The image includes the typical inscriptions on the reverse of the Silver Eagle, with “UNITED STATES OF AMERICA” on the left edge of the coin and the face value of the coin “ONE DOLLAR” and “1 OZ”. Should silver fall to a very low price, these mining companies could reduce their operations in an attempt to wait for higher prices or slow the supply of their silver reserves to the market, thus helping to balance supply and demand forces. The spot price of silver should not be confused with, for example, the price of a silver-based ETF, where the price of an ETF can be based on multiple factors. Although silver coins may be legal tender, they are not normally used in daily transactions, as their precious metal content value is usually much higher than their legal tender face value.
Silver futures contracts are an agreement for a buyer to purchase a fixed amount of silver from a seller, at a fixed price, at a specific time in the future. For example, if you buy a silver round 75 cents above the spot price of silver and want to sell it immediately, you are likely to lose money. Standard contracts for gold are for 100 troy ounces of gold, while standard contracts for silver are for 5,000 troy ounces of silver. Silver coins generally have a small face value that converts them into legal tender in their respective countries of origin.
Silver bars should definitely be part of your investment portfolio, and it is very important that you have the physical metal in your possession, rather than buying silver ETFs or other non-tangible options. United States Gold Bureau (USGB) is a private distributor of gold, silver %26 platinum coins from the United States. As America's only investment-grade silver coins, Silver Eagles is impressively substantial in size, design and quality. While buying silver coins usually comes at a slightly higher premium, there are less expensive options to suit your needs.
The United States Gold Office, Directors and Representatives do not guarantee to customers that they will make a profit or guarantee that losses will not be incurred as a result of following their coin collection recommendations or settlement of coins purchased from the United States Gold Office.