| One thing to understand about precious metals | | | | A fairly recent preference of coin collectors is |
| especially gold and silver is that when deficits | | | | getting their coins, even modern issue ones, |
| increase, a country's currency decreases and | | | | graded and certified by a third party company. |
| precious metal values increase. In some countries | | | | Like the trend in sports cards and other types of |
| we are already seeing them go to a precious | | | | cards, getting your coins graded can drastically |
| metals standard where currency is deemed | | | | improve their value. A perfect example is the |
| absolutely worthless. | | | | American Silver Eagle. You can purchase these in |
| So how do you determine the right silver coin | | | | bulk for as low as $14-15 (at the time of this |
| prices for buying and or selling? Well, the biggest | | | | writing) however that same coin in a perfectly |
| factor is determining which type of silver coin you | | | | graded state (Mint State 70) can carry a value as |
| are after. Are you wishing to simply acquire more | | | | high as $100-$130. Silver coin prices can vary quite |
| silver via bullion coins or are you wanting to add in | | | | a bit if they are graded and certified and the |
| the potential increase in value from purchasing | | | | difference between a Mint State 69 and Mint |
| numismatic or collectible coins. A bullion coin is | | | | State 70 (perfect) is quite a gap in value. |
| simply worth it's weight in silver or gold where a | | | | If you are wanting to hold onto your coins as |
| collectible coin has an intrinsic value that is | | | | assets and are looking for the best appreciation, I |
| affected by, but not totally, the going rate of | | | | would recommend looking into purchasing graded |
| silver or gold. | | | | and certified coins, even if they are modern day. |