Types of Silver

What Is Silver Bullion

A lot of people who are looking for a safe investment are asking, what is silver bullion? Is silver bullion is a good investment? The truth is that silver bullion is one of the best investments you can make to protect your money. Many financial experts are telling wary investors that if they want to invest safely, they should be buying silver bullion. The demand for silver has been consistently strong for thousands of years. And particularly, in recent years, the demand for silver has been on the rise. Expert market trackers predict the demand for silver only going to increase. Buying silver bullion now will protect your money and give you the peace of mind of knowing your money is safe.

Buying any type of hard asset can be a good investment, but silver bullion is one of the best types of hard assets you can buy. For one thing, there is a very low premium cost associated with silver bullion. The premium on silver that you buy for investment purposes is the cost of manufacturing and distributing whatever you are buying. When you buy investment silver you will pay for the amount of silver you are buying plus a premium cost for the production. Silver items that are ornate or have high production costs, like collectible coins, have a higher premium cost so they cost more to buy. When you are just starting your collection of precious metals, experts agree that a good strategy is to buy several different kinds of silver so that you can create a well-rounded collection that will give you the highest possible return. The different types of silver that you can buy are:

Silver Legal Tender Coins
The best known legal tender silver coins are the US Silver Eagle and the Canadian Maple Leaf coins. These coins hold their value exceptionally well, and are offered by many dealers for very reasonable premiums. Silver legal tender coins are purchased by experienced collectors as well as beginners. If you want to buy and sell silver legal tender coins, make sure that you are up to date on the market prices and trends. However the best time to get started is usually right away since we are in a long-term bull market for silver.

Silver Rounds
Privately minted silver rounds have several advantages over legal tender coins issued by governments. One of the biggest advantages is that silver rounds cost very little to produce so you end up paying a very low premium when you buy silver rounds. That will help protect your money and ensure that your investment holds its value. Silver rounds typically use the same highly pure silver as legal tender coins. They are a great choice for new investors who are just starting to invest in precious metals. This video shows the difference between silver coins and silver rounds.

Junk Silver
Junk silver is the term for pre-1965 US 90% silver coins that are no longer in general circulation but are still legal tender. Most junk silver shows a lot of wear after being in circulation, but that has no impact on the underlying value of the silver itself. The real value of junk silver is the 90% purity of the metal, not the rating put on it by collectors. Junk silver is usually sold in bags of mixed coins. Sorting through the bags can be fun.

Silver Bullion
You don’t have to wonder what is silver bullion and how is it different from other types of silver any longer. Silver bullion is just silver bars that are made from 99.9% pure silver. Each bar is about the size and shape of a king size candy bar, though some are larger and some are smaller. The bars usually have engravings or company logos on them. They are easy to store and have an ultra-low premium price.  Buying silver bullion is one of the best investments you can make, and this is a great time to get started as we are still in the early stages of a long-term bull market.