Why should I buy Silver as investment?
That question can only be answered by your investment style and beliefs. Due to many factors, including industrial and store of value (investment) demands, the price of silver is notoriously volatile. Like any precious metal, silver affords the owner an opportunity to have physical control over the investment, something that many silver enthusiasts prefer. Because no investment is guaranteed, before making any purchase or sale an investor should research the risks involved and decide whether or not silver is a good choice.
What is a Silver bullion ?
A bullion is a term used to describe precious metals in their bulk form. Bullion metals may be minted into coins or cast into ingots. The best known Silver coins are Canadian Maple Leafs, US silver Eagles, Australian Kookaburras and UK Britannia’s. A Bullion is characterized by its mass and purity rather than face value as money. In fact, a mint bullion coin may have a face value as currency that is far below that of its value as bullion. Or vice versa, the numismatic value of a silver bullion coin may exceed the price of Silver it contains. Many investors prefer rounds over bars because they are minted in the form of a coin and offer greater flexibility when it comes time to sell your silver.
Now, what about a Silver troy ounce?
A troy ounce, abbreviated “ozt”, is a unit of measurement used for silver and other precious medals. A troy ounce (31.1035g) weighs about 10 percent more than the unit of measurement used by most postal or grocery store scales (28.3495g). Therefore why you should not use a “regular” scale to measure the weight of silver.
And what is junk Silver?
“Junk silver” is used to describe Canadian and United States old Silver coins that have no numismatic or aesthetic value. Theses coins still do retain their face value as legal tender, but mainly have a value based on their Silver content. A given Silver investor could choose to purchase junk Silver as the coins are easy to find and purchase. The “junk” term refers only to the fact that the coins are in poor condition. Junk Silver can be purchased in a bulk bag and it’s price calculated by it’s weight.
United States silver coins commonly collected for their silver content include pre-1965 Barber, Mercury and Roosevelt dimes, Standing Liberty and Washington quarters, Walking Liberty, Franklin and Kennedy half dollars, and Morgan and Peace dollars (all 90% silver).
Canadian Silver Dollars, to Silver Half Dollars, Brilliant Uncirculated Canadian Silver Quarters and Dimes minted after 1919 and before 1967 contains 80% of Silver. Those minted in 1919 or earlier are sterling (92.5%) Silver. Therefore Junk Silver is a simple and affordable way to add Silver to your precious metals portfolio !
What is Sterling Silver?
Sterling silver is an alloy of 92.5% silver with 7.5% copper (Also called 925 for it’s millesimal fineness). In North-America to sell as “Silver” it needs to be at least 92.5% of fine silver content . Sterling silver is harder than pure silver and has a lower melting point. Sterling silver jewelry is plated with a thin coat of .999 fine silver to give the item a shiny and “brilliant” finish. This process is called “flashing”.
Keep on reading further on these other Silver FAQ pages: