One of the quickest ways to sell silver bars is to contact a local coin dealer. If you want to buy silver eagle coins, it is often advantageous to find a gold or silver dealer that has been in business for years. Buying silver eagle coins from a local precious metal dealer has considerable advantages.
Buy Silver Bullion from Online
Online auction websites such as aubullion.ca, which specialize in online trading have thousands of listings where customers can find silver bars, coins and other precious metal items.
Banks may not be the best place to buy silver bullion if their focus is on trading. Here are three important reasons why investing in silver and gold coins via banks is not the best choice.
Gold and silver traders value aubullion.ca at a low premium based on their weight in gold and silver. Bullion coins issued by the State Mint in 0.999 fine silver are sold at a premium to the spot price of silver. Silver bars can be purchased at premiums of less than 7% of COMEX – spot price and government issued coins have been subject to even higher premiums for much of 2015 and early 2016.
The traditional way to invest in silver is to buy ingots. Silver bars can be bought from major banks and gold dealers. In order to make investment in silver coins more attractive to private investors, there is an additional premium for each purchase, which in the UK represents an irrecoverable VAT of 20%, 19% on each bar and 7% on the face value of the investment products.
Gold and Silver Coins
Gold and silver bars and coins can be purchased from reputable dealers or stored in a safe at home or at a bank or third party depository. You can also invest in precious metals by buying physical metals (bars and gold coins) or financial products such as exchange traded funds (ETFs ). It is not the same as owning gold, but investing in ETFs gives investors access to the gold market.
Gold and silver bars are the only precious metals you can afford. Silver bars cost less than coins, are easier to store and rise faster in percentage terms than gold bars.
If you want to purchase gold coins from a bank in the US, this is not possible as most US banks do not sell gold bars or gold bars to the general public. The Royal Canadian Mint and the Big Five are the only Canadian banks that sell gold and silver. Many holders of gold or silver bars and coins have lockers at the bank as a trick store.
When a gold dealer asks you to open a gold investment account with him, it is important to compare prices from dealer to dealer for the same type of gold bars or coins to find the absolute best.
Precious metals traders are one of the most popular places for investors to buy silver eagles and other gold bars and numismatic coins. The biggest clue you have with a seller is that they often advertise more expensive products; for example, they might try to steer you towards silver bars or rare coins with higher markups. Coin exchanges are designed to buy collector coins as well as gold and silver bars from traders and other participants who are willing to buy the silver for you.
The American Eagle silver coin is the official silver bullion coin of the United States and a popular choice for coin collectors and precious metal investors. For North American investors, American Eagles and Canadian Maple Leaf coins are among the best coins you can buy in silver and gold.
AuBullion.ca refers to high purity physical gold or silver that is stored in the form of bars, ingots or coins. In contrast, bullion coins function like silver bars and derive their value from the amount of silver they contain.
Silver coins from US banks can be bought for a fraction of the cost of conventional precious metal coins. This is done by ordering boxes of half a dollar from banks, hunting them down and keeping only coins with certain silver years in them.
If you personally accept a 1,000-ounce silver bar, the dealer must perform a test before buying it. This type of silver, 99.9% fine silver, does not carry a high premium over bullion coins. It is up to 15% more expensive to buy gold from the bank and 45% more expensive to buy silver if taking into account price fluctuations.
In rare cases, banks may offer gold and silver coins in special series, but these are limited in time. Regardless of your policy, when buying gold or silver, you must have an original receipt for the product and the pristine CIBC product sold.