Gold $1,979.57 -0.6%
Silver $23.91 -1.74%
Platinum $1,011.20 -0.48%
Palladium $1,397.04 -1.62%

Where to Buy Silver Coins: Best Silver Coin Dealers

Silver coins can be an excellent long-term investment if you’re worried about inflation and want to diversify your portfolio.

If you’re wondering where to buy silver coins, dollars, and bullion, we’ve compiled a list of our favorite precious metal dealers for you to explore:


Best Places to Buy Silver Coins

When it comes to finding the best place to buy silver coins, there are a few factors to consider when evaluating the dealers. First, look for silver coin dealers who have a solid reputation within the industry and among customers. You can check reviews on websites like Trustpilot to get a sense of a dealer’s customer service and product quality. Second, consider the selection of silver coins and bullion that the dealer offers. You want a dealer who has a diverse range of products so you can find the specific silver coins you’re looking for. Third, look for dealers who offer competitive pricing and transparent fees. You don’t want to overpay for your silver coins or be surprised by hidden costs. By keeping these factors in mind, you can confidently choose the best silver coin dealer for your investment needs.


American Hartford Gold

Ratings:

BBB: A+

Business Consumer Alliance: AA

Trustpilot: 5/5

Overview:

American Hartford Gold is a privately held gold dealer founded in 2015 and based in Los Angeles, CA.

Products:

The company sells various silver coins, including American Eagles, South African Krugerrands, Canadian Maples Leafs, and Austrian Philharmonics.

Shipping:

All orders include free shipping, insurance, and tracking.

Payment Options:

The company accepts wire transfers and checks.

Other Services:

American Hartford Gold offers a price-match guarantee and a buyback program. Investors can also get up to $2,500 in free silver on qualifying purchases.

Augusta Precious Metals

Ratings:

BBB: A+

Business Consumer Alliance: AAA

Trustpilot: 3.7/5

Overview:

Augusta Precious Metals is a family-owned business in Tarzana, CA, that has been in operation for over 50 years.

Products:

The company offers common and premium silver coins from American, Austrian, South African, Australian, and Canadian mints. Some popular silver coins include the half-ounce Canadian Eagle, Morgan Dollar, and one-ounce Austrian Philharmonic.

Shipping:

The company offers free insured shipping.

Payment Options:

The company accepts wire transfers for any amount and personal checks for up to $50,000.

Other Services:

All clients meet with a Harvard-educated economist. All purchases and products come with price protection. Also, the company offers a 100% money-back guarantee within seven days of purchase for new customers who buy premium precious metals.

Birch Gold Group

Ratings:

BBB: A+

Business Consumer Alliance: AAA

Trustpilot: 4.7/5

Overview:

Birch Gold Group is a precious metal dealer founded in 2003 and based in Burbank, CA.

Products:

The company offers silver assets – some options include America the Beautiful, American Eagle, Canadian Maple Leaf, Australian Florin, and Morgan Dollar coins.

Shipping:

The company offers free shipping for cash purchases over $10,000.

Payment Options:

The company accepts wire transfers.

Other Services:

Birch Gold Group offers a 20-page “Investment Kit” that explains how to get started in precious metal investing.

Ratings:

BBB: A+

Business Consumer Alliance: AAA

Trustpilot: 4.8/5

Overview:

Goldco is a privately held precious metal dealer that was founded in 2006 and is based in Woodland Hills, CA.

Products:

Some investment options include silver American Eagle, Australian Spotted Eagle Ray, and Australian Striped Marlin coins.

Shipping:

The company does not charge for shipping.

Payment Options:

Goldco accepts checks, cashier’s checks, and wire transfers.

Other Services:

Goldco offers financial articles and resources to educate investors about precious metals and IRAs. Their website provides free educational resources in blogs, eBooks, videos, and a live price tracker. Also, fees are waived for the first year, and new investors receive 10% back in silver coins. Finally, the yearly storage cost is reimbursed in like-value silver when investors make a $25,000 minimum purchase.

Goldline

Ratings:

BBB: A+

Business Consumer Alliance: A

Trustpilot: 4.9/5

Overview:

Goldline is a precious metal dealer that was founded in 1960 and is headquartered in Los Angeles, CA.

Products:

Goldline offers a large selection of silver products to invest in. Some options include Canadian Maple Leaf, American Eagle, Australian, and British coins.

