The white precious metal silver is a wonderful investment. Are you planning to buy silver coins? Great! We’ve rounded up the top five silver coins for you.
Why invest in silver coins?
Silver coins have plenty of benefits, and investors gain by buying the metal.
#Tangible Asset: Unlike paper or digital forms, silver coins are tangible and can be held in our hands.
#Highly Liquid: Silver coins are in great demand, especially at times of crisis and can be sold virtually anywhere in the world.
#No Possibility of Hacking or Getting Erased: Silver coins are not in digital form, and hence they cannot be hacked or erased.
Let’s look at the most popular sovereign silver coins in the world. The coins contain one ounce of silver, and the content and purity are stated on the coin. Apart from this, all are guaranteed by a government and considered legal tender in the issue.
# 1 oz American Silver Eagle
Face value: $1
Purity: .999
Backed by: United States government
Designer: Adolph A. Weinman
Ships in multiples of 20 coins per tube (and can also be purchased individually)
Distinction: Most popular silver coin in the world.
# 1 oz Austrian Silver Philharmonic Coin
Face value: $1.50
Purity: .999
Backed by: Republic of Austria
Designer: Thomas Pesendorfer
Ships in multiples of 20 coins per tube (and can also be purchased individually)
Distinction: One of the physically widest one-ounce silver coins in production currently.
# 1 oz Canadian Silver Maple Leaf
Face value: $5 Canadian
Purity: .9999
Backed by: Commonwealth of Canada
Obverse Designer: Susanna Blunt
Reverse Designer: Walter Ott
Ships in multiples of 25 coins per tube (and can also be purchased individually)
Distinction: The Royal Canadian Mint’s advanced security measures make this one of the most secure silver coins in the world.
# 1 oz Silver Britannia Coin
Face value: £2
Purity: .999
Backed by: British Government
Designer: Jody Clark
Ships in multiples of 25 coins per tube (and can also be purchased individually)
Distinction: Silver Britannia coins are verified at the centuries-old Trial of the Pyx—where a jury of assayers ensure that newly minted coins conform to requisite standards.
# 1 oz Australian Silver Kangaroo Coin
Face value: $1
Purity: .9999
Backed by: Legal tender as per the Australian Currency Act of 1965.
Designer: Dr Stuart Devlin
Ships in multiples of 25 coins per tube (and also can be purchased individually)
Distinction: The silver Kangaroo is the only sovereign coin available in a “mini” monster box of 250 coins.