Silver offers incredible opportunities for investors to secure their financial futures with valuable, tangible assets. A great way to begin investing in silver is coins, particularly silver dollars. But before you rush out and buy some, you need to know which silver dollars are worth your money.
Do you know the difference between a 1964 Kennedy half dollar and a 1965 Kennedy half dollar? Not only a year, but a substantial amount of silver. Silver coins made before 1965 have a silver content of 90 percent; those after have only 40 percent.
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A year makes quite a bit of difference to your investment. What else should you know about the value of silver dollars? Here are some important questions to research before you buy:
How much silver does the coin have? More silver equals more value. Many coins are composed of small amounts of silver and are primarily copper. Coins like Silver Eagles and pre-1965 silver dollars, including the Kennedy, Walking Liberty, and Ben Franklin, have higher silver contents. Silver Eagles have one full ounce of silver.
Coins with 40 percent silver still have value, but the value is much less. If you choose to buy them, make sure you are paying for what you get.
Is this coin common? It is relatively easy to find pre-1965 silver dollars from a variety of sources, and it is easy to find US and privately minted Silver Eagles. It is much harder to find "early" dollars, or those minted before 1841. Because they are rare, they can cost hundreds of dollars. Morgan coins, more common than early dollars but less common than 1964 Kennedy half dollars, are worth about to .
How much is the silver worth? If you have coins whose value you are not sure of, you can always determine worth based on the amount of silver in the coin after refinement. Then you can determine the worth based on the current price for silver.
Silver coins present an excellent opportunity for investors. One-ounce coins are popular choices as the rise of silver increases. They are stamped with the weight of the coin and the value will increase as prices rise.
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