How To Invest In Silver With Six Easy Steps

Silvers seems to always come in second to gold when considering precious metals. However, silver can be a quality option for individuals who are looking to invest in precious metals and want an option that will provide permanence and stability. There are several ways to invest in silver, with each option offering a level of risk and reward. Follow the six steps below to begin your investment and hopefully see a solid return on your silver purchases.

 
Make the Decision to Invest
To begin, you have to make the decision to invest. Learn as much as you can about silver. Silver has a value based on troy ounce which has ranged in inflation adjusted price from $4 to $106. This means and investment can pay off handsomely or you could lose money depending on when you sell, like all investments. The perspective of risk, silver is a good investment. Silver has practical uses as well as has a value that can increase, as the metal remains in demand.

 
Diversify Your Investment
Whenever you ask an investor for advice, they will say that it is wise to diversify your portfolio. The same is true for silver investing. Spread your money in different areas of silver to have the potential to see a larger gain. This could mean investing in junk silver, silver bullion, silver coins, etc.

 
Consider the Purchase Type
Once you are ready to purchase, you will want to decide on the type of silver purchase you will make. Will you invest in stock of silver or purchase the actual item? Will you keep silver bullion on hands, be it silver coins or bars, to place in a safe deposit box for safe keeping? Many individuals like to have the actual item on hand to be able to feel secure about the investment. The only downside is you will have to have space for the silver and provide protection.

 
Silver Bars

One option for purchase is silver bars. A silver bar will be 99.9% pure silver and be a cost effective way to invest in the precious metal. The bars come in varying weights and shapes. You may find bars hard to come by. In most cases, a bullion dealer or bank will have the option to purchase. Be sure to work with reputable individuals only for a quality investment.

 

Silver Coins

As far as options go, silver coins provide more variety than bars. Coins are easily transported and are a convenient way to begin a silver investment. However, coins can have a higher markup price which means you may pay more to get started. You also have the option of collecting silver collectible coins which can provide you with more value. In the instance of coins, it is best to decide if you want to invest in the silver aspect or a mix of silver with collectible features to add more value.

 
Choosing When to Sell

Part of investing is selling. When you have a silver collection, be it collectible coins or silver based, it is important to know when to sell. You want to get the most money for your items and a coin company can help you do this. Work with Colonial Acres Coins to be able to get the most money for your silver, including coin values, the price of silver, etc. Colonial Acres has the know-how to get you on the right track for investing as well as starting a silver coin collection.

Popular Canadian Coins of the 80’s

Have you started a coin collection featuring coins from Canada but are unsure as to which coins are actually worth collecting? There are many coins from varying decades in the history of Canada that are interesting and unique, perfect for the new collector. Once you know the best coins in circulation as well as those that may not be in circulation any more, you can begin to add value to your collection. From the penny to the Canadian 50 cent coin, you will find several options from the 80’s to have a solid coin collection.

1 Cent 1983

In the year 1983 a 1 cent coin was created that features Queen Elizabeth II on the front and the maple leaf on the back. Similar to other penny coins, this particular coin can have an error that makes it collectible. On both sides of the coin there are small beads that outline the outer edge. The variations of this penny include near beads and far beads, meaning how close the beading is to the outer edge.

5 Cents 1980

The printing of the 5 cent coin in Canada in the year 1980 has an error that makes this coin collectible. The coin features a beaver on the back in the water, which has the date listed below. The collectible version of this coin has the date printed twice. This coin can be worth a great deal depending on the grading.

10 Cents 1980

This 10 cent coin was created in 1980 printings to include a sailboat on the back. There are two types of this coin, one with a wide 0 for the 10 cents section and one with a narrow 0 for the 10 cents portion. The value of this coin depends on the type of 0 on the coin as well as shape and grading.

25 cents 1980

This 25 cent coin was created in 1980 with two distinct categories, one with near beading and one with far beading. The coin features beading near the outer edge on both sides. The value of this coin from 1980 will be dependent on if the beading is near the edge or farther away.

50 Cent 1982

A coin with high value is the 50 cent piece from 1982. This coin can be worth as much as $350 with the right grading and the presence of small beads. Beading is located on the outer edge of this coin and when you have the smaller beads on your coin, you may have an item that is worth a great deal. Canadian 50 cent coin value can vary based on several factors including the condition of the coin, the presence of the beading size plus the grading factor. To learn the true value, you would need to have the coin appraised by an expert.
To learn more about Canadian coins from the 80’s, contact Colonial Acres Coins. The appraisal and auction company can assist you with finding coins from the 80s as well as helping you to appraise or build your collection. Contact Colonial today to learn just what services they can provide for you.

Recycle Your Old Jewellery

Many women have an expansive jewellery collection. Earrings, bracelets, a necklace or even a brooch can help style any outfit, making one feel glamorous and complete. When not wearing jewellery, a woman can feel incomplete. So it is no surprise that many women have an expansive jewellery collection. When a collection becomes too big, something must be done so even more jewellery can be purchased! One option is to recycle your jewellery. There are several ways to do this from giving gifts to selling your more collectible pieces. Read on to see just what you can do with old jewellery pieces.

Selling your Most Valuable Pieces

When a piece of jewellery has become something that you are no longer wearing, you can consider selling the old piece. A real piece of jewellery, made of gold or silver, with gemstones can fetch quite a price, especially if the piece is an antique. Any pieces that you feel may have value or you are unsure as to how much value, have the item appraised. An expert jewellery appraiser will be able to determine the value of old coin jewellery or other pieces to help you get top dollar. Sell used jewellery at a premium so you can have extra cash for vacation, a rainy day or to buy new pieces.

