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Monday February 6, 2012 |
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COMMISSION
FEES:
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Silver Rounds |
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Silver rounds are popular because of their appearance. They are new minted coins which come from private mints (i.e., Johnson Matthay, Engellhard, or Credit Suisse). Silver rounds are also available from other U.S. private mints. Premiums and commissions can run from fifty to seventy-five cents over the spot price of silver. While premiums vary depending on the particular mint and market demand, these coins are excellent for barter - especially since junk silver is not as widely recognized by the public.
When liquidating, premiums among dealers is larger than those of junk bags. However, due to the new shiny look, feasibility studies have shown the American public likes and identifies silver rounds as something they would take over silver bags.
Silver
American Eagles and
Canadian Maple Leafs
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Silver American Eagle |
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Silver Canadian Maple Leaf |
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While the silver American Eagle and Canadian Maple Leafs are also one ounce coins, they do carry a higher premium since they are issued by governments. These coins can cost an investor between $1.40 to $1.65 over spot silver. The beauty of these coins, however, is unsurpassed by other silver coins. Further, they are readily recognized by investors all over the world. Even though their premiums are higher than silver rounds, it is a good idea to hold some of these coins due simply because of the recognition they command nationally and internationally., Remember when liquidating in the future, these will bring a higher premium. Possibly as the price of silver rises, their premiums will rise as well as has been the case in the past.
The
Australian Kookaburra
Silver Bullion Collector Coins

The Australian Kookaburra is the only major, legal tender, pure silver coin to change its design yearly.
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The 1997 coin's design depicts two kookaburras sitting on a branch, and is the eighth design in the series. Only 300,000 of these coins are produced annually for sale worldwide compared with the millions of its competitors. |
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Silver
Bars
Silver bars can be accumulated in either
one, ten or one hundred ounce bars which are issued by major refiners
(i.e., Johnson Matthay, Engelhard, or Credit Suisse). If unconcerned
about barter and when looking at investment potential only, these bars
are an excellent medium to hold silver. Like gold bullion, one can
hold silver bars within a fungible program so that the investor never
has to take possession of this heavy metal. Premiums on bars are
relatively low and silver actually sells below melt value when liquidating.
Therefore, one can usually buy one hundred ounce bars at spot or spot
plus two percent (inclusive of premiums and commissions).
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