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Where can I buy silver at spot price?

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buy silver bullion

A lot of first time precious metals investors want to know where they can buy silver at spot price.

Some trusted and reputable online bullion dealers that have a silver at spot price offer. Several of the dealers include free shipping with their spot price offer. In all cases, the silver at spot price deal is the dealer’s cash price.

The only way to get the cash price is by making the purchase with a cash equivalent like paying by check, e-check or wire transfer. All other transaction types such as with credit cards, bitcoin or paypal will incur some sort fee that is charged by the dealer’s payment processor.

Many of the offers where you an buy silver at spot price are for 10 troy ounces of silver. The ten troy ounces of silver may come in the form of generic rounds or a single 10 ounce bar or ingot.

Why Do Some Dealers Sell Silver at Spot Price?

The dealers from whom you can buy silver at spot price via a special offer do so because they hope it will attract new customers. The silver at spot price offer is an incentive. It’s an incentive for you to invest in precious metals at a great price. It’s also an incentive for the dealer to show off their customer service and order fulfillment skills.

Which Dealers Offer Silver at Spot Price Deals?

The dealers that offer silver at spot price deals include:

DealerSilver at Spot Price Offer

Silver Gold Bull Buy a 10 oz silver bar at spot price with free shipping
SD Bullion Buy a (10)  1 oz silver rounds at spot price
Monument Metals Offer 1: (10) 1 oz Silver Rounds at Spot Price w/Free Shipping
Offer 2: $10 FV Pre-1965 Junk Silver Coinage at Spot Price w/Free Shipping
JM Bullion (10) 1 oz Silver Rounds at Spot Price w/Free Shipping
Provident Metals (10) 1 oz Silver Rounds at Spot Price w/Free Shipping

Some of the silver at spot price offers will require a coupon code be entered during the checkout process. If a coupon or discount code is required we will have it listed alongside the offer on our silver spot price deals page.

These are just some of the silver at spot price deals offered by trusted and reputable online bullion dealers. For a complete list, including other discounted starter packs, check out our Buy Silver At Spot Price Deals page.

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Cheapest silver bullion per ounce

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90% junk silver coins

Finding the cheapest silver bullion per ounce can take hours. Searching through dozens of dealers’ websites, scouring sales pages, product pages, comparing price per ounce, shipping charges, dealer premiums, etc.

Our Closest to Spot Price Tool will save you time and money. We track the prices of over 200 bullion products from over thirty major dealer websites. Our closest to spot price tool will show you the cheapest silver bullion per ounce from across all the major dealers.

All of the pricing that we show is pulled straight from each dealer’s website. No games, no gimmicks, no fake pricing like some other price comparison sites.

With our closest to spot price tool you can find the cheapest silver, gold and platinum bullion from over 50 reputable online dealers. You can chose to only show government bullion, such as American Silver Eagles, Austrian Philharmonics, etc.

You can also chose to only display fractional bullion products. This can be particularly helpful if you’re interested in finding the best deals to find the best prices of the available coins.

The tool also calculates the amount of each product that you would need to buy from that particular dealer in order to receive free shipping. For the dealers that do include free shipping, they each have their own minimum purchase amount threshold. For many dealers the purchase threshold to receive free shipping is as low as $199. For some dealers it can be at least $1,000.

We believe that providing you with price transparency with regard to the cheapest silver bullion will help you make better purchase decisions.

Be sure to check out our list of silver at spot price offers and our silver bullion price quick glance tool.

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Free 1/10th oz Silver Round, plus 5 ounces of silver below spot price

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silver rounds

Money Metals Exchange is giving away free 1/10th oz .999 silver rounds. The offer also includes a voucher or a $20 discount on a future purchase.

You just need to pay the shipping and handling fee of $3.97. While it’s not entirely free silver, it’s pretty close to it.

Consider this…

Money Metals Exchange is currently selling generic their Bargain Bin generic, secondary market silver for 74 cents over spot when you buy 5 ounces. Based on today’s silver spot price of $16.75, that works out to $17.49 an ounce.

The cost of 5 ounces is $87.45 plus $7.97 shipping for a total of $95.42.

If you use the $20 voucher as a means to pay for the shipping, the total shipping cost for both offers is $11.94, with $8.06 left over to reduce the cost of the 5 ounces of silver.

This puts the net cost of the 5 ounces of silver in their Bargain Bin product at $79.39 or only $15.88 an ounce, 87 cents below spot price per ounce.

