Everything You Need to Know About 999 Silver Coins
An example of a 999 silver coin is the Guernsey Eight Double one-ounce fine silver coin. Per Wikipedia, The Bailiwick of Guernsey is a British crown dependency in the English Channel off the coast of Normandy. It has a warm almost temperate climate as is warmed by the gulf stream Guernsey. It has its own mint and produces some very nice gold and silver coins.
Most countries feature the current head of state, but the State of Guernsey uses a Guernesiais motif, hence the ancient seal of King Edward I given to the island in 1279 that is featured on the Doubles. The original seal bore the three lions of England, crowned later to become leopards, surmounted by a branch to represent broom or 'planta genista', Edward's badge of rank. Above the seal was 'Guernesey' in French, the legal and everyday language of the island at that time.
The Eight Doubles is legal tender and first minted in 1830 - it was released periodically until 1966 together with the One, Two and Four Doubles. This is a prime example of a beautiful 999 silver coin.
The term 999 comes from the fact that the coin is 99.9 percent pure silver.
One of the main advantages of fine silver is that it's the best type for storage. Almost all bullion is fine silver because it will take up less space then less pure forms of silver. By contrast 90% junk silver coins take up 10% more space. So buying 999 fine silver can save you money if you are paying for storage space.
Another feature that investors like is how easy it is to keep track of your total silver value. All you need to know is the amount of ounces you have. You can then multiply that number by the spot price of silver to get your total silver value.
Lastly, fine silver is better looking than the alternatives. If you've ever held a new one ounce American Silver Eagle coin then you'll know what we're talking about. Fine silver has a great shine to it. If you mix alloys with the silver then it won't be as shiny. Fine silver will also keep it's look longer because it won't tarnish as quickly as sterling silver.
Clearly, the Guernsey Eight Double one-ounce fine silver coin would make a fine addition for a serious collector.
Remember, “Take care of your money and your money will take care of you.”
We stand ready to serve you - call or email us today to start a conversation.
.png)