One of the best coins to begin your coin collecting with, is the buffalo nickel. This particular nickel was minted from the years 1913 to 1938. It was the first time that the image of an American Indian was placed on US coinage, and therefore it is also called the Indian head nickel. Many people also consider this to be one of the best designed coins in US history. So, if you are looking to add one of these to your collection; where do you look?

If you buy “>coin dealer Oak Ridge and purchase as many ounces you feel comfortable in buying. You can purchase as little as one ounce at a time. Usually coin dealers will charge you the spot price plus a small commission which can be anywhere from $1.50 to $5.00 per ounce. Don’t let the term spot price confuse you. It is the term used for the daily rate that one ounce of silver is selling for. For example, if you purchased an ounce of Silver on the date quoted above, the spot price would be $39.00. Make sure the silver you purchase has.999 imprinted somewhere on the coin. This insures that you are buying pure Silver.

We know you have coins that need to be cleaned, and we know you’re dying to clean them. So because you’re going to do it anyway, we may as well give you some safe cleaning tips. (Abstinence seems to be out of the question.) Please practice these techniques on inexpensive coins until you feel comfortable cleaning coins that are more desirable. Never clean coins that are valuable – take them to a professional instead. Finally, if you don’t feel comfortable cleaning coins, don’t do it.

During my first three years in college I was a math major. So I realize the silver investing formula in the title of this article is not mathematically correct. However, when monetary inflation sets in, the price of gold will skyrocket. And if, on top of that, the gold to silver price ratio moves to the historic norm, the mathematical rewards for silver investing will be equal to gold investing cubed.