Silver Dollars – 5 Benefits Theyll Bring to Your Coin Collection
You’ve probably heard how wise it is to invest in precious metals like gold and silver. But with so many choices out there, how do you build a coin collection that gives you the most bang for your buck?
Invest in silver dollars!
While you might think that silver plays second-fiddle to gold, that’s simply not the case. In fact, silver dollars will bring you these 5 benefits:
1. They have historical significance
A silver dollar does more than just sit in your collection; it tells a story. Each silver dollar is a piece of American history. Look at when yours was minted, and you’ll instantly be taken back in time. That’s something you just can’t get from gold bullion coins!
2. They come in limited quantities
Think back to your Economics classes and the law of supply and demand. The smaller the supply is of something, the bigger the demand is for it! It works the same way with silver dollars. Only a certain number of them have been minted over the years. If you’re lucky enough to have one that’s in good condition, you’ve got something that a lot of collectors would love to get their hands on – meaning that your coin value is higher than you think!
3. They are backed by the U.S. government
In the coin world, things that can be backed by a government – especially the U.S. government – come with a higher coin value. Since silver dollars are produced and backed by the U.S. government, they are much more valuable than any other silver coin you might have.
4. They are more affordable
If you ever need to sell your collection – or even just part of it – you’re better off with silver dollars than gold bullion coins because silver is more affordable. If you invest in gold, you’re automatically limiting the number of potential buyers you can get, because fewer people can afford gold. But since silver is cheaper, you’ll have a bigger pool of buyers right from the start.
5. They are beautiful to look at
Whether you’re looking at a silver dollar that has Susan B. Anthony’s face minted on it or a silver dollar that features a portrait of Lady Liberty, these coins are like tiny pieces of art. They’re perfect for showcasing in a glass cabinet or on your mantle. Even if you never plan on selling them, silver dollars are beautiful to look at – and that can be reason enough to buy them!