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Buy Silver Bullion Online

Silver is a precious metal with a long history of functioning as money. Silver also has a wide range of industrial uses that further make it a valuable commodity.

Investment silver comes in three forms:

On occasion, physical silver bullion will come in unique shapes. For instance, hand poured silver bars and silver bullets come in unique shapes and sizes.

Silver comes in many forms, but some of those forms are not suitable for investment.

Silverware and silver jewelry are not considered investment-grade. They get most of their value from their decorative features. Thus, these items can lose a considerable amount of their value when tastes change.

Buy Silver Rounds

Silver rounds may look like coins, but they are not legal tender. Instead of a face value, they often bear inscriptions for their weight and purity.

The best way to visualize silver rounds is as coin-shaped, round silver bars. Most customers buy silver rounds for their bullion value in the same manner as bars. Silver art rounds are available for hobby collecting, as well.

Some rounds carry classic designs that were once featured on old coins. Other rounds carry original designs.

Rounds are made in a wide variety of sizes, down to as small as 1/10 of an ounce. Fractional silver rounds give the buyer a great deal of flexibility. These rounds allow investors to trade, invest, or liquidate their silver. The 1 oz silver round size is still the most common.

Some of the most popular silver rounds include:

  • Silver Buffalo Round: Based on the design used for the "Buffalo nickel" from 1913 to 1938. Artist James Earle Fraser created these famous images of an American bison and a Native American warrior.
  • Mercury Dime Design Silver Round: Uses the "Winged Liberty" design that appeared on the U.S. dime from 1916 to 1945. At the time, this version of Lady Liberty, designed by A.A. Weinman, was mistaken for the Roman god Mercury.
  • Walking Liberty Design Silver Round: A classic coin design from U.S. half dollars circa 1916 to 1947. This motif appears on modern American Silver Eagles. Adolph Weinman also designed it.
  • Peace Dollar Design Silver Round: A design based on the last circulating silver dollar in the US. The short-lived design was used from 1921 to 1935 and was created by the artist Anthony de Francisci.
  • Morgan Dollar Design Silver Round. Replica of the most collected silver coin in American history. Named for designer George T. Morgan. This image appeared on dollar coins from 1878 to 1904, and briefly again in 1921.
  • Mason Mint Heritage Silver Round: The flagship silver round of Mason Mint. The "Heritage" design celebrates the Norwegian lineage of the Mint's founders. Exemplifies the company motto "Excellence In Minting."
  • Sunshine Minting Silver Round: One of the most impressive and trusted silver rounds. Design features the distinctive eagle and sunburst design theme. Sunshine Mint is known for the patented decoding security technology.

ISO certified refiners or private mints produce high-quality bars and rounds. This certification allows for inclusion in a self-directed Individual Retirement Account, or IRA.

Much like bars, silver rounds are often less expensive than coins of the same weight.

Buy Silver Bars

Silver bullion bars are like the brick-shaped pieces that you would expect to see stacked up in a bank vault. (You may have seen this type of image in cartoons, for instance.) Bars fit the definition of "bullion" because of their investment-grade precious metal content.

Silver bars bear no legal tender status. They are intended to be an investment vehicle for the metal they are made up of. Private refineries produce the vast majority of silver bars on the market. These are listed below:

PRIVATE MINTS

  • Johnson Matthey: One of the oldest names in the precious metals industry. Johnson Matthey was among the first companies to refine platinum. The company no longer mints silver bullion. As a result, Johnson Matthey silver bars have attained collectible status.
  • PAMP Suisse: A Swiss gold and silver refiner with an excellent reputation. PAMP bullion products are trusted all over the world and are thus highly liquid.
  • Sunshine Minting: The best-known U.S. refinery and mint. Sunshine Mint brand bars are known for their cutting-edge security features. These features are used to deter counterfeiting.
  • Mason Mint: Another private mint located in the United States. Mason Mint specializes in unique new designs for its silver bars and silver rounds.
  • Heraeus: Founded in the 1850s, Heraeus remains one of Germany's largest family-owned companies. Their silver and gold bars are some of the most visually striking on the market.

The companies above mint "brand name" silver bars.

Silver bars come in many different weights. Investors have the option to buy:

The price per ounce often decreases when you buy silver in more significant amounts. This lower price makes purchasing larger silver bars more attractive to investors.

Buy Silver Coins Online

Coins are the most popular form of silver and traded among both collectors and investors.

