It is unfortunate that articles like this have to be written,
but where there is money trading hands, there will always be fakes, frauds, and counterfeits.
If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …
Below are 14 ways on how to spot fake silver eagles, bars, and bullion. We’ve ranked them from the least to the most effective methods in detecting counterfeits. (Most of these tests can also be applied to gold as well).
1. Silver has been used as money for over 2,000 years
Silver has been used in coinage for thousands of years even more so than gold! As a precious metal, it has been recorded that it was discovered as a mining metal circa 4,000BC in the Mesopotamia region near Turkey. Silver first began circulating as coins around ~2,500 years ago in Lydia. Image is a silver coin drachm used in early 400 B.C. Continue reading
Ever wonder how many ounces of silver it takes to buy a house?
I got curious, so I went out and collected median single family home prices (source) and silver prices for the last 35 years and made a nice graph to chart the ratio.
As of December 2014 it took 18,288 ounces of silver to buy a home!
In 1980, when silver peaked at $49+ it only took 1272 ounces to buy a median priced home. To buy a house today for only 1272 ounces, the price of silver would need to be $235!