So first, order the free 1/10th ounce silver round and get the $20 voucher for $3.97 shipping and handling.

After the voucher arrives, order the Bargain Bin 5 ounces of silver and apply the $20 voucher.

Better than a silver at spot price deal, it’s a silver below spot price deal!

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Quick Glance Compare Silver Prices chart

FindBullionPrices.com

Some users have suggested that we provide a quick one page summary of some of the top silver bullion items. Based on users’ feedback we built a one page quick glance compare silver prices chart.

The chart features some of the most sought after and top searched silver bullion items.

Across the top of the chart we have the silver bullion items. The items displayed are based on the popularity of a wide variety of products here on the site. Those products are:

  • American Silver Eagle coins, both random year and 2018
  • Generic Silver 1 oz rounds
  • Random year Silver Canadian Maple Leaf coins
  • Random year Austria Philharmonic coins
  • $10 Face Value Junk circulated coinage
  • Generic 5 troy ounce silver bars
  • and generic 10 troy ounce silver bars

This page consolidates 8 of our top products into a single page that allows you to find the lowest price for any of these items at a quick glance. The lowest price across 12 reputable and trusted dealers is highlighted in green making it easy to find.

The dealers in the list carry most of the top products with a couple small exceptions, and when items are out of stock a price will not be displayed.

The list of dealers includes:

  • APMEX
  • BOLD Precious Metals
  • Monument Metals
  • Golden Eagle Coins
  • BGASC
  • Bullion Exchanges
  • SD Bullion
  • Provident Metals
  • Silver Gold Bull
  • JM Bullion
  • Silver.com
  • and Money Metals Exchange

Check out the quick glance compare silver prices page and let us know what you think.

Don’t forget to check out the current silver at spot price deals that are available as well.

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Silver Eagles vs Generic Rounds

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Should I buy Silver Eagles or Generic Rounds?

A lot of beginning investors ask whether they should start buying generic rounds or American Silver Eagle coins. Most people will answer by telling the person to buy generic rounds because they are cheaper and can be bought closer to spot price. While this may at first seem like sound advice, it is more likely to be bad advice.

When considering whether to buy Silver Eagles or generic rounds one needs to consider the “round trip” cost of buying and selling.

Imagine the scenario where spot price is $16.65. Buying random year ASEs might cost $19.00 ($2.35 premium), a generic rounds might cost $17.65 ($1.00 premium).

A dealer is going to buy back ASEs at a higher price than generic rounds. For example, it is fairly common throughout the US that local coin stores will buyback Silver Eagles for around $1.00 over spot. However, most will usually pay $1.00 or so under spot for generic rounds.

If I sold (1) Silver Eagle and (1) generic round back to the dealer when spot was again $16.65. the dealer might buy the Silver Eagle for $17.65. The same dealer might only buy the generic round for $15.65.

The ASE actually “cost” me less when selling. In this case, I lost $1.35 premium I paid for the ASE, but I lost $2.00 on the generic round.

When considering the cost of buying and selling silver it may seem reasonable to buy generic rounds because they can be bought closer to spot. However, factoring in the cost of selling the same bullion, whether Silver Eagles or generic rounds, the cost of selling is less.

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Buying Junk Silver

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90% junk silver coins

Junk Silver is a commonly used name for coinage that contained 90% silver that was in circulation in the United States prior to 1965. Buying Junk Silver is a one of the best and most affordable ways to grow your investment in precious metals.

The term “Junk Silver” is broad term that includes any government issued coinage that was in circulation containing silver that has no numismatic value to coin collectors. It is collected only for the silver content that it contains.

Even though junk silver coins were circulated and might be worn, they still contain a significant amount of silver, which has intrinsic value. Junk silver is a tangible asset and as the spot price of silver fluctuates, the value of junk silver changes accordingly. Many investors appreciate having an investment they can physically hold, as opposed to intangible assets or paper investments.

Junk silver coins, being smaller denominations, can also be used as a sort of “fractional silver,” allowing for more flexibility if you ever need to sell or trade in small amounts.

Some people believe that in extreme economic crises, junk silver might be an effective tool for bartering due to its recognized silver content and divisible nature. For those looking to start investing in silver without a large upfront cost, junk silver can be an affordable entry point. It often carries a lower premium over the spot price of silver compared to newly minted silver bullion coins.

