When silver rips higher, the bullion market howls. The price of silver has sprinted to a decade-plus high and, paradoxically, that’s exactly why you’re seeing more silver at spot promotions appear across dealer sites. When retail owners cash in to take profits, wholesale shelves fill up.
The result in recent weeks: face-value bags of 90% silver (“constitutional silver”) at spot from Monument Metals, SD Bullion and Bullion Exchanges; a headline-grabbing roll of 20 Morgan dollars at spot from Bullion Exchanges; and even JM Bullion briefly offered 1 oz Gold Eagles at spot as inventories ballooned. For disciplined buyers, these are rare windows to lower cost basis without playing timing games.
The Supply Glut Leads to These Deals
With gold near all-time highs and silver prices near a 15-year high, many holders sold into strength. That turnover pushed more metal into dealer vaults than usual. To keep metal moving, the industry reaches for an old but effective tool: at-spot offers with cash-equivalent payment (ACH/wire/check), tight limits and short windows.
Dealers would rather sacrifice a few ounces at cost than carry excess stock or pay to advertise. You get lower cost basis.
Notable Silver at Spot
- Summit Metals — 5-oz Generic Silver Starter Pack
- Monument Metals — five 1-oz rounds
- SD Bullion — 5-oz silver bar
- Silver Gold Bull — 10-oz silver bar
- Bullion.com — “10 Silver Bar at Spot Price” (random)
- JM Bullion — ten 1-oz rounds at spot
More silver at spot deals.
Notable Gold at Spot
- JM Bullion — 1-oz gold bar
- SD Bullion — 10-gram gold bar
- Bullion.com — 1-gram gold bar
- APMEX — 1-gram gold bar
- Bullion Exchanges — 1-oz Gold Philharmonic
More gold at spot deals.
(Availability, limits, and payment terms vary and can change without notice.)
What “At Spot” Really Means
It means: the metal itself is priced at the current spot plus $0 dealer premium, for specific products and specific payment methods (usually ACH/wire/check).
It doesn’t mean: free everything. You may still see shipping/insurance, state sales tax where applicable, and surcharges for card/crypto.
Also expect:
- One-per-household limits and new-customer targeting
- Short payment windows (often 24–72 hours)
- No returns on bullion (industry standard)
The Case for Circulated Silver in a High-Premium Era
Newly minted silver often carries a hefty premium over melt—especially in tight markets. Circulated U.S. coinage sidesteps some of that bloat. It’s not glamorous; it’s practical bullion backed by a century of cash-register history. When you can buy it at spot, you’re eliminating the premium variable and leaving only metal price risk. That’s clean exposure.
Constitutional silver is highly liquid. You can sell a roll of dimes or a tube of quarters without touching the rest of your position. That optionality has value, and in choppy markets it’s the difference between being forced to sell a 100 oz brick or sell $50 face to raise cash.
Why Dealers Run These
- Inventory management: Wholesale vaults got heavy as sellers took profits.
- Customer acquisition: At-spot is cheaper than ads—and creates verified, funded accounts.
- Cash-equivalent preference: ACH/wire cuts processing cost and fraud risk, letting them pass the savings as “spot.”
If you’re an investor, at-spot deals compress your total acquisition cost and leave you with the purest version of the bet you’re trying to make. Buy the metal, not the markup. The windows won’t stay open forever. When you see one that fits your plan and your budget, use it.
And when they’re gone? Keep your dry powder handy. In this market, spot-price doors have a habit of opening.
