Want to buy Silver Eagles online?
Best Way To Buy Silver
Buying silver is something that many people are talking about these days. Following the collapse of the real estate market and ensuing meltdown on Wall Street, people from all walks of life are taking responsibility for their own financial security and well-being by purchasing silver – both as a safe-haven asset during these stormy economic times, and as a hedge against potential inflation that could result from the extremely loose monetary policies of Ben Bernanke and the Federal Reserve.
For those interested in adding the security of silver bullion to their portfolios, the American Silver Eagle bullion coin is a great way to start investing in this precious metal. While there are many places offering silver for sale these days, each has to be evaluated to determine if they are the right choice for your particular investment needs.
With many of the large bullion dealers operating their own robust websites these days, it is relatively easy to buy Silver Eagles online instead of making the transaction in person at a coin dealer or other physical location. However, buying online removes the “see & touch” experience of buying in person, so if you are going to be buying silver eagle coins, then it is best to take a look at both methods of obtaining them to see which is best for you.
Buying Silver in Person
When you buy silver in person, you are most often visiting a brick and mortar retailer at a location near you. These are most often coin dealers that specialize in everything from collectible numismatic gold and silver coins, to modern day bullion coins.
There are also a number of shops opening up all around these days that simply state that they “buy gold and silver.” These shops have sprung up in large part due to the rising prices of precious metals, and buy and sell nearly everything related to gold and silver, from bullion and collectible coins, to jewelry, to sterling silver serving and silverware sets, and even dental fillings.
While these types of places to buy silver may offer the convenience of a quick and easy transaction, they do have a few drawbacks. First of all, they may not be the best choice for investors because their exclusive focus is not solely on investment grade silver bullion. With coin shops, their focus is more on collectibles, and with the buy & sell places, they simply exist to make a quick buck. Secondly, because both types of operations are usually small businesses, they may not be able to offer you the best pricing on silver bullion items.
Buying Silver Eagles Online
Purchasing silver online is a different experience. While you do not actually get to see or touch the actual products, there are other benefits to buying silver online. A bullion dealer happens to be one of the best places to make your purchase simply because their main specialty is selling bullion. Their pricing tends to be very competitive because their business model is built around having a large volume of customers.
Bullion dealers also specialize in the bulk purchases of Silver Eagle coins. Many are authorized retailers of the U.S. Mint, and since the mint does not sell directly to the public, an authorized retailer is your most direct way of purchasing silver eagle coins. You can purchase single coins, in tubes of 20 coins, or in monster boxes containing 500 coins that are sealed from the U.S. Mint.
A general rule of thumb when you buy silver, or any precious metal for that matter, is the inverse relationship that exists between the amount of metal you buy, and the premium over spot price that you are charged. Since bullion dealers offer ways to buy in bulk, as in the case of silver eagle monster boxes, they can offer much lower premiums which gives you a better acquisition price per ounce. In short, when you buy silver eagles online from a bullion dealer, you are buying silver in the most efficient way possible.