Top 5 Silver Investment Gifts

Every year many people have a hard time figuring out what to purchase as a gift for their loved ones.  Instead of buying them a gift card, tie, cologne, or jacket, why not buy them something that is going to reap investment rewards?

Silver coin make a great gift and also give the receiver long-term benefits. Before deciding on what type of silver coin you will purchase, it is important to consider the purpose for your purchase. For example, are you buying the coin for a child with the hope of it appreciating in the future so the child can cash it in for a profit? Maybe you are buying a gift for a 40 year old, or a couple in your life who may want to include the coin in their retirement plan. These factors will help guide you in purchasing the best coin.

The great news is there is wide variety of coins to choose from that will fit into any persons pocket book, whether deep or shallow. No matter what coin you choose it will most likely give you investment returns but it is also possible that the value of the coin may drop. Below is a list of 5 great silver investment gifts.

Silver Bullion coins- Silver bullion coins have been very hot lately. In fact, many investors have been stocking up. One silver bullion coin that would make a great gift is the 1 ounce uncirculated silver American Eagle.

This coin is the only silver bullion coin in the world whose weight, content, and purity are guaranteed by the U.S. government. That alone makes it a favored coin over privately minted silver rounds and it also makes the minimal premium that is associated with the American Silver Eagle worth paying for.

American Silver Eagles are unique in that they are instantly recognizable. Also because they are limited in quantity they carry some numismatic value that typically appreciates with age.

Morgan Silver dollars- Morgan Silver Dollars were minted from 1878 to 1904 and again in 1921. They are U.S. government legal-tender coins that have a silver weight of 0.77344 troy ounces. They contain 90% silver and 10% copper. Coins that contain a silver purity level of .999 are generally favored over those coins that have a mixed metal content however; this is not the case for the Morgan Silver dollar because it is so highly recognizable and carries a rarity premium as they are no longer minted.

Modern Commemorative coins- Modern Commemorative coins are an inexpensive and neat gift. The production of Modern Commemorative coins started in the United States in 1982 and continues to be produced today. There is a wide variety of subjects to choose from including the Olympics, athletes, The Statue of Liberty, Presidents, Wars, War Veterans, the military, National Monuments and several more. Modern Commemorative coins typically cost anywhere from $10 to $50. We are carrying for a short time the 25th Anniversary Canadian Silver Maple Leaf.

Slabbed coins- Slabbed coins are 3rd party graded coins that are authenticated and encapsulated in a tamper-evident plastic holder. These 3rd party grading companies include PCGS, NGC, ANACS, and ICG.

It is less expensive to purchase already slabbed coins than it is to submit a coin for grading, which generally costs anywhere from $10 to $30. Some dealers will sell already modern slabbed coins for as cheap as $5.

They generally grade anywhere between MS-64 and MS-66, or Proof 64 to Proof 66. They are beautiful and inexpensive and make a great addition to any United States coin collection. In my opinion it is always better to buy old (pre-1933) slabbed coins than modern issue bullion coins that have been slabbed.

Silver Rounds- Silver rounds contain .999 fine silver and are produced from a variety of manufacturers such as Engelhard, Johnson Matthey, Sunshine Minting, U.S. Assay, and a few others. Rounds are all hallmark-stamped from the company that produced them and the coins purity and silver content are inscribed on them. Silver rounds are a great way to invest in pure silver while avoiding high premiums. Silver rounds are easy to buy, sell, stack and store.

If you need assistance in choosing an appropriate gift, give us a call and we will be happy to help.

About Eric Griffin

Eric Griffin is the President and Co-Founder of Eric has been around the precious metals business since 1995 when his father started a leading nationwide precious metals dealer. While getting a finance degree from Arizona State University he helped his father with operations but decided to go into banking and finance when he graduated in 2002. He soon found his way back to the precious metals industry, and has written commentary, managed precious metals websites and managed clients portfolios for many years before opening GASO. Eric has a strong grasp on economics as well as a deep understanding of the precious metals markets. If you have any comments or questions don’t hesitate to respond to any of his blog post.

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