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American Silver Eagle Buying Tips

The American Silver Eagle has become one of the most popular bought and sold coins for investors and collectors alike since its introduction in 1986. If you’re new to investing in precious metals, here are a few things to remember before you begin buying American Silver Eagle coins.

They’re easy to purchase or sell

You shouldn’t worry about not being able to find more American Silver Eagles or sell them at a later time. The distinct design and widespread trading of the coin make them easy to buy or sell from any authorized dealer.

The coin value is symbolic

As with any coin, the face value is basically symbolic. Any precious metal’s value is determined by market rates and premiums, so the value of an American Silver Eagle with a face value of $1 is much higher than the face value itself.

Avoid large premiums

Rare coins might add a unique piece to your collection, but regular bullion coins have a more stable “melt value” which refers to how much your coins would be worth if they were melted down and weighed by the ounce. Be frugal with your investments and make sure there is plenty of standard, no frills bullion included.

Don’t get hung up on purity

Most coins are alloyed with a base metal for strength, and a purer coin does not necessarily equate a more valuable coin. Certain purity requirements may be required if you wish to include a precious metal in an IRA portfolio, which leads us to our next point.

They’re the only silver coin allowed in an IRA

The American Silver Eagle is the only silver coin allowed in an IRA because they are considered investment-grade silver. Many international investment markets will accept them as well, and the IRS exempts them from 1099 reporting.

Always talk through your options when investing in precious metals. We’re here to make sure you have all your questions answered, so feel free to contact us or drop by our Signal Hill, CA store and chat!