Welcome To Silver-Coins.com

Silver-Coins.com exists to inform you, the coin collector, about the most revered silver coins of today.

On the pages throughout this website, we provide all of the must-know information behind leading silver coins from around the world. 

From the American Silver Eagle, to the Austrian Silver Philharmonic and more, you’ll discover the amazing history behind each of these breathtaking collector’s coins.

A Brief History Of Silver Coins

Silver coins are perhaps the oldest form of coin in recorded history. Use of silver in coins dates back to ancient Greece and their popular “drachmas”, a collection of six “oboloi”, or metal sticks.  The first currency of modern Greece was known as the Phoenix, a silver coin first issued in 1828 equal in value to the French Franc.

In the late 15th century, silver coins from Germany were referred to as Talers.  The original translation of the word in English was daler, which later became daaler, and finally dollar.  Silver was also a well-used currency with Scotland, England and Spain throughout the1500s and 1600s.  The Spanish produced silver coins from silver found in Central and South America, the most popular being the 8-reales.  In the original 13 colonies of the United States, the 8-reales coin was dubbed a “milled dollar”.  To create smaller denominations, the coin was cut into as few as two and as many as 16 pie-shaped pieces.  From this, the phrase “pieces of eight” was born.

The first U.S. silver dollar was minted in 1794, with a weight and purity that approximated the Spanish 8-reales.  Since then, silver was the primary metal used in many U.S. coins up until 1965, with typical concentrations of 90%. Silver is still used in select U.S. currency, as well as coins and rounds minted throughout the world. 

Bullion coins with diameters between 39mm and 42mm contain 1 troy ounce of pure silver (31.103 grams of 99.9% silver), regardless of purity. A bullion coin is a coin that is valued by its weight in a specific precious metal. The concept of the one ounce bullion coin was to provide an easy way to purchase convenient small quantities of bullion silver in the form of coins.

While many silver coins are marked with a monetary value, they are not intended for use in commerce.  Instead, silver bullion coins are a popular investment, given their ability to maintain and grow intrinsic value.  In addition to investment purposes, silver coins are among the most popular form of collectible currency around the world.

 

Collecting Silver Coins

People have been collecting silver coins for centuries. The motivation for collecting varies, however.  As such, there are five core categories of collectors, as described below.

  1. BulletThe Hobbyist: Interested in collecting silver coins with no intent to sell, most hobbyists collect coins for no reason other than enjoyment.

  2. BulletThe Investor: Investors primarily collect silver coins with the expectation that the value of the coins will increase.

  3. BulletThe Hoarder: While collecting for the sake of long-term profit growth, hoarders are not concerned with the condition of a coin. Instead they are more interested in obtaining coins that have a higher metal value than face value.

  4. BulletThe Speculator: Technically not collectors, speculators tend to purchase coins in bulk with the intent of profiting on a quick sale, either by reselling the coins or melting the coins to sell the bullion.

  5. BulletThe Inheritor: Typically not interested in coins themselves, inheritors acquire coins as part of an inheritance and hold the coins for sentimental value.

Today, many countries around the world produce their own silver bullion coins as a means to attract both collectors and investors. Everything from a coin’s rarity, condition, market demand, and mint production can impact the value of a silver coins. 

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