Silver coins are government-issued legal tender. They are always inscribed with the year of issue and denomination. They also conform to exact specifications of weight, purity, size, and design. This applies to both modern bullion coins and old circulated "hard money" silver coins.

These qualities give investors the security that their precious metal is authentic. It also ensures that their bullion will be recognized and easily exchanged.

Silver coins are backed by the full faith and credit of the issuing government. The Silver American Eagle is the preferred choice of many investors because of this. Many buyers also like the Royal Canadian Mint's Canadian Maple Leaf.

The premium for legal tender silver coins may be higher due to the government backing. American silver coins and Canadian silver coins are famous worldwide. Similarly, British silver coins from the Royal Mint are known for their high-quality.

Modern Bullion Coins

Many government mints, including the United States Mint, sell silver investment coins. They are known as bullion silver coins.

These silver bullion coin programs sell to a network of authorized distributors. The distributors then sell them to the public. This structure has eased the confusion about where to buy silver.

The main appeal of bullion coins is their fine silver content. All the silver coins below measure their weight in troy ounces, except the China Silver Panda. These coins are measured in grams.

These coins were the first to contain precisely one troy ounce of precious metal. Each of them is struck from .999 fine silver, meaning their composition is 99.9% pure silver.

  • American Silver Eagle: The official silver bullion coin of the United States. First struck in 1986, the Silver Eagle enjoys widespread recognition. To date, it is the best-selling silver coin in the world.
  • Chinese Silver Panda: The official bullion coin of China. The Silver Panda Coin was first released in 1982. The Panda is known for using a new design each year.
  • Canadian Silver Maple Leaf: One of the most successful bullion coins in the world. Silver Maples made their debut in 1988. Today these coins use a variety of anti-counterfeiting enhancements.
  • Mexican Silver Libertad: The Mexico Libertad was first released in 1982. Silver Libertads coins usually have lower mintage totals than their international counterparts.
  • Austrian Silver Philharmonic. Europe's most popular silver coin is also known as the Vienna Silver Philharmonic. This series has seen high demand since its introduction in 2008.

Numismatic Silver Bullion Coins

Some silver coin buyers prefer modern collectible silver bullion products. These silver coins sell for a higher premium over spot price. This higher price is due to their limited mintages and unique designs. Australian silver coins issued by the Perth Mint are well-known for these features.

Other popular silver coins from the Perth Mint include the:

  • Silver Kookaburra: Minted each year since 1990. The kookaburra is a small bird native to Australia. Every year the series uses a fresh new reverse design.
  • Silver Koala: A bullion series with an adorable mascot. The koala is a a popular feature of Australia's natural ecosystem. It also features new reverse designs each year since debuting in 2007.
  • Silver Lunar New Year Series. These coins feature animals associated with each year of the Chinese Lunar calendar. Also called the Chinese zodiac. The series began in 1996 and is now in its third cycle.
  • Silver Kangaroo: The newest addition to the Perth Mint catalog. The Silver Kangaroo was first issued on an annual basis in 2017. Kangaroos are the most recognizable Australian wildlife. They are considered an important cultural symbol.

The bullion version of these coins is sometimes called "semi-numismatic" coins. They are different than collectible proof coins and colorized coins. One similarity is that semi-numismatic bullion coins generally have low mintages.

Low mintage totals tell us that a type of coin, such as the 1995-W Silver Eagle coins, is in scarce supply. Often there are fewer coins available than there are potential buyers.

These "regular" silver coins can have high collectible values if they are rare. Coins certified and graded by a third-party grading service may have higher prices. Even mint American Silver Eagles usually sell for a premium when graded in mint state.

There two largest third-party grading services are:

  • Numismatic Guaranty Corporation (NGC)
  • Professional Coin Grading Service (PCGS)

Coins that have been graded by NGC or PCGS are sealed in clear protective cases. These cases are called "slabs," which display the coin's information and grade.

Morgan Silver Dollars and Peace Dollars

The Morgan Silver Dollar is the most popular old U.S. silver coin to collect. The Morgan Dollar was minted from 1878 to 1921. It was struck at five different U.S. Mints at one time or another. Morgans have many variations to be collected.

The Peace dollar replaced the Morgan as America's largest silver coin in 1921. It was minted from 1921 through 1935. The Peace silver dollar was the last coin design from the American Renaissance of coins.

