Difference between investing in silver bars and Silver Coins?
Can someone please tell me the difference?
And why there is a price difference between Maple leafs made in 2011,2010,2009 etc? It is all 99,9%silver
Minting costs, and therefore premiums are typically less for bars than for rounds (coins). The reason is because there is more labor involved in minting 100 1oz coins than there is a single 100oz bar.
Then, there is the issue of private minting, vs. government minting. Government minted coins command a higher premium because they are widely recognized and therefore perhaps more trusted to be of the purity and weight that is stamped on them. However, in the case of Silver, the value of a 1 oz round is not sufficient (at least not yet) to make private minted “fakes” much of a problem. Many investors prefer private minted silver coins and bars because of the lower premiums. There is an argument that in a currency crisis, the premium currently commanded by government coins could mostly evaporate (an idea supported by other currency crises throughout history), and therefore paying a premium for gov’t minted coins is a waste. (Silver is Silver is Silver…)
There is a of course a possibility that this idea is wrong, in which case the premium paid will be retained when you go to sell or spend the coins. It’s Your Choice.
Personally, I’d rather pay less for a coin or bar that has no chance of losing something it never had – i.e. a price premium for being government minted. Silver coins or bars, regardless of who minted them will never be worth less than the current worldwide spot price of Silver.
As for difference between different years of gov’t minted coins, that’s mainly due to the relative rarity of the years they were minted. Once again, that perceived numismatic value difference could disappear quite quickly.
One final fact to consider is that 99.9% Silver coins, regardless of mintage, are unsuitable for circulating coinage. Pure silver coins wear VERY quickly in circulation, which is why almost all silver coins intended for circulation were alloyed with other metals such as copper. Some people prefer to invest in 90% Silver US coins (pre-1965 dimes, quarters, halves, and dollars) because they are durable, gov’t minted, and command much lower premiums than pure silver coins or bars.
Gold and Silver Private Treasury
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