Today's Spot Prices Gold: $1,284.90$1.10

 

Silver: $14.57$0.01

 

Silver

  • Rare Coin Market: Why are rare coins so popular?

    As the stock market’s bull run continues, investors are looking to find ways to diversify their holdings and the rare coin market has been an answer to many. The popularity of holding on rare coins as investments has skyrocketed, due to the similarity the market shares with vintage items. However, a key difference is that the rare coin market has a rock-solid infrastructure of auctions and graders that keep the market liquid and reliable. Read More »

  • Coin Experts Survey 2017: Infographic

    Here at International Precious Metals, one of the premier online coin dealers, we are always striving to bring the numismatic world to the masses, by raising awareness and interest to the rare coin community. In an effort to do this, we reached out to over 30 coin and numismatic experts, including coin club presidents and renown coin bloggers.

    Below is an infographic detailing our findings, along with an explanation and background for each question, followed by a list of those who agreed to have their names and affiliations published. Enjoy!

    One of the most common mentioned coins is the Eagle, so feel free to check out our modern American Gold Eagle 1 o/z Common Date Coin for sale here.

    (Click on the infographic to expand.)

    Coin Experts Survey 2015 Infographic

    Feel free to embed this infographic on your site, or copy and paste the image and link back to us.

    Below is an extrapolation of some of the "behind the scenes" answers to survey questions. (It should be noted that the names and references to the coins listed in our answers were not altered, in order to preserve the authenticity of the vernacular of our coin experts.)

    Will the Penny be phased out?

    This has been a perennial question for the US government, as well as a gripe by many private citizens. The US Mint currently loses over $50 million a year from Penny production, and it seems that the experts have spoken: 56% of them think it should be abolished, and believe that it will happen by the year 2026 (average mean).

    What President deserves his own denomination?

    This is another heated question that is constantly discussed by not just the numismatic community, but among history buffs, political enthusiasts, and many others. Even though he was President just 25 years ago, Ronald Reagan won the poll with 41%. In a close second place, Theodore Roosevelt carried 30%. Harry Truman came in third with 11%. It should be noted that all Presidents have already been featured or are slated to appear on a coin as part of the Presidential $1 Coin Program, authorized by Congress in 2005.

    Will there ever be a new denomination? If so, what amount?

    This question intrigued many experts, but ultimately, the majority (70%) said that they don't foresee the US Mint introducing any new denominations. Of the 30% who did believe that a new denomination will be created, the results were evenly split: 15% suggested a $200 bill, and 15% suggested a $5 coin. With inflation consistently on the rise, a $200 bill is not outrageous, though it might take some time.

    Which coin/bill will the US Mint bring back into mass circulation?

    Similar to the prior question, there were a large number of abstentions here, as 44% said that the US Mint will not bring back any of the above mentioned coins/bills. Of the listed coins/bills, the $2 bill won the vote with a solid 28%, while the Susan B Anthony coin received 12%. The Sacagawea and Kennedy half-dollar garnered just 8%. The $2 bill was officially discontinued for mass circulation in 1966, though it is still considered legal tender.

    What is the most overvalued coin on the market?

    Although experts gave many answers, the predominant choice was Morgan dollars. Here were  a few other answers which did not receive enough of a majority of votes: 1943 Lincoln Cent on Dime Planchet, 1875 CC Twenty Cent piece, 1804 Dollar, 1804 Large Cent, new release Gold Kennedy Half Dollars, Liberty Shield Nickels, 1955 Lincoln Double Die, State Quarter Proof sets, 1933 Double Eagle, & 1881 Silver Dollars.

    What is the most undervalued coin on the market?

    A fair amount of the answers here fixated on silver coins, but overall, three cent coins took the crown. Some of other undervalued coins offered up were: Indian Cents, Liberty Nickels, Jefferson Five Cents, 1876 Twenty Cent pieces, 1945, 1946, & 1947 Silver Dollars, Fugio Coppers, Canada Silver Dollars, wheat Pennies, Indian Head Gold Eagle, Flying Eagle Cents, Mint Barber coins, Proof Mercury Dimes, pre-1836 silver, & 1927 D Nickels.

    What is the hardest coin to locate?

    Many coin experts left this question blank, as it seems that every coin is locatable. Of course, it came as no surprise that the famous (or infamous) Liberty Nickel led all other coins in this category. Some other coins listed were: 1863 3 Cent Silver Proofs, Choice 1793 Chain Cent, territorial gold coins from the California Gold Rush, 1790's Copper Coins in Mint Red, the 1909 O Barber Quarter, 1804 Draped Bust Dollar, 1856 Flying Eagle, and the 1894 Silver Dollar.

