High Silver Prices Driving Silver Coin Market

The High Silver Prices Driving Silver Coin Market is just a function of supply and demand. The only sources of this precious metal are from mining and from scrap metal reserves.

The attractiveness of silver, especially US Coins made of silver is the increasing price of gold. With gold at $1489.88 an ounce at the close on May 16, 2011 in New York, many investors just do not have enough funds to make gold a viable investment. This is especially true for the working poor of America.

Sliver on the other hand is only at $33.60 an ounce on the same date and market as the higher price of gold. The price of silver might not have risen as much as gold in the past year, but going from just shy of $20 to over $45 in April of 2011 before settling down to its current level in the mid $30s, is still a good return on investment.

For those looking to invest in silver coins that have been circulated, the pre 1965 US coins are the one you need to find. This is the time when the American mint started to infuse copper and other metals into the traditionally silver coins. They are also the ones that hold a greater value than their face value at this time.

Another option is to purchase US Mint silver bullion coins. Unfortunately they are charging just over 36% above the going market value of silver for their coins.

With the High Silver Prices Driving Silver Coin Market, be careful since there will be people wishing to capitalize on this situation and offer fakes thru the online sites. Know what you are buying before you send your money.

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