Silver coins are not only loved by collectors and dealers, but they can also be a great way to invest. Silver tends to be rarer in coins compared to metals like copper or nickel. While some silver coins can sell for millions, even more affordable ones can bring in a nice profit if you know what to look for.
The tricky part is that valuable silver coins are harder to find in everyday circulation. After the Coinage Act of 1965, signed by President Lyndon Johnson, most U.S. coins like dimes and quarters stopped being made with 90% silver. Only half-dollar coins kept some silver until 1970. Today, most U.S. circulating coins have no silver in them.
However, there’s still a strong collectibles market for silver coins, and they can be a smart investment. Adding silver coins to your collection or portfolio can help balance out economic ups and downs. When the price of silver rises, you can sell them for a profit.
Let’s take a look at the four best silver coins to buy if you want to make money:
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1. American Silver Eagle Coin
The American Silver Eagle (ASE) has been around since 1986, and it’s a popular choice for silver investors. These coins contain 0.999 fine silver, making them a top pick for people wanting to invest in silver.
There are three types of ASEs:
- Bullion ASEs: The most common and affordable, used mainly for investment.
- Burnished ASEs: These are rarer, making them more valuable.
- Proof ASEs: The most expensive version, often bought by serious collectors.
You can even include American Silver Eagles in an IRA, which adds to their appeal as an investment.
2. British Silver Britannia Coin
The Silver Britannia is one of the world’s most famous rare silver coins. First minted in 1997 by the UK Royal Mint, these coins are highly sought after by collectors.
From 1998 to 2012, Britannia coins had 0.958 pure silver, but coins from 2013 onwards have 0.999 pure silver. Most versions feature an image of Queen Elizabeth II, but after 2023, they now show King Charles III.
3. 90% ‘Junk’ Silver Coins
“Junk silver” refers to U.S. coins made before 1965 that contain 90% silver. These coins are called “junk” because they usually don’t have much collectible value.
However, because they still have a good amount of silver in them, they can be profitable to sell when the price of silver is high.
You can buy junk silver coins in bulk at a relatively low cost, making it easy to build up a collection of silver.
4. Canadian Silver Maple Leaf Coin
The Canadian Silver Maple Leaf (SML) is another silver coin that collectors love. Minted by the Royal Canadian Mint, these coins are made with 0.9999 fine pure silver.
Like the Silver Britannia, many of the Maple Leafs feature Queen Elizabeth II, but newer coins, released after her passing in 2022, now feature King Charles III.
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Final Thought
Investing in silver coins can be a great way to diversify your collection and make some profit. Whether you’re collecting American Silver Eagles, British Silver Britannias, 90% junk silver coins, or Canadian Maple Leafs, these are all top choices for adding value to your portfolio. Keep an eye on silver prices, and when the time is right, you could see a nice return on your investment.