Collecting Silver Coins On A Shoestring Budget
Silver coins are a significant source of interest in coin collecting and coin investing. Silver coins have seen renewed popularity in recent years particularly because of increasing silver prices.
However, silver coins have long been a favorite with collectors who enjoy the many beautiful and popular designs that have been featured on silver coins.
Of course, as a precious metal, silver can be expensive. But you don't need to exclude silver coins from your coin collecting goals if you are on a budget.
Here's how to buy silver coins without breaking the bank...
Buying Silver Coins
You may be surprised to learn that silver coins can be purchased for relatively inexpensive prices.
In fact, it is very possible to build a small hoard of silver coins simply by buying small amounts of silver over a span of time.
Buying rolls of silver coins can be expensive for some people. However, it is possible to accumulate a mass of silver coins, piece by piece:
American silver coins can be bought for as little as $1 to $2 apiece (such as dimes).
- Quarters and 90% silver half dollars can be had for between $4 and $7 each.
- 90% silver dollar coins can be bought for less than $15 in cases of low-grade common dates.
In other words, you don't need a huge sum of money to begin your silver coin collection or silver coin investment portfolio.
Assembling Rolls Of Silver Coins
If you are aiming to complete a roll-quantity of coins (which is a popular way to keep silver coins), consider the guide below.
This might serve as a blueprint for how many coins of each denomination you will need to have in order to collect a full roll of silver coins:
- Dimes: 50 coins per roll
- Quarters: 40 coins per roll
- Half-dollars: 20 coins per roll
- Silver dollar: 20 coins per roll
Collecting Silver Coins By Face Value Increments
It is also popular to amass silver coin collections by larger face-value increments. That is, collecting $50 face value of silver coins, or $100, or other amounts.
Such collecting allows for more freedom in which types of silver coins go into those types of collections. It does not matter which denominations you purchase to complete those collections.
For a $10 face value hoard, you could buy, for example:
- 50 silver dimes;
- 2 silver dollars;
- 4 quarters; and
- 4 half-dollars.
Any combination is acceptable. What matters is the total face value in the collection, not the exact combination itself.
Current Silver Coin Prices
Buying silver coins never guarantees a return on your money. Like any coin a collector or investor purchases, a return on the investment is never a sure thing.
But if you want to invest in silver coins and don't have much money to get started, using the piece-by-piece method mentioned in this article will give you a great start!
View current silver prices here.
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