7 Best Silver Coins to Buy for Investment 2023 (99.99% Purity)

by Chris Von Wilpert • Last updated August 22, 2023

Disclosure: We’re reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Today there are thousands of different silver coins to buy. We spent 63 hours comparing the top 50 to find the seven best you can use to invest in silver.

What are the Best Silver Coins to Buy?

  1. American Silver Eagle — best of the best
  2. Canadian Silver Maple — best safe investment
  3. Australian Silver Kangaroo — best silver coin design
  4. Chinese Silver Panda — best Asian silver coin
  5. British Silver Britannia — best European silver coin
  6. South African Silver Krugerrand — best African silver coin
  7. Austrian Silver Philharmonic — best classic coin design

Our Verdict — Best Of The Best

Price: Variable

The American Silver Eagle is the creme de la creme of silver coins, a must-have for both investors and collectors. We think it’s the best because of its worldwide recognition, strong resale value, and rock-solid guarantee from Uncle Sam himself.

The Best Part:

  • Backed by Uncle Sam. The American Silver Eagle has its authenticity and quality guaranteed straight from the U.S government. This assurance makes it a hot commodity in the resale market.

The Worst Part:

  • Premium price tag. The American Silver Eagle, much like a Rolls-Royce, commands a higher price due to its US government backing and high demand. Yes, you'll need to dig a bit deeper into your pockets for this coin — but it's definitely worth its weight in silver!

Get it if you want the gold standard (or should I say silver standard) in investment-grade silver coins that hold their value brilliantly over time.

I recommend you get your 1 oz American Silver Eagle coins from BullionStar.

(order now)

Best For

The American Silver Eagle is best for investors who want a high-purity, government-backed silver coin with an iconic design and strong resale value.

Top Features

  • Possess legal tender. The American Silver Eagle isn't just for collectors. It's official U.S currency, with a face value of $1.

  • High purity silver. With the American Silver Eagle, you're getting 99.9% purity.

  • Makes for a smart retirement choice. Stop worrying about fluctuating markets by including American Silver Eagle coins in your U.S Individual Retirement Account (IRA). 

  • Enjoy the exquisite design. The American Silver Eagle isn't just a coin, it's a masterpiece. Featuring Lady Liberty on one side and a Bald Eagle landing on the other… with every detail screaming elegance and sophistication.

  • It sells in a snap. The American Silver Eagle is an easy sell, anywhere you go in the world. It’s a collectible, after all.

Pricing

The American Silver Eagle comes in two pricing plans:

  • American Silver Eagle vault storage in the USA: Variable pricing, for investors who want to buy 1 oz American Silver Eagle silver coins, along with a secure storage solution at 0.59% of your stored value per year.
  • American Silver Eagle courier delivery: Variable pricing plus delivery, for investors who want 1 oz American Silver Eagle silver coins shipped directly to their address.

Try the American Silver Eagle today at market price.

Our Verdict — Best Safe Investment

Price: Variable

The Canadian Silver Maple is an ultra-secure investment-grade silver coin. We think it’s the best safe investment because of its unmatched 99.99% purity, advanced anti-counterfeiting technology, and worldwide recognition.

The Best Part:

  • Top-notch security features. Canadian Silver Maple coins that were minted from 2015 onwards are equipped with state-of-the-art Bullion DNA anti-counterfeiting technology, keeping your investment as secure as a Swiss bank.

The Worst Part:

  • It easily gets milk spotted. Canadian Silver Maple coins, particularly those minted before 2018, often get milk spots — annoying blemishes from air exposure and handling. To avoid this, go for coins minted in 2018 or later.

Get it if you want a highly secure silver investment that's as real as they come, without having to worry about counterfeit coins.

I recommend you order your 1 oz Canadian Silver Maple coins from BullionStar.

(order now)

Best For

The Canadian Silver Maple is best for investors who want to dip their toes into silver investment, without sweating bullets over the authenticity or counterfeit coins.

Top Features

  • It’s a 100% secure investment. Canadian Silver Maple's advanced Bullion DNA technology will keep counterfeit coins at bay with its micro-engraved security marks.

  • Enjoy guaranteed value. Each Canadian Silver Maple coin has a face value of 5 CAD, providing a baseline worth, even if the silver market were at zero.