    What is your favorite coin?

    Unsurprisingly, there was no specific coin which received more votes than others in this category, as coin experts each have their own subjective, fickle tastes. Here are most of the coins that were listed as answers: Gold Kennedy Half Dollar, Planchet Errors, 1982 Lincoln Memorial Penny, 1946 Iowa Statehood Centennial Commemorative Half Dollar, 1916 Standing Liberty Quarter, 1907 High Relief $20, 1794 Large Cent, 1921 Walking Liberty Half Dollar, 1732 Pillar Dollar, 1955 Double Die Lincoln Penny, 1804 Silver Dollar, 1907 St Gaudens $20, 1922 'NO - D' Cent, 2009 Double Gold Eagle, Roman Republican Denarii (Sabinus 89 BC), & 1849 Proof $20 Liberty.

    What is your favorite Coin Series?

    Although there was no specific coin series that dominated answers, there was some similar overlap, which we grouped together for the sake of our infographic visual above. This included Liberty Nickels, Quarters, Halves, and Dollars representing 17%, many types of Lincoln Pennies securing 14%, various Morgan Dollar series grabbing 10%, with Barber Quarters and Dollars as well as Kennedy Half Dollars each netting 7%. Among the miscellaneous coins which represented 44%, some of the mentions included: Peace Dollars, Canadian Silver Dollars, Half cents, Washington Quarters, Standing Liberty Quarters, Colonial and post-Colonial Copper, Liberty 'V' Nickels, Buffalo Nickels, Mercury Dimes, and Walking Liberty Halves.

    If you didn't collect coins, what would you collect?

    Stamps was the narrow victor here, securing 16% of coin experts' hobby preference. There was then a 4-way tie with 10% each for bottles, antique guns, spaceflight memorabilia, and art. The remaining miscellaneous hobbies included some of the following: Hot Wheels, postcards, vintage trains, autographs, error items, tokens, poker chips, rock and roll albums, gems, and muscle cars.

     

    Coin Experts Reference List:

    1. Mark Lighterman, President of CONECA (Combined Organizations of Numismatic Error Collectors of America)
    2. Michael McNeil, President of Madison County Coin Club
    3. Michael Turrini, President of CSNA (California State Numismatic Association) Solanocoinclub.com & Calcoin.org
    4. Merle Avila, President of Redwood Empire Coin Club
    5. Brian Grant Duff, Vancouver Numismatic Society &  Allnationsstampandcoin.com
    6. William Eckberg, President of EACS (Early American Coppers Organization)
    7. Pierre Fricke, President of SPMC (Society of Paper Money Collectors)
    8. Richard Parsons, Numismatic Expert
    9. Brian Lowe, Numismatic Expert, Theperfectcoins.com
    10. Rusty Scropper, Numismatic Expert, Coinsniper.com
    11. Charmy Harker, Women In Numismatics, Thepennylady.com
    12. Tony Swicer, President of FUN, (Florida United Numismatists) Funtopics.com
    13. Michael Kittle, President of Glendale Coin Club, Kittlecoins.com
    14. Bill Woscott, President of Richmond Coin Club
    15. Scott Barman, Numismatic Expert, coinblog.ws
    16. Kurt Springfield, President of Madison County Coin Club
    17. Gene McPherson, President of Pasadena Coin Club
    18. John Fryar, President of Albuquerque Coin Club
    19. Harold Katzman, Corresponding Secretary of NASC (Numismatic Association of Southern California)
  • Why Is Silver So Cheap?

    Decline of Silver Prices

    Silver prices have fallen 70 percent since the shiny metal reached its peak in April of 2011 when it pulled $49.82 an ounce. October of 2013 saw silver prices decline 36 percent to their lowest level since 2010- taking it below $25 an ounce and sparking the sale of 1.4 million ounces of silver American Eagles at the U.S. Mint in one day alone.

