American Silver Eagle Coins - A Smart Investment
American Silver Eagle Coins are one of the most popular and best ways to invest in silver. They also make great keepsakes and gifts. These are considered to be the most beautiful of the silver coins ever minted in the history of United States of America.
Minted since 1986, it is the United State Mint's Dollar coin minted specially for silver bullion for collectors. This paved the way for commercial success of silver and gold bullion coins that were sold to the public. These are deemed as the official silver bullion of the USA because of the purity, content, and actual weight. There are several investors and bullion collectors across the globe interested in the American Silver Eagle coins.
Design of American Silver Eagle Coins:
The silver proof coin has an Adolph A. Weinman's full-length figure of Liberty on its obverse side. The Liberty is enveloped completely in the U.S. Flag with her right hand extended while her left hand holds branches of laurel and oak. The coins reverse side has a heraldic eagle with a shield. The right talon has an olive branch while the left holds arrows. This was specially designed by the United States Mint engraver John Mercanti. This in short portrays the stand of United States over the world conditions.
The U.S. mint restarted issuing Silver Proof Sets in 1992. This continues till date mainly because of its popularity. Silver Proof Set collections are easy to collect is one is planning to start a collection. The specifications indicate that the American Eagle Silver Proof Coin has a purity of 99.9%. The face value of the one ounce coin is 1 dollar. The dimensions are marked at 1.598 inches in diameter. The coin weighs around 1.0000 troy ounces and contains around 0.999 silver troy ounces. These are constant favorites among the collectors and are available in plenty until the next release. 1987 was the first year of mint of a Silver Proof.
Tips for Potential American Silver Eagle Coin Investments:
1. The largest portion of the value in the coin is the silver content, so focus on quanity instead of buying mint condition coins which are graded by PCGS and NGC. These coins will be the backbone of your silver coin portfolio and help you in a better way and this will help you to keep readily liquidated silver bullion coins.
2. If you buy a sealed mint box you may be lucky enough to find some mint condition coins for free, which you may be able to resell for a higher price.
3. Check the date of the coin and see how many were minted in that year. Some coins are given an extra premium due to low availability.
4. Compare the coin's premium over the price of silver. The premium can fluctuate, especially when the coins are in high demand.
The American Silver Eagle is hard to come by and collectors are on constant look out for these coins. No matter how much you invest in American silver eagle coins, it is easy to buy in small or large quantities at a site such as tradeplacer.com to build and fortify your precious metals portfolio.
Is it legal to ship wine in my state?
Each state has different rules for the shipment of wine. While some states allow it and promote it, other states prohibit it. As of May 30, 2010 the following states don't allow shipments:
| Alabama |
| Arkansas |
| Delaware |
| Kentucky |
| Maryland |
| Massachusetts |
| Mississippi |
| Montana |
| New Jersey |
| Oklahoma |
| Pennsylvania |
| Rhode Island |
| South Dakota |
| Utah |
| Vermont |
Gold - is it time to buy, sell, or hold?
The volatile decisive indecision of the markets has made it hard to read - such that even the experts are perplexed as to what the direction of the Dow is. One day up 200, and the next day down 200. While many are ready to jump ship from the general stock market (or already have), those same traders are trying to time the gold and silver markets.
On one hand gold is off its highs of $1250, and in a seasonally weak period. So some are hoping to pick up gold bargains at lower prices. There is also concern that a sharp correction or crash in the stock market could drag precious metals with it.
On the other hand, both gold and silver have held up exceptionally well against any correction causing some investors to buy into any price given a reasonable fear that they could launch higher soon. What if gold never falls below buying targets of $1100 or $1000?
For the long term investor who can't predict the short term swings the answer is simple. Don't buy in a single shot. Spread out orders over a period of time in a pyramid structure. If you buy 100 ounces of silver at 17, plan on buying 200 ounces at 16, and 400 at 15. This strategy will reduce risk, and give you more time to react to unpredictable events.
Is the stock market stable?
Today I watched in awe as the Dow Jones index fell nearly 1000 points in the blink of an eye. This was disturbing to watch, but what was even more disturbing was to watch it proceed to rise 600 points almost as quickly as it fell. The once percieved blue-chip safe index didn't just crash, it traded like an illiquid penny stock. What this proves beyond any doubt is that the US stock markets are unstable, unsafe, and heavily manipulated to benefit Wallstreet insiders.
If you are a professional wall street trader, then perhaps you enjoyed large profits from this volatility. I was able to profit from the fall. However, I believe most people invest in an attempt to find inherit value in something. Millions of people have their pensions, 401ks and other retirement assets put into the stock market. Although the majority of these people probably didn't make a trade, they are putting their trust in a system that may not deserve it.
Interestingly, Gold and silver coins held their value with much less volatility. while the equity markets bounced like a yo-yo gold was up a solid $30 and remained an anchor of value. This is yet another reason to consider trading gold and silver on Tradeplacer.com rather than volatile paper stocks.