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Friday 2 December 2011

The Facts Of Consideration When Purchasing A Silver Coin

By Elmer Richardson


Usage of silver coins stared before thousands of years in this world. Even today, some early Roman and Greek silver coins are treasured as valuable items by many silver coin collectors around the world. Silver coins are a safe and secure form of investment as the price of silver per gram keeps increasing constantly. Collecting silver coins is a prestigious hobby too.

Modern day silver coin collectors can choose from famous silver coins like the American Silver Eagles, Canadian Silver Maple leaf coins, Australian Kookaburra and the Phoenix Dollar silver coins. These standard silver coins are released by the respective countries which serve as great economies of the world. These exclusive silver coins can be purchased by both collectors as well as common man. They are made of pure silver. Hence there is a constant demand for them and a steady increase in these silver coin prices.

Ancient coins using superior quality silver get very good rate. The price of silver per gram is usually determined based on purity only. These silver coin prices are always high as they are produced out of pure silver without much work on them. There is a guaranteed amount of pure silver present in every quality silver coin like the American Silver Eagle coins. Check the silver coin prices with a numismatist before purchasing them to avoid fakes.

Though silver bullions are taxed, silver coins are not taxed as they are considered as collector's items rather than investment options. Price of silver per gram increases further, when sold as coin sets rather than single coins. Find out a good dealer who will fetch you profitable deals and stick with them. They will help you pay the correct silver coin prices and save you from buying fake ones. Silver coins can be bought directly from the mints itself. So many mints around the world sell both old and new coins.

Whenever you purchase silver coins online, be careful to check the history of the dealer well. Make sure they have a valid contact number and address to approach them if their assistance is necessary. Keep transactions with them only if all the details they provide are satisfactory. Since the price of silver per gram increases very quickly, there are lot of chances for you to get cheated easily.




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