If you compare the silver coins in the world, you would realize that one of the most beautiful is the American Eagle. And of all the silver coins in the world, most people are purchasing this coin. These coins are very popular all over since the US Mint produces millions of these silver coins each year. This american eagle silver dollar coin is valued at a dollar but it is really worth more than that. In the front of the coin is the Walking Liberty which is an engraving by Adolph A. Weinman. The back is the heraldic eagle with thirteen stars created by John Mercanti. Here are some reasons why people buy the American Eagle Silver Dollar. The Silver dollar can be a safe haven for your money since many economies of the world are struggling today. Paper currency can lose value. But during hard times, you could trace your precious metals for goods and services. If there is a threat of depression, the desire to have silver coins is increased and this is why the American eagle silver coin has become very popular. In case the economy suffers a big drop and the paper currency becomes devalued, then if you have silver, then you will have some form of security with you. However, not everyone buys silver for this reason. Some people buy silver just in case they would not be able to access funds from the bank. Their silver dollar would be accepted as money in an emergency. Some people purchase silver eagles as an investment. If they don’t want to put their money on stocks because of the market crash then they buy precious metals instead. Many people feat the decrease in the value of the dollar which would encourage inflation. And with inflation, prices are raised by suppliers because of the pressure. So, the average citizen can purchase less with his money. Their money will be far less effective. This scenario makes individuals buy American Eagle Silver because there is a value stored in it. This will then help keep up with inflation. The silver dollar can rise with inflation since it can be produced at a rate within limits. It can even increase value over the rate of inflation. But there are other people who buy the 2019 american silver eagle for their collection. You can find Eagles in different conditions that are worth a great deal of money as collector pieces. Prices rise up because of collectors. There are also those who buy the American EAgler silver coin because of its beauty. It can be a great gift to give to a special person. They can behold its lovely shine. To learn more about American Eagle silver coin click here: https://en.wikipedia.org/wiki/American_Silver_Eagle.
0 Comments
Leave a Reply. |
|