Best Place To Buy Silver Eagles
Best Place To Buy Silver Eagles
Your complete guide to finding reputable dealers, fair pricing, and reliable service for American Silver Eagle purchases
Introduction
So, you're in the market to buy American Silver Eagles and are looking for the best place to buy them. A good deal, a fair price, and reliable service, to boot?
The first step is to find a reputable coin dealer or bullion broker who offers you the selection of products you're looking for at fair prices. The United States Mint only sells collectible Silver Eagles to the public, and you will end up overpaying if you buy through an auction site or peer-to-peer exchange.
Our Commitment
Gainesville Coins meets all the criteria of a trustworthy bullion dealer and sells American Silver Eagles for the lowest possible prices. We combine fair pricing with the reliability and service you deserve when building your precious metals portfolio.
Table of Contents
Buying American Silver Eagles Online
Purchasing your Silver Eagles online is an excellent option. It gives you the convenience of shopping for coins from the comfort of home. You can view a seller's entire inventory on their website before you step foot out the door. Buying silver online also gives you the flexibility to have metals shipped directly to your address without the hassle of travel.
Enhanced Security
Online shopping has become much more secure since the early days of the internet. Modern encryption and secure payment processing protect your transactions and personal information.
Established Dealers
Stick with established, reputable dealers when you buy online. A dealer who has been in business for decades is more likely to be trustworthy and reliable.
Customer Support
Reputable dealers provide customer assistance when needed. If you buy Silver Eagles from a stranger, there's no way to hold them accountable if anything goes wrong.
Avoid Unverified Sellers
If you buy Silver Eagles from a stranger online, there is no way to hold them accountable if anything goes wrong with your order. Always choose dealers with established reputations and verifiable business credentials.
Why Buy American Silver Eagles
Why do investors buy American Silver Eagle bullion coins? Silver bars and silver "rounds" are cheaper. What the American Silver Eagle coin has that bars and rounds don't, is the guarantee of the United States government.
The gold and silver American Eagle coins were authorized by the Liberty Coin Act in 1986 as the first official bullion coins of the United States. Unlike old silver dollar coins, the Silver Eagle contains exactly one troy oz of .999 fine silver.
Key Advantages of Silver Eagles
- Government Guarantee: 99.9% pure silver bullion guaranteed by the US government
- Legal Tender Status: Official US coins with face value backing
- Global Recognition: Most popular investment silver bullion coins ever minted
- Flexible Quantities: Available from single coins to monster boxes of 500
- Liquidity: Easy to buy and sell in any market conditions
As legal tender coins, the 99.9% pure silver bullion in every Silver Eagle is guaranteed by the US government. This makes the ASE one of the most popular investment silver bullion coins ever minted. Bullion Silver Eagles are easily purchased in any order size desired, ranging from single coins to giant Silver Eagle monster boxes containing 500 coins.
Portfolio Diversification
Silver Eagles offer an excellent way to diversify beyond gold investments while maintaining the security of government-backed precious metals. Monitor current silver prices to time your purchases effectively.
Where Should I Buy Silver Eagles From
Next we'll look at the factors to consider when deciding where to buy American Silver Eagles.
Beware of Counterfeits
If someone is selling Silver Eagles for close to (or at!) spot price out of the trunk of their car, you can be sure that they are fake. Counterfeit Silver Eagles are an increasing problem. Just ask the folks at the Anti-Counterfeiting Educational Foundation.
And what about stolen goods? Where do those coins go—and in whose hands do they end up? These are chances you simply can't take. Deal with a reputable coin shop or online bullion dealer and you'll always be okay. Sometimes, the cheapest price isn't the best price!
Fair Pricing Considerations
For some people, all that matters is buying silver at the cheapest price they can. But is "cheap" really the best criterion for basing your decisions on where you buy Silver Eagles? The problem with so many cheap Silver Eagle avenues is that they may not even be authentic coins you're buying.
What Goes Into Silver Eagle Pricing
The price of new American Silver Eagle bullion coins includes:
- The cost of the silver (based on current spot price)
- The premium the US Mint charges wholesalers for making it (over $2)
- The premium the wholesaler charges dealers
- The premium the dealer needs to stay in business
The premium a dealer charges for "random date" Silver Eagles may differ from current date coins. This reflects the amount over spot that they have to pay investors on the secondary market to get them to sell their ASEs. When demand exceeds supply, it costs more to entice sellers to part with their silver. This extra expense has to be passed on to the customer.
Reliable Service
Reliability… As you've seen, it's a common theme throughout this article outlining the best place to buy Silver Eagles. Why? Because in a world of uncertainties, certainty is a valuable commodity. Certainty is something you get from coin dealers who offer consistent service, fair prices, and good customer service.
Consistent Service
Choose dealers who have proven track records of reliable delivery, secure packaging, and responsive customer support across all market conditions.
Fair Pricing
Look for transparent pricing that clearly shows premiums over spot prices, with no hidden fees or surprise charges at checkout.
