Junk silver is associated with a small treasure chest from the past. If you still own old Deutschmarks or Austrian schillings, you could be sitting on a treasure trove of silver. For example, five-mark pieces with the silver eagle or old ten-mark commemorative coins are often worth far more than the nominal value that the Bundesbank would pay. So, anyone who still owns German commemorative coins should take a closer look at them. Austrian silver coins from the schilling era are also currently of interest to collectors and investors. The 25 and 50 schilling coins, minted from the 1950s onwards, are particularly popular because the silver content is high, especially the older they are. As a result, coins that had languished in a drawer are now being given a new lease of life.

This development is now also affecting people who previously had little interest in coins. New coin collectors and silver fans are emerging. It is the high price of silver that is to blame. And a 100-schilling coin from Austria, for example, can contain 18 grams of silver. The silver price certainly has potential. After all, a years-long deficit coupled with industrial demand should drive up silver prices. Old price highs are still a long way off at the moment, but some analysts are even predicting that the silver price will explode. In addition to industrial demand, there could be a significant increase in demand for silver as a store of value. Investors can bet on silver not only with coins or bars, but also with shares such as Discovery Silver or MAG Silver.

Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – owns the Codero project in Mexico. It has a reserve of 302 million ounces of silver.

MAG Silver – https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ – is one of the successful silver producers with its stake in the Juanicipio silver mine in Mexico. There is currently a takeover bid for MAG Silver.

Current company information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/