American silver eagle bullion coins have been popular among investors since the U.S. Mint first began striking these bullion coins back in 1986. What helps makes American silver eagle coins so attractive is that they’re affordable for just about anybody who wants to get in on stocking away precious metals. You have the liberty to buy these coins individually or in bulk, and you can purchase virtually as many as you want.
The one ounce of .999 fine silver content in each silver eagle coin is also guaranteed by the United States government – a factor that only helps add to the popularity of these coins for investors around the world.
Keep reading to learn more about American Silver Eagle Bullion Coins and how you can start investing in them today.
What Are American Silver Eagle Bullion Coins?
The original American Eagle Silver Coin was based on Adolph A. Weinman’s Walking Liberty half dollar that was in circulation from 1916 to 1947. Lady Liberty, as the coin was also known, is widely considered one of the most beautiful coins ever minted, and in 2021, the U.S. Mint brought the coin back as part of its 35th anniversary of the American Eagle Coin Program.
The American Eagle Silver coin has had many different variations over the years. From 1986 to 2021, the reverse side of the American Silver Eagle depicted a heraldic eagle with a shield, grasping an olive branch in the right talon and arrows in the left, a design that was created by John Mercanti. Since 2021, the reverse of the official silver bullion coin shows an eagle coming in for a landing, carrying an oak branch as if to add it to a nest.
What’s the Difference Between American Silver Eagle Bullion Coins and Other Types of Bullion Coins?
The United States Mint produces two series of bullion coins: the American Silver Eagle Series (ASV) and the American Gold Eagle Series (AEG). Both series feature designs created by renowned artists.
Silver American Eagles are produced in limited quantities each year. They are minted from.999 ounces of silver and contain one troy ounce of pure silver. The ASV was introduced in 1986 and has since become the most popular bullion coin in the US.
American Gold Eagles were first released in 1988, making them the second-oldest bullion coin in circulation. Each AGE contains one troy ounce of.9999 fine gold.
Both series have been struck annually for over 30 years. In addition to being beautiful investments, both series also make great gifts for anyone who enjoys collecting bullion or numismatics.
How Does Investing in American Silver Eagle Bullion Coins Work?
When it comes to investing in American proof silver eagles, it’s important to realize that they’re worth approximately whatever the spot price of silver is per ounce. In other words, bullion versions of the silver American eagle (there are collector specimens, too) will fluctuate in value according to the daily ebbs and flows of the silver bullion market.
As a result, silver eagle coins aren’t the kinds of coins you buy today, stock away for 20 years, and then sell to help pay for your children’s or grandchildren’s college tuition. You might hold on to an American eagle for 5 days, 5 weeks, 5 years, or decide to never sell and keep them to display or give to your kids one day.
When is the Best Time To Buy and Sell American Silver Eagle Bullion Coins?
The best time to buy silver eagles is when the price of silver appears to have either hit bottom or is poised for an increase. The optimal time to sell American silver eagles is once silver prices look as though they’ve hit a plateau and may be coming down.
During an active bullion market, some people may sell their American silver eagles only days – even hours – after buying them.
Of course, nobody has a crystal ball as to what bullion prices will be later today, tomorrow, next week, or next year. So, as with any investment, you’ll need to gauge your purchase around what the markets appear to be doing, and bear in mind that the price of precious metals, such as silver eagles, are influenced by several factors, including the crude oil market.
Whenever you decide to purchase silver eagles, your best bet is to buy them from a coin dealer or bullion coin distributor. There are many American silver eagle distributors on the Internet, with Apmex, Monex, and Money Metals Exchange being a few of the leading silver eagle sellers in the bullion industry.
How Do I Know the Right American Silver Eagle Bullion Coin to Buy?
Don’t let anybody make you think you need to buy the newest silver eagles for the “best” investment – newer is not really better in the American silver eagle industry. 1986 American silver eagles are the same in silver content and quality as silver eagles from this year. Also, unless you’re a coin collector, don’t spend your money on buying the high-priced “proof” American eagle silver coins. The steep price premiums added to proof coins make them impractical for bullion investors to profit from solely with gains in the silver eagle market.
How Can I Incorporate These American Silver Eagle Coins into My Investment Portfolio?
You can help maximize your investment potential with American silver eagles by including them in your IRA portfolio. A financial advisor can tell you more about how incorporating silver eagle and uncirculated coins may suit your unique investment circumstances.
It’s important to note that any silver American eagle coins you wish to use as IRA investments must be stored at an approved depository, which means you can’t keep IRA bullion in your home or bank safe deposit box. You also can’t put any bullion coins that you already own into an IRA.
While there may be a few rules you’ll have to comply with when putting silver into an IRA, it could financially behoove you to add bullion to your IRA to help diversify your tax-sheltered portfolio, which can also include stocks, bonds, and mutual funds.
Where Do I Buy Silver American Eagle Coins in the United States of America?
If you are looking to get your hands on some American Silver Eagle coins, there are several different ways that you can go about doing this.
There are secondary retailers that specialize in buying and selling coins and precious metals, including American Eagles.
You may also be able to find valuable Silver Eagle coins at local coin shows, antique shows, and estate sales too.
There are also online retailers such as Money Metals Exchange that allow you to buy, sell, and trade precious metals, including Silver American Eagle coins 100% online.
Want To Know More About American Silver Eagle Bullion Coins?
If you are ready to start investing in or collecting American Silver Eagle coins, you can visit either your local bullion shop that carries American Eagle coins or you can visit an online retailer.