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Silver article

Which silver coins to buy?

Autor: Daan Wesdorp Date: 18 October 2021 Update: 18 October 2021 Reading time: 4 min

Investing in Silver

When considering an investment in silver coins, the extensive variety available may seem overwhelming. Initially, you will likely select silver coins based on price, weight, design, and silver content. The Silver Mountain has curated a current list of the eight most renowned silver coins for investment purposes. This list is not definitive but is based on recognition, liquidity, and potential return on investment. These are the silver investment coins that are most attractive and common among investors.
 

Weight, Design, and Buyback Guarantee

Generally, investors often choose one troy ounce investment coins. These coins weigh 31.103 grams of pure silver and are easy to trade. The Silver Mountain exclusively sells pure silver coins containing 99.9% pure silver.
 
Silver coins vary in design and are produced by the mint of the respective country. For instance, the Maple Leaf is from Canada, and the Wiener Philharmoniker is from Austria. When investing in silver coins, the design is irrelevant. We recommend selecting the cheapest silver coin, as this will maximize the silver content for your money. Additionally, we offer a buyback guarantee where we make no distinction in our bid prices based on the coin's design. In other words, we offer the same price for a Maple Leaf as for a Wiener Philharmoniker.

What silver coin should I buy?

American Eagle Silver Bullion Coin

The Silver American Eagle is the official bullion coin of the United States and is one of the world's most recognized silver investment coins. Weighing 1 troy ounce (31.103 grams) and struck in pure silver, the Silver American Eagle is highly popular among physical silver investors despite the relatively high premium. The United States government guarantees the weight, content, and purity of the Silver American Eagle.

Since 2021, the reverse side features an eagle about to land, holding an oak branch as if adding it to a nest. To enhance security, these coins have improved safety features, including a reeded edge variation. Each coin has a purity of 99.9% silver and is considered one of the most beautiful American coins ever minted.

Canadian Silver Maple Leaf

First issued in 1988, the Canadian Silver Maple Leaf has become a highly recognizable bullion coin. Produced by the Royal Canadian Mint and issued annually by the Canadian government, the Canadian Silver Maple stands out with its classic design and very high purity (99.99%). The obverse features a portrait of Queen Elizabeth II, but the coin is primarily known for the iconic maple leaf on the reverse. Since 2024, the reverse displays the portrait of King Charles III. Comprising 99.99% fine silver, the Silver Maple Leaf is an excellent investment.

You might wonder: what is the difference between a Canadian Silver Maple and an American Silver Eagle? The American Silver Eagle coins are composed of 99.9% silver compared to the 99.99% silver in the Canadian Maple Leaf. Although the Canadian Maple Leaf has a higher purity, these coins are more prone to milk spots, which makes them less appealing to collectors. These spots do not affect the coin's silver value or our buyback guarantee.

In conclusion, the Canadian Silver Maple Leaf is an outstanding investment due to its high purity, with its purity and weight certified by the Canadian government. The 2021 Silver Maple Leaf is legal tender in Canada with a face value of CAD $5. This investment coin is recognized and highly tradable worldwide.

Silver British Britannia

The woman on the coin is the mythical figure Britannia, depicted in a classic dress, standing powerfully against a fierce storm with her shield. Holding a trident in one hand and a shield and olive branch in the other, the coin symbolizes British Bullion's strength and tradition.

Produced by The Royal Mint, the silver British Britannia is known for its beautiful design and reliability. Since 2013, the coin's fineness has been increased to 99.9%. Investing in this coin is recommended due to its high status in the global precious metals market, ensuring excellent value with significant liquidity potential.

Silver Wiener Philharmoniker

Due to the great success of the gold Wiener Philharmoniker coin, the Austrian Mint has been striking the silver Wiener Philharmoniker coin since 2008. Named after the renowned Austrian symphony orchestra founded in 1842, the obverse of the coins features a beautiful design: a bouquet of Philharmonic instruments, including a cello, a zither, a horn, and violins. The reverse showcases the Golden Concert Hall, home of the Wiener Philharmoniker. The coin has a smooth edge and a diameter of 37mm. The 2021 Wiener Philharmoniker coins weigh 1 troy ounce (31.103 grams) and are made of pure silver (99.99%). With a nominal value of EUR 1.50, this coin is legal tender.

Silver Wiener Philharmoniker
Due to the great success of the gold Wiener Philharmoniker coin, the Austrian Mint has been striking the silver Wiener Philharmoniker coin since 2008. Named after the renowned Austrian symphony orchestra founded in 1842, the obverse of the coins features a beautiful design: a bouquet of Philharmonic instruments, including a cello, a zither, a horn, and violins. The reverse showcases the Golden Concert Hall, home of the Wiener Philharmoniker. The coin has a smooth edge and a diameter of 37mm. The 2021 Wiener Philharmoniker coins weigh 1 troy ounce (31.103 grams) and are made of pure silver (99.99%). With a nominal value of EUR 1.50, this coin is legal tender.

72% Silver Dutch Coins

Dutch guilders, rijksdaalders, and ten-guilder coins are minted in 72% silver. These coins are now traded for their silver value, which exceeds their nominal value. Investing in physical silver this way is economical and feasible in small denominations.

We trade these silver coins in bags of 2 kilograms of pure silver, with a gross weight of 2.78 kilograms. These include both pre- and post-war silver guilders, rijksdaalders, and ten-guilder coins, all minted in 72% silver. This is the most affordable way to purchase silver. However, our supply is limited to what we acquire from individuals, so these bags are not always in stock.

Silver Australian Kangaroo

The silver Kangaroo, minted by the Perth Mint, is a powerful symbol of Australia. In late 2015, the Perth Mint introduced the 1 troy ounce silver Kangaroo, struck in 31.101 grams of pure silver (99.99%). 

The obverse design is similar to the popular 1990 gold Kangaroo coin, also known as the Golden Nugget, featuring a large kangaroo. The reverse depicts Queen Elizabeth II, and since 2024, King Charles III. The silver Kangaroo is legal tender in Australia with a face value of AUD $1.00. Like other silver coins, the Kangaroo coin is traded under the margin scheme.

Chinese Silver Panda

Another reputable investment option is the Chinese silver Panda coin, issued by the Chinese government since 1982. Each year, the series features a new image of the giant panda, China's revered icon, increasing its popularity and leading to more coins being minted annually.

The reverse of the coin displays the Temple of Heaven in Beijing. The silver Panda coins are made of 99.9% pure silver and are legal Chinese tender. Additionally, they are available in gold with weights of 1 gram, 3 grams, 8 grams, 15 grams, and 30 grams. The Chinese mint is unique in using gram weights for their coins, whereas other mints often strike troy ounce coins (31.103 grams) and their fractions.

Silver Kilo Coins

We also offer various silver kilo coins and coin bars. For individuals, silver bars are subject to 21% VAT. As an alternative, The Silver Mountain offers kilo coins and coin bars traded under the margin scheme, making them much cheaper.
 
We provide the StoneX and Silverstone coin bars, as well as various kilo coins with new designs issued annually.

Disclaimer: The Silver Mountain does not provide investment advice, and this article should not be considered as such. Past performance is not indicative of future results.