Gold, silver and platinum are considered expensive and rare-earth metals. They had often been considered as a token of wealth, power and prosperity of people and their life style from historic time. In ancient civilizations like in Egypt, Roman Empire and East Asia, upper class men and women such as kings, queens, and wealthy businessmen preferred wearing silver and gold jewelry to show their power and prosperity. These precious metals were also used in trade as a source of exchange. Even today, precious and rare-earth metals like gold, silver and platinum are a token of wealth and are very expensive, therefore a good choice for investors to put their money into.
Investing in precious metals has caught a lot of attention from the investing community, especially at a time when the local and foreign currencies are increasingly depreciating against the USD, that at some point of time, local currencies would value only as much as the paper it's printed upon. However, the value of metals stays intact despite the global economic condition. If there's a change, it's only towards the good side. Further, the global consumption of precious metals is very high that the demand often exceeds supply and hence there's always a good market for precious metals, making it a tempting investor's choice.
Investing in silver proves to be more economical and profitable than gold. Investing in silver is a favored by medium and small scale investors as it's affordable than gold. According to latest prices at the precious metal market, one ounce of gold can be sold for 1770USD and the same amount of silver can be bought for around 35USD. The rates are expected to increase up to 2000USD and 50USD for gold and silver respectively by the end of 2013.
For over 4000 years, silver has been highly esteemed as a form of money and a valuable asset. Investing in silver commonly takes place in terms of buying silver coins or bars. Buying silver coins is quite challenging as there are some rare coins which are higher in value, therefore a very attractive investing item. They bring good money when sold. 1885 silver dollar coin is one such popular collection item for an investor. In silver investment market this silver coin has always performed well.
1885 silver dollar coin under moderate condition is estimated to be sold at $35 and 1885 silver coin in perfect conditions without any damages can value around $400. Further, uncirculated 1885 silver dollars worth multiple times the price of circulated silver coins. The 1885 silver dollar at Philadelphia mint (with no mint mark) and New Orleans mint (O) are the easiest to find and worth around $11-$25 on average. The San Francisco (S) and Carson City (CC) mint silver dollar are more expensive as their production is low.
Investing in precious metals has caught a lot of attention from the investing community, especially at a time when the local and foreign currencies are increasingly depreciating against the USD, that at some point of time, local currencies would value only as much as the paper it's printed upon. However, the value of metals stays intact despite the global economic condition. If there's a change, it's only towards the good side. Further, the global consumption of precious metals is very high that the demand often exceeds supply and hence there's always a good market for precious metals, making it a tempting investor's choice.
Investing in silver proves to be more economical and profitable than gold. Investing in silver is a favored by medium and small scale investors as it's affordable than gold. According to latest prices at the precious metal market, one ounce of gold can be sold for 1770USD and the same amount of silver can be bought for around 35USD. The rates are expected to increase up to 2000USD and 50USD for gold and silver respectively by the end of 2013.
For over 4000 years, silver has been highly esteemed as a form of money and a valuable asset. Investing in silver commonly takes place in terms of buying silver coins or bars. Buying silver coins is quite challenging as there are some rare coins which are higher in value, therefore a very attractive investing item. They bring good money when sold. 1885 silver dollar coin is one such popular collection item for an investor. In silver investment market this silver coin has always performed well.
1885 silver dollar coin under moderate condition is estimated to be sold at $35 and 1885 silver coin in perfect conditions without any damages can value around $400. Further, uncirculated 1885 silver dollars worth multiple times the price of circulated silver coins. The 1885 silver dollar at Philadelphia mint (with no mint mark) and New Orleans mint (O) are the easiest to find and worth around $11-$25 on average. The San Francisco (S) and Carson City (CC) mint silver dollar are more expensive as their production is low.
About the Author:
Interested in conserving your wealth? Think about investing in silver, it's the most worthy investment option you could ever ask for!. Also published at Conserve your Wealth - Investing in precious metals.
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