What are Some of the Most Collectible Silver Coins?
What constitutes a collectible silver coin. It depends to some degree why you are collecting a particular silver coin.
If you are collecting merely for the beauty of the coin, and future investment consideration are of no consequence, then you might just collect those coins that look really nice and are slightly more expensive.
On the other hand, if you are collecting silver coins purely for future investment you might actually be more interested in collecting those silver coins that are expected to appreciate in value over the coming years not just for the silver content.
Alternatively, you might even look at silver bullion in the form of silver bars. Silver bars however can be seen as an investment rather than a hobby and as they are not legal tender in most countries, they can attract tax consequences either at the point of purchase or later when one tries to sell. Additionally, silver bars will only appreciate as a result of the current silver price, whereas the right silver coins can appreciate in value far in excess of the silver content if they are rare and much sought after.
So the reason why you are collecting silver coins is important as it can play a major part in deciding what coins, if any, you collect.
There are some coins that could be considered beautiful and a good buy for the future. Canadian Silver Maples and US Silver Eagles come to mind. Also, The British Britannia and Chinese Pandas are examples of good quality silver coins that have an inherent beauty and are also a good buy for the future.
When it comes to buying a collectible silver coin ensure you know why you are buying the coin. Knowing why you are buying a particular coin will go a long way to making sure you are happy with the purchase.
Remember, "Take care of your money and your money will take care of you."
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