Make sure you work with a qualified appraiser to ensure the value of your piece is authentic. An appraiser with a top rating in the jewellery industry as well as one with experience can be trusted to give you the best value for your items. During the appraisal process, the appraiser will need to evaluate your pieces. Each item will be reviewed for gemstone cut and clarity, metal type, condition, etc. Once this information is obtained, the appraiser will be able to give you a clear value to the piece. You can then choose to sell your jewellery pieces or hold on to them a little longer.

Trade with Friends

Another option for recycling your old jewellery is to trade with friends. Set a date and invite friends over to have a jewellery trading party. Everyone can bring a certain amount of jewellery to the party and games can be played to see who ends up with what piece. This can be a fun night with friends as well as give you the opportunity to get rid of old items while gaining something new.

Give as Gifts

Whether you have expensive pieces of jewellery you are no longer using or costume jewellery, you may have family or friends you wish to give the pieces to as gifts. Graduation, birthdays or just because, you can give you coveted pieces to the ones you love. Loved ones will cherish the piece as it has sentimental value as well as possible currency value depending on the metal and gemstone of the piece.
To learn the value of your jewellery and see if recycling your jewellery is right for you, contact Colonial Acres Coins. They can evaluate your jewellery pieces and let you know what would be the best route to go. Their experience and knowledge in this industry is vast and they can help you get the best value for your jewellery and your money.

What is Coin Recycling?

Coins are a common form of currency across the globe. Coins have been produced for decades and used as a form of payment based the current economy. Because coin production has changed over the years, coins have become somewhat of a collector’s item. Coin values can be quite high and lead to an impressive coin collection when an individual is able to gain access to unique pieces. Coins also have the option of being recycled to help avoid the need for production. Learn more about coin recycling below.

What is the purpose of Coin Recycling?

The purpose of coin recycling is to help lower the need for coin production. The Royal Canadian Mint has a quality recycling coin program, allowing individuals to turn in coins and receive cash back. The coins turned in are then put back into circulation. This means the coins are used again and the Royal Canadian Mint does not have to create more to be circulated into the economy. Recycling coins is an efficient way to provide coins for individuals to use as well as a cost-effective and environmentally friendly manner in which change is provided for the marketplace.

Turn Small Change into Money

With the Royal Canadian Mint, coin collections can be turned in for cash. Of course, your high coin values should be kept in your collection but turn in any large collections of pennies, dimes, nickels or quarters to be able to paid quick cash. Even loonies and toonies can be recycled. The coins will add up fast and you will have cash that can be used for a rainy day, a vacation trip, or added to a savings account.

Start Collecting

It is easy to start a coin collection that can be recycled. Take a large jar and begin to place your loose change inside. Set a goal to fill the jar and once filled, you will be able to turn your change in for cash, maybe even earning hundreds of dollars in the process. With every coin you recycle, you will be able to preserve the environment as this is one less coin that has to be produced.

Make Collecting Fun

You can get the entire family involved in coin collecting for recycling, making the process fun. Take several jars and create one for pennies, one for nickels and so on. Be sure to keep the jars separate and see just how quickly each jar fills up. Does the quarter jar fill up quicker than the penny jar? Make the process fun and educational so that your kiddos will be excited to recycle coins as well. A pickle jar makes the perfect container for change and can hold quite a bit! Over 8,000 dimes can fit inside a four liter pickle jar which means around $840 for you!

Coin Counting Machine

To make counting your coins for recycling easy, you can use a coin counting machine. Machines are located everywhere, especially in Canada, to make it easy for you to turn in your cash. Look for these machines when you are ready to cash in!
When you need assistance with your coin collection or to learn more about coin recycling, contact Colonial Acres Coins. The company can easily assist you with information on coin collection, coin values and more.

The Obverse and Reverse: Which is Which?

When you think of a coin a simple description would be a round piece of metal, however a coin is more than just pieces of metal molded and designed to look pretty. There are many factors and stories that make up a coin. It can represent a certain country’s culture and tradition, feature important information such as where it was minted, the year of mintage or issuance, its monetary value or denomination, and the authority under which the issuance of the coin was done.

Each coin has two faces: the obverse and the reverse. The obverse, or in layman’s terms, the heads is considered the front of a coin. The reverse, or the tails, is the back of a coin.

It is sort of confusing determining which is the obverse or reverse side of a coin, but with a proper guide you will be able to tell the two apart. Here are some differences between the two sides which you may want to check out to understand your coins better. However, this is not applicable to all coins, as the obverse and reverse sides have been food for arguments in the coin collecting community for as long as we remember.

The Obverse

Since the obverse side of the coin is the front, it usually shows a bigger proportioned image and features a head of the country’s leader. In countries where monarchies exist, the bust or side profile of the king or the queen is found on the obverse side of the coin. One example of a coin that features the bust of a royal is the Canadian silver bullion coin, the Canadian Silver Maple Leaf. The obverse shows the bust of Queen Elizabeth II. If you ever plan to buy a silver Canadian coin, try to get a look at the obverse.

In republican and non-regal countries, the coat of arms or any designation of the country is placed, such as famous landmarks. It also usually has the date of mintage or issuance. One exception to this is the US 50 State Quarters because of new legislation.

The Reverse

The reverse side is the face of the coin that usually carries or features the coin motif and the denomination of the coin, if it wasn’t already shown on the obverse. In the case of the Canadian silver bullion coin which is the Silver Maple leaf, the reverse features a maple leaf and the name of Canada.

The reverse and obverse sides of coins have been the subject of debate for years, and the only safe way to determine which is which is by getting a standard official catalogue of the coin collection you want to have or are looking for.

Knowing what is on the obverse and reverse sides of a coin is a very important part. If you enjoy coin collecting an excellent guide to have are coin catalogues which help make sure you know all you can about a certain coin.