Are you searching for the perfect silver coins to enhance your Precious Metals IRA or for individual investment? The plethora of silver coins from global mints can perplex your choice.
Let's delve into the Silver Standing Lion Guinea from St. Helena today. Discover this coin's design, purity grade, and other pivotal features.
Spotlight on St. Helena's Silver Standing Lion Guinea
- Composition: 1 ¼-ounce .999 fine silver (99.9% pure silver)
- Dimensions: 39 mm diameter
- Manufacturer: East India Company
- Obverse Design: Effigy of Her Majesty Queen Elizabeth II by Raphael Maklour
- Reverse Design: The Lion of England standing up, holding a crown, and defending the British Empire
- Face Value: £1.25 St. Helena pounds
- IRA-Eligibility: Eligible to be held in an IRA
Delving into St. Helena's Silver Standing Lion Guinea
Saint Helena, a South Atlantic Ocean island, proudly circulates this coin as its official currency. This volcanic beauty falls under British dominion roughly 2,500 miles east of Rio de Janeiro.
Home to fewer than 5,000 souls, it derives its name from Saint Helena of Constantinople and remains an elusive gem. Indeed, until the Portuguese stumbled upon it in 1502, no one called it home.
I am trying to remember why the name sounds familiar. This very island served as Napoleon's exile post after his 1815 downfall.
Design Aspects of St. Helena's Silver Standing Lion Guinea
Are you curious about the Silver Standing Lion Guinea from St. Helena's design? Let's delve into the details of the coin's front and back.
Obverse
Belonging to the British Empire, the front design of St. Helena's Silver Standing Lion Guinea showcases a side-view of Queen Elizabeth II looking right. This depiction, crafted by Raphael Maklouv, appears on various coins for St. Helena and throughout the British Empire. In this image, the Queen dons the Royal Diadem crown.
Reverse
On the coin's flip side, a lion stands, symbolizing the British Empire and Royal Crown. This lion rests atop a globe and rope. The rope recalls the sailing era, while the globe nods to the British Empire's vast reach and trading vessels. Below the globe and rope, there's a shield showcasing the Cross of St. George, a nod to the final Guinea coin in circulation in 1700s Britain.
Value of the Silver Lion Guinea from St. Helena
Even though the Silver Standing Lion Guinea from St. Helena has a face value of 1.25 St. Helena pounds, its true worth far surpasses that. It is composed of 99.9% pure silver, and its value often aligns with the going rate for silver. Given that it weighs one ¼-ounces, its price tends to be more than the typical rate for a silver ounce.
Silver market prices shift daily. Consequently, the worth of the St. Helena Silver Standing Lion Guinea needs to be fixed, too. A reliable precious metals dealer can provide up-to-date value if you're keen to purchase or offload this coin.
Enriching Your Precious Metals IRA with St. Helena Silver Standing Lion Guineas.
Have you ever come across the term Silver IRA? Essentially, it's another name for a Precious Metals IRA. This investment vehicle empowers individuals to bolster their retirement savings with gold, silver, and other metals. While standard IRAs limit you to stocks and bonds, Self-Directed IRAs, such as Silver IRAs, offer a broader investment spectrum.
The IRS mandates that for silver coins or bars to be eligible for an IRA, they must boast a purity standard of 99.5% or higher. The St. Helena Silver Standing Lion Guinea impressively surpasses this with a 99.9% purity level. This means the Silver Standing Lion Guinea seamlessly fits into your IRA.
Dipping your toes into the Silver IRA realm is straightforward. Start by researching and identifying an IRA custodian firm and a precious metals investment agency that come highly recommended by previous clients. These experts will guide you meticulously, whether you're initiating a new account or transitioning an existing retirement fund into a Precious Metals IRA.
Is Investing in St. Helena Silver Standing Lion Guineas Wise?
Silver isn't just a dazzling metal cherished in jewelry and decorations; it's also gaining traction in tech innovations. This could hint at a rising value for this precious metal. Ultimately, your investment choices rest with you. While the St. Helena Silver Standing Lion Guinea stands out, it's not the sole silver coin available. Does it align with your investment vision?
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