Customer Service
Quality dealers offer knowledgeable staff who can answer questions about coins, investing, and help you make informed decisions.
One of the reasons businesses like Disney, McDonald's, and Sony have proven so popular is that consumers know they can trust these brands and the products and services they offer. Shouldn't you be able to expect nothing less than quality and consistency from your Silver Eagle dealer, too?
Service Standards
Choose a coin dealer who offers not just an excellent selection and fair pricing but also outstanding service and a satisfaction guarantee. These aren't just clichés and slogans. They're honest-to-goodness mission statements for Silver Eagle dealers who want to treat their customers the right way.
This doesn't mean that every transaction is perfect. That's impossible. But what it does mean is that they will do everything reasonably possible to ensure the customer is happy with what he or she receives. Find a dealer like that, and you've struck real silver.
A Desire to Educate
Knowledge is power, isn't it? The challenge with knowledge is that, sometimes, it's difficult to know where to find it. But there are Silver Eagle dealers out there who want their customers to be informed buyers and investors.
Educational Resources
Find a coin dealer who offers quality educational content and provides informed advice. These aren't necessarily benefits that every Silver Eagle dealer will offer. Still, these types of bullion professionals are out there. They work hard to earn and maintain the trust and respect of their customers.
- Market analysis and precious metals insights
- Historical context and collecting guidance
- Investment strategies and portfolio advice
- Technical specifications and grading information
- Storage and security recommendations
Continuous Learning
The best dealers provide ongoing education about market conditions, helping you understand how factors like economic uncertainty, currency devaluation, and supply constraints affect both silver and gold prices.
A Few More Things to Consider When Buying Silver Eagles
When you're looking for a good place to buy Silver Eagles, make sure the dealer is well suited to buy and sell these bullion coins.
Important Dealer Credentials
While dealers don't need a license to sell Silver Eagles, there are credentials that the best Silver Eagle dealers have earned that set them apart:
- Industry Memberships: American Numismatic Association, Industry Council for Tangible Assets, and the National Inflation Association
- IRA Services: Authorized to serve as a depository for self-directed IRAs
- Professional Certifications: Partnerships with major grading services
- Business Longevity: Established track record in precious metals
Bottom Line
The best place to buy Silver Eagles is the dealer who provides you the items you want at the right price, with the high level of service you deserve! Look for dealers who combine competitive pricing, reliable service, and educational resources.
Types of American Silver Eagles
American Silver Eagles are available in a wide selection of finishes. This allows both investors and collectors to build fantastic portfolios of these beloved silver coins. When choosing a coin dealer or bullion broker, it's wise to choose one that offers a large selection of both bullion and numismatic Silver Eagles.
Bullion Silver Eagles
Standard investment-grade coins with no mint mark, produced on high-speed presses to meet demand. Most cost-effective for precious metals investing.
Proof Silver Eagles
Made from special polished blanks using carefully engraved dies at West Point Mint. Limited mintages with premium collectible appeal.
Uncirculated Silver Eagles
Struck at West Point using burnished blanks. Minted similar to proofs but with different finish and limited production runs.
Special Editions
Rare types include reverse proof and enhanced uncirculated coins. All numismatic Silver Eagles carry mint marks of their production facility.
Numismatic, or collectible, American Silver Eagles have limited mintages. Numismatic Silver Eagles generally come in two varieties: proof and uncirculated. The US Mint produced more than 565 million American Silver Eagles between 1986 and 2020.
Production Details
- Bullion Eagles: No mint mark, high-volume production
- Proof Eagles: Produced at West Point and sometimes San Francisco
- Uncirculated Eagles: Also struck at West Point with burnished blanks
- Special Varieties: Include reverse proof and enhanced uncirculated finishes
You may be an investor who doesn't wish to spend money on an uncirculated or proof American Silver Eagle. But if you'd like to buy some numismatic Silver Eagles later, it would be nice to have a dealer who offers the full gamut of Silver Eagle products you want.
The 2021 American Silver Eagle
2021 marks the first change in the Silver and Gold American Eagle designs. Both received new reverse designs to celebrate their 35th anniversary. The heraldic eagle on the Silver Eagle was replaced in mid-2021 with the image of a bald eagle holding an oak branch.
Historic Design Changes
- Obverse: A.A. Weinman's "Walking Liberty" design continues, refreshed using original sculptor's models
- New Reverse: Bald eagle holding an oak branch replaces heraldic eagle
- Two Designs: Both 2021 bullion and proof Silver Eagles have two different reverse designs
- Collector Appeal: First major design change in 35 years creates significant collector interest
A. A. Weinman's "Walking Liberty" half dollar design continues as the obverse of the Silver Eagle. The design is being refreshed, using the sculptor's original models. This means both the 2021 American Silver Eagle Bullion Coin and the 2021-W proof Silver Eagles have two different reverse designs.
Investment Opportunity
This historic change creates unique opportunities for both collectors and investors. The transition year coins may carry additional premiums due to their significance in the series' history. Consider how these design changes might affect your silver investment strategy.