Morgan dollars and Peace dollars are usually worth more than their melt value. They are not considered “junk silver.”

Junk Silver Coins

For millennia, people plucked silver coins from their pocket change and hid it away for a rainy day. Because of this, silver earned the name of "Money of the People."

Low-denomination silver coins are far more accessible to the general population. As a result, countless numbers of these silver coins were hoarded. This hoarding continued until the late 20th century.

The days of circulating "hard money" silver coins are long gone. But people continue to buy the "junk silver" coins that have survived. These coins still hold the value of their silver content, no matter where they were minted. Old circulated silver coins from Canada, Australia, and Mexico are easy to find. The most popular junk silver coins are the pre-1964 90% silver American coins.

U.S. 90% Silver Coins

U.S. dimes, quarters, and half dollars minted before 1965 were made of 90% pure silver.

In the 1970s, these discontinued coins were known as "junk silver" and were sold for melt value. But, they became far more widespread starting in the late 1990s. This led to premiums increasing to where they stand today.

90% "junk silver" pre-1964 silver coins are not sold by weight, like modern silver coins, and silver bars are. They are sold by "face value."

Shop For Silver By Mint

Mints are the refineries where silver bullion is manufactured. Many buyers like to know about the mint where their product was made.

Silver rounds and silver bars come from either government mints or private mints. Silver coins are minted at state-owned facilities. Here are some of the best-known government mints:

GOVERNMENT MINTS

  • United States Mint: Considered the most trusted mint in the world by many investors. The U.S. Mint issues the popular Gold Eagle and Silver Eagle coins every year. They also strike various commemorative designs for collectors.
  • Royal Canadian Mint: Canada's official state mint. RCM mints bars and coins made from precious metals. The Canadian Mint has also won many awards for its stunning collectible coins.
  • Chinese Central Mint: The central mint of the People's Bank of China. Few modern coins can rival the dedicated following for the Silver Panda and Gold Panda.
  • Perth Mint: Located in Western Australia. Perth Mint is well-known for its variety of bullion coin designs. Its Lunar series is popular in the nearby region of East Asia. Also, one of the leading government mints in selling bullion bars to the public.
  • Austrian Mint: The origins of Austria's mint go back 800 years. The mint produces the Philharmonic coin in both silver and gold. The coins highlight the cultural importance of music to the capital city of Vienna.
  • Royal Mint (U.K): The official state mint for Great Britain. The Royal Mint's history stretches back several centuries. Its series of Britannia bullion coins carry on the British Royal Mint legacy.

Why Buy Silver?

Silver is an easy and affordable way to diversify your financial portfolio. Silver has several properties that lend to its value as an investment.

Silver's value comes from investment, industrial, and consumer demand. Silver is used in the following sectors:

  • Investment
  • Jewelry
  • Consumer Electronics
  • Industrial Use

Also, when the economy is weak, silver prices tend to rise on investment demand.

Raw silver is most often mined in the same places as copper, lead, and tin. When the economy slows down, demand for these industrial metals fall. Less industrial metal being mined means that the supply of new silver falls. Less new supply causes silver prices to rise. This means that silver sees demand in a variety of economic conditions.

Silver is chosen as an investment vehicle because it is a physical means of storing wealth. As a tangible asset, it can function as a “safe haven.” This means it retains its value better than paper money in the event of economic or political turmoil. For this reason, it has proven over time to be a viable hedge against the effects of inflation on the dollar.

Modern investment silver is almost always .999 fine silver. Fineness is the purity of a precious metal item. In the case of .999 fine silver, this means that it is 999 of 1,000 parts pure. (1,000 of 1,000 parts purity is impossible. There are always molecules of something else in even the purest silver in the world.)

There are many considerations when buying silver. One important factor is the premium over spot silver price. The lower the premium, the closer you are paying to the melt price. This applies to whether the sale is priced in USD or foreign currency (or even Bitcoin).

You'll find low silver prices for silver bullion rounds and bars in particular.

Buy Silver At Spot

Unfortunately, you cannot buy silver for less than the silver spot price. If that were the case, nobody would be making any whatsoever!

Buy Silver Online

Gainesville Coins offers a large selection of silver and gold bullion bars. By providing a full range of precious metal products, we can help you save money when you buy gold or silver online.

If you'd rather speak with a live person, you can visit our showroom or call one of our traders over the phone. Our expert customer service staff is happy to assist you. We maintain an A+ rating from the Better Business Bureau.