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Kitco Silver and Huge Silver Investing Mistakes

If you are an avid silver investor, you will probably already know of Kitco Silver. Kitco Silver is a leading metals and investment research site, that gives you up to date market analysis and news on precious metals. However, if you are not aware of certain developments in the silver bullion and numismatic coin industry, you could be leaving a TON of money on the table.


If you are an avid silver investor, you will probably already know of Kitco Silver. Kitco Silver is a leading metals and investment research site, that gives you up to date market analysis and news on precious metals. However, if you are not aware of certain developments in the silver bullion and numismatic coin industry, you could be leaving a TON of money on the table.

Kitco Silver: The Pros and Cons

Kitco Silver will give you the daily spot price of silver, as well as give you market fluctuation charts, etc. However, looking at the daily spot price could give you a false reading on the quality of this investment strategy the author is about to reveal.

The difference is simple. Kitco Silver gives you a spot price of the bullion, which fluctuates daily, but Graded Numismatic Coins are a very different story.

If you have a 2009 Silver American Eagle coin, .999 Pure Silver. The coin is worth the price of bullion, or spot price, more or less. The coin has been circulated, and is likely flawed to a certain extent. The MS70 coin however is GRADED, therein lies the difference. Companies like ANACS and PCGS grade coins based on their flaws, or lack thereof.

A Mint State 70 coin is a 100% perfect coin, and is the highest grade given to any coin. This means the coin is 100% flawless, then is preserved in an airtight case forever. A coin from 1997, graded MS70 would be worth over $500 today, while a regular bullion coin is worth around $35-$40. Graded coins always rise in value 99% of the time.

If purchased today, a 2009 MS70 Silver Eagle would cost around $150-$160 retail. However this author was able to procure his coins for around $109. Obviously, in 10 years the coin will be much more valuable, especially if silver continues to rise with inflation.

Kitco Silver Spot Price vs. Numismatic Coins

This author is a trainer in the home based business and investment industry. He is an avid investor in Silver and a Student of the markets.