Tuesday, May 29, 2012

Silver Coins - A Brief History and the Great Investment Potential

"Silver Coins - A Brief History and the Great Investment Potential"," The price of silver has tripled in just the past 5 years and the demand has typically been higher than the supply.
00 per ounce.
 The United States government had, at one time, included these coins in daily commerce.
 But due to scarcity of this metal and high rate the manufacture of such coins was reduced.
 But after that the price of silver started to escalate to a stage where the face value of the coin had become equivalent to the value of silver content used.
29 per ounce.

Silver coins were first made by United States Mint in the year 1794.
 The last silver coin was made in 1964 where it was ninety percent of pure silver and later the manufacturing was discontinued.
 The coins after this year were made of copper-nickel clad.
 If you are very serious for investment then you can look for the coins that were manufactured before 1964 and silver eagles are the best choice to invest.
 These were very pure that had ninety percent silver.

The coins that bear older manufacturing date can be priced for high rates.
 These coins can be sold for hundreds of dollars with more demand.
 The coins that is high in silver content worth higher in rates.

The coins that had face value of $1 can be sold for $5 or $10.
 You can invest in these coins before the demand drives out or the rate reaches beyond the capacity of your pocket.
 The coin may turn black due to its purity.