Buy Silver Bullion Coins Online
Buy Gold and Silver Coins (BGASC) is one of the largest and most trusted precious metals dealers in the US. With very competitive prices, no order minimum, and free shipping on deals of $5,000 or more, you can snag a pretty good bargain. BGASC aims to always be in stock, ship fast, and provide its customers with stellar customer service. You can choose from a variety of gold and silver bullion coins, bars, and rounds, among other products, and purchase on the website or on the phone with a consultant.
buy silver bullion coins online
JM Bullion is an exclusively online retailer that offers gold and other precious metals products established in Dallas in 2011. In addition to gold bars, it offers a fantastic selection of limited coin mintages and collections. For example, when we last visited the site it was offering the new Nevada Goldback gold notes, Halloween-themed silver bullion, a unique Australian animal collection from the Perth mint, and the beautiful Wild Canada series of silver coins. The JM Bullion website also has a page highlighting the best weekly deals, and even offers junk silver coins.
Golden American Eagle Coins has been serving retail investors and collectors since its establishment in Maryland in 1974. These days, it also sells gold, silver, and other precious metals through a secure online platform. Helpfully, it also sells gold and silver over the phone during regular business hours. It also maintains a retail showroom conveniently located within a half-hour of the DC and Baltimore metro areas.
Buying gold coins or bars online is a good idea if you do not have time to go from store to store looking for what you want. It also gives you the chance to look at several dealers and their products so that you can get the best price possible. Like we mentioned above, BGASC, Silver Gold Bull, and JM Bullion are all great online dealers to check out.
Beginner and expert investors alike have many reasons to buy silver bullion online. For one, the price of silver per oz is much lower than the price of other precious metals like gold, platinum, and palladium. The much lower cost appeals to novice investors who are looking to buy silver bullion.
A flat bar made up of .999+ (usually) pure silver is known as a silver bullion bar. These products can weigh as low as 1 troy ounce and can go as high as the whopping 1,000 troy ounces. The most typical silver bars that are minted and sold are 1 oz, 5 oz, 10 oz, 1 kilo, and 100 oz.
The value of a silver bar is usually close to its melt value. Private mints produce most of the silver bullion bars in the market. Nevertheless, a few government mints produce them as well. Some examples being the Royal Canadian Mint and the Perth Mint.
Unlike silver round though, coins carry a face value in their country of origin. They are struck in government mints and have legal tender status. In addition, these instruments typically command the highest premiums among all silver products.
Bullion mints produce bars, coins, and rounds. There is a close relationship between the history of coins and that of mints. Back in the day, production was slow and challenging because the first coins were hammered. Nowadays, producers are capable of making hundreds of millions of bars, coins, and rounds. Savvy investors use minted silver coins for currency and investment.
When it comes to purchasing or selling silver bullion, the market value for silver (referred to as "spot price") is the basis for all pricing. View the current spot prices for silver. Almost all silver products on our website operate on a silver spot price plus the product premium formula. That is what will determine the final price. For example, if the market value for silver is X and the product premium is Y, the final silver price would be X+Y=Z. Premium pricing is mostly consistent per product but the market value for silver changes every minute. Our market feed integrates live up-to-the-minute prices from worldwide markets. We offer live and historical market data on our Spot Prices page. You can customize charts to research and find trends in pricing. This allows you to compare silver to other precious metal types.
There are many differences between silver bullion and gold bullion. The first one is that silver is sometimes higher volatility compared to gold in bull vs bear markets. Secondly, silver might be more affordable, but it is also a precious metal like gold. In addition, it has never been defaulted on and has no counterparty risk.
This is one of the main parts of the discussion when we talk about any silver bullion instrument. Premium over spot refers to how much more a product is worth (premium charged) over the melt value of silver present in the silver bullion coin, round, or bar. Just as a whole is more than the sum of its parts, the value of some bullion products is higher than their intrinsic worth, depending on the minting source, age, and rarity.
