Pre-1933 Silver

Coins minted before 1933 is sometimes referred to as “investment grade” or “private silver”. In accordance with the Silver Purchase Act of 1934, U.S. President Roosevelt issued executive order No. 6814 to confiscate and nationalize silver by outlawing private ownership of quantities more than 500 troy ounces.

After the gold standard was abandoned in 1972, it was legal to own silver in excess of 500 ounces. Like gold minted before 1933, these silver coins issued and minted before executive order 6814 was instituted will offer additional privacy and tax benefits many investors appreciate. The Silver Morgan and the Peace Dollar represent coins that fall into this category.

To learn if Pre-1933 silver coins are right for you, call and speak with one of our precious metal specialists at 800-528-0545 or learn more here.