The American Eagle Silver Bullion Coin is the only coin that is considered investment-grade and can be used as an investment to fund Individual Retirement Accounts (IRAs) in the United States. The United States Internal Revenue Service (IRS) exempts the precious metal coins from IRS 1099 reporting. Global investment banks around the world also accept the coins. The coins help provide portfolio’s diversity for your investments because their value often moves independently of stocks and bonds. They are also highly liquid: which means that you will have no problem buying and selling the coins when necessary.
American Eagle Silver Bullion Coins are widely purchased by investors as a worthy investment for the future. Silver remains the most affordable precious metal in the world and is highly sought after sound investment. Unlike other metals, the price of silver rarely declines significantly, which makes the coins a fairly dependable worldwide investment. They are also a physically solid investment, unlike the fast-paced world of electronic investments, you can physically hold and keep an American Eagle Silver Coin which often provides peace of mind to the owner/investor. The coins can easily be passed down for generations as a worthy heirloom and legacy. They can also be given as a gift that will only grow in value as the years pass.
Investing in silver is a way to guarantee that no matter what happens around the globe, your investment will still have some value. The price of silver might go up or down, but American Eagle Coins always retain monetary value. Also, you are not just investing in the price of silver alone when you opt to buy American Eagle Coins because many of the coins are also widely collected by collectors so the investment is two-fold — investing in silver and in a collectible item that is widely coveted by coin connoisseurs. The American Eagle Silver Coins are the only silver bullion coins whose weight and purity are guaranteed by the United States Government, which makes them an ideal investment.
The design of the American Eagle Silver Bullion Coin was tailored to look similar to the Adolph A. Weinman’s 1917 “Walking Liberty” half-dollar, which many collectors consider the most breathtaking coin every minted by the US Mint. The reverse side of the coin features a picture of an eagle and a shield which displays American strength and pride. Congress authorized the minting of the Silver American Bullion Coin in 1985. Minting officially started in 1986 at the United States Mint facilities in West Point, New York and San Francisco, California.
Each Silver American Eagle Bullion Coin contains one troy ounce of 99.9 percent pure silver. The coins are minted every year since 1986. Each coin’s face value is one dollar. However, the face value is simply symbolic because the Silver American Eagle coin is traded based on the current market rate for silver, in addition to a small premium. Thus, their silver value is higher than one dollar and continues to climb in value as the silver market rises. The Silver Eagles are available for purchase from coin, precious metal and brokerage companies in virtually every country. They have quickly become the world’s best-selling silver coins. More than 130 million Silver American Eagles have been sold since their release in 1986.
At New Standard IRA we cater to people seeking alternative IRA investments. We will guide you through every step of setting up an account to invest in everything from precious metals such as silver to venture capital investing, and everything in between. For more information on investing with American Eagle Silver Bullion Coins, please contact us today. Silver remains a highly stable investment option that is a wonderful addition to any IRA portfolio.