All About The Silver Eagle Monster Box
For many decades, silver investing has been a popular choice among investors looking to store their wealth in the safety of precious metals. But when it comes to increasing exposure to silver, there are many different ways to do it, each with their own benefits and drawbacks. Some investors prefer the ease of ETF’s and stocks while others don’t trust any “paper metal” and prefer only purchasing silver they can actually hold with their own two hands. These physical investors more often than not turn to the American Silver Eagle as their vehicle of choice for investing in silver. And when it comes time to buy Silver Eagles, the serious investor will purchase them in large quantities called a Monster Box.
What is a Monster Box?
The American Silver Eagle Monster Box is considered one of the top methods of investing in physical silver. One Monster Box contains 500 1 ounce American Silver Eagle Coins. Each Silver Eagle coin is 1 ounce of pure .999 fine silver. This brings the total weight of silver in a Monster Box to 500 ounces of pure .999 fine silver.
All of the American Silver Eagle coins within the Monster Box are uncirculated, directly from the United States Mint. Groups of 20 coins are stacked in sealed, plastic tubes. The Monster Box contains 25 tubes. The box is secured, and strapped from the U.S. Mint so the entire box is sealed.
Why Should I Buy A Monster Box?
Average, smaller investors will probably not be able to purchase a Monster Box as the price is quite prohibitive (500 ounces of silver is thousands of dollars). But for the serious silver investor, a Monster Box offers many benefits.
- Silver Eagle Monster Boxes are created by the United States Mint. This ensures that your coins are made from a legitimate world mint.
- Because Monster Boxes contain Silver Eagles and Silver Eagles are the most popular silver bullion coin in the world, they are easily recognizable and easily cashed in.
- Monster Boxes are IRA approved for those wishing to keep their silver eagles for long periods of time (which is what most physical investors choose to do).
- By purchasing Silver Eagles 500 coins at a time, you receive a cheaper per coin price by buying in bulk.