Where is the best place to Buy Silver online?

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buy silver

A lot of first time investors that are getting their feet wet in precious metals are often curious about where is the best place to buy silver online?

There isn’t a simple answer on where to Buy Silver online because there are many trusted and reputable bullion dealers.

When looking to Buy Silver online it’s always best to buy as close to spot price as possible. The amount you pay above spot price is commonly referred to as the dealer’s premium. This is the profit the dealer makes from selling silver.

The lower the dealer premium that you pay when you Buy Silver online will maximize the return on your precious metals investment down the road.

Some online bullion dealers are known for keeping their premiums low. Just because you might be able to buy silver from one dealer cheaper than another doesn’t mean that there will be problems or issues down the road. Especially if you stick with trusted and reputable online bullion dealers.

FindBullionPrices.com tracks the prices of over 300 distinct silver and gold bullion products across over 25 trusted and reputable online bullion dealers. When shopping for precious metals online we help you find the cheapest place to buy silver and gold bullion.

Earn 8% eBay Bucks on eligible purchases, including Silver & Gold Bullion

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Sunshine Mint Silver Rounds ebay Bucks

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be foundĀ here.

eBay launched an eBay Bucks promotion this morning that allows buyers to earn 8% cash back eBay Bucks rewards on eligible purchases through November 15, 2018 at midnight Pacific time.

As usual, items listed in the bullion categories on eBay are ineligible to earn Bucks. However, there are many deals on gold, silver and junk bullion that trusted and reputable dealers have listed outside of the bullion categories that are eligible for earning eBay Bucks, including the 8% bonus.

To find out if you’re eligible for the eBay Bucks promotion, click this link to the eBay Bucks promotion page and click the “Activate” link.

https://pages.ebay.com/rewards/2018/1113.html

If you’re eligible to participate you will be brought to a confirmation page. If you are not eligible you will see a message stating that the offer cannot be activated and it may give you a reason.

Click here for lists of eBay Bucks eligible Gold, Silver and Junk bullion items.

Eligible items include rolls of American Silver Eagles, rolls of Canadian Silver Maple Leafs, fractional gold bars, 10 oz silver bars, 20 Franc Gold Coins, Gold Sovereign Coins, lots of 5 and 10 1 oz silver rounds and bars as well as 90% silver coinage in rolls and bags.

eBay Bucks Bonus Promotion earn 10% 9/4-9/5

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When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be foundĀ here.

eBay launched another eBay Bucks Bonus promotion this morning. This time around the eBay Bucks Bonus amount is raised to 10% on purchases over $100.

Even though gold and silver prices are down dealer premiums have remained steady or increased slightly. The usual net cost gold coins below spot price deals that can often be found during eBay Bucks promotions on Gold Francs and Gold Sovereigns don’t seem to be available this time around.

There are some good deals on American Silver Eagle rolls, 10 oz lots of silver rounds or bars, and a lot of deals on 40% and 90% Junk Silver around spot price. A couple even net below silver spot price when factoring in the eBay Bucks Bonus.

Buy Silver Bullion

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buy silver bullion

Investors have started to buy silver bullion to hedge against inflation and protect their wealth during economic downturns. Buying silver bullion is one of the most effective ways to diversify your investment portfolio. For many savvy investors, silver bullion continues to be the precious metal of choice.

Silver bullion comes in a variety of shapes, weights, brands and designs. Silver bullion is most commonly bought in the form of rounds or bars. Silver bullion in the form of bars and rounds are sold strictly for their precious metals content. They are priced based on their weight in troy ounces relative to the spot price of silver.

Silver bars and rounds are minted both private mints and sovereign government mints around the world. The most commonly bought silver bullion products range in size from 1 oz up to 1 kilo. There is a wide variety of silver bullion products available for investors with a wide range of budgets.

While there are services that allow you to purchase silver bullion and store it in their vaults, the majority of investors and stackers prefer to take delivery of precious metals. Most stick to the common catch phrase of “If you don’t hold it, you don’t own it”.

What type of Silver Bullion is for sale?

