![]() Why else would you buy silver? Let's look back a few years. That makes it a great time to invest in this precious metal. Right now you can get silver at a reasonably low investment cost, and you it's likely to rise again. Why are people trying to buy silver at or below spot now? They are often limited in time and amount, but still prove a great deal, especially if you get free shipping! If you're lucky, look for limited time promotions from companies offering some sort of incentive or an "at spot" deal. ![]() It's important to note that it can be difficult to buy junk silver because there is heavy competition for it, and a lot of it has already been gobbled up by other people who want to buy silver at or below spot. We've noticed how junk coins with lower silver purities aren't as popular as the 90% silver coins and are ultimately less liquid. Junk silver coins with lower silver purities – such as the 40% silver Kennedy half-dollars and 35% silver Jefferson war nickels – encourage you to also own other metals of much lesser value, like copper and manganese. Often, the best junk silver coins are the purest. For decades now, more collectors and limited supply has vastly increased the premiums for certain, rare U.S. Knowing this means understanding a growing interest in numismatics. For certain buyers, you can even snag junk silver below spot if you buy in bulk.īeware! Buying silver under spot means you have to buy the right coins.Ī circulated Peace dollar in good condition, for example, will sell for a 15% – 20% premium from a coin shop or online auction – higher than the premium on a 99.9% pure silver American Eagle. junk silver coins for as little as 1% – 3% over spot prices. government produced many of its coins in alloys consisting of silver purities ranging from 35% to 90%.Īnyone can get U.S. But essentially, a junk silver coin is any government-issued coin containing any amount of silver that has little to no numismatic or collectible value above the value of the metal it contains.Īlthough there are many world coins minted in silver, the most popular junk silver on the market today are circulated U.S. The term “junk silver coin” is vast, looking at many world coins. It can be difficult to find any bullion dealers willing to part with Eagles or Maple Leafs below spot.īut there is one way to get around that obstacle and sometimes buy silver under spot. Standard silver bullion – such as American Eagles and Canadian Maple Leafs – may come loaded high premiums above the metal's spot price. It's well known you can buy silver under spot by making bulk purchases of the right silver vehicle. Spot price is, basically, the commodity’s “right now” price.īecause there isn't a true physical marketplace where folks can bring their silver, the silver price is gleaned from the futures market using a formula that considers current interest and dividend rates and how many days until the futures contract is mature. Spot price for any commodity is the price you would fork over at this specific moment to obtain the commodity. First, let's get the terminology out of the way.
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