1) The Kelantan Dirham
In the beginning, the Muslims used gold dinar & silver dirham by weight and the dinar and dirhams that they used were made by the Persians. It was until 100 years later, Malaysia through the Kelantanese government was proud to be the first Muslim government in the world to introduce Shariah Currency. Interestingly, after Kelantan announced the big news to the world, Perak annouced that they will soon become the second state in the country to introduce the gold dinar and silver dirham currency to give its people more savings options.
More information about the Kelantan Dinar can be found by clicking here.
2) Public Gold
In March 2010, a local company from Penang, Public Gold announced the launch of Public Silver. The silver bars are available in 500g and 1kg silver bars.
More information about Public Gold can be found by clicking here.
One important lesson that I’ve learnt about investing in silver is this.. It is always easy to buy silver anytime, anywhere. The problem lies not in the buying process but the selling process instead. When we buy a piece of precious metal, we are investing for long term. That’s one thing for sure. The question is.. Can you still find the company that sold you the silver to sell it back to them years later? Therefore, it is very important for me to purchase silvers which are issued as a country’s legal tender under the respective country’s currency or monetary act. The following are the 3 silvers that I’ve personally invested so far:
3) US Silver Eagle
The first silver coin that I’ve invested was the American Silver Eagle, the official silver bullion coin of the United States. The US Silver Eagle was first released by the United States Mint on November 24, 1986. The main reason I begin with the US Silver Eagle was the astounding investment liquidity. Aside from the Silver Eagle coin being legal tender in the United States, officially worth one US dollar, their design and US government backing makes them convertible into currency worldwide.
More information about the US Silver Eagle can be found here.
4) Canadian Maple Leaf
The second silver investment that I’ve ever had was the Canadian Maple Leaf, the official bullion coin of Canada which is produced by the Royal Canadian Mint. The Royal Canadian Mint has minted the silver Maple Leaf since 1988. This is the purest silver coin in my collection with a 99.99% fine silver purity. The Royal Canadian Mint is one of the most respected mints in the world due to their adherence to quality and purity. The face value of the silver Maple Leaf is set to 5 Canadian Dollars though its intrinsic silver value is far higher as the coins are traded the world over according to the market rate for silver.
More information about the Canadian Maple Leaf can be found here.
5) Australian Perth Mint
The latest silver investment in my collection is the Australian Perth Mint Silver Lunar Rabbit. The silver coin features two rabbits nestling under foliage on the reserve.
The reverse of each coin depicts two rabbits nestling under foliage. The Chinese character for ‘rabbit’ and the inscription ‘Year of the Rabbit’ also appear in the design with The Perth Mint’s traditional ‘P’ mintmark.
Issued as legal tender under the Australian Currency Act 1965, the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the 2011 year-date and the monetary denomination are shown on the obverse of each coin.
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