Government Bullion

Silver bullion can be bought in a wide variety of shapes, sizes and weights. In the United States, the most commonly purchased and widely recognized is the American Silver Eagle coin. American Silver Eagles are the official silver bullion coin of the United States and is minted by the US Mint.

Other popular silver bullion coins that are produced by sovereign governments include:

Silver Bullion coins that are minted by sovereign governments are sold at a greater premium over silver spot price than privately minted or generic bullion. This is because government backed bullion is guaranteed for it’s purity by the mint and is widely recognized by investors.

Private Mint Bullion

Silver bars and rounds are minted by private mints around the world. Investors buy silver bullion products from private mints for their silver weight.

Silver Bars and rounds are most commonly produced in 1 oz weight denominations. It is also common to find silver bars that weigh 5 ounces, 10 ounces, kilo and 100 ounce sizes. The most common cast silver bars will be stamped with the manufacturer, the weight of the bar, and the purity or fineness of the silver (usually .999).

The premiums on silver rounds and bars are usually closer to spot price than government bullion.

Quick Glance Compare Silver Prices chart

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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.

Reasons to Buy Junk Silver

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90% junk silver coins

Junk Silver Coins

Junk Silver Coins is a common term that refers to circulated coinage that was minted with silver. In the United States, coinage containing silver was in common circulation prior to 1965.

Silver bullion was used in the minting of all dimes, quarters, half-dollars and dollar coins before 1965. The silver in these coins is 90% pure silver. Nickel coins that were minted from 1942 to 1945 contained 35% silver content because the other metals were needed for the military efforts in World War II. The Kennedy Half-dollar coins minted between 1965 and 1969 were minted with 40% silver.

Together, these coins minted with 90%, 40% and 35% silver content are commonly referred to as junk silver because of their intrinsic value.

Why buy junk silver?

  • Junk is real, genuine bullion. Each $1 face value of 90% junk silver contains .715 troy ounces of silver. Junk silver is commonly recognized as real silver. It is something that has been commonly accepted based on its intrinsic worth.
  • Unlike other forms of bullion, Junk Silver is not commonly subjected to counterfeiting like other forms of silver. Junk silver does not have any numismatic value to collectors. It is collected as a store of value purely for the silver content. It is easy to buy junk silver.
  • Junk silver is fractional silver and is easily dividable. It doesn’t carry the same premiums as other fractional silver bullion. Junk silver can easily be split up and sold or traded if it becomes necessary. It can make bartering and trading for goods and services much easier than other forms of silver and gold bullion because of its fractional nature.
  • Junk silver has never been subject to government confiscation. In 1933 President Roosevelt ordered all gold coins held by citizens to be seized by the government. Those who failed to do so were subject to criminal penalties, fines and prison. When copper-clad coinage was introduced in 1965 many people hoarded the 90% silver coins.
  • Junk silver is easy and convenient to store and doesn’t require any special holders, containers or method of storage. It can be stored like any coinage and many investors keep them in standard paper bank rolls.
  • Junk silver carries a lower premium over spot price than other silver or gold bullion products. The price of junk silver is based purely on the silver content. With each $1 face value containing .715 troy ounces of silver.
  • Most coin dealers, pawn shops or other places that trade in silver bullion will often have bags of junk silver available for sale. Bags containing $100 face value or $1000 face value are common. For making smaller buys as a way to store wealth, smaller increments can easily be found. Many dealers sell $5 face value rolls of silver dimes, or rolls of quarters containing $10 face value. It is easy to buy junk silver any time you have extra money.
  • Junk silver with a lower silver content, such as war nickels (35% silver content) and Kennedy half-dollars from 1965 to 1969 (40% silver content) can often be bought for less than spot price. Some investors consider the lower silver content less desirable than other forms of bullion, which can lead to significantly lower premiums.
  • Junk silver is easy to liquidate and sell. Just as junk silver is readily available and easily bought, it can also be sold just as easily. Any local coin shop, pawn shop will readily buy junk silver in the event you need to sell it.

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 carryĀ  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.