Private businesses and many individuals have been hit hard during this time of crisis. Those looking to diversify into gold and silver can find it especially confusing because of higher than normal premiums and strong demand making supply difficult. Here is the short list of bullion coins that have been available during these challenging times in our country.
American Gold and Silver Eagles: Starting in 1986, the government made gold and silver bullion coins available to the public through a network of dealers across the country. The one ounce gold bullion $50 Eagle is the most popular gold coin produced and contains 31.1 grams (also known as one troy ounce) of gold.
The coin has a weight of just over one troy ounce and the balance of the metal is silver and copper. It is common to find a premium of 5 to 10 percent over melt to acquire the 1oz coins in this market. If available, collectors and investors can expect to pay even more for fractional pieces.
The 1986 1oz American Silver Eagle coin was the first of a series that will end this year. Each American Silver Eagle is .999 Fine Silver and contains 31.1 grams of pure silver or one troy ounce. Silver Eagles come housed in Treasury Rolls of twenty coins. These Treasury rolls come in a green box that holds 500 coins. At the current market price, this puts each coin in the $25 range.
The generic 1oz silver rounds – American Made: These ingots have been generally available with delay in both one troy ounce bar or round form. The one ounce silver rounds are the most common unit found versus the bar form. Bars are most common in 10 and 100 ounce units.
Silver rounds come most often in Native American design, but are available in several other designs. Common silver rounds will have a weight of 31.1 grams and will have a diameter of 39mm. Recent premiums have been in the $4 range over spot per ounce. Current pricing puts the total price around $22 a unit.
All stated prices are used as examples and are subject to change as prices can go up and/or down over time. Please be advised, only trade with a trusted dealer. You can call or stop by the shop with any questions about buying and selling gold, silver, or coins of any type.
For more information visit our website at www.thoresonnumismatics.com