Physical Silver Could Be A Solid Investment For You

Often precious metals like silver have been associated with historic events such as the silver rush of 1859 in Nevada, or in some cases old TV shows like the Lone Ranger where silver bullets were used. But while silver bullion such as commemorative silver coins and larger bars have been sought after in collectors guilds, they’ve also started to become talked about on infomercials as a good investment to make. Now investing in silver isn’t quite on the same lines as buying stocks and making big trades before the closing bell, but you never know when buying a few silver coins in colorado may come in handy in the long run because there is some tremendous market value in silver.

Silver Can Be Easier To Liquidate Than Gold

One of the things to note about silver bullion is it’s usually much more affordable than its counterpart gold, though its supply can be much more limited than gold. But as this article explains, the great thing about silver is it has a lot of industrial uses and is always in demand, so chances are pretty good that when you have to sell it either at melt value or auction price you’ll find willing buyers. What you do have to be aware of is that the market price for silver can be much more volatile than gold, so selling it at a time when it’s dropping could mean a big loss if you aren’t careful. The form of silver bullion you have can also matter as you might get better buying prices for rare coins at major auctions.

Silver Bullion You Should Look Out For

Along with knowing why silver is valuable, you should know which kind of coins you should be on the lookout for in case you ever visit a coin shop. The Silver Monthly magazine lists some of these coins as being of great quality and high value for owning:

  • The 1794 Flowing Hair Dollar
  • 1889 Carson City Morgan Silver Dollar
  • 1838 O Capped Bust Half-Dollar
  • 1901 P Morgan Silver Dollar in mint condition

These coins are some of the rarest of the bunch while there are other versions of Morgan Silver Dollars that are worth significantly less. But the bottom line is when searching for coins whether you’re at the dealer’s store or looking online, you want to make sure you are carefully researching what you’re buying so that you’re not overpaying on a not-so-rare silver piece.

The main thing to remember is you shouldn’t liquidate all your investments for silver coins, but owning and storing the right amount could be complimentary for times when they’re in great demand. Just remember that since silver is worth less than gold, you may need to invest a little more in more storage space as well. When buying, always remember to check the seller’s references and see if their customers have gotten quality products from them. Most will have a buy back policy if you change your mind about the product.