Looking for a five ounce silver America the Beautiful bullion coin? More people collect US coins than those of any other nation so a mintage of 33,000 is a drop in the bucket when it comes to satisfying demand. What should have been a mintage three times larger shrunk due to technical difficulties at the US Mint.
Generic coins, or rounds, are generally produced by private mints who create coins with interesting designs, but have no rarity or special value associated with them. They are commonly printed with the words “.999 Fine Silver” and “One Troy Ounce” to make the contents of the coin clear. The value of a round is based on the content of the precious metal, not for the condition or rarity of the coin.
I loved Norm. He was not only a friend from church but also a neighbor. He was born in Scotland and even had a kilt. He was raised in Chicago and was rough around the edges. I really related to Norm. His wife Annie and he looked alike but were as different as day and night. She is a pacifist and a Democrat. He was a Republican and a veteran of the Marines. She is very perfectionist and prim. Norm was a slob with papers everywhere in his “>coin shop Madison. These investors are willing to pay higher prices in order to protect their wealth. This demand for more silver will cause prices to drive higher as to prevent a repeat of what the Hunt Brothers did back in the 80’s. Not only do you have individual investors purchasing physical silver but you have stock exchanges purchasing silver as a part Futures contracts. These futures contracts allow an investor to “own” silver without having to store the silver themselves. They can demand their silver at any time by exercising their contracts. The futures market is a lot larger than you can imagine and prices will move based on the demand.
So, arm yourself with knowledge. Learn what to look for. Visit a coin shop or bullion dealers and handle the coins you are interested in. Avoid anyone who tries to pressure you into buying. Then, when you feel confident, walk into a store and buy what you can see.