    Investment demand dropped 42 percent in 2013 due to both investor disappointment in the ability of silver prices to reach the highs of 2011 and a recovery in the certain markets. Today’s silverspot price hovers right below $16 an ounce. Analysts predict that silver prices in the next few years will continue declining due to the expectation that Equity markets will firm up. Silver is forecast to drop as low as $8 per troy ounce in the coming months.cheap silver - silver eagle and bar

    Rarity of Silver vs Gold

    Gold and silver are the most popular of the precious metals, mostly due to their functionality in both industrial and commercial applications. But the difference in their availability lends itself to vastly different spot prices. The average occurrence of gold in igneous rock is 0.004 parts per million. Silver shows up at a rate of  0.07 parts per million. There is no question that gold is simply much rarer than silver and will therefore always command a higher price.

    cheap silver - silver vs gold hedge coins

    Global Economic Effect

    Because 70 percent of the supply of silver is a byproduct of the production of copper, lead and zinc, global production affects the price of silver. Global mine production of the gray metal is about 671 million troy ounces annually. While the current low price of silver will maintain production for a while, it has created a decline in further mining investment. This has experts forecasting a peak in silver mining over the next couple of years.

    Different Forms of Silver

    American Eagle Silver coins are America's only official investment grade silver bullion coins.

    Why buy silver? Because they act as building blocks for your precious metals investment and are backed  - weight and purity – by the U.S. government. Silver Eagles are legal tender and can be sold for cash and coins at precious metal dealers the world over. Silver Maples are another popular option for adding silver to a portfolio.

    Buying silver bullion is another solid way to invest in the metal. Silver bullion comes in bars, rounds or triangles and is the mostfrequently traded. These forms are  produced by private minting companies the world over and have the same weight and exact same amount of silver in each. Bars are easily stored and transported and carry the lowest premium over spot price for both gold and silver.cheap coins - miner with silver metal

  • Is It Safe To Buy Gold & Silver Online?

    The Emergence of Online Buying for Gold & Silver

    The Internet Revolution has made it easier to purchase just about anything a consumer can imagine - and that includes precious metals. As opposed to brick and mortar retail stores, online retailers don't have the high costs of overhead or a limited number of customers able to reach them, which keeps costs down. When buying gold and silver online, you should expect to pay only a couple of dollars over spot for bars or rounds instead of the potentially more than $5 over asked by physical retailers. Online retailers are also able to offer a broader range of, often, higher quality products, as they are not limited to a physical location. And online dealers do not react to fluctuations in the price of metals the way store dealers do, keeping online costs more constant.

    online safe for gold - gold coins and bars

    Buying online does have one drawback. Unlike when buying from a store, when buying online, investors are unable to hold the product in their hands. Brick and mortar gold and silver stores have the items on display and you won’t have to to wait for shipping.

    online safe for gold - older couple

    Why Buying Precious Metals  Online is Safe

    Buying online is as safe as buying from a physical retailer. Whether you’re interested in purchasing gold bars or coins, you can buy gold online and be safe as long as you deal with a reputable gold company, such as International Precious Metals. IPM's industry affiliations with the American Numismatic Association (ANA), Professional Coin Grading Service (PCGS), Numismatic Guaranty Corporation (NGC), Certified Acceptance Corporation (CAC) the Better Business Bureau (BBB) and Industry Council on Tangible Assets (ICTA)  reflect the retailer's commitment to fair and honest business practices that are consistent with the standards of each of these organizations.

    Buying from a Store

    Buying from a physical retailer allows investors and enthusiasts to see each coin or bar, take measure of its heft and feel and take it home immediately.

    But a distinct disadvantage to buying from a store is taxation. If the shop is in a state that taxes precious metals sales, that tax is passed on to the consumer and will be seen on your bill. In this case, buying from an online retailer located out of state may be the better choice.

    Online vs Store: Which is Better?

    For first time buyers of coins or bars, the following solution may offer the best of both options. Anyone new to gold or silver as an investment or hobby would do well to visit a local retailer and physically view what there is available. Get a good idea of what different products cost and what draws your eye or would be a nice addition to your collection. Then, go online and buy them. You will find them significantly cheaper.online safe for gold - man

    Check out our precious metals blog for more helpful articles on topics ranging from gold investment advice to defining what treasure assets and trends are. And if you are interested in understanding more about buying gold, silver, platinum, and palladium online and would like to speak with a live representative with further questions, don't hesitate to call us today at (800) 781-2090.

  • How to Store Your Precious Metals

    Why is it Important to Properly Store Precious Metals?

    Gold and silver are valuable assets and as such must be protected. Storage of these precious metals is one of the most important components of ownership. While keeping precious metals at home offers absolute control over your asset, it is imperative that you protect them from environmental degradation as well as from thieves.

    Store Your Precious Metals at Home

    Your precious metals are going to be in storage far more than they will be out for inspection, so how you store them is one of the most important decisions you will make about your investment. The first step in planning for storage is to determine how much space your collection will need.  The second step is to determine where it is to be stored.

