PORT CHESTER, NY -- (Marketwire) -- 03/05/13 -- According to National Collector's Mint, more and more investors are beginning to stock up on silver coins. The company highlights a recent article from Money Morning, which explains this trend. According to the article, the early weeks of 2013 have been marked by an increased number of investors seeking to shore up silver coins, as a way of capitalizing on the rising price of this precious metal. This trend has won the attention of National Collector's Mint; the company has weighed in on the article with a new statement to the press.
As reported in the Money Morning article, a "remarkable" number of small investors are betting big on physical silver coins. In fact, the article says, "A record 7.5 million ounces of silver coins were sold in January." Midway through the month of January, the United States Mint had to announce the suspension of sales for its 1-ounce American Eagle silver bullion coin -- a coin that sold out its entire inventory in just two weeks' time.
National Collector's Mint has made note of this important trend, though it impacts the company just tangentially. "It is true that National Collector's Mint's customers are often influenced by the trends in the precious metal markets," the company affirms, in its press statement, before making a critical distinction. "However, National Collector's Mint sells its rarer coins as collectibles, not as investments -- though they are wonderful investments in American history."
Ultimately, National Collector's Mint believes its collectible coins often hold greater long-term value than mere bullion coins, like the American Eagle. "Coins with numismatic value, due to their nature, rarity or other specifics, often appreciate or hold their value much better than mere bullion products," the company remarks.
The article in Money Morning notes that silver bullion coin sales began to rise at the end of last year, as many investors feared the worst about the U.S. "fiscal cliff" scenario.
According to the article, silver is the preferred precious metal among many small investors, simply because it requires much less capital than gold or platinum investments.
National Collector's Mint, founded in 1991, is one of the world's largest coin sellers, and is known as one of the leading providers of high-quality commemorative and collectible coins.
National Collector's Mint is an internationally respected coin and collectibles company, headquartered in Port Chester, New York. The company was founded in 1991, and since then has grown from a two-person operation into an enterprise of more than 50 employees. The company's spokespeople include former U.S. Congressman Barry Goldwater, Jr. and Angela Marie (Bay) Buchanan, the 37th Treasurer of the United States. National Collector's Mint is not affiliated with the U.S. Treasury Department but is one of the largest direct to consumer coin sellers in the nation. National Collector's Mint is well-regarded for its high-quality commemorative coins and collectibles, always designed to meet the highest standards of quality and often including fine, precious metals. The company is known to coin collectors throughout the world.
Most Popular Stories
- Steven Sotloff Beheading Video Claimed by Islamic State
- Men Are the Big Winners in the Jobs Recovery
- Apple Planning to Launch Mobile Wallet
- California Hispanic Chamber Picks New Chair
- Challenge to Texas Voter ID Begins
- U.S. Drones Hit al-Shabab in Somalia
- Ford Is Finding Success With Its 'Unminivan'
- Durant Spurns Under Armour to Return to Nike
- Auto Industry Going Back to Bad Habits
- Health Care Hiring Up, Wages Down