Modern Silver Bullion Coins
Below are a few examples of popular silver bullion coins.
Silver Eagle, USA.
This was first minted in 1986. It is only available as a one ounce coin containing one troy ounce of silver 99.9% pure. It has a face value of one dollar. The coins weight and purity are certified by the United States Mint. As well as the popular bullion coin the Mint has also made a proof coin and an uncirculated coin for collectors.
The coin’s obverse depicts the “Walking Liberty” design by Adolph A. Weinman, the year of minting, the word LIBERTY, and the words IN GOD WE TRUST.
The coins reverse was designed by John Mercanti and shows an eagle behind a shield grasping an olive branch and arrows, above the eagle are thirteen stars. It is inscribed with UNITED STATES OF AMERICA, 1 OZ. FINE SILVER ONE DOLLAR, and E PLURIBUS UNUM and, if applicable, the mintmark.
The coin weighs 31.103 g (1.00 troy oz) Diameter 40.6 mm and is 2.98 mm Thick, it contains 99.9% pure silver. Minting years (bullion) 1986 to date,
(proof) 1986 to 2008, 2010 to date, (uncirculated) 2006 to 2008, 2011 to date.
Silver Panda, China.
Silver bullion coins issued by the People’s Republic of China. Pandas are minted in different sizes and denominations with a different design every year. Coins are available from 1/2 troy oz to one kilogram. Gold Pandas have the same design.
The 10 Yuan Panda is the one troy ounce coin weighing 31.22g and is 39.0mm diameter.
Other Pandas are 1 kilogram (300 Yuan), 12 ounce (100 Yuan), 5 ounce (50 Yuan), ½ ounce (5 Yuan), and ¼ ounce (3 Yuan).
Silver Panda coins were first issued in 1983, the 1984 and 1985 coins were proofs with a weight of 27 grams of .900 fine silver, 38.6 mm diameter. 10,000 coins were minted each year. No silver Pandas were issued in 1986. The 1987 silver Panda coins were proofs. one troy oz. of sterling silver (.925 fine), 40 mm diameter.
The obverse depicts the Temple of Heaven with Chinese characters meaning People’s Republic of China. At the bottom is the year issued.
On the reverse are pictures of pandas that change every year (2001 and 2002, had the same design).
There are several different types of coins issued , Uncirculated, Proof, Gold Plated or Gilded, Coloured, Privy marked for different distribution and Privy marked commemorative issue, (can also be gold plated). Privy marks are little designs incorporated on the coin to mark a special event.
Silver Maple Leaf, Canada.
A silver bullion coin minted by the Royal Canadian Mint from 1988.
The 1 oz coin has a face value of 5 Canadian dollars. The coin is 99.99% silver, which is one of the highest silver contents of bullion coins.
The coin depicts a maple leaf and contains one troy ounce (31.1 g) of silver. A proof version was made in 1989, some have different designs, other variations have contained holographic effects and, a coloured maple leaf, some also have privy marks (such as little depiction of the Titanic to commemorate the sinking of the ship).
A 10 oz coin was produced in 1998 to mark the 10th anniversary.
The obverse depicts Queen Elizabeth II. There are three different versions, a young head, an old head , and an older head design. The year and the face value are also displayed.
The reverse depicts a picture of a maple leaf. Some show a small privy mark to commemorate an event and some have the colour or holographic enhancement. The coins all have the words ‘Fine Silver 1 oz Argent Pur’ on the reverse of the coin.
One troy ounce, silver content: 99.99% 38mm Diameter: Minted from 1988 to date
Other Silver Bullion and Collectable Coins
There are many different types of silver coin, whilst bullion coins appeal to investors (who are mainly interested in the silver content), they are also collected, proof and other special versions of bullion coins are made for collectors.
There are also many coins which are made for collectors in Sterling (0.925) Silver. These are worth mentioning and whilst are not classed as bullion, still have a high silver content and are mainly made as Proof versions of the original coins in circulation.
One example of collectable coins are Modern British Sterling Silver coins.
This is a LIMITED EDITION QUEEN ELIZABETH II (0.925) SILVER PROOF 50P COIN in capsule
Subject: 50TH ANNIVERSARY OF THE NATIONAL HEALTH SERVICE.
Country UNITED KINGDOM
Denomination: 50p pence
Alloy: .925 Silver
Strike: superior proof quality finished coin.
This is a 1989 Royal Mint Bill and Claim of Rights £2 Two Pound Silver Proof Coin (Part of a two coin set).
Weight: 15.98 Grams / Diameter: 28.40mm
Metal: .925 Sterling Silver
Quality: Silver Proof
These coins are presented in an original Royal Mint box with a Certificate of Authenticity.
These legal tender coins have been struck to proof quality using specially prepared dies and highly polished blanks.