Friday, January 20, 2006

Silver Coins

Silver coins are a very popular with coin collecting enthusiasts.

There are many different types of silver coins one can collect and which coins you chose will depend on your personal tastes as well as the reasons for collecting. It is a good idea to study the various silver coins available and their specifications before you buy.

Popular silver coins include:

The American Silver Eagle
The Australian Silver Kookaburra
Australian Silver Kangaroos
Australian Chinese Lunar Calendar Series
British Silver Britannia's
Canadian Silver Maple Leaves
Chinese Silver Pandas

All these coins are pure silver refined to 99 percent or better. It is a good idea to purchase proof coins rather than uncirculated, since proof coins retain their mint condition whereas uncirculated can possibility have scuff and other marks on the coins. Proof sets usually come packaged in a special plastic case to protect the surface of the coins. This protection should not be removed as it ensures the quality of the coin is unchanged and also serves as an authentication if the time ever comes to sell the coin.

Steer clear of the early nickels and dimes that contain silver. The silver content is usually never more than 40 percent and are not considered collectors coins anyway.

There are also dealers who will buy your silver coins. Read their terms and conditions before you sell to a dealer. Few of them will purchase coins unseen so you would either have to send the coin in or, at least, provide a decent photo of both sides of the coin including any original packaging if you have it. Get a quote from 2 or more dealers. You might be surprised how they differ and that way you can be sure to get the best price.

Collecting silver coins can be a fascinating as well as a profitable pastime provided one follows some sensible rules.

No comments: