Why Buy Silver Online
When looking your options for buying physical silver bullion, you can buy locally from a local coin store, an individual, a pawn shop or other retail location, or you can purchase from an online bullion retailer. There are pros and cons of each and you will need to make the choice for what’s best in your situation. In our experience we have found it best to buy silver online.
We recommend buying silver bars online for the following reasons:
No Sales Tax – In most states, one of the best benefits of buying online is that most online dealers will not charge sales tax on silver bullion unless. This isn’t always the case and will depend on which state you reside. However, in states where precious metals are subject to sales tax, local retails, coin shops and pawn shops may be required to charge and collect sales tax on silver bars and rounds.Wider Selections – Local coin shops, pawn shops and other local retailers often have limited capital and will carry inventory of items that they know sell well. Online retailers will often have a wider selection of products. While your local pawn shop may have only a few silver bullion items in stock that they purchased from other customers, online dealers carry hundreds of popular and limited mintage silver rounds, silver bars and other silver bullion products.Lower Prices – Local retails have high overhead items such as store front, local advertising, limited amounts of space to carry inventory, etc. Online retailers will almost always beat the price of your local dealer. Many online silver bullion dealers will include free shipping and insurance when the purchase meets a certain threshold.Discrete Shipping – The majority of the major online dealers ship in discrete packaging which gives no inclination of the valuables inside. Shipments are insured against being lost or stolen.
