One of the most popular silver coins is the 1 oz American Silver Eagle. The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It has a nominal face value of one dollar and is guaranteed to contain 99.9% silver. The front design features Adolph A. Weinman’s “Walking Liberty” and the rear design is a heraldic silver eagle behind a shield, grasping an olive branch in one talon and arrows in the other. It is certified by the US Mint and has been produced at the Philadelphia, San Francisco and West Point mints. Click here first fidelity reserve.
Silver eagles are very popular among investors becoming the best-selling coin in the world and are one of the easiest and most affordable ways to invest in precious metals. As silver prices have risen, so has the value of silver eagle bullion coins. The silver eagles cost more than similar bullion products, but they sell back for more usually having the highest bid price for silver bullion in North America. American silver eagles are minted and guaranteed by the US government and are legal tender at $1 USD. Also, US law allows them to be included in an IRA retirement account. All of these factors make the American silver eagles very attractive to any silver buyer.
There are both advantages and disadvantages to owning American Silver Eagles. Advantages include protecting your savings against a world financial crisis, they have worldwide recognition, are highly liquid and easy to sell. However, while silver will likely never lose its appeal, you can’t sit down at your computer and sell your silver within seconds like you could a normal stock.
Selling the coins will take a bit more effort, but your coins will be most liquid thing out there during times of market stops. Another minor disadvantage to owning silver eagles is securing safe storage of the hard assets which could be a secret hiding place in your home, a home safe or a bank safety deposit box. Long-term, the advantages of owning American Silver Eagles outweigh the disadvantages.