American Silver Eagles were first authorized by Congress in the year 1985. In 1986, US Silver Eagles were first minted. This currency is considered to be one of the finest silver minted in the US.
Experts have stated that Silver coins are a worthwhile investment. Eagles have a face value of one US dollar. Due to this, they are an affordable way for beginner investors to get involved with precious metal investing.
As this currency is backed by the US government, it is a sound investment. Investors can purchase this currency in bullion, proof and uncirculated versions. Uncirculated versions are generally only purchased by coin collectors. It is worth noting that the bullion version does not have mint marks.
Those who are considering investing in precious metals should speak to an investment adviser. Financial consultants will be able to discuss the pros and cons of gold and silver investments with beginner investors. Investors can then decide whether or not to buy physical or paper silver.
Buying physical silver will be more difficult than purchasing paper investments. This is because investors will have to track down genuine coins. The best way to do this to research sellers online. Once investors have found a seller, they will need to make sure he or she is reputable. This can be done by reading online reviews written by previous buyers. It is also worthwhile for investors to learn the spot price of silver. Those who have this information are unlikely to overpay for their coins.