  • Quality packaging. Whether you're buying one or 500, Canadian Silver Maple coins come in individual flips, mint tubes of 25, or monster boxes of 500 — all straight from the Royal Canadian Mint.

  • Unmatched purity. With a whopping 99.99% silver content, Canadian Silver Maple coins set the bar sky-high. Its purity levels are as good as it gets for silver coins!

  • Secure your retirement savings. With Canadian Silver Maple's IRA eligibility, you can add a sparkle of silver to your golden years!

Pricing

The Canadian Silver Maple comes in two pricing plans:

  • Canadian Silver Maple vault storage in the USA: Variable pricing, for investors who want to buy 1 oz Canadian Silver Maple silver coins, along with a secure storage solution at 0.59% of your stored value per year.
  • Canadian Silver Maple courier delivery: Variable pricing plus delivery, for investors who want 1 oz Canadian Silver Maple silver coins shipped directly to their address.

Try the Canadian Silver Maple today at market price.

Our Verdict — Best Silver Coin Design

Price: Variable

The Australian Silver Kangaroo is a top-tier investment coin with stunning designs that collectors love. We think it has the best silver coin design because of its annually changing artwork, high 99.99% purity level, and reputable minting source.

The Best Part:

  • Ever-changing coin design. The Australian Silver Kangaroo coin switches design up every year. Each edition is a one-of-a-kind coin to add to your collection.

The Worst Part:

  • Limited mintage. The Australian Silver Kangaroo coins require constant vigilance to keep up with yearly design changes and their availability.

Get it if you want a beautifully designed coin that doubles as a solid investment.

I recommend you order your 1 oz Australian Silver Kangaroo coins from BullionStar.

(order now)

Best For

The Australian Silver Kangaroo is best for collectors who love uniquely designed coins and appreciate their rising value.

Top Features

  • Stackable storage feature. The Australian Silver Kangaroo's 250 oz box is shaped like a poured bar, making it easy to stack and store. Plus, filling one up is fun!

  • Get limited editions. Due to their annual design change, certain editions of the Australian Silver Kangaroo become rare finds over time, and their market prices tend to rise above the average.

  • Invest with pure confidence. The Australian Silver Kangaroo is made from 99.99% fine silver, one of the highest levels of purity available in bullion coins.

  • Government-backed investment. The Australian Silver Kangaroo isn't just a shiny piece of silver — it carries a legal tender value of 1 Australian dollar. So, you're not only investing in silver but also holding an actual slice of Aussie currency.

  • Stunning design. The Australian Silver Kangaroo coin has Queen Elizabeth II on one side and a beautifully crafted kangaroo on the other. It's a real looker that stands out in any collection!

Pricing

The Australian Silver Kangaroo comes in two pricing plans:

  • Australian Silver Kangaroo vault storage in the USA: Variable pricing, for investors who want to buy 1 oz Australian Silver Kangaroo silver coins, along with a secure storage solution at 0.59% of your stored value per year.
  • Australian Silver Kangaroo courier delivery: Variable pricing plus delivery, for investors who want 1 oz Australian Silver Kangaroo silver coins shipped directly to their address.

Try the Australian Silver Kangaroo today at market price.

Our Top Three Picks

Here’s a quick summary of our top three picks:

  1. American Silver Eagle — best of the best
  2. Canadian Silver Maple — best safe investment
  3. Australian Silver Kangaroo — best silver coin design

Here’s a quick comparison of our top seven picks:

Tool

Entry Offer

Pricing

American Silver Eagle

None

Market value

Canadian Silver Maple

None

Market value

Australian Silver Kangaroo

None

Market value

Chinese Silver Panda

None

Market value

British Silver Britannia

None

Market value

South African Silver Krugerrand

None

Market value

Austrian Silver Philharmonic

None

Market value

Here are the top 50 silver coins to buy we considered in this review:

