Silver coin investing is a great way to invest in your money in a low risk product. Silver coins retain their value better than many types of investment products. With the economy still shaky many investors are turning to silver coins as a way to get their feet making investments that are not likely to lose their value. But, it’s important that you do some research and find out what the insiders know about silver coin investing before you jump into the market to make sure that you don’t end up making bad investments. Here are some insider tips to help you make smart investments in silver coins:
Choose wisely – There are many different types of silver coins. Not all coins have the same value and not all coins will retain their value over time. Make sure you look closely at each different type of coin to find the type of silver coin that has the qualities you want before you invest.
Don’t dismiss junk silver – Junk silver is a term used to describe early coins that contain some silver but contain other metals and materials as well. Collectors usually don’t want junk silver so you can pick up junk silver at bargain prices. Junk silver may not have a lot of value for collectors, but it has value for investors because of the silver that’s in it. If you are getting into silver coin investing as an investment and not to start a silver coin collection check out junk silver as a great way to start your portfolio for cheap.
Buy proof coins- If you are going to invest in actual silver coins buy proof coins rather than just uncirculated coins. Uncirculated coins can still have scuffs, nicks, and other marks that can decrease the value of the coin and the value of your investment. Proof coins usually are placed in plastic sheets soon after creation which keeps them in perfect condition.