In the United States, coinage that contained 90% silver was in circulation prior to 1965. Coins containing 90% Silver were minted by the US Mint. The coinage included dimes, quarters, half-dollars and one-dollar coins. During World War 2, some nickels were minted with 35% silver alloy as well.

Buying Junk Silver at or Below Spot Price

Silver investors flock to junk silver because it is often available at or close to silver spot price and can be found with little to no premium.

Although millions of coins containing silver were minted by the US Mint, these silver coins have not been minted for more than 50 years. There is a limited supply of junk silver available.

The most common types of junk silver available on the market today is described below. The values are based on a silver spot price around $16.35 on April 30, 2018.

CoinYears MintedSilver ContentTotal WeightSilver WeightApproximate Melt Value
Junk Nickels
Jefferson “War Nickels”1942-194535%5 grams1.75 grams (0.0563 troy ounces)$0.92 per coin
Junk Dimes
Liberty Head “Barber Dime”1892-1916.902.52.25 grams (.072 troy ounces)$1.18 per coin
Winged Liberty “Mercury Dime”1916-1945.902.52.25 grams (.072 troy ounces)$1.18 per coin
Roosevelt Dime1946-1964.902.52.25 grams (.072 troy ounces)$1.18 per coin
Junk Quarters
Liberty Head “Barber Quarter”1892-1916.906.255.625 grams (.181 troy ounces)$2.96 per coin
Standing Liberty Quarter1916-1930.906.255.625 grams (.181 troy ounces)$2.96 per coin
Washington Quarter1932-1964.906.255.625 grams (.181 troy ounces)$2.96 per coin
Half Dollars
Walking Liberty1916-1947.9012.511.25 grams (.362 troy ounces)$5.92 per coin
Franklin1948-1963.9012.511.25 grams (.362 troy ounces)$5.92 per coin
Kennedy1964.9012.511.25 grams (.362 troy ounces)$5.92 per coin
Kennedy1964-1969.4012.55 grams (.148 troy ounces)$2.42 per coin
Dollars
Morgan Dollar1878-1921.9026.7324.06 grams (.773 troy ounces)$12.66 per coin
Peace Dollar1921-1935.9026.7324.06 grams (.773 troy ounces)$12.66 per coin

The best junk silver for investment

Some junk silver coins have numismatic value to collectors and will carry a higher premium over spot. These are typically early minted coins such as Liberty Head and Mercury Dimes, Liberty Head and Standing Liberty Quarters and Walking Liberty Half-Dollars. Morgan dollars and Peace dollars will also carry a fairly high premium over spot price.

The junk silver coins that will be available at or close to spot price will be those that had high circulations and were minted during the later years of the time when coinage was minted with 90% silver. Those include Roosevelt Dimes, Washington Quarters, Franklin and Kennedy Half-Dollars.

When the minting of these coins was changed to copper clad in 1965 many collectors hoarded and saved the coins containing 90% silver as a way to hold and store the precious metals content.

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Generic Silver Rounds : Best Places to Buy Silver Rounds

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silver rounds

Silver rounds are privately minted silver bullion that comes in the shape of a coin. Silver rounds are not legal tender such as silver coins that are minted by sovereign governments. Silver rounds are shaped similar to a coin and can come in a variety of weights from fractional sizes up to kilo. The most common size Silver Round is 1 troy oz.

Silver rounds are easily stacked and can be stored in rolls or tubes. In general, tubes of silver rounds will hold 20 rounds. Storing silver rounds in tubes is a convenient way to store, stack and ship silver rounds.

Silver bullion rounds can come in a wide variety of designs. Some silver rounds are very plain and generic with no real design other than the logo from the mint. Other silver rounds have very intricate designs and can become highly collectible on their own.

Are Silver Rounds as Good as Coins?