  1. American Silver Eagle
  2. Canadian Silver Maple
  3. Australian Silver Kangaroo
  4. Chinese Silver Panda
  5. British Silver Britannia
  6. South African Silver Krugerrand
  7. Austrian Silver Philharmonic
  8. Mexican Silver Libertad
  9. Armenian Noah's Ark
  10. United States 90% Silver Coinage
  11. Australian Lunar Series
  12. West Australian Lunar Series
  13. Tuvalu Silver Lunar Series
  14. German Silver Eagle
  15. Russian Silver Ruble
  16. Polish Silver Eagle
  17. Mongolian Silver Chinggis Khan
  18. Spanish Silver Bullion Coin
  19. Scottish Thistle
  20. Slovenian Silver Philharmonic
  21. Turkish Silver Republic
  22. Peruvian Silver Sol
  23. Welsh Silver Dragon
  24. Vatican City Silver Angel
  25. Estonian Silver Eagle
  26. Finnish Silver Markka
  27. Italian Silver 10 Lire
  28. Japanese Silver Yen
  29. Irish Silver Harp
  30. Croatian Silver Kuna
  31. Latvian Silver Lats
  32. Lithuanian Silver Litas
  33. Uruguay Silver Libertad
  34. Yuanbao Silver Coin
  35. Cook Islands Silver Coins
  36. New Zealand Silver Fern
  37. Niue Silver Hawksbill Turtle
  38. Tokelau Silver Coins
  39. Fiji Silver Taku
  40. Somalia Silver Elephant
  41. Gibraltar Silver Coins
  42. Isle of Man Silver Cats
  43. Bermuda Silver Shipwreck
  44. Suriname Silver Coin
  45. Palau Silver Coin
  46. Samoa Silver Coin
  47. Laos Silver Coin
  48. Congo Silver Coin
  49. BullionStar Singapore Merlion
  50. Kyrgyzstan Silver Coin

What is the most trusted silver coin?

The most trusted silver coin is the American Silver Eagle. This official silver bullion coin of the United States, minted with a high silver content of 99.9%, is revered among coin collectors and silver investors alike. Featuring the Walking Liberty design by Adolph A. Weinman on the obverse and a heraldic eagle (a national symbol) on the reverse, it holds a firm position in the precious metal market.

What is the best form of silver to buy for investment?

For investors interested in precious metals, the best form of silver to buy often includes popular silver coins such as American Silver Eagles, Canadian Silver Maple Leafs, or Silver Philharmonics. Each of these coins, renowned for their high silver content and limited mintage, offers a blend of intrinsic metal value and numismatic premiums. Their popularity stems from their beautiful designs, trustworthiness, and silver content.

Are 1 oz silver coins a good investment?

Yes, 1 oz silver coins, like the American Silver Eagles or Morgan Silver Dollars, are a good investment. These coins, backed by their respective governments, provide a secure store of value. In times of economic uncertainty, they can serve as a reliable hedge. Furthermore, their wide recognition makes them easy to buy or sell at current prices.

Does it matter what silver coins you buy?

Yes, it does matter what silver coins you buy. For instance, junk silver coins like silver quarters, silver dimes, and other 20th-century coins have lower silver content but can still be valuable to collectors. Conversely, sovereign silver coins like American Silver Eagles or Canadian Silver Maple Leafs often carry higher premiums due to their purity, design, and government backing. Thus, your choice should align with your investment goals and interest in coin collecting.

How many oz of silver should I own?

The quantity of silver one should own can depend on various factors, including your investment goals, risk tolerance, and financial situation. It's often recommended that precious metals constitute a small but significant portion of a diversified portfolio. However, it's always wise to consult with a financial advisor before making investment decisions.

Is it better to own silver bars or coins?

Deciding between silver bars or coins depends on your investment strategy. Coins, especially popular silver coins like American Silver Eagles, Canadian Silver Maple, and Australian Silver Kangaroo, carry both a metal value and a collectible value. In contrast, silver bars or silver rounds usually offer a more cost-effective way to accumulate silver, making them appealing to investors focused primarily on the metal content.

The Bottom Line

To recap, here are the best silver coins to buy this year:

  1. American Silver Eagle — best of the best
  2. Canadian Silver Maple — best safe investment
  3. Australian Silver Kangaroo — best silver coin design
  4. Chinese Silver Panda — best Asian silver coin
  5. British Silver Britannia — best European silver coin
  6. South African Silver Krugerrand — best African silver coin
  7. Austrian Silver Philharmonic — best classic coin design

*More popular content by this author*

Playbook

How I Turned A Blog Into A $112,500/Month Income Stream

Learn step-by-step how I turned a blog into a $112,500/month income without writing a single word.

>