Where to Buy Silver American Eagles

Many people are asking lately, where to buy American Silver Eagles.

The US Mint has recently decided to ration the production and shipment of silver American Eagles and many of the silver coin dealers will have a shortage of the latest issues. These fine silver coins get snapped up very quickly by numismatics and hobby coin enthusiasts as well as those seeking silver in whatever form they can buy it.

The American Silver Eagle is the official silver bullion coin of the USA. It was first struck in November 1986 and has been a popular silver coin ever since. You can only get one ounce silver eagles and these carry a face value of one US dollar although the silver content is going to me much more than that.

It is the only coin authorised by the US government and can also be used to fund IRAs (Individual Retirement Funds). There is also a proof version for numismatics and coin collectors. The Silver Eagle has been traditionally produced at three mints. The Philadelphia mint the San Francisco mint and the mint at West Point in New York.

It is still possible to buy earlier American silver eagles if one looks around and does some research.

Some dealers still have earlier issues such as the 2006,2007 and 2008. It is also possible to buy on auction sites such as eBay. One does need to satisfy oneself the seller is bona fide of course. Picking a power seller with heaps of positive feedback is a must. Ensuring that the seller is there and find out where the coin is. It should be in your country and not overseas. You can ask the seller questions before you bid to help satisfy these questions.

Dealers that still have some silver American eagles will have a premium on them of course. If you check the various dealers you can find out who has the lowest premium and therefore reduce your costs.

Make sure the dealer is a genuine dealer. If it is one you have dealt with in the past this will not be an issue but for a new dealer, check out who they are and where they are located. Are they easily contactable? Do they have a policy where you can return goods you find were not as described on their site.

For investment purposes silver rounds are usually much better buy, evens small bars, but many people like the look and the presentation that a American silver eagle has and prefer to collect those.

Whatever you like it is not hard to find where to buy American silver eagles if you are determined enough.

Buy Bulk Silver

Silver is still cheap enough that one can buy bulk silver on a regular basis.

Buying bulk silver is not hard to do. What is bulk silver. Well bulk silver could be considered any quantity of silver over one piece, such as one coin or a small bar. Buying say, 5 kilos could be considered bulk silver.

One can buy bulk silver in the form of silver coins. Bulk silver coins can be bought in bags from one kilo up to 10 kilos and possibly more. Such coins are usually early silver dollars that have a quantity of silver in them. They are often worn and do not have that pristine look that proof coins or new silver bullion coins or silver rounds have, but one is buying these silver coins for the silver content, not for how pretty they are.

But if one cannot afford to buy so much silver in one hit, then a good idea is to buy smaller quantities on a regular basis. When you buy silver periodically, say weekly or monthly, the price you pay will even out over the long term.

Silver is likely to rise as the economy deteriorates and more and more people seek safe havens for their assets. Unlike gold, which does not get used up, much of the silver extracted is used up and cannot be recovered. With less silver being dug out of the ground this means that the quantity of silver available for investment will decrease over time and so the value will naturally increase.

As silver is a lot cheaper by the ounce than gold, it is far easier to accumulate and so can make an ideal investment to put some of one’s assets into.

So one can accumulate bulk silver just by purchasing a few ounces each month, depending on what one can afford. Silver has the added advantage that it can easily be sold in times of need and if you have your silver in small lots, such as silver rounds, or coins or even small bars, then you do not have to break a large bar to access a smaller quantity of funds.

If one can buy bulk silver there is also the added advantage of a smaller premium to pay. As a general rule the larger quantity of silver one can buy at any one time, the smaller the premium per ounce or kilo one pays.

It pays also to do a good search around and find out what is available in silver and how much the premium is. The more research one does the better the odds of finding a good bargain.

As I said, it is not hard to buy bulk silver, it just requires a little work and the rewards can be very satisfactory.