American Silver Eagle coins have been around since 1986. They are highly sought after silver bullion collector coins that are issued by the US mint each year. Each coin contains 1 ounce of silver and is burnished with the text “One Dollar” even though one ounce of silver is way more valuable than a US Dollar. The one dollar value amount is more of a symbol that the coin is technically legal US currency and reminds us of the days when there actually were silver dollars and they were actually worth a dollar. As of writing this article silver is at $42.34 per ounce so American Silver Eagles are almost Silver $50 coins instead of $1.
Why Should I Buy American Silver Eagles?
Silver is a precious metal, like gold and it is in limited supply. This is just like oil. The more people want it the more it costs and it isn’t like we can manufacture more silver there is only a certain amount out there in the world and only a certain amount being mined each year. In fact, the US mint constantly runs out of silver for making coins and collectors go crazy waiting for the next shipment. The value of silver just keeps going up, year after year steadily and surely. If you ever see silver spike up rapidly you should definitely hold off on getting your silver eagles till the market calms down. But as long as the price is steadily rising it is a good sign to buy some silver eagles.
Why Is It A Good Idea To Buy A Silver Eagle Roll?
To get the best price per ounce on American Silver Eagles you should always try to buy in bulk. Generally the biggest quantity that a normal person is willing to spend on silver in a single purchase can be measured in rolls. A Silver Eagle Roll contains 20 American Silver Eagles. At $42.34 per ounce that equals $846.80 per Silver Eagle Roll. You can expect to pay more than this amount if you are buying and would be able to sell them for slightly less. The more you purchase at once the closer you can get to this number. So buy an American Silver Eagle roll is a smart idea because it lowers the margin you have to pay over your coin’s actual value in silver.
So Where Are These Great Silver Eagle Deals You Promised Me?
The best place to buy American Silver Eagle Rolls is from APMEX (American Precious Metal Exchange). They have the hugest stock of every year and you can get the closest price to spot of anywhere. They are very reputable unlike eBay sellers that buy from AMPEX then cherry pick the great ones for grading then sell the knicked up ones for slightly less. To me saving .50 per coin is not worth getting a bunch of second rate coins.