Shipping:

Orders are shipped for free.

Payment Options:

Goldline accepts wire transfers.

Other Services:

Goldline offers a seven-day price guarantee program for purchases over $10,000. Also, the company provides educational resources to new investors who want to learn about the precious metals industry and how to get started with investing.

Lear Capital

Ratings:

BBB: No Rating

Business Consumer Alliance: AAA

Trustpilot: 4.9/5

Overview:

Lear Capital was established in 1997 and is located in Los Angeles, CA.

Products:

Some silver investment options through Lear Capital include American Eagle, Morgan Dollar, Canadian Maple Leaf, half dollar, and exclusive coins.

Shipping:

The shipping prices vary based on the products, weight, and shipping location.

Payment Options:

The company accepts wire transfers and checks.

Other Services:

Lear Capital offers a library of educational resources regarding precious metal investing. The company also has no-fee buyback and price-match programs. Also, the yearly storage cost is reimbursed in like-value silver when making a minimum purchase, and investors receive more like-value silver for every additional $25,000 investment.

Money Metals Exchange

Ratings:

BBB: A+

Business Consumer Alliance: CC

Trustpilot: 2.3/5

Overview:

Money Metals Exchange is an online bullion dealer that was founded in 2010.

Products:

Some silver investment options include American Eagle, Canadian Maple Leaf, Australian Kangaroo, and British Britannia coins.

Shipping:

The company offers free shipping on orders over $500.

Payment Options:

Investors can pay via credit or debit card, PayPal, check, wire transfer, ACH transfer, money order, or cryptocurrency.

Other Services:

The company has an education center on its website that provides investors with information about previous metals.

Noble Gold Investments

Ratings:

BBB: A+

Business Consumer Alliance: AA

Trustpilot: 2.9/5

Overview:

Noble Gold is a precious metal brokerage firm in Pasadena, CA, established in 2017.

Products:

Noble Gold offers IRS-approved silver coins to invest in. Some options include America the Beautiful, American Eagle, Canadian Maple Leaf, Australian Kangaroo, and Austrian Philharmonic coins.

Shipping:

The shipping prices vary based on the products, weight, and shipping location.

Payment Options:

Noble Gold Investments accepts wire transfers.

Other Services:

The company offers a buyback program and a free investment kit to educate investors on physical assets. Noble Gold Investments also offers Survival Packs, which are pre-selected precious metal bundles. The company’s experts select a blend of precious metals for each Survival Pack tier. Finally, the company offers segregated storage.

Oxford Gold Group

Ratings:

BBB: A+

Business Consumer Alliance: AA

Trustpilot: 4.9/5

Overview:

Oxford Gold Group is a precious metal company based in Los Angeles, CA, that was founded in 2017.

Products:

Some silver assets offered by the company include Canadian Maple Leaf, Polar Bear, and Snow Falcon coins. Oxford Gold Group also offers silver North American Bald Eagle, Austrian Philharmonic, Kennedy Half Dollar, and America the Beautiful coins.

Shipping:

Oxford Gold Group offers free shipping.

Payment Options:

The company accepts wire transfers.

Other Services:

The company offers a comprehensive investment guide and additional informative videos and articles on how to invest in physical assets. Also, Oxford Gold Group offers buyback and no-fee liquidation programs.

Patriot Gold Group

Ratings:

BBB: A+

Business Consumer Alliance: AA

Trustpilot: 4.9/5

Overview:

Patriot Gold Group is a precious metal broker based in Los Angeles, CA. The company was originally opened in 1990.

Products:

Patriot Gold Group offers silver bullion, proof coins, exclusive coins, and IRA-approved coins. Some investment options include American Eagle and Canadian Polar Bear and Cub, Morgan Dollar, and Australian Spotted Eagle Ray coins.

Shipping:

The shipping prices vary based on the products, weight, and shipping location.

Payment Options:

The company accepts wire transfers.

Other Services:

The company offers a free investor guide. Other additional services include investor-direct pricing and real-time online account access.

Regal Assets

Ratings:

BBB: F

Business Consumer Alliance: F

Trustpilot: 1.6/5

Overview:

Regal Assets is a California-based precious metals dealer that was founded in 2009.

Products:

Some of the silver investment options offered by the company include Australian Kookaburra, Australian Koala, American Eagle, Canadian Maple Leaf, Austrian Philharmonic, and Britannia coins.