So, even though some bars, coins, and rounds usually command lower premiums over spot, silver coins may warrant a much higher premium because of their collectible value. Also, another reason why coins command a higher premium is the fact that they hold the prestige of being the only government-minted precious metals instruments and thus, enjoy strong demand in the precious metals market.
Most bars, coins, and rounds manufactured across the world, be it in Austria, the USA, or China, contain 99.9% pure silver. A few mints, like the Royal Canadian Mint, surpass the typical purity levels by using 99.99% pure silver. In other words, those products are .09% purer than the other options in the precious metals market.
After investing in silver bullion, it is important to store them safely and efficiently. This is where the stackability factor comes into play. Value per square inch is most definitely an aspect worth considering when buying silver bullion in bulk quantities. Bullion silver bars are easily the most stackable and store-able precious metal products. They offer way more amounts of silver per square inch. Silver coins and rounds require casings, tubes, or boxes when storing large numbers. This fact can make them an unwieldy option for massive quantities of silver.
Another factor to take into account when purchasing silver instruments is whether to buy new, freshly-minted products or to look for relatively cheaper secondary-market silver goods. Like any other product or commodity, everyone automatically prefers shiny and new over "second hand." Moreover, there is a widespread myth among some investors that secondary-market precious metals products have a lower resale value because of their condition and lack of finish. Nonetheless, in reality, brand-new silver bars and rounds in perfect condition sell at the same rates (considering equal silver weight and purity) as their secondary market counterparts do. However, collectors who treasure silver coins for their collectible value will, in most cases, prefer mint condition and near-perfect condition coins.
This particular type of bullion buyer is looking to create a hefty fund to hedge inflation. When seeking to establish a substantial fund, silver bars can be an attractive option. They come in weights as high as 1000 troy ounces. As such, they are easier to stack and store when compared to rounds and coins. However, providing adequate safety and security to this massive quantity of silver can be a tedious task. Hence, private, offshore storage depositories, offering top-of-the-line security at reasonable prices, are considered a great option for storage.
As you would have probably figured out by now, all forms of silver products have their purpose in an investment portfolio. Hence, a safe and recommended strategy is to allocate a specific ratio (depending on you or the advice of your financial adviser) of every type of silver bullion instrument in your tangible assets. However, it is an entirely personal decision that one must take after careful deliberation.
Silver has been used as money as well as a long term store of value for thousands of years. It represents a key commodity and a very affordable precious metal investment option for investors and collectors. Silver is the most popular precious metal to invest in, as the cost per ounce is dramatically lower than other metals. No matter how much you have to invest, you will always be able to purchase more ounces of silver than other precious metals. Silver is a traditional safe haven investment and a perfect way to diversify your investment portfolio. Silver can be sold in silver coins, bars and rounds at mints and refineries across the globe, with silver prices typically moving independently of stocks and financial markets. Investing in physical silver and gold are the only assets that are completely free of counter-party risk and have historically held their purchasing power.
Silver bullion bars are usually the best value for silver on a price per ounce basis. This allows you to accumulate many more ounces of silver for your investment dollars. Silver bars are available as small as 1 gram to as large as 1000+ troy ounces for a COMEX good delivery bar. Silver bars are almost exclusively produced by private mints, although both the Royal Canadian Mint and the Perth Mint produce a limited selection. One of the reasons that silver bars cost less per ounce than coins or rounds is due to the lower fabrication costs of producing a bar. Bars typically do not feature the design work or the fine craftsmanship of most silver coins or rounds. In addition, silver bars are available in much larger sizes than most coins or rounds, which helps lower the cost per ounce. One possible advantage of silver bars is that many of them carry serial numbers, which can be useful if the bars are being held in a trust or in allocated, segregated storage. Click here to learn more about our storage program.
Modern silver bullion coins are produced by government mints, carry a face value and can be used as legal tender. Official silver bullion coins are more expensive per ounce than silver bars or rounds, however they offer additional security and the peace of mind of having been produced by a government mint. Coins carry additional fabrication costs above that of silver bars, which is one factor as to why they cost more. You may wish to start by purchasing coins due to the added confidence of buying a government minted item and then diversify your holdings into privately minted bars and rounds. 041b061a72
