Many people are aware of the fact that they can invest in silver or gold through an IRA account or by buying stocks. However, another option that should not be overlooked is to buy gold and silver coins directly. This alternative allows the individual to build a collection that serves as both an investment and an enjoyable hobby. An investment and a hobby The value of different coins depends not only on their precious metal content, but also on their age and condition. Since coins date back several centuries, older coins are often worth more than their newer counterparts, and mint-condition coins are the most valuable of all. The creation of the first silver and gold coins is credited to Turkish merchants from the 6th century BC. C., who needed a type of currency in certain commercial situations. Pieces of this type are typically a mixture of the two metals, with a ratio of approximately 30 percent silver to 70 percent gold. For this reason, a specific value for silver or gold may...