4 Best Silver Coin Types To Buy

Above, 2023 Silver Britannia coins. Photo by Armand Vaquer.

Buying precious metals (gold, silver and platinum) can be a great investment that also diversifies one's investment portfolio.

With that in mind, MSN posted an article on the four best silver coin types to buy in order to make money.

They begin with:

Silver coins are highly prized by dealers and collectors — not just because of their silver content, but also because they tend to be scarcer than coins minted with copper, nickel, zinc and other metals. The most valuable silver coins sell for millions of dollars, but even ones worth much less than that can turn a tidy profit.

Finding rare and valuable silver coins outside of dealers and auctions can be a challenge because there aren’t a ton in circulation anymore. The Coinage Act of 1965, signed by President Lyndon Johnson, eliminated 90% silver coins from circulation, according to a blog from ModernCointMart. That law mainly affected U.S. dimes and quarters. Half-dollar coins were still made with 40% silver from 1965 to 1970, but after 1970 no more circulating U.S. coins were made with silver.

You can find still find valuable silver coins on the collectibles market, however, and they might be a good investment. If nothing else, adding silver coins can help diversify your portfolio and give you a hedge against inflation and economic volatility. When spot price eventually rises, provided you have a low dollar cost average regarding your silver stack, you can sell for a profit.

If you are interested in buying silver coins, here are four basic types as listed by the United States Gold Bureau (USGB).

To read more, go here.