  • Silver rounds can be bought from any online bullion dealer for a very low premium over silver spot price
  • Premiums over spot price on silver rounds will be lower than those of sovereign government bullion coins
  • The value of each silver round is based on their weight in troy ounces and is based solely on silver spot price
  • Silver 1 oz rounds are a convenient size for stacking and can easily be traded or bartered if SHTF
  • Silver rounds come in a variety of weights, from fractional rounds as small as 1 gram, to large sizes up to a kilo
  1. You can buy silver rounds in a wide variety of sizes ranging from one troy ounce to kilo. One ounce Silver Rounds are the most popular
  2. Each silver round coin contains one full troy ounce of pure (.999) silver. Each round will be stamped with the weight and purity.
  3. It has a purity of .999 fine silver
  4. They are minted by private mints and are not valid as legal tender

Varieties of Silver Rounds:

Silver bullion rounds are minted by numerous private manufactures. Some of the private mints will brand each round with their logo while sound will have a generic design. Some of the more popular private mints include Sunshine Mint, Republic Metals Corporation (RMC), Silvertowne. Silver Rounds from these established private mints are popular amongst stackers and investors. Some privately minted Silver Rounds, such as those by Sunshine Mint, incorporate security features that are designed to thwart counterfeiting attempts.

Generic silver rounds may be produced by other private mints as well, including some that may no longer exist. In some cases, vintage silver rounds can be highly collectable and carry a significant premium over other generic silver rounds.

Some private manufacturers produce silver rounds that are intended to be collectibles and carry a higher premium such as the Privateer Series from Elemetal.

Most Valuable Silver Rounds:

Engelhard Silver Prospectors is the one ounce silver round that is most sought after by collectors. It was minted by Engelhard but has not been produced since 1988. This silver round is difficult to obtain and occasionally can be purchased on the secondary market.

Best Dealers to Find Silver Rounds

Silver rounds can be bought from any online bullion dealer. They are one of the most common precious metals investments and will have the lowest premium over spot price. We track the prices of generic silver rounds from over 25 of the most trusted and reputable online bullion dealers.

Pricing of silver rounds will vary amongst dealers. When you buy silver rounds be sure to look for volume discounts that some dealers offer. Purchasing in quantities of 10 or more ounces usually includes a discount on the dealer premium and may include free shipping.

Best All Around

Golden Eagle Coins provides the best overall value in terms of customer service, pricing and free shipping. They carry  1 oz Silver Rounds from a variety of leading manufacturers with a number of different designs available. The best value is their Random Manufacturer Generic Silver Rounds. These rounds will be dealers choice and may include new and secondary market silver rounds. Each will contain 1 troy ounce of pure .999 silver. Golden Eagle Coins has been in business since 1974 provides free shipping on all orders over $99.

Best for Quantity Orders

SD Bullion has been in business since XXXX. They carry a wide variety of generic silver rounds at the lowest premiums over spot price. For orders that are less than $2,500 they charge a small shipping fee which will increase the overall price per silver round.

Silver Bullion Rounds Summary

Silver bullion rounds are the most affordable, easy to store investment you can make in precious metals. They provide an excellent opportunity for anyone interest in precious metals investment to get started with silver bullion.

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Which Quarters are Silver?

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junk silver quarters

US quarters that were minted before 1965 contain silver. The silver quarters were struck with an alloy that contains 90% silver. The melt value for each silver quarter is over $4.00 today.

Silver quarters, like all 90% silver US coinage are sometimes referred to as “junk silver”. This is a common term adopted from the coin collecting industry for coins that have no numismatic value. Their value lies strictly in the intrinsic silver content.

Junk silver quarters are a great way to get started with investing in silver. They are fractional and you can buy them close to spot price. In some cases, you can buy silver quarters at spot price.

Silver Quarters in Circulation

There are still some silver quarters circulating alongside modern quarters. The Washington Quarter was introduced in 1932. More than 3 billion silver Washington quarters were minted up until the debasement began in 1965. While many have been melted down over the years, there are still plenty available in the wild.

The easiest way to tell if you have a silver quarter is to look at the date. All quarters that were minted prior to 1965 contain 90% silver content. If your quarter is from 1964 or earlier, then it is a silver quarter.

Silver Quarter Worth

At the very minimum, a silver quarter is worth its weight in silver. A 90% silver quarter has an overall gross weight over around 6.25 grams. Therefore, it has roughly 5.625 grams of silver. Based on the spot price, the intrinsic value of the silver is worth significantly more than the face value. Which is the primary reason that the government stopped to use of silver and made the switch to clad coins.

An easy way to estimate how much your silver quarters are worth is that each $1.00 Face Value, or four silver quarters, contains .715 troy ounces of silver. This is a commonly accepted weight that takes into consideration that there may be some wear and tear from circulation.

For more information about which silver quarters may be key dates and have some numismatic value you can check out the page on coinflation.com.

You can easily compare online dealer prices for 90% silver quarters: