Most silver rounds have lower premiums than that, I've only seen premiums that high on limited run designs and government minted coins like American Silver Eagles.
Try JM Bullion, SD Bullion, AMPEX, Gainesville Coins, Metal Moneys Exchange, and Provident Metal.
JMBullion. Ive placed multiple orders with them recently. Good company. APMEX is good too, but a dollar or so more expensive, but they have some different stock, so you can find some cheaper than JMBullion. I also like to have different coins to fondle and admire, so I try to pick the cheapest ones I don’t have yet, and Its worth 50cents or so more to me to do so.
The only item that's $10+ over spot are American Silver Eagles (ASEs). Next highest are Canadian Maple Leafes, running around $8 over spot.
Australian Kangaroos are the cheapest 1oz soveriegn coin, last I checked. Roughly in the $6-$7 over range. South African Krugerrands and UK Brittanias are a tad bit higher in most cases. But different sites run different specials daily.
The 100oz bars and Constitutional silver are variably in the $5 - $7 over range as well.
SD Bullion is normally the low-price leader in my experience. APMEX is another trustworthy seller. Andy Schectman, CEO of Miles Franklin, is a rock-solid resource in the market and his prices are always a bit lower than the primary online bullion dealers, largely because he doesn't operate an online website for ordering (for security purposes). You should reach out to him if you're looking to buy some quantity. FYI, Andy appears on "Road to Roota", "Arcadia Economics" and "Liberty & Finance" YouTube channels every week providing updates on the market. He's the finest resource for information out there. milesfranklin.com
What you don't realise is that the market for silver has de-coupled. The spot price refers to what you can expect to pay for ETFs. Physical has a premium, but that is actually the market value for physical.
There will be no sane bullion dealer who sells physical silver at spot. The best you can do, if you want a super good deal, is to get your calculator out and buy junk silver. The reason you need a calculator is that junk silver has some copper content and it varies, depending on the year of mintage. So you also need to google the year the coin was minted.
Any .999 or .9999 ounces or bars will have a premium. That premium used to be explained as minting cost. But these days everyone knows that it is the REAL price of physical silver.
Another way around is to buy 10 oz, or larger, bars that look generic, no fancy art work, just the weight and purity stamped on them.
The advantage is that when you come to sell, you can also charge basically most of the premium, depending on where and how you sell. My advice is to sell privately and charge say a dollar less than the others, so that it looks attractive. If you sell t a bullion dealer, they will try and pay you spot, especially if they perceive that you are a noob, and prescribe to the spot myth.
Good question. I would like more info on this too
Most silver rounds have lower premiums than that, I've only seen premiums that high on limited run designs and government minted coins like American Silver Eagles.
Try JM Bullion, SD Bullion, AMPEX, Gainesville Coins, Metal Moneys Exchange, and Provident Metal.
mate, the actual/real price of silver is $10 (or whatever) over spot.
you may get slightly better deal with a larger bar/coin (1kg or more)
Thanks!
APMEX, Scottsdale Mint
https://findbullionprices.com/closest-to-spot/
JMBullion. Ive placed multiple orders with them recently. Good company. APMEX is good too, but a dollar or so more expensive, but they have some different stock, so you can find some cheaper than JMBullion. I also like to have different coins to fondle and admire, so I try to pick the cheapest ones I don’t have yet, and Its worth 50cents or so more to me to do so.
The only item that's $10+ over spot are American Silver Eagles (ASEs). Next highest are Canadian Maple Leafes, running around $8 over spot.
Australian Kangaroos are the cheapest 1oz soveriegn coin, last I checked. Roughly in the $6-$7 over range. South African Krugerrands and UK Brittanias are a tad bit higher in most cases. But different sites run different specials daily.
The 100oz bars and Constitutional silver are variably in the $5 - $7 over range as well.
SD Bullion is normally the low-price leader in my experience. APMEX is another trustworthy seller. Andy Schectman, CEO of Miles Franklin, is a rock-solid resource in the market and his prices are always a bit lower than the primary online bullion dealers, largely because he doesn't operate an online website for ordering (for security purposes). You should reach out to him if you're looking to buy some quantity. FYI, Andy appears on "Road to Roota", "Arcadia Economics" and "Liberty & Finance" YouTube channels every week providing updates on the market. He's the finest resource for information out there. milesfranklin.com
Good luck!
I have been buying Brittanias, Krugerrands and Philharmonics recently. Nice.
Pacific precious metals. I’ve been buying gold and silver from them for years.
Duh. I keep seeing punters asking this question.
What you don't realise is that the market for silver has de-coupled. The spot price refers to what you can expect to pay for ETFs. Physical has a premium, but that is actually the market value for physical.
There will be no sane bullion dealer who sells physical silver at spot. The best you can do, if you want a super good deal, is to get your calculator out and buy junk silver. The reason you need a calculator is that junk silver has some copper content and it varies, depending on the year of mintage. So you also need to google the year the coin was minted.
Any .999 or .9999 ounces or bars will have a premium. That premium used to be explained as minting cost. But these days everyone knows that it is the REAL price of physical silver.
Another way around is to buy 10 oz, or larger, bars that look generic, no fancy art work, just the weight and purity stamped on them.
The advantage is that when you come to sell, you can also charge basically most of the premium, depending on where and how you sell. My advice is to sell privately and charge say a dollar less than the others, so that it looks attractive. If you sell t a bullion dealer, they will try and pay you spot, especially if they perceive that you are a noob, and prescribe to the spot myth.