If you are looking into how to buy silver coins, I presume you have already discovered the serious fundamentals that will fuel the coming silver prices explosion, and you have decided buying silver coins is the best way for you to buy silver systematically over time. So, in this article I will explain how to do it from two fundamentally different perspectives. The first perspective of buying silver coins is to purchase mint-quality uncirculated coins. “Mint quality” means the coins have been rated by how perfectly or finely they were created or minted. The highest mint quality you can buy is “MS-70” which means the coin is perfect with no wear whatsoever.
Buying silver coins from this perspective presumes they will be worth more to numismatics (i.e., collectors) as the coins age and become more rare. They are normally sold in a plastic case to protect the coin and to ensure it remains “uncirculated” (untouched by human hands). The future value is driven by a host of factors including the age, fineness, the number of equivalent coins minted that year, availability, demand, and to a lesser degree… the price of silver… when you sell the coin. Mint quality coins are typically expensive (for example, a new, current-year MS70 American Eagle typically costs over $100 in the year it is minted) and are expected to grow in value… sometimes very quickly.
The second perspective is to buy “commodity” silver coins such as unrated American Eagle coins (one of the most popular in the world). I refer to them as “commodity” coins meaning there is a huge supply and they are not singled out by mint-quality ratings. Like mint-quality American Eagle coins, commodity coins are one-ounce, 0.999 pure silver “collector” coins, but they cost much less and more closely track the spot price of silver. Mint quality coins will grow in value as other collectors seek specific coins to complete or complement their collections, but commodity coins will rise dramatically as silver prices rise.
Buying silver coins this way allows you to buy more coins now… which will be very important when the coming silver prices explosion arrives. It has been stated if you have as few as 1,000 American Eagle coins in the next 15 years, you will be absolutely shocked how much they will be worth. To buy these commodity coins, you can simply go to any distributor, or you can buy them over time and earn free silver coins as you go. Buying mint-quality coins is an art that requires a mix of logic, research, and speculation which can be fun, educational, and exciting. Buying silver coins of the commodity genre’ is more a matter of getting as many coins for your money as you can, and then just wait for the coming silver prices explosion. As with anything, there is always more to learn, and the path you take is your choice, but these are two fundamental approaches of how to buy silver coins today.