Ever since the coin show, I’ve been devoting my considerable resources toward obtaining silver coins. There are some real bargains out there if you know where to look and what to look for. Not too many people know that Mexican 10, 20 and 50 New Peso coins were struck with a sterling silver center, containing .17, .25 and .5 ounces of silver, respectively. There is little distinction, too, between the coins containing silver, and those that do not. Only after the ‘New’ label came off of the name of the currency, was silver replaced with base metals.
Other really good deals have surfaced on eBay as well. I recently obtained an uncirculated Bahamas $1 coin dated 1966. Not only is this worth a considerable amount in melt value, but it also holds a decent numismatic value. Its worth is probably around $11 or $12, but the silver it contains is worth nearly $15. Not a bad appreciation, since I only paid $5 for it.
Of course, my favorite and most coveted silver coin remains the bullion ‘Wiener Philharmoniker’ 1oz, 1.50 euro. There still remains a spot in my heart for vintage American silver coins, but they’re always so old and dingy. The newer, foreign coins are far more illustrious. The Canadian Maple Leaf coins are also nice to look at, as are the British sovereigns.
I would love to expand my silver collection to include Dutch 5 euro coins, but there is absolutely no reliable supply of them on the internet. Perhaps I’ll have some luck visiting a local dealer.
The price of silver has been coming down rather quickly these last few days. It is presently trading at $28.85/oz- an eleven month low.
