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Thursday, October 31, 2013

Do’s and Don’ts of American Silver Eagle Coins

If you have already invested in gold or are considering it, and are also looking for a way to diversify your portfolio, you may want to also look into investing in American Silver Eagles coins. The coin was originally introduced in 1986 and was available in two versions – bullion (the first silver bullion coin of the United States) and a proof edition. Both variants feature A. A. Weinman’s “Walking Liberty” design on one side, and a shielded eagle on the other. 

As with any other investment, we recommend that you should do your own research and understand your options before making any decisions – this will increase your chances of getting the most benefit out of your portfolio. Use our checklist below to make sure you have taken all the right steps to purchasing your American Silver Eagles.

1.   1. DON’T invest with your eyes closed
Investing in precious metals is not a guessing game, so don’t make hasty decisions – have a clear strategic plan for obtaining the assets you want and how you can maximize their benefit for your financial growth.

DO understand the difference between bullion and proof American Silver Eagles
While the coins may appear similar to the casual observer, each offers unique benefits, so talk to a precious metals specialist to learn more about each of them and pick the one (or an allocation of each) that suits your goals best.

2.   2. DON’T leave your silver coins unprotected
Should you choose to take physical possession of your coins, make sure they are securely stored – don’t hide them in your sock or under your wife’s rose bush! Choose a safety deposit box in your bank or consider an insured non-segregated depository. 

DO talk to an experienced precious metals specialist
When you are looking for a precious metals advisor, look for the one with a solid reputation and extensive experience in the market. Prepare a list of questions to ask and find out as many details as you can. True professionals will answer any and all of your questions and will take their time to make sure you understand your options and what is involved in the process of investment in your particular situation.

3.    3. DON’T make investment you are unsure about
If you are dealing with an “aggressive” salesperson, don’t give in and invest because of the pressure. “Pushy” sales tactics should be a warning sign that you want to find another precious metal dealer.
DO plan ahead for retirement

Both versions of American Silver Eagle coins offer great potential to shield your IRA or 401k from stock market volatility and the declining purchasing power of the dollar. While every situation is different, adding this additional level of protection for your retirement savings may be a smart move to safeguard your wealth and lifestyle.

Should you have any questions about American Silver Eagles, feel free to contact BirchGold Group, one of the nation’s leaders in precious metals investing. Our friendly and knowledgeable advisors will answer any questions you might have and help you choose the best option to protect your savings for your particular situation.

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