In this declining economy, people are investing in silver for protection against inflation. A silver coins home business offers people a way to invest in silver and a way to make residual income. Before starting a home business, decide if you want to market American Silver Eagle coins or generic rounds and bars.
American Silver Eagle Coins
In 1986, the U.S. Mint in West Point, New York, produced eagle bullion coins with their weight, content and purity guaranteed by the United States. The American Silver Eagles is the most popular collectible coin. Each coin contains one troy ounce of .999 pure silver and the diameter is one and half inches. In 2010, more than thirty-four million coins were sold to investors. People can purchase eagle bullion coins or eagle numismatic coins.
A bullion business will sell eagle coins at a small premium over the spot price of silver. Affiliate marketing companies and a wholesale buyers club business sell bullion coins. In an affiliate marketing company you will make commission on your referrals to the company. In a wholesale buyers club business you make commission on referrals to the company and also commission in the binary compensation plan.
Numismatic eagle coins are graded by The professional Coin Grading Service, Numismatic Guarantee Corporation and the American Numismatic Association grading companies. After they are graded, the coins are put in a plastic case with the year, grade and their own unique serial number on the case. A grade of MS 70 is the highest grade available for a coin. MS is an abbreviation for mint state. Coins are graded on a scale from 1 to 70. Seventy is the best grade for a coin.
Numismatic coins sell for a higher premium, because you are also paying for the rarity and collectible value of the coin. Silver network marketing companies sell numismatic coins to people. A wholesale buyers club business sell numismatic and bullion coins to people. In network marketing companies you will make commission on referrals and also commission in the compensation plan.
Generic Rounds and Bars
Silver rounds and bars are manufactured from private mints and come in many different designs. These rounds are a bullion product but do not have legal tender and any face value. The rounds are one ounce, .999 pure silver and are the most popular investment option because they have the lowest premium over the spot price of silver. The most popular generic round is the Buffalo round. This round has the same design as the Indian Head/Buffalo nickel. The Sunshine eagle round have an eagle flying through the sun on the coin and are also a very popular generic coin.
Generic silver bars come in many different weights and require a bigger investment. Affiliate marketing companies and a wholesale buyers club business sells generic rounds and bars.
With today’s economic uncertainties, there is a higher demand for silver as an investment. American silver eagle coins and generic rounds are two products you can market to people. A silver coin home business offers people a way to invest in silver and a way to make money by offering real, tangible assets to people.