    Precious Metals Safety

    Remember that secrecy equals security. Limit the number of people who know about your investment. If you have chosen a safe for storage, make sure it is a heavy one. Take extra precautions such as bolting the safe down, hiding it under floor boards or within walls or buried in the yard. There are also many products available in which to hide your gold and silver - clever containers that mimic other items like books or soft drinks. If you choose to bury your metals, be sure to remember where; do not visit the site often and be sure to bury them deep enough, at least 4 ft. or more, to foil a metal detector.


    protect gold - coins storage safe

    Maintaining Value

    Regardless of where or how you choose to store your precious metals, your storage environment should be fire and water proof. Because excessive heat or moisture can have an impact on the value of your assets, the space should remain cool and dry.protect gold - cash box

    How to Store Coins Vs. Bars

    While flip-books and coin albums are a convenient way to store one-ounce coins, they aren't completely airtight which can lead to discoloration. To protect your more valuable pieces, coin slabs, the hard plastic cases used for coins graded by a guaranty service, or air tight capsules or other containers are a good choice. For storing bars, look for air tight containers that have slots to keep the bars from touching. There are several brands available that offer holders designed  for 20 one-ounce gold or silver bars.

    protect gold

    Protecting Physical Gold & Silver Is Crucial 

    While the prospect of storing your physical gold coins or bullion may seem daunting, taking a few well-thought out steps will go a long way in protecting your physical asset. Carefully selecting a location and those privy to that information and making sure that your bars and coins are in an air-tight, temperature-controlled environment will help ensure the safety of your collection.

  • Why Buy Silver: Diversification

    History

    Historically, silver has been the most affordable precious metal. It was discovered after gold and copper in 4,000 BC and has since been used in jewelry, as utensils, for ornaments,  and as a medium of exchange. The Romans were the first major economy to mine silver, reaching peak levels of 10,000 tons in usage around the second century AD.

    Modern Use of Silver

    Investors interested in diversifying with the precious metal need to do so soon. Silver is the most electrically and thermally conductive and reflective metal on earth. It is also the most used metal with no known substitutes and currently silver inventories are at record lows. Also, in the past decade, silver has been strongly correlated with the national debt of this nation. That debt is rapidly increasing and investors can assume that the price of this highly volatile metal will increase over the next few years as well.

    Silver Prices

    The price of silver has most recently been hovering around $20 per ounce. Compare that with the price of gold, which is currently $1300 an ounce. This staggering price differential is one reason why people invest in silver, due to the sheer difference in dollars. It is said that silver reached the equivalent of $1200 an ounce in the 15th century. Once the Americas were discovered, the influx of new silver brought the price down to modern prices.

    In more recent times, silver has seen some staggering movement: In 2009, it dropped to $10 an ounce, and in the summer of 2011, spiked to $48 an ounce. It has since seemed to level off into a more affordable $20 an ounce.

    Considering that miners are digging about 9 ounces of silver from the ground for every ounce of gold, shows that maybe silver is indeed undervalued, considering that gold goes for 64 times the price of silver.

    silver-eagle-coin-stacks

    American Eagle Silver

    American Eagle Silver Bullion Coins act as building blocks for your precious metals investment. The metal was first minted into dollar coins in 1792 and has only just recently become an investment option. They are America's only official investment grade silver bullion coins. One of the most beautiful coins ever minted, the Silver Eagle features a design on the obverse based on A.A. Weinman's Walking Liberty, introduced in the 1917 silver half-dollar. The reverse displays an eagle and shield is featured on the reverse.

    Silver Eagles are backed  -weight and purity –by the U.S. government. Silver Eagles are legal tender and can be sold for cash and coins at precious metal dealers the world over. Buying the silver bullion is as simple as visiting your nearest coin or precious metals dealer or even a brokerage house or participating bank. They are available in four denominations and sell at a variety of prices. They sell at the prevailing market price along with a small premium to cover their coinage and distribution costs.

    Silver Bullion

    Traditionally, silver bullion is looked at as an important hedge for the overall economy: both against inflation, as well as doomsday scenarios, where economies collapse and currencies are no longer accepted. Buying silver bullion is currently an affordable optionfor those looking to get into precious metals, and offer more bang for your buck than gold. International Precious Metals has a huge selection of silver bars and coins for low prices, and encourages you to reach out with any questions for more information.

Learn more in our BASICS OF BUYING area, or START SHOPPING »