SILVER

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 Wise investors are buying silver to preserve their wealth for the future. The white metal has become a viable part of a robust investment profile. Precious metals such as gold bullion are used to accumulate wealth and hedge against inflation.

Discover the reasons to invest in silver and how this popular commodity can be purchased.

Silver is unique because it is considered both a commodity and currency, depending on how it is used. Precious metals, such as gold and palladium, can be purchased to guard against inflation. While any investment is a risk, silver has been used for centuries for a variety of purposes. Industries rely on it, making it a solid investment choice.

As a vital industrial and monetary metal, it has value around the world, regardless of economic conditions. It can be sold at current market prices as needed. As an investor in silver, buy it in basic forms such as bullion, bars, coins, and rounds to get the most silver for your dollar. Investors typically purchase it by weight, such as a troy ounce, pound, gram or kilo. It is priced by its weight in .999 fine silver. If an item contains lower purity levels, it may fetch slightly lower prices per troy ounce of the .999 silver it contains.

Silver bullion coins are possibly the oldest type of coinage in history. The use of these coins for trade dates back to the drachma used during Greek times. A collector purchases coins as a hobby, and these coins may or may not have value. These world silver coins can include the Mexican Silver Libertad and the Chinese Silver Panda coin. Coins sold by weight are purchased to store financial value for the future.

If you’re shopping for silver coins and bars, you’ll find a variety of options at Prime Precious Metals. We’re proud to be a reputable silver dealer that stocks the most coveted silver products from around the world, including rare collector’s pieces. Here’s a quick introduction to some of our best sellers.

American Silver Eagle: Since its introduction in 1986, over 70 million American Silver Eagles have been purchased by savvy investors and collectors. In fact, demand for this iconic coin is so high that the United States Mint has had to suspend sales multiple times over the years.

Royal Canadian Mint Bars: These bars are especially prized because of their exceptional purity. Although most silver coins and bars are .999 fine (99.9% pure), Royal Canadian Mint products are .9999 ultra-fine (99.99% pure). While the actual difference in silver content is extremely small, there’s a certain prestige that comes with owning the purest silver products on the market.

1986 MS70 $1 American Silver Eagle: Owning an American Silver Eagle from the first year of release is a point of pride for many collectors, especially if the coin is in pristine MS70 condition. The NGC population only includes 2,368 of them; the PCGS population is just 1,346. We carry both NGC and PCGS variants, so you can procure yours from a reputable silver dealer.

Investing in silver is as simple as purchasing any other product, but proper planning will ensure the best results. Here are some important factors to keep in mind.

Many Prime Precious Metal investors speculate that precious metal prices will jump significantly in the future due to rising industrial demand. This is especially true with silver.

Silver offers many of the same unique properties as the pricier precious metals, and it’s also the most electrically conductive of them all. If you foresee a bright future for silver in electronics, now is the time to buy before its spot price skyrockets.

There’s no guarantee that the price of silver coins and bars will rise. While it’s true that it’s a finite resource with many industrial use cases, predicting the future is impossible.

Are you in a position to invest a significant amount of wealth into silver immediately, or should you dollar-cost average your investment over time? Your risk tolerance will play a major role in how you approach your investment.

People turn to precious metals as a safe haven during times of economic instability. Naturally, the price of silver tends to rise during these tumultuous periods. If you believe the economy is on a downward trajectory, you may want to buy silver coins and bars before prices rise. On the other hand, if you expect economic growth, you may want to wait for prices to come down.

While silver is not likely to dethrone gold anytime soon, the precious metal does offer similar financial advantages. Mainly, silver is a dependable store of value, especially during uncertain economic conditions. Silver coins and bars are a time-tested hedge against inflation and currency devaluation, adding stability and protection to one’s financial portfolio.

As long as you buy from a reputable silver dealer, silver comes with very little risk and significant upside potential. In fact, silver has even outperformed gold during bull markets. Its relatively low price makes it more volatile than gold, so it has significant opportunities for short and long-term growth in the right market conditions.

Silver is a fantastic option for beginners looking to start investing in precious metals. But even seasoned investors keep it as a safe-haven asset.

Prime Precious Metal is a reputable silver dealer that will always go above and beyond to keep you informed. That includes the legal side of precious metals investing and ownership. Here are some quick facts you should know about as you plan your silver investment.

• The amount of silver you can own legally is unlimited.
• Silver coins do have face values, but they don’t represent the coin’s true worth.
• Sales taxes for silver coins and bars vary from state to state.
• In the United States, silver bullion is subject to capital gains taxes, but only if you sell your holdings after more than one year from the date of purchase.

If you have any questions about silver coins and bars, numismatics, or Prime Precious Metal IRS, please get in touch today so a knowledgeable precious metals specialist can assist with your acquisition. Recognizing each individual's unique needs and goals, we strive to provide one-on-one guidance so you can make an informed purchase.

Prime Precious Metal is a Tier 1, United States Mint bullion dealer that belongs to the prestigious Silver Institute, as well as the Industry Council for Tangible Assets, the American Numismatic Association, and the Certified Acceptance Corporation (CAC). Everything we carry is fully backed by our 7-day, 100% money-back guarantee. Preserve your wealth and secure your financial future with a reputable silver dealer today.

Before doing business with a Prime Precious Metal dealer, research the company’s history, experience, reputation, and affiliations.

Prime Precious Metals is a Tier 1 US Mint bullion dealer with over five decades of in-house experience. We have an A+ accredited grade on the Better Business Bureau and a 4.9 Google star rating.

In addition, we are members of several reputable associations such as the esteemed Silver Institute, the Industry Council for Tangible Assets, the Certified Acceptance Corporation (CAC), and the American Numismatic Association.

If your goal is to simply own silver bullion, coins and bars are the best options, allowing you to buy the metal as close to the current spot price as possible.

Silver numismatics are collectible, low-population, and commemorative coins that are valued higher than their intrinsic silver content according to various factors, such as condition/grade, market demand, and rarity.

All numismatics are graded according to the Sheldon Coin Grading Scale by third-party grading services, such as the PCGS and NGC. The scale runs from 0-70 (70 is a perfect grade). Grading is based on the coin’s surface preservation, coloration, luster, strike, and overall eye appeal.

As long as you work with a reputable silver dealer, buying silver is a relatively safe way to diversify your investment portfolio. Compared to other Prime Precious Metal like gold, platinum, and palladium, silver is very affordable. It’s a great entry point for those interested in owning precious metals without committing a significant amount of fiat.

Beyond its accessibility for beginners and casual investors, silver is quite popular among experienced investors who recognize its high upside potential, both short- and long-term. Silver has many unique qualities that make it a highly valued industrial metal, and many silver enthusiasts anticipate significant demand and growth in the days to come.

All Prime Precious Metal are classified as capital assets, specifically as collectibles. They’re subject to capital gains taxes, but only if you sell them after holding them for more than one year.

If you believe in silver’s future, it makes an outstanding addition to a Prime Precious Metal IRA. Many popular silver products are IRA-allowable, and opening or converting an IRA is a quick and easy affair. If you’re interested in securing your financial future with a precious metals IRA, we’re happy to help.

Investment grade “fine” silver bullion must be at least 99.9% pure, which is usually represented as .999 pure or “three nines fine.” Some silver products, such as those produced by the Royal Canadian Mint, are 99.99% or .9999 pure. If you have any questions about a specific product’s purity, ask a reputable silver dealer for clarification.