Silver Eagle Bullion Coins Offer The Investor An Asset He Can Trust
Owning precious metals is a very popular investment as we see the demand continually increasing and the value of gold and silver appears to be one of the few things in today's economy that hasn't been a disappointment. Silver Eagle Bullion is found most commonly in the form of coins that are certified by the government as to their purity and weight. Silver Eagles were first released in 1986 through a U.S. government program. They are 99.9% pure with the final .1% being copper. As an investment they are one of the few things considered to be secure.
Before the current form of the Silver Eagle Bullion coins were released if you wanted to invest in silver your only choice was to purchase silver bars or very heavy coins. Naturally the heavy weight made them rather hard for the normal person to purchase and store. The older bars and coins have a very high value today as collectibles. In 1985 the Gold Bullion Act was put in place creating a way for the average investor to have access to silver, gold and today's platinum bullion.
From 1986 to 1991 Silver Eagle Bullion coins were not minted with Arabic numbers. Instead their dates were written in Roman numerals. The designers rationalized that the Roman numerals were a great way to be able to tell the difference between the bullion and a regular coin. In 1992 they decided to change to the Arabic numerals that we have on today's current coins. Native American tribes created their own bullion coins as well. Since Native Americans are sovereign nations they have the right to mint their own coins. They have the same 99.9% purity and depict beautiful unique designs of Indian history and events.
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The face value of every Silver Eagle Bullion coin says one dollar, however, the actual value is much higher and fluctuates on a regular basis. The reason for this is the designation of legal currency. Currency must list the face value to be official legal tender. Originally this was for the purpose of avoiding taxation in trade transactions. Precious metals were highly taxed and legal tender was not. Investing in precious metals is becoming increasingly more popular as investors like the feeling of a tangible asset they can touch and not have to be at the mercy of another Wall Street disaster. |
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