Silver Price Argentina
Argentina has one of South America’s largest economies and is also one of the largest silver producers in the world. The nation hosts two of the world’s leading silver mines known as Pirquitas Mine and the San Jose Mine. There are numerous mining companies and operations in the country. Some of the major companies with operations in Argentina include Silver Standard, Hochschild Mining, Pan American Silver Corp, AngloGold Ashanti and Goldcorp.
If you are looking to buy silver in Argentina, you will likely be making your purchase using the local currency, the peso. The peso is issued by the Central Bank of the Republic of Argentina, and each peso can be subdivided into 10 smaller units known as centavos. Peso banknotes come in numerous denominations including 2,5,10,20,50,100,200 and 500 pesos.
It is also possible that the price of silver could be quoted in other currencies as well, including the U.S. Dollar, euro or Great British Pound. Regardless of location, silver is typically quoted in price per ounce, gram or kilo. Silver bullion products can be purchased in weights as small as a single gram, on up to weights of 10,000 ounces. The 1 ounce weight is highly popular with smaller investors, while larger investors may seek larger bars like the 100 ounce weight. There are several weights in between as well, including 5, 10 and 50 ounces.
The Casa de Moneda de la Republica Argentina is the Argentine Mint, located in Buenos Aires. This mint is owned by the Argentine Government and operates as part of the Ministry of Economy. It produces legal tender coins, medals, banknotes and security prints. The mint has produced the Argentine Peso since 1992.
Argentina is not known for producing silver bullion coins, but there are several collectible coins that may be obtainable. Some of the potentially collectible coins from Argentina include the Provincias del Rio de la Plata line including different weights and purities.
If you are looking to buy collectible Argentine coins, there are several issues you may want to consider. When compared to standard bullion coins, collectible or numismatic coins tend to carry higher premiums. Sometimes, these higher premiums can be substantial based on the coin’s mint year, total mintage, condition, relative scarcity and more. Although these coins may increase in value due to their metal content, the collectibility premium can also increase, or decrease. Coins of this type may be more challenging to buy and sell, as it is often a different type of investor looking to acquire them.
Argentine collectible coins may also be graded. A graded coin has been thoroughly examined and inspected by a grading service like PCGS or NGC. The grading company will not only perform a complete visual inspection of the coin to verify authenticity and overall condition, but it will also encapsulate the coin before shipping back to its owner. The encapsulation process will protect the coin not only during transit, but for many years after if it is taken care of.