What is the Best Silver Bullion to Buy?

If you are just getting started with with Precious Metals you are probably asking yourself, "What is the Best Silver Bullion to Buy?" In this video Jim shares with you some of the main silver bullion products that are sold in todays market:

It’s hard to say that there is one silver coin or bar that will fit every person’s needs, so let's start off by sharing some different types of silver that are available to the everyday investor, and then we’ll get into some of the pros and cons of each of them:

• GOVERNMENT SILVER BULLION:

The two most popular Government silver coins are the US Silver Eagles which contain 1 troy ounce of fine silver, and the one ounce Canadian Maple leaf Silver Coins. The great thing about these coins is that they are very well recognized in the precious metal industry, especially in the US, but Worldwide as well. The problem with these coins is that you will pay a higher premium for that recognizability. A premium is a set cost that you will pay over the Spot price when you go to buy silver, and the spot price is the market price for an ounce of silver. When added together you will get your total cost per ounce. If your goal is to get the lowest cost per ounce, then maybe Silver Eagles and Maple leafs aren’t for you, but when it comes to recognizability these two coins are great.

• PRIVATELY MINTED SILVER ROUNDS:

These Silver rounds are by far our most popular at Quality Silver Bullion. They are called privately minted silver rounds because they are not minted in a Government Mint. Rounds do not have a monetary value stamped on them like Silver Eagles, but instead they have the weight in silver, and the words .999 fine silver stamped clearly on the round, which makes it very clear what the composition of the piece is. You do want to be careful which private mints you buy from to be sure that each silver bullion round is guaranteed to contain the correct amount of pure silver. One of the great things about silver rounds is that you will pay a much lower premium over the spot price, which essentially means that you can get more silver for your money. Silver rounds also come in fractional sizes as well which can be a great asset when it comes to liquidation and trade.

• SILVER BARS

Silver bars come in a variety of sizes such as 5-oz, 10-oz, 100-oz, and even 1000-oz bars of pure .999 fine silver. The benefit to buying silver bars is that you can usually purchase them for a lower premium, but selling them is a different story. With what experts are saying, silver has the potential to reach $100 per ounce if not more. Imagine trying to liquidate a 100-oz or even a 1,000-oz bar, and trying to do it quickly. That is one reason one might choose to avoid large bars, or convert your bars to smaller bars or rounds.

• JUNK SILVER (90% COINS)

Junk Silver is NOT by any means "junk", rather it’s a nickname we use for US Dimes, Quarters, and Half Dollars that were in circulation before 1965. Each half dollar, quarter, and dime with a date of 1964 or earlier is made of 90% silver. The nice thing about 90% coinage is that you have the silver broken down in smaller quantities. You can buy this junk silver in large bags but be sure you don’t pay a high premium for them. Because the US mint doesn’t make 90% change anymore and investors are hoarding it, this has slightly increased the going rate for junk silver. Another thing to be aware of is that even though the coins are 90% silver, it does not say "90% silver" anywhere on the coin; in a crunch, no one wants to explain to the car mechanic, grocer, or toilet paper salesman that it really is silver even though it’s just a quarter or a dime.


So we’ve talk about Government Silver Bullion coins, Silver Bullion Rounds, Silver Bars, and Junk Silver, and we hope it has helped a little bit with your decision to buy Silver. If you have any questions please contact us, and we hope to become your favorite mint!

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