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Silver coins may be minted as either fine silver or junk silver. Fine silver coins minted by governments include the one-ounce, 99.99% Canadian Silver Maple Leaf and the 99.93% American Silver Eagle. Government-minted silver coins being legal tender, often enjoy special taxation treatments.
A Guide Book of United States Coins (the Red Book) is the longest running price guide for U.S. coins.Across all formats, 24 million copies have been sold. [2] The first edition, dated 1947, went on sale in November 1946.
Most now trade as informal bullion coins known as junk silver, priced at some multiple of face value, which price follows the spot price of silver on commodity markets. Starting in 1992, the U.S. Mint began issuing Silver Proof Sets annually, which contain dimes composed of the pre-1965 standard of 90% silver and 10% copper, then switched to ...
A silver coin is not subject to decay. A silver coin has intrinsic value, although the price of silver bullion coins is subject to market swings and general inflation. [6] Silver has always been a rare metal. Because silver is less valuable than gold, it is more practical for small, everyday transactions.
Silver prices since 2000 until April 2015. Price quotes given in USD per ounce. Date: 21 April 2015: Source: based on www.kitco.com; using price quotes for silver .
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
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