Buying Silver: A Complete Guide
Buying Physical Silver (i.e. Bullion) allows you to invest in a precious metal in its tangible form. It gives you the most control when you choose to buy or sell metals.
Silver miners and silver ETFs only give you indirect exposure to the price of silver. Liquidating (selling) your silver when the time comes is often easier with physical bullion.
Buying Silver: A Complete Guide
Silver bullion mainly comes in the form of silver coins, silver rounds, or silver bars. Other silver items aren’t categorized as investment-grade bullion. Each of the 3 forms has different advantages.
Buying Silver: A Complete Guide
There is an active market for all silver coins. Silver coins generally fall into 1 of 3 main subcategories: modern bullion (99.9% pure), pre-1965 numismatics (90% pure and lower), & modern collectibles.
Buying Silver: A Complete Guide
Rounds are usually a cheaper alternative to buying silver coins. Like bars, they have no legal tender status. Silver rounds may have some numismatic appeal and can carry all sorts of exciting designs.
Buying Silver: A Complete Guide
Bars, also sometimes called ingots, are oftentimes the preferred choice of investors for bulk silver purchases. Silver bars come in many shapes, designs, and from many name brands.
Buying Silver: A Complete Guide
It depends: If you want to buy silver at the cheapest price gram-for-gram, it may be best to buy bars. For those who want to buy legal-tender coinage, silver coins represent the better buy.
Buying Silver: A Complete Guide
Rounds and bars normally offer the lowest premiums. They represent one of the better buys from the standpoint of getting the most silver content for your money. However, coins are more liquid.
Buying Silver: A Complete Guide
Buying Silver: A Complete Guide
The reality is: no, unless you’re lucky enough to find a silver coin in pocket change. That doesn’t mean customers can’t buy silver at ridiculously good prices online or at a local coin shop.
Buying Silver: A Complete Guide
Yes! The mint sells many numismatic silver coins directly to the public. However, only Authorized Purchasers (APs) and distributors sell American Silver Eagles, the official US Mint silver bullion coin.
Buying Silver: A Complete Guide
Not since the 1960s have banks exchanged your cash for silver coins on demand. Your best bet today is to always to buy silver from a reputable bullion broker
or coin dealer.
Buying Silver: A Complete Guide
The dynamics between silver and the stock market aren’t cut and dry. Silver, like gold and platinum, has historically been a good hedge against inflation and rough economic times in general, though.
Buying Silver: A Complete Guide
There are many similarities. One major difference is the entry price point: compared to the other precious metals (gold, platinum, palladium) silver is far less expensive per ounce.
Buying Silver: A Complete Guide
Always buy your physical precious metals from a legitimate bullion dealer. Gainesville Coins has been featured on The Washington Post, CNN, Bloomberg, Forbes, and Newsweek.