USA-Silver-Eagles.com

Thousands of years ago, silver coins were among the first coins to be used in trade and for centuries proved to be reliable. Look in any encyclopedia and you’ll find the reasons listed:

• Silver coinage is easily traded.
• They are difficult to counterfeit.
• A silver coin has a certain weight or measure.
• It’s easily transported because it’s not too heavy in comparison to its value.
• Silver bars can be divided into smaller units without destroying its value.
• Silver coins can be melted back into bars without changing weight value.
• Each silver coin type is equivalent to every other silver coin of the same type. Their value is standardized.
• These coins are long lasting, durable, not subject to decay.
• The value is stable and intrinsic.
• Silver has never been a scarce metal… until just recently.

Coins have always been connected to the idea of “money”. You can verify that concept by finding that in language, the words “coin” and ”currency” have the same meaning. However, there are bullion coins and there is fiat money. When the value of a coin is not necessarily gained from it’s metallic weight, it is gained by fiat (government law). Fiat money is like a U.S. penny that has had its copper removed, but the U.S. government still backs it as a full penny. It’s a monetary token, fiat money is.

Bullion coins are coins made from precious metal and kept as an investment, rather than used in day-to-day exchanges. Bullion coins can actually become more valuable with time.

In 1986, under President Ronald Reagan, the United States began to mint American Silver Eagle Dollars and they are bullion coins. Their face value is only $1.00, but they have always been more valuable than the face simply because of their one ounce weight. Month by month and year by year, the value of an ounce of silver varies. Traditionally, American people have collected odd bullion coins as collector’s items for future generations, guarding them carefully in little packages. But when American society begins to sense the advance of out-of-control inflation or coming hard times, the middle class turns to full blown hoarding of silver coins.

Coins, as hard money, are always spendable, even when inflation causes the paper money to be worth next to nothing.

What is the all time most collected coin in America? And why is one coin so popular? Initially the popularity of this coin was ensured because the possession of gold and silver had been outlawed by various governments in 1933. So from 1933 until 1986 when the American Silver Eagle became available, the people were pressing in for it. Demand was high and since the coin’s introduction in 1986, over 70 million American Silver Eagles have been bought by wise collectors and investors. Silver Eagles have become the most popular bullion coin in the world because they are truly beautiful, their quality is excellent and the silver content is guaranteed to be 99.9% by the U.S. Government.

Why does the middle class horde silver coins? Because they’re like poor man’s gold. Silver is always valued less than gold and the middle classes can afford silver far more readily. But nowadays, we must consider several new facts about the value of silver:

• 90% of all the silver that’s been mined in the past 5,000 years has been used up by industry and is gone forever.
• World silver inventories are at the lowest point in 200 years.
• Silver is the best conductor of electricity. It’s an absolute necessity in high tech.

Is the middle class purchasing silver bullion coins in these economically unstable times? Absolutely. The value of silver has risen 61% since January 2009 until the end of October 2009 and people are buying. They are not buying only one coin to pass on to a child, they are buying a few hundred coins to hoarde away for the future when hard silver metal will pay the bills, buy the food, and make investments in the land.

American Silver Eagle bullion coins are not sold directly to the people by the U.S. Mint at this time. Instead, the United States Mint sells the coins through a network of authorized bullion purchasers. These dealers are required to create a two way market, both buying and selling Silver Eagle coins.

Silver Eagles can be purchased through several options. Bulk purchases can be made by buying boxes… boxes containing 25 tubes of 20-coin Silver Eagle rolls. As a bulk method, this usually yields the lowest premium per coin. More commonly coins are purchased by individual 20-coin rolls. Silver Eagles can also be purchased individually. The premiums for purchasing coins individually are generally the highest.

Currently in 2009, the U.S. Mint has stopped producing the uncirculated version of the most popular coin in the world. However, there are several unique online purchasing opportunities, some networking and one affiliate marketing opportunity. These programs allow the common man to drive down the cost of individual coins by encouraging others to purchase. Before this time, nobody has ever thought of selling silver coins on the internet through a simple affiliate program, so there is no competition.

Various modern financial commentators, teachers, and authors like Robert Kiyosaki (Rich Dad, Poor Dad), are saying silver might go to $500 per ounce. Many precious metals experts and investment advisors have come to similar conclusions.  Listen to Peter Schiff when he is interviewed on Fox News or CNN. Ted Butler and Bob Chapman at investment rarities dot com and the interntional forecaster dot com, respectively, are saying precious metals’ prices will be driven to new levels.

Subscribe to Jason Hommel’s Silver Stock Report and read his article Silver’s Supply/Demand Paradox. (Silver price goes down, demand goes up. Silver price goes up, demand goes up!)

This is an excellent time to carry on the middle class tradition of investing in uncirculated silver coins because they are the embodiment of middle class wealth. Safe wealth. Where to buy American Eagle Silver coins.

While slightly on the technical side, facets of the American Silver Eagle specifications are interesting:

• Conditions: The coins has been produced in Uncirculated, Uncirculated Burnished and Proof versionsAvailable Dates: 1986-presentAvailable Mint marks: S (San Francisco), P (Philadelphia) and W (West Point)Diameter: 1.598 inches (40.6mm)Thickness:Uncirculated version, 0.117 inch (2.98mm)Proof version, 0.122 inch (3.10mm)Edge: ReededComposition: 99.9% SilverWeight: 1.0000 troy oz. (31.1g)Content: Silver 0.999 troy oz. (31.072g), balance Copper