Top 5 Silver Coins to Stack for a Monetary Collapse
What would you do if your government’s currency could no longer buy you the things you need to survive?
If an economic collapse were to happen, that’s exactly where things might stand. Many coin collectors consider their collections a safeguard against such a situation. Yet, it’s important to get coins that will still have value when your country’s currency doesn’t.
Here are the top five silver coins to buy if you want to be ready for monetary collapse.
Focus on Silver
As you’ll notice in the next section, all the best coins for survival are silver coins. There are three main reasons for this.
First, silver is a precious metal that has been used as money since ancient times, even before the idea of fiat currency ever arose. That means it will still likely be considered valuable.
Second, silver has a relatively low cost now, so it’s currently easier to stock up on many silver coins. Lay in some monster boxes, and you’re ready for the collapse (while we know it is not that simple, but keep reading to learn more about which type of silver to focus on).
Third, the coins for such hard times need to have value but not too much. If you were to buy very expensive coins for this purpose, you would have a hard time buying the basic items you needed. Few people would be able to make change for gold coins, so you might end up giving up more value than the items you want to buy are worth.
One more thing about silver; you need to focus on silver coins that have high silver content. After all, coins with very little silver aren’t worth much, especially when the monetary system is failing.
Go for Recognizable Coins
When the monetary system is shaky or in freefall, people may take payments in silver coins or even gold coins. There are many ways people might use coins if the monetary system collapses and the dollar fails, including barter, buying on the underground market, or using collectible coins as legal tender.
Check out the video below from 2021 discussing how Venezuelans were forced to use gold and silver for common goods after the bolivar collapsed.
However, they won’t likely accept a coin unless they recognize it. Unless it’s a coin they’re familiar with, many of the people selling items won’t know how to tell what percentage of silver the coin has. Some won’t even be able to tell if it is silver.
Beyond that, they want to know that the coin they are accepting will have value if the economy recovers, which is more likely if it’s a well-known coin.
Top Five Coins
Here are the five coins you’ve been waiting for – the coins that would serve you best if the dollar collapsed.
Each of these coins is recognizable and has a relatively high percentage of silver. You can check out the silver content of coins in our comprehensive guide. They have significant but not excessive value, so they will be good for purchasing what you need for daily life.
American Silver Eagle
The American Silver Eagle was first produced in 1986 and has become a favorite around the world, but especially so in the U.S. In fact, we have many customers born and raised in other countries that now live here who share with us that this is the most popular silver coin in their country; even in Russia! This isn’t surprising, considering nearly 600 million of these coins have been produced.
The United States mint guarantees its weight of 31.1 grams and silver content of 99.9% pure silver. Its iconic Walking Liberty design, created by Adolph A Weinman, would be recognized by nearly any individual or business owner as an American silver coin. What’s more, it’s legal tender and with more and more state legal tender laws being passed, it may begin to circulate as currency for its silver value even if a monetary collapse never comes to pass.
Morgan Dollar and Peace Dollar
Morgan dollars and Peace dollars have a long history. Produced by the U.S. Mint from 1878 – 1935, these 90% silver dollars were widely circulated throughout the U.S. and abroad. Needless to say, they are well known and are likely to be recognized in a currency collapse.
While there are some expensive rarities, you can get these coins for a relatively low cost if you stick to the common date coins. You don’t even need them to be in fantastic condition if your purpose is to save them in case of economic disaster. However, it’s probably best to stay away from heavily worn coins, as it may be difficult to make out the details of the coin, or for that matter, even recognize it as a Morgan or Peace dollar.
Unlike the American silver eagle, these coins contain less than one troy ounce of fine silver. Rather, the silver content is .774, but as mentioned above, they tend to trade at a little higher rate due to their collectible value.
Before 1965, much of the U.S. small change was made from 90% silver. These coins are commonly referred to as “junk coins” if they are common date coins in circulated condition. That’s because they are not valuable as collectors’ coins, but in a crisis, they would have worth for buying things.
You can sometimes find these coins in circulation. More likely, you would buy them in a “junk coin bag” from a dealer as these coins have become more popular in recent years. Many feel these 90% silver coins would come in very handy for small purchases if you should ever face a situation in which the country’s fiat currency had no value.
These silver coins include half dollars, quarters, and dimes.
However, remember, the last of these high-purity silver coins were made in 1964. Silver war nickels produced from 1942 – 1945 and 40% silver Kennedy half dollars minted from 1965 – 1970 might work in a pinch, but it’s probably best to stick with the more recognizable and popular 90% silver coins.
The Canadian Silver Maple Leaf, produced since 1988, is one of the most popular and purest silver coins produced by a government mint. In fact, it’s guaranteed by the Canadian government to contain exactly one troy ounce of .9999 fine silver. Even someone who has never seen a Maple Leaf coin would not be surprised that it is a Canadian coin, as the maple leaf is the country’s national symbol.
In recent years, new anti-counterfeiting security features have also been added to Maple Leaf silver coins, most notably, radial lines and a privy mark, which has further added to their popularity. This will also increase the likelihood that individuals or companies that you’re trading with will feel comfortable accepting them.
Modern Mexican Libertad coins are 99.9% fine silver. They are becoming more prevalent in the United States as more Mexican citizens immigrate to the U.S. If an economic collapse were imminent, buying Libertads would be a good choice. In fact, in recent months, we’ve received an increase in phone calls from individuals seeking Mexican gold and silver coins. Foreign coins may actually be very popular in hard times if their country of origin is in better economic shape than the U.S.
The coin features the “Angel of Independence” on the obverse and the coat of arm of Mexico on the reverse with the inscription “Estados Unidos Mexicanos,” making it relatively easy to identify it as a Mexican coin. Besides that, the people who have come here from Mexico would immediately recognize it and perhaps even prefer this coin.
Buy Silver Coins Now at Atlanta Gold & Coin Buyers
Whether you are trying to prepare for a monetary collapse or want to add valuable coins to your collection, Atlanta Gold & Coin Buyers can help. We have a large inventory of the most popular silver coins and bullion, with both common and rarer coins.
You don’t have to wait until the money system turns sour. You can stock up on silver coins now and have them ready when everyone else is scrambling to buy. On the other hand, if you have silver or gold coins you want to sell, we can help you there, too.
Contact us or give us a call at 678-515-5763 today to get started putting back coins for your economic safety, profit, or just for fun.