So, you’ve been exploring the precious metals market and are on the lookout for something worth your precious dollars.
When it comes to investing, diversification is key. That’s because assets respond differently to market fluctuations. So, adding precious metals to your investments is actually a great idea if you want to add stability.
Precious metals are diverse, ranging from gold and platinum to palladium and silver. And they come in different forms, including bars and coins.
That said, one of the most popular and iconic coins in the precious metal market is American Silver Eagle Coins. First printed in 1986, owing to rising demand for silver, the coins have a rich history and are the most prominent American coins.
Now, American Silver Eagle coins have had their share of ups and downs. This begs the question: are they still worth investing in today? Definitely. And here are a couple of reasons why:
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Intrinsic Value
Silver Eagles have intrinsic value, which basically means they have tangible value in and of themselves. This is unlike stocks and bonds, which are intangible. Or currencies whose value is determined by supply and demand. That means they make stable investments and don’t fluctuate quite as erratically as currencies or stocks do. For this reason, many investors still buy them as a store of value, especially when the currency market is turbulent.
Limited Mintage
Another reason Silver Eagles have maintained their value over the years is their limited mintage. That means they are not produced on a mass scale. Rather, they are minted under certain conditions, which helps keep their rarity.
Great Value for the Price
American Silver Eagle coins are truly an excellent value for the price you pay for them. It is no wonder they have become quite popular among American investors and collectors.
But perhaps the true testament to the value of American Eagle coins is the fact that their value is not hinged on the dollar. In other words, they maintain their value no matter the beatdown the US dollar faces from time to time.
Easy to Buy
American Silver Eagle coins owe their immense popularity to, among other things, their ease of purchase. For one, you can find them at your local precious coin dealer. Better yet, you can also buy American Eagle coins on a precious metals exchange online.
High Liquidity
American Silver Eagle coins enjoy incredible popularity worldwide. For this reason, they have high liquidity, which essentially means that you can cash in your coins whenever you want. If you have previous editions of the coin, you could earn a premium for them due to increased numismatic interest.
Diversify Your Portfolio by Buying Silver Eagle Coins
American Silver Eagle coins are worth considering if you want to diversify your portfolio with tangible assets. Besides offering great value for their price, they are easy to purchase and easy to offload for cash. Invest in Silver Eagles to add stability to your portfolio and increase your net worth.