How can I find which online bullion dealer has the cheapest Silver Eagles for sale?
This is one of the most frequently asked questions of beginning precious metals investors.
With so many different online bullion dealers to choose from it’s hard to find a simple answer. Finding the cheapest Silver Eagles for sale online requires a bit of research and comparison shopping, as prices can vary based on the dealer, market conditions, and any premiums associated with the coins.
The best way to find the best price is to check all of the well-known online bullion dealers as the silver price and premiums can change frequently. Websites like APMEX, SD Bullion, and Bullion Exchanges often have competitive pricing on Silver Eagles.
However, FindBullionPrices.com helps investors compare prices of Silver Eagles and other investment-grade precious metal coins across multiple online dealers at the same time, saving a significant amount of time and money.
Dealer Premiums on Silver Eagles
Question: Why does each dealer have different prices for what appear to be the same silver eagles or other bullion items?
Answer: The short answer is: because they can. It is usually referred to as the dealer premium. The premium is the markup over the silver spot price that the dealer charges. The charge includes the dealer’s overhead costs, plus a small profit margin. In general, brick and mortar stores have higher overhead costs for a variety of reasons.
Also, many silver buyers don’t shop around much and tend to stick with their favorite dealers. If they do shop around, they will often buy from one or two dealers large dealers such as APMEX or JM Bullion.
The large popular dealers are trustworthy, but often have the highest premiums and can be the most expensive to buy from. These larger companies have more employees, greater expenses and higher operating costs. They also spend significant amounts of money on online advertising and other expenses.
For the large dealers, the cost of doing business is higher than most of the smaller dealers. The higher cost are directly passed along to the end buyer in the form of higher dealer premiums.
When shopping for Silver Eagles online, it’s important to compare prices from as many dealers as possible before making the purchase decision. FindBullionPrices.com provides the tools to help investors compare prices from an assortment of different dealers that offer the same products at different prices.
Finding the Cheapest Silver Eagles Online
FindBullionPrices.com tracks the prices for American Silver Eagle coins from dozens of online bullion dealers. In fact, we track the prices of over 1,000 different silver, gold and platinum bullion investment products as well.
American Silver Eagles can come in a variety of different conditions. There are:
- Current Year 2024 Brilliant Uncirculated Silver Eagles.
- Secondary Market Silver Eagles
- Previous Year 2023 Silver Eagles
- Backdated Silver Eagles
- Circulated, tarnished or Cull condition Silver Eagles
We can help you find the cheapest American Silver Eagles no matter which variety you want to buy.
Silver Eagles Cost Less in Bulk Quantities
You can buy American Silver Eagle coins individually, or you can buy them in larger quantities. It’s pretty common to buy Silver Eagles in tubes of 20 coins, or in Monster Boxes of 500 coins. Buying in bulk often qualifies for quantity discounts, which helps to reduce the cost, allowing you to save money on high premiums.
You will always pay a lower price for Silver Eagles when you buy in larger quantities. Most online bullion dealer offer price breaks starting when you buy a full tube of 20 coins.
Authorized Distributors buy Silver Eagles from the US Mint in very large quantities. Those large quantities are packaged into Monster Boxes. Each Silver Eagle Monster Box contains 25 tubes or rolls of coins.
Buying a roll of 20 American Silver Eagle coins will almost always cost less than when you buy individual coins. Most precious metals investors follow the principal of dollar-cost averaging. Keeping the dealer premiums as low as possible is important.