Shipping:

The shipping prices vary based on the products, weight, and shipping location.

Payment Options:

The company accepts wire transfers.

Other Services:

Regal Assets also offers pre-packaged assets at varying investment tiers. The company also offers a buyback program and segregated storage. Finally, investors are not charged any fees for the first year.

Rosland Capital

Ratings:

BBB: A+

Business Consumer Alliance: AAA

Trustpilot: 2.6/5

Overview:

Rosland Capital is a Los Angeles-based firm that was founded in 2008.

Products:

Rosland Capital offers a wide selection of silver investment options. Some options include Britannia, Morgan Dollar, American Eagle, Canadian Maple Leaf, Formula 1, and British Museum coins.

Shipping:

The shipping prices vary based on the products, weight, and shipping location.

Payment Options:

The company accepts checks and wire transfers.

Other Services:

Investors receive $1,000 in free gold if they order a minimum of $20,000.


What Is a Silver Coin?

Silver is a precious metal that is found in a variety of products, including jewelry and cutlery, as well as some forms of currency. However, current circulation coins no longer contain silver, which is why many individuals invest in rare silver coins.

The value of a silver coin may not depreciate over time. Instead, silver coins have both a steady and inherent value primarily due to their scarcity.

Typically, silver coins are purchased for one of three reasons: as an investment, as an inflation hedge, or as a collector’s item.


Silver Coin History

Silver coins are said to be the first mass-produced type of currency. Since the Greeks, silver has been used as a coinage metal; their silver drachmas were popular trade coins. Between 612 BC and 330 BC, the Persians used silver coinage. British pennies were made of silver before 1797.

The value of a silver coin is determined by a variety of criteria, including rarity, demand, condition, and the number of coins initially created. The Denarius and Miliarense are ancient silver coins that collectors prize, while the Morgan Dollar and the Spanish Milled Dollar are more modern.

In addition to collector’s silver coins, silver bullion coins are popular among those who want a “hedge” against currency inflation or a store of value.


Types of Silver Coin

Silver American Eagles

The Silver Eagle is the world’s only silver bullion coin whose weight, content, and purity are guaranteed by the United States government. New, uncirculated Eagles often sell for $1.80 to $2.50 more than spot.

Silver Canadian Maple Leaf

Like the Silver American Eagle, the Silver Canadian Maple Leaf is a government-issued, legal-tender currency. Although it lacks the status of the Eagle in the United States, the Silver Maple Leaf is one of the most identifiable silver coins in the world and one of the most visually pleasing. At .9999 fine silver, they’re also the finest government-issued silver pieces, as most others are just .999.

APMEX One-ounce Fine Silver Rounds

Private minters’ non-legal tender issues are technically not “coins” at all and must be referred to as “rounds” for legal reasons. But silver is silver, regardless of whether it’s issued by the U.S. government or a for-profit company like APMEX. AMPEX’s rounds have gained popularity because they are among the most well recognized and acknowledged private issues.

Morgan Silver Dollars

Morgan Silver Dollars were legal tender coins that were made by the United States government from 1878 through 1904, and then again for one year in 1921. They’re 0.86-ounce coins made up of 90% silver and 10% copper, with a silver content of 0.77344 troy ounces – nearly identical to the silver composition of the original Spanish dollars on which the U.S. currency was founded.

Austrian Silver Philharmonics

The Austrian Silver Philharmonic is a rare coin that rivals the elegance of the Canadian Silver Maple Leaf. With a legal tender value of €1.5, it is also the only silver coin on our list that is denominated in euros. The Austrian Philharmonic Orchestra, a national treasure of Austria, is shown on one side of the coin, while the Golden Hall in Vienna, where the orchestra’s annual New Year’s Day performance takes place, is depicted on the other.

Mexican Silver Libertad

The United States and Canada are not the only countries to produce one-ounce silver-bullion coins. Neighbors south of the U.S. make them as well. Mexican Silver Libertads are sought after by collectors despite their higher $2 premium.


Why Invest in Silver Coins?

There are advantages to investing in silver coins. One of the top reasons that investors choose to invest in this product is that it is more affordable than metals like gold, platinum, and palladium.

Silver coins cannot be created out of thin air. Tangible precious metals are limited in quantity and quality. If the investor decides to sell their coins, the amount they get is determined by the silver’s worth. This is in contrast to fiat money and equities, which are vulnerable to market fluctuations.

Another benefit of investing in precious metals is that it is confidential and private. Silver bars and coins may be kept in the investor’s house and accessed at any time.

Investors typically purchase silver as a long-term hold because the price steadily rises as demand increases and supply decreases. In times of political and economic instability, gold and silver tend to outperform fiat money.

Silver bullion is a limited physical asset, and because of its intrinsic and genuine worth, physical silver is unlikely to entirely sink, despite market fluctuations like other commodities.

Compared to gold, silver is less expensive to acquire and hence more accessible. Silver tends to move in lockstep with gold, rising in price as gold rises.


Silver Coins Pros and Cons

Investing in silver has advantages and disadvantages. Some investors may benefit from diversifying their assets by including physical silver, while others may not. Therefore, it is important to consider all the factors involved with precious metal investing before beginning.

Pros

  • Inflation Hedge

The purchasing power of the dollar is likely to decline with time. In such situations, precious metals like silver help investors protect against inflation.

  • Portfolio Diversification

Investing in silver is a great way to diversify your portfolio and maintain its value in times of economic depression or stock market crash. Silver is inversely correlated with other assets, meaning prices may increase when the cost of other assets decreases.

  • Stock Market Alternative

Silver prices tend to rise in response to the fall in stock and bond prices. In this case, investing in silver does wonders to safeguard your assets.

Cons

  • No Passive Income

Unlike stocks and bonds, investing in silver doesn’t earn passive income through dividends.

  • High Premium

When buying silver coins, dealers charge a premium above the spot price. This increases the cost of the coin above the actual market price. Moreover, premiums may increase when demand is high.

  • Secure Storage Fees

It is necessary to store your coins in a secure storage vault to prevent theft or loss. You may keep your silver in your safe box at home for free of charge. Others may prefer storing their precious metals at a reputable depository. In either case, you will be paying fees for high-quality safe or depository storage.

  • Capital Gains Tax

Precious metals are subject to capital gain tax by the IRS. When you want to sell your silver, any profit you have made is taxable.


Silver Coin FAQ

Where to Buy Silver Coins?

Silver can be purchased through local merchants and internet sellers like APMEX and JM Bullion. You may buy solid silver bars rather than simply coins from more specialist vendors. Before performing any transaction, check the vendor’s reputability on websites such as the Better Business Bureau.

How to Buy Silver Coins?

Determine what type of silver coins you want to buy: bullion coins, numismatic coins, or commemorative coins. Find a reputable dealer, check the spot price of silver, determine the premium, consider the shipping and handling fees, and make a purchase. When making your purchase, make sure you get a detailed receipt and have the coins delivered to a secure location. It’s also a good idea to have the coins appraised by a professional to ensure their authenticity and value.

What is the Best 1 Ounce Silver Coin to Buy?

The American Silver Eagle is the United States Mint’s official investment-grade silver bullion coin, making it one of the few coins guaranteed by the U.S. government for weight, content, and purity. Additionally, the American Silver Eagle is a one-dollar coin made of .999 pure silver. As a result, Silver Eagle investors benefit from unrivaled recognition and liquidity.

Are Silver Coins a Good Investment?

Silver coins and bullions are a good strategy to protect against inflation and other financial market fluctuations. For instance, if the stock market has been underperforming, investors may want to look into silver and other options.

Do Banks Sell Silver Coins?

Banks seldom sell silver, and when they do, they may demand greater premiums. They also lack silver professionals and cannot provide comprehensive counsel to purchasers so that they may make educated decisions.

Are Silver Coins Pure Silver?

Since 1986, when the American Eagle bullion coin program began, the United States Mint has created silver coins that are 99.9% pure. Moreover, most silver bars produced by primary refineries are 99.9% pure or higher.

What is Better, Silver Coins or Bars?

Buying silver in bar form will bring you more silver for the same price. Ultimately, buying bars allows you to stack more silver for less money. On the other hand, silver coins have the added value of being a collectible.


Final Thoughts

Precious metals can be an investment option for those looking to purchase a tangible asset with long-term, steady growth. Silver, in particular, tends to hold its value even when the stock market is experiencing financial upheavals.

Silver also does well during periods of high inflation and political unrest. When typical equities experience major price fluctuations due to these external variables, precious metals become even more desirable. It is also significantly more affordable per ounce than metals like gold, platinum, and palladium, making it more accessible to new investors.

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