When Silver Eagles Cost Less than Generic Silver Rounds

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Buying Silver Eagles Versus Silver Rounds: Is the Higher Premium Worth It?

American Silver Eagle CoinDid you know that Silver Eagles can sometimes cost less than generic silver rounds? We know that Silver Eagles are generally priced with a higher premium, but depending on the premium difference, your time horizon and your purpose for buying silver, Silver Eagles can actually carry a lower overall cost compared to the lower premium silver rounds. It’s true! Paying the higher premium for an American Silver Eagle can be justified, provided the difference in price is reasonable. The result means a higher return for owning an ounce of silver via Eagles, versus silver rounds. This isn’t always the case though. The key is to understand your round trip transaction cost for both the purchase and potential sale of your silver.

In PMBull’s guide to silver bullion, we discuss how and where to buy silver at the best price. The objective of the guide is to identify good dealers with low prices, and how to compare dealer premiums over spot silver prices. Buying silver at the lowest possible cost allows you to maximize the amount of silver purchased.

If maximizing the amount of silver you acquire is your objective, you might conclude that choosing lower premium generic silver rounds over higher premium government coins like American Silver Eagles makes sense. Is maximizing the ounces of silver one holds a reasonable objective though? What about maximizing the value of your silver stack instead? The question that needs to be answered is whether or not Silver Eagles are sufficiently more valuable than a specific silver round to justify the higher price at the time of purchase.

A silver buyer preparing for a currency collapse, hyperinflation or a financial system reset might choose to buy the cheapest precious metals with the lowest possible premium over current spot silver prices that he can find. He may do this because he believes there will be no difference between coins and round prices under these circumstances. An ounce of silver is an ounce of silver, regardless of the design engraved into it, right?

Not necessarily. This argument is only correct if you assume that the simple engravings that designate a government coin will carry no value or meaning for the people to whom you will sell your silver, or with whom you wish to trade for goods and services. It doesn’t matter whether you are living in a post-collapse doomsday situation, or just a basic shift in the economic order, where society continues on. Your belief in the value of your silver is less important than your buyer’s, at the time of sale. Continue Reading …

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The 10 Ounce Silver Bars Advantage: Price

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Picture of Sunshine Mint 10 Ounce Silver BarPMBull has found 10 ounce silver bars to be a favorite amongst its visitors. Silver buyers appreciate the 10-ounce bar format available at most dealers because they offer convenience, beauty and good value, putting these bars at the top of the list in bullion buyer reviews.

Stackers choose 10 ounce bars because they are produced by virtually all of the high quality, trusted mints. They look good and feel good in your hands and are exceptionally convenient to store. Since they are packaged in clear, protective plastic at the mints from where they are produced, they remain beautiful and maintain a nice, shiny luster.

You can find good dealers for 10 Oz. bars with tips on buying silver bullion in PMBull’s guide to buying silver bullion online. In the guide, we review the best types of silver for new investors, discuss how to calculate premium over spot price and look at several silver rounds, bars and coins from top online silver dealers.

Size and Storage

Picture of Year of the Horse 10 Ounce Silver Bar10 ounce silver bars vary in size from mint to mint. Generally, three 10 oz. silver bars are similar in size to a deck of playing cards (but of course will be much heavier). They fit neatly together, even when retained in their mint plastic. Four 10 oz. bars, when stored properly, can take up less space and may be easier to stack than two mint tubes of Silver Eagles or 40 random 1 ounce silver bars.

It should be noted that the convenience of 10 ounce bars is a major factor in choosing them over 1 ounce rounds or coins, but if you plan to maintain less than 100 ounces of silver, you may still be better off with 1 ounce bars, rounds or coins. You cannot liquidate the larger bars a few slivers at a time. 10 ounce bars are best for stackers accumulating larger quantities of silver. Even those who buy them are likely to have other types of silver like coins and rounds, so don’t let this guide convince you that 10 ounce bars are your only option. Continue Reading …

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Popular Low Cost Silver Rounds: Two Good Options

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We’ve added additional silver round pages to our silver bullion guide, where you can find the best prices on a variety of silver bullion coins, rounds and bars. We’ve included the videos for these rounds below, but encourage you to click-through to the full review pages for more information on them.

OPM Silver Rounds: More Bullion Per Buck!

The next video features OPM Silver Rounds, which are a great choice for those seeking the lowest cost option, but do not wish to sacrifice quality. OPM is the largest precious metals refiner in the U.S. and produces a wide variety of gold and silver bullion.

January 03, 2015 Update – These OPM silver rounds are currently available for $0.79 over spot in any quantity at a top dealer. They’ve been incredibly popular due to the quality of the mint that produces them, and the unbeatable price. – Visit Dealer Page

Get more information on OPM Silver Rounds, including buying tips, best price dealers and reviews, on the OPM Silver Rounds page.

Sunshine Minting Silver Rounds: Security in a Seal!

This video shows off the high quality Sunshine Minting Silver Rounds, which feature anti-counterfeiting technology. Sunshine is one of the most respected and well recognized mints in the world, producing some of the highest quality silver rounds on the market. The amazing thing is that these rounds, brand new and complete with the anti-counterfeit seal, are still priced lower than many generic rounds selling in the secondary market or on auction sites.

January 03, 2014 Update – These Sunshine Minting rounds are available at a top online silver dealer for as low as $0.99 over spot. This dealer offers free shipping on all orders, which is a nice incentive, especially for low volume purchases. – Visit Dealer Page

For buying tips, best price dealers and reviews, see the Sunshine Minting Silver Rounds page.

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Merry Christmas & Happy Holidays

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It’s that time of year again when we can’t help but break out the Burl Ive’s classic Silver & Gold from our all-time favorite child-hood Christmas movie: Rudolph the Red Nosed Reindeer. Admittedly, we were quite restless through the musical parts of this wonderful show and couldn’t wait for the scenes with Yukon Cornelius taming the Abominable Snowman. However, we’ve grown to appreciate this particular piece much more today!

Burl Ives, Silver & Gold – from Rudolph the Red Nosed Reindeer

May you and your loved ones be blessed during the holidays and experience much joy and happiness in the new year. While its a tall order, let’s all do our part to bring peace on earth and good will toward men.

PMBull

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The Death of Money by Jim Rickards – Giveaway

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thedeathofmoneyIn his newest book, The Death of Money: The Coming Collapse of the International Monetary System, Jim Rickards tells us that “only nations and individuals who make provision today will survive the maelstrom to come.”

In his best selling prior release, Currency Wars: The Making of the Next Global Crisis, Rickards details a full-blown currency crisis that occurs inside war games held by the Defense Department, where his team won. Rickards was playing the part of China. In that book, Rickards argues that the collapse of the U.S. Dollar is greater than any other economic threat and that a crisis is inevitable.

Rickards continues where he left off with The Death of Money. In this newest book, Rickards prepares readers by encouraging the conversion of fiat currency into real, tangible assets that can better serve as stores of value. These assets include gold, land and even fine art. Continue Reading …

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