The demand for Silver American Eagles has steadily grown since the national coins’ introduction in 1986, fueled in part by volatile economic and geopolitical events in the past few decades.
Along with gold, silver is considered a safe haven from the unpredictability of stocks, bonds and other paper assets. Gold and Silver American Eagles, in particular, offer the advantage of having their precious metal content and purity guaranteed by the U.S. government.
Silver American Eagle bullion and proof coins
Silver American Eagles generally come in two variants: bullion and proof. In choosing one over the other, you have to consider what your investment objectives are. Do you simply want to purchase coins for their silver content value, or are you looking to invest in collectible coins?
Silver American Eagle bullions are popular among investors because their price closely follows the spot price of silver. While you have to pay a premium over the spot price, this is generally a reasonable amount, making the bullions affordable to many investors.
Proof Silver American Eagles, on the other hand, carry a higher premium than bullions. The main reason for this is the coins’ greater collectible value. It can potentially command a much higher price in the future in the collector’s market.
If you’re looking to buy and sell silver assets based on the movement of silver’s price on the market, then bullion coins would be the better choice.
On the other hand, if your objective is to invest in silver for the long term, then Proof Silver American Eagles promise better returns in the future.
Proof Silver American Eagles as collectibles
American Silver Eagles in any form have numismatic value, as stipulated in the Liberty Coin Act of 1985, which authorized the minting of these coins.
Proof Silver American Eagles, however, have especially been created for the collector’s market. Their collectability comes from the following:
Features of Proof Silver American Eagles
Here are some of the features of Proof Silver American Eagles: