Discover how to buy silver coins with large-volume discounts. You will pay less with us than the other six largest silver suppliers:
- Achieve victory with lower prices than the six leading online discounters when you invest $50,000 in gold coins of a similar kind.
- If you’re considering buying gold coins for your retirement account, it’s essential to read “10 Gold IRA Scams“.
- For those seeking to buy coins in smaller quantities, feel free to call us for a referral to another discount exchange.
Are you considering investing in silver coins but are unsure where to start? In today’s volatile market, diversifying your investment portfolio with tangible assets like silver coins is a wise move. In this comprehensive guide, we’ll walk you through the ins and outs of how to buy silver coins for investment, including the best types of coins to buy, tips for purchasing and secure storage options.
- Investing in silver coins can be a profitable endeavor when done with knowledge of the process.
- Select a reputable dealer, understand premiums and buy/sell spreads.
- Consider home storage or private depository options to securely store your silver coins.
Understanding How to Buy Silver Coins as an Investment
In today’s economic climate, silver bullion has become a very popular investment. So it’s important to understand the ins and outs of how to buy silver.
In this article, we’ll cover everything you need to know to buy silver bullion safely. We’ll address the many advantages to owning a silver investment. What types of silver bullion coins to buy. Where to buy them from. And how to not get ripped off. In the next few minutes, you’ll know everything you need to effectively buy silver like a pro.
The Many Reasons to Buy Silver Coins
Why should you invest in silver coins as a cornerstone of your portfolio? Below are a few of the most compelling reasons.
- Silver is money and has been for thousands of years.
- Silver is tangible. You can hold it in your hands.
- Silver is portable. You can easily transport it.
- Silver is liquid. You can sell it anywhere on the planet.
- Silver has always had value. It’s never been worthless.
- You can own silver outright. There is no counterparty risk.
- Silver is a private, confidential asset.
- Silver is a long term store of value, unlike currency.
- Silver is easy and cheap to store.
- Silver tends to perform well when traditional financial markets don’t.
- Silver will protect your assets during a crisis.
- Silver is a significantly used industrial metal with demand on the rise.
Best Type of Silver Bullion Coins to Buy
When it comes to selecting the best modern silver bullion coins for investment purposes, there are some standouts. Popular silver coins include the American Silver Eagle, Canadian Silver Maple Leaf, Australian Kangaroo, Austrian Silver Philharmonic and Silver Britannia. These precious metal coins are from government mints and have a legal tender face value.
They are all widely traded and liquid in the precious metals market. Making them an excellent choice for both novice and seasoned investors.
American Silver Eagle
The Silver Eagle is a very popular and widely recognized official silver bullion coin manufactured by the US Mint. This coin features a full-length figure of Lady Liberty on the obverse, along with an American bald eagle and shield with 13 stars representing the 13 original American colonies on the reverse.
Produced by three mints: the Philadelphia Mint, the San Francisco Mint and the West Point Mint. American Silver Eagle coins are popular among investors.
Canadian Silver Maple Leaf
The Canadian Silver Maple Leaf is a coin produced by the Royal Canadian Mint, known for its high-quality silver bullion bars and coins. The coin features a .9999 fine silver composition, a profile of Queen Elizabeth II on the obverse and a realistic sugar maple leaf design on the reverse.
Additionally, the Royal Canadian Mint has implemented security features and anti-counterfeiting technology into the coin’s design. Making it a desirable choice for investors.
Australian Silver Kangaroo
The Silver Kangaroo is a popular coin produced by the Perth Mint. The coin features a kangaroo jumping on the reverse side. Crafted from 1 oz of .9999 pure silver, the Kangaroo is officially recognized as legal tender in Australia.
Its distinctive design and high-quality silver content make it a sought-after option for investors and collectors alike.
Austrian Silver Philharmonic
The Austrian Silver Philharmonic is minted by the Austrian Mint which incorporates a design inspired by the Vienna Philharmonic Orchestra. This 1 troy ounce .999 fine silver coin features the Great Pipe Organ from the concert hall on the front side.
The reverse side of the coin displays an array of instruments, including the cello and violin. This beautiful and unique coin is a popular choice among investors.
British Silver Britannia
The Silver Britannia is a well-known coin produced by the Royal Mint. This coin is crafted with .999 fine silver and features Britannia, the Roman personification of the British Isles, on the reverse side. The front of the coin showcases Queen Elizabeth II.
Silver Coins You Want to Avoid
There are many attractive silver bullion options to invest in. But it is essential to be cautious and avoid certain types of silver bullion investments. Exclusive or premium coins and semi-numismatic silver bullion products are typically not the best investment options because they tend to have much higher premiums and lower liquidity.
Exclusive or Premium Silver Coins
Exclusive or premium silver coins will have higher premiums and lower liquidity, making them unsuitable for investment purposes. These coins may be attractive due to their unique designs or apparent limited mintage, but they may not provide the best return on investment compared to more mainstream options like the American Silver Eagle or Canadian Silver Maple Leaf.
It is crucial to prioritize coins that are highly liquid and have low premiums to ensure a profitable investment.
Semi-Numismatic Silver Coins
The term semi-numismatic is more a marketing ploy than anything. A dealer may tell you the coins they’re offering possess both numismatic and bullion value. But if you tried to sell those coins back to them immediately after buying them, you’d find they were significantly marked up. While these coins may be appealing to some, they’re not the best option for those seeking a pure silver investment because their value is not dependent primarily on their silver content.
Focusing on widely recognized bullion coins will likely provide a more stable and profitable investment option.
Tips for Buying Silver Coins
Before you add silver to your investment portfolio, there are several essential tips to consider. First, selecting a reputable and trustworthy dealer is crucial to ensure the quality and authenticity of your investment.
Next, understanding how premiums and buy/sell spreads work can help you make informed decisions when buying and selling your investment.
Finally, buying silver bullion from the Certified Gold Exchange can provide you with a seamless and secure purchasing experience.
Choosing the Right Dealer
Choosing a reputable and trustworthy dealer is crucial when buying silver bullion. To identify a reliable dealer, research their reputation online and read customer complaints. A good place to start is the Better Business Bureau.
By partnering with a respected online dealer like the Certified Gold Exchange, you can guarantee the quality of your investment, as well as obtain real-time pricing information to ensure a reasonable deal.
Understanding Premiums and Buy/Sell Spreads
Understanding the premiums and buy/sell spreads associated with your precious metals investment will help you make an informed decision. Premiums refer to the cost that investors pay over the spot price. Buy/sell spreads represent the difference between what a dealer will sell you and buy that same item back for.
How to Buy Silver Coins from the Certified Gold Exchange
Buying silver bullion from the Certified Gold Exchange is as easy as 1, 2, 3.
- Call CGE at 800-300-0715 and request a quote. We’ll perform a nationwide search and provide you with the best price available per our Price Match Plus Guarantee.
- We’ll email you an order confirmation and wiring instructions.
- Upon receipt of funds, we’ll ship and insure your precious metals free of charge to your home address.
Note: If you want to buy silver for your IRA, call us at 800-300-0715, and our IRA team will help you to complete the appropriate documentation.
Securely Storing Your Silver Coins
Once you have purchased your precious metals, it is essential to store them securely to protect them from damage or theft. Two viable options for safeguarding your silver investment are home storage and private depositories.
Home storage options include safes and secure storage containers, while private depositories offer secure and insured storage for your precious metals. Choosing the right storage option will depend on your personal preferences, budget and the size of your silver investment.
Home Storage Options
Home storage options for silver coins include lined wooden boxes, Mylar containers, airtight containers designed for valuable coins and soft fabric storage in a dry and cool location. When storing silver coins at home, it is essential to keep them away from heat, humidity and exposure to air to avoid damage or tarnishing.
Additionally, consider investing in a secure safe or hidden compartment within your home to protect your silver coins from theft or damage.
Private depositories offer secure and insured storage for your silver bars or coins. Often with additional services such as inventory management and easy access to your investment. Some private storage options for silver coins include TDS, Money Metals Depository, SD Depository, Texas Depository and International Depository Services Group.
By utilizing a private depository, you can ensure the safety and security of your silver coin investment while also benefiting from the convenience of professional inventory management and easy access to your coins.
How to Sell Your Silver Coins to the Certified Gold Exchange
When it comes time to sell your silver bullion, the Certified Gold Exchange offers a fast and easy solution. To sell your silver to the Certified Gold Exchange, simply follow the 3 steps below:
- Call CGE at 800-300-0715 and request a buyback quote. We’ll perform a nationwide search and provide you with the best price available per our Price Match Plus Guarantee.
- We’ll email you a sales order confirmation and packing and shipping instructions.
- Upon receipt and inspection of your precious metals, we’ll wire you the proceeds within 48 hours.
Note: If you want to sell silver coins or silver bars in your IRA, please visit our How to Sell a Gold IRA page. It’s the same process to liquidate your silver.
In conclusion, investing in pure silver can be a rewarding and profitable venture when done correctly. By understanding the precious metals market, selecting the best types of coins to buy and knowing how to securely store your investment, you can successfully diversify your portfolio and protect your wealth.
Remember to choose a reputable dealer, understand premiums and buy/sell spreads, and consider using the Certified Gold Exchange for a secure and seamless purchasing experience.
Frequently Asked Questions
Is it a good idea to buy silver coins?
Investing in silver can be a smart decision when seeking diversification or expecting inflation or economic turmoil. Silver has historically performed very well as a hedge against inflation. And with central banks printing record amounts of currency, the price of silver may be on the rise.
What is the best way to buy silver coins?
The best way to buy silver coins depends on how much you’re investing. If buying smaller amounts with cash, local coin shops might be appropriate. For larger purchases, including for IRA accounts, you’ll typically find better pricing and availability if you buy silver online or from a specialized dealer like CGE.
Where is the safest place to buy silver coins, silver rounds and silver bars?
Start with searching for the items you would like to buy. Then research the company’s reputation. Search for the complaints the company may have against them. And determine if they may be a good fit for your needs.
What are the best types of silver coins for investment?
You can’t go wrong if you stick to widely traded, popular silver bullion products from sovereign mints. The most popular include American Silver Eagles, Silver Maple Leafs, Australian Silver Kangaroos, Chinese Silver Pandas and Silver Britannias.
To buy silver coins with large volume discount call the Certified Gold Exchange at (800) 300-0715
Avoid These 10 